Global Portable Ultrasound Devices Market Size, Share, Growth Analysis, By Type (Laptop-based, Handheld), By Application(Obstetrics/Gynecology, Cardiovascular), By Technology (2D Ultrasound, 3D & 4D Ultrasound) - Industry Forecast 2024-2031

Global Portable Ultrasound Devices Market size was valued at USD 1.80 Billion in 2022 and is poised to grow from USD 1.90 Billion in 2023 to USD 2.93 Billion by 2031, at a CAGR of 5.6% during the forecast period (2024-2031).

The field of medical technology is undergoing significant advancements, and this, combined with a rising preference among patients for less invasive treatments, is fuelling substantial growth in the market. A prominent example of this trend is the widespread use of imaging systems, notably portable ultrasound devices, in emergency care environments.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Portable Ultrasound Devices and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.

Global Portable Ultrasound Devices Market Segmental Analysis

The global portable ultrasound devices market is segmented into four major segments i.e. by type, application, technology and region. Based on type the market is segmented as, laptop-based, handheld. Based on application the market is segmented as, obstetrics/gynecology, cardiovascular, urology, gastric, musculoskeletal, Others. Based on technology the market is segmented as, 2D Ultrasound, 3D & 4D ultrasound, doppler ultrasound, high-intensity focused ultrasound, end-use, hospitals & clinics, home care, others. Based on region, the market is segmented as, North America, Europe, Asia Pacific, Latin America.

Drivers of the Global Portable Ultrasound Devices Market

Asthma, chronic obstructive pulmonary disease (COPD), lung cancer, acute lower respiratory tract infections, and tuberculosis are prominent among the array of lung-related illnesses. These conditions, as reported by the American Lung Association, collectively affect millions of individuals in the United States. Specifically, asthma, a chronic respiratory disorder, impacts a considerable 24.8 million Americans.

Restraints in the Global Portable Ultrasound Devices Market

The expansion of the global portable ultrasound devices market is hindered by various challenges, such as the effects of increasing interest rates and insufficient public health coverage, which can limit market growth. Moreover, the high price tag of ultrasound devices serves as a barrier, holding back the market from achieving its full potential.

Market Trends of the Global Portable Ultrasound Devices Market

The merging of portable ultrasound devices with smartphones and tablets is a notable advancement in medical diagnostics. This integration improves the functionality and connectivity of portable ultrasound devices, resulting in a smoother and more user-friendly experience for healthcare professionals.