Global Portable Ultrasound Device Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Type (Mobile and Hand-Held), by End User (Hospital, Diagnostic Center and Others), by Application (Cardiovascular, Obstetrics and Gynecology, Musculoskeletal, Gastric and Others)

  • Published: May 2016
  • Report Code: LS10662
  • Available Format: PDF
  • Pages: 117

The global portable ultrasound device market accounted for revenues of $1,392.8 million in 2015, and it is expected to grow at a CAGR of 8.8% during 2016-2022. Based on type, the hand-held portable ultrasound device segment is expected to witness the faster growth during the forecast period, at a CAGR of 13.1% globally.

Ultrasound waves travel with different speed in different medium. The medical ultrasound system operates at higher frequencies, typically 1-10 MHz. The ultrasound machine calculates the distance from the probe to the tissue or organ, using the speed of the sound in the tissue and the time of the each echo returns.

Portable Ultrasound Device Market

Ultrasound is used in both diagnosis and therapeutics purpose. Ultrasound imaging is a medical imaging technique, which uses high frequency sound waves and their echoes to produce cross-sectional images of the body. It is easy to operate, easy to move in remote areas, and does not use ionizing radiation. Portable ultrasound device is mainly used at point-of-care, as they are convenient to carry and they are lighter and smaller.

The global portable ultrasound device market is growing at a significant rate, due to growing geriatric population, increasing prevalence of chronic diseases and increasing healthcare expenditure. In addition, the improving healthcare infrastructure in developing countries, such as China and India is also driving the growth of the global market. The restraints associated with the growth of the global portable ultrasound device market include stringent regulations for the approval of portable ultrasound devices.

Geographically, Europe is expected to maintain its dominance in the global market of portable ultrasound device during 2016-2022. This is due to increasing healthcare expenditure, growing geriatric population, and growing prevalence of chronic diseases in the region. In addition, the improved healthcare infrastructure is also driving the growth of the European market.

The North American portable ultrasound device market is growing, mainly due to growing aging population, increasing prevalence of chronic diseases, and increasing healthcare cost. However, the Asia-Pacific market of portable ultrasound device is expected to witness the highest growth globally, during the forecast period. This is due to the growing geriatric population and surge in the occurrence rate of different chronic diseases. Additionally, the large population pool and improving healthcare infrastructure are driving the growth of the market in the region.

Some of the key companies operating in the global portable ultrasound device market include Koninklijke Philips N.V., General Electric Company, Hitachi Ltd., Siemens AG, and FUJIFILM Holdings Corporation.

Place An Order
USD 4900 USD 5900 USD 7500
Customized Report Solution

Get a bespoke market intelligence solution

We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws