Report Code: 10662 | Available Format: PDF
The portable ultrasound device market size stood at $1,866.4 million in 2021, and it is expected to grow at a CAGR of 7.2% during 2021–2030, to reach $3,488.3 million by 2030. The growth can be ascribed to the rising prevalence of chronic disorders and the increasing adoption of portable ultrasound systems. For instance, in the U.S., about 6 in 10 adults are suffering from at least one chronic disorder and 4 in 10 have two or more disorders. Moreover, among all chronic disorders, cancer and heart diseases account for a major share. The cancerous cell growth can be detected and differentiated between benign and malignant by using such devices.
To expand their share in the market, various key players have announced the availability of novel products with a rising focus on technological advancements. The most recent technological advancement in such devices is contrast-enhanced ultrasound, an emerging technology used for cardiac and abdominal imaging to provide real-time imaging.
Moreover, due to the shift in focus of doctors and patients from invasive methods to non-invasive methods, the market for ultrasound devices will grow at a lucrative rate. The advanced ultrasound systems replaced older transducer systems with a single silicon chip. These systems are also used to detect non-communicable diseases, whose prevalence is increasing rapidly across the world.
For instance, according to the World Health Organization (WHO), non-communicable diseases such as cancer, stroke, and heart disorders are accounted for about 70% of deaths. The non-communicable disorders are mostly caused due to tobacco use, excessive alcohol consumption, unhealthy diets, and physical inactivity.
North America has the leading position in the portable ultrasound device market, and it will hold the same position till 2030. This is attributed to the presence of a large number of hospitals and the launch of new products by key players in the region. Moreover, the rising prevalence of chronic diseases, the surging government and private funding for R&D in ultrasound imaging, and the presence of a large number of experienced healthcare professionals are the key factors propelling the growth of the regional market.
In North America, the U.S. market holds the leading position, and it will grow at a CAGR of around 7% during the forecast period. This is attributed to the robust healthcare infrastructure, technological advancements in the field of diagnostics, and the launch of advanced products in the country. Furthermore, in the U.S., more than 40% of adults suffer from chronic diseases and about 23% of these patients account for hospitalization.
For instance, in 2022, at the American College of Cardiology, Royal Philips announced the launch of the first ultrasound workspace for echocardiography image analysis that can be assessed remotely. Similarly, in 2021, Mindray Medical, a major global healthcare provider, announced the launch of a new portable ultrasound device that uses AI-based technology to asses fluid in critically ill patients and provide clear image quality. The availability of a large number of devices makes the healthcare system of the country strong and contributes to the market growth.
On the other hand, the APAC market is expected to progress with around 8% CAGR during the forecast period. This can be ascribed to a large number of geriatric people suffering from chronic diseases, an increasing need for diagnosis in developing nations such as India and China, and the rising investments in the development of healthcare infrastructure, in the region. Moreover, China is a major manufacturer of a variety of ultrasound devices.
The cart/trolley-based ultrasound systems account for the largest share in the market and the category is expected to grow in a similar manner during the forecast period. This is due to the increasing adoption of these systems in emergency care for critical patients. Furthermore, these help in rapid diagnosis and provide accurate results, and there is no need to transfer patients in case of severe illness.
The market is categorized into radiology/general imaging, cardiology, gynecology, vascular, and others, based on application. The radiology category dominates the industry, owing to the increasing adoption of ultrasound devices for the diagnosis of various chronic disorders and the rising incidence of cancer and heart issues.
Moreover, other factors such as technological advancements in ultrasound devices, the rising usage of tissue biopsy, and the increasing preference for such devices in the diagnosis and direct treatment of abdominal, musculoskeletal, liver, thyroid, kidneys, and gall bladder drive the market in this category.
The hospitals, surgical, and diagnostic imaging centers category dominates the market. This is because the majority of ultrasound procedures are performed in hospitals, due to the high footfall of chronic patients. Moreover, well-established infrastructure, the existence of a large number of hospitals, the rise in the adoption of non-invasive procedures, and the introduction of advanced portable systems in such healthcare facilities are boosting the industry growth in this category.
The prevalence of various chronic diseases, such as cancer, heart disease, diabetes, and arthritis, is increasing rapidly. Among all, heart diseases are the most common, followed by cancer. For instance, in the U.S., every year, approximately 805,000 people suffer from a heart attack, and out of these, 605,000 have a heart attack first time and 200,000 have already had a heart attack, and about 1 in 5 have a silent heart attack.
Among heart diseases, coronary heart disease is the most common, which killed about 382,280 people in 2020. Moreover, as per government reports, the prevalence of cancer among American Indians and Alaskan natives is about 1,000 cases per 10,000, but this is 64% lower than in Whites. Thus, the increasing incidence of chronic diseases boosts the adoption of effective diagnostic and therapeutic methods, which, in turn, drives the demand for portable ultrasound systems for early detection.
Report Attribute | Details |
Historical Years |
2017-2021 |
Forecast Years |
2022-2030 |
Market Size in 2021 |
$1,866.4 Million |
Revenue Forecast in 2030 |
$3,488.3 Million |
Growth Rate |
7.2% CAGR |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Portability; By Application; By End User; By Region |
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The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.
Based on Portability
Based on Application
Based on End user
Geographical analysis
The portable ultrasound device market size stood at $1,866.4 million in 2021.
During 2021–2030, the growth rate of the portable ultrasound device market will be around 7.2%.
Radiology/general imaging is the largest application area in the portable ultrasound device market.
The major drivers of the portable ultrasound device market include the rising prevalence of chronic disorders, the increasing adoption of portable devices, the growing geriatric population, the launching of several point-of-care and handheld ultrasound devices, and the rapid advancements in the field of therapeutic ultrasound by research institutes.
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