The Portable Ultrasound Market Size was valued at USD 2.6 billion in 2023 and is expected to reach USD 6.8 billion by 2032, growing at a CAGR of 11.3% over the forecast period 2024-2032.
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The growth of the global portable ultrasound market is majorly driven by the, growing incidences of chronic disease and growing global geriatric population are few of the key drivers. As per the World Health Organization (WHO), the share of the world's population over 60 years is expected to double from 12% to 22% between 2015 and 2050. This demographic change is anticipated to augment the need for portable ultrasound devices for faster and effective diagnostics. Moreover, rapid developments of technology like artificial intelligence (AI) and machine learning algorithms are augmenting the abilities of portable ultrasound devices. The U.S. Food and Drug Administration (FDA) has been responding by approving portable ultrasound devices embedded with new AI-enabled software with multiple clearances in recent years.
Market growth is bolstered by government initiatives aimed at enhancing healthcare infrastructure and expanding medical imaging accessibility in rural and remote locations. The Indian government's National Health Mission has, for example, been encouraging portable ultrasound devices in primary health-care centers to improve maternal and child health. The outbreak of COVID-19 pandemic has further expedited adoption of portable ultrasound devices, which provide a safer and flexible option for patients assessment. In the United States, the CDC recommended point-of-care ultrasound for COVID-19 patients to reduce exposure risk and conserve personal protective equipment. In addition, growing accessibility of point of care diagnostics and increasing utilization of ultrasound in critical care and emergency medicine field are contributing to market expansion.
Drivers
Integration of artificial intelligence enhances image quality and diagnostic accuracy, making devices more user-friendly.
Increased cases of cardiovascular diseases and cancers boost demand for portable ultrasound systems for early detection and monitoring.
Need for immediate results in emergency and outpatient settings drives adoption of portable ultrasound devices.
Technological improvements have played a major role in driving the portable ultrasound market, with manufacturers now able to provide devices that are smaller, more efficient, and easier to use. Current portable ultrasound scanners are equipped with higher imaging quality, higher portability grade, and more friendly interface system, thus becoming more appealing to healthcare providers. For example, the use of artificial intelligence (AI) and machine learning algorithms has allowed for real-time image optimization, increasing their positive diagnostic yield. One prominent example is the ATUSA system developed by iSono Health, the first automated, portable, and 3D breast ultrasound system, built to work in synergy with machine learning models to enable physicians to have a comprehensive solution for diagnosis.
Such advancements have widened the scope of portable ultrasound applications beyond emergency medicine, having found utility in multiple other domains such as cardiology and obstetric applications. These devices provide the ideal blend of portability and sophisticated functionality, enabling healthcare practitioners to perform point-of-care diagnostics more quickly and accurately, which leads to better outcomes for patients and improved efficiency in clinical workstreams. Consequently, the utilization of portable ultrasound has grown significantly, and almost 80% of hospitals in the United States have incorporated such systems into their clinical workflows associated mainly with emergency departments and outpatient clinic settings.
Restraints
The substantial initial investment required for portable ultrasound devices can hinder adoption, especially in resource-limited settings.
Effective use of portable ultrasound systems necessitates adequate training for healthcare professionals, which may require additional resources.
Ensuring devices meet regulatory standards for safety and accuracy can be a complex process for manufacturers.
High equipment costs are one of the significant restraints in the portable ultrasound market. Portable ultrasound machines, while smaller and more convenient than other systems, still involve a cost. These devices can therefore be very expensive for healthcare providers to use, particularly in lower income countries which may therefore not have access to the same level of technology, as the technology and the miniaturisation required for portability is often expensive. For smaller clinics, rural healthcare facilities, or hospitals in developing countries, the expense can be hard to justify, especially with many battling ever-tightening budgets. Moreover, there is a huge part of budget for maintenance and training as well. The high costs can also slow the adoption of these devices in lower-income regions or in smaller medical facilities that may already have tight budgets. As a result, providers are reluctant to put money into a portable ultrasound modality.
By Type
In 2023, the portable ultrasound market was dominated by the built-in console segment with a 79% revenue share. Several factors contribute to this supremacy such as the segment holds better image rendition abilities, advanced features, and broader applications as compared to the handheld devices. B-portable ultrasound systems have a built-in console, and find their niches in wards, emergency departments and hospital out-pt clinics, which are more modular than transportable but less portable than the true, point-of-care devices. From a report by the National Center for Health Statistics, the number of an ultrasound procedures performed in the United States is steadily increasing, most ultrasound procedures are performed with built-in-console ultrasound systems. They are most widely used in hospital radiology departments, outpatient clinics, and in-site imaging centers. Another reason built-in-console segment covered a larger market share is the acceptance of built-in console in market and preference among numerous healthcare provides for systems that come with an existing workflow.
Accordingly, relentless government efforts to develop the diagnostic capabilities of hospital facilities have also been often markedly accompanied by considerablly accelerated procurement of options like built-in-console portable ultrasound systems. As a case in point, the U.S. Department of Veterans Affairs has been outfitting its medical centers with new portable probably ultrasound systems to better treat veterans. Driving the segment's growth is an endless cycle of technological development, including the introduction of AI-assisted imaging and integrated workflow element designed to improve diagnostic precision and efficiency.
By end user
In 2023, the hospital's segment accounted for the largest share of the market, as hospitals have a higher patient volume, greater breadth and depth of specialties, and more financial resources. In 2023, the US had about 6,093 hospitals, which are carrying out millions of ultrasound procedures every year. When hospitals acquire many ultrasound devices for their different departments such as emergency rooms, intensive care units, and specialized clinics, it complexifies their purchases, operations, and reviews. According to the U.S. Centers for Medicare & Medicaid Services, outpatient hospital visits, including a large number of diagnostic imaging, have been climbing with regularity for the last 10 years.
Nevertheless, the clinic segment is expected to grow at a very healthy rate throughout the forecast period. owing to growing trend of outpatient care and the surge in specialized diagnostic centers. According to data from the CDC's National Ambulatory Medical Care Survey, the use of imaging in office-based physician practices and ultrasound procedures has increased dramatically. Reasons behind this outpatient migration include more affordable healthcare expenses, patient convenience, and miniaturized sonography technology that is able to provide excellent diagnostic images in multiple locations, including smaller practices.
The North America region dominated the portable ultrasound market in 2023, which held an approximate share of 35% of the total market share of portable ultrasound across the globe. The region's superior healthcare system, high healthcare expenditure, and early uptake and penetration of technologically advanced medical devices have attributed to this leadership position. U.S. healthcare spending cost $4.3 trillion in 2023, according to the Centers for Medicare & Medicaid Services, much of it on diagnostic imaging. In addition, growing research and development in ultrasound along with top ultrasound devices manufacturers in the region helps in the increasing market share in others market.
On the other hand, the market in the Asia-Pacific region is anticipated to witness the highest CAGR over the forecast period. The phenomenal growth of this region can be attributed to improving healthcare infrastructure, rising healthcare expenditure, and a large patient population. The implementation of the Healthy China 2030 plan introduced by the Chinese government to upgrade medical devices in hospitals across the country is also expected to drive the rapid growth of portable ultrasound devices. Demand for portable ultrasound in rural healthcare in India has increased after the National Health Mission stressed improving maternal and child health. Meanwhile, burgeoning demand for healthcare services to meet the needs of Japan's rapidly aging population including government initiatives to address healthcare issues arising from this demographic trend are also fuelling growth in the region. Moreover, the increasing prevalence of chronic diseases, combined with rising awareness of early diagnosis in South Korea and Australia, is driving the growth of the portable ultrasound device market in the Asia-Pacific region.
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| Report Attributes | Details |
|
Market Size in 2023 |
US$ 2.6 billion |
|
Market Size by 2032 |
US$ 6.8 billion |
|
CAGR |
CAGR of 11.3% From 2024 to 2032 |
|
Base Year |
2024 |
|
Forecast Period |
2024-2032 |
|
Historical Data |
2020-2022 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
|
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
GE Healthcare, Philips Healthcare, Siemens Healthineers, Canon Medical Systems, Samsung Medison, Mindray Medical International, Fujifilm SonoSite, Esaote, Clarius Mobile Health, Butterfly Network, Inc. |
|
Key Drivers |
|
|
Market Restraints |
• Portable Ultrasound devices are costly as compare to traditional devices in the market. |
Ans. The projected market size for the Portable Ultrasound Market is USD 6.8 Billion by 2032.
Ans: The Built-in-console type segment dominated the Portable Ultrasound Market
Ans:
Ans. The CAGR of the Portable Ultrasound Market is 11.3% During the forecast period of 2024-2032.
Ans: The North American region dominated the Portable Ultrasound Market in 2023.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Device Volume, by Region (2020-2032)
5.2 Prescription and Usage Trends, by Region (2023)
5.3 Healthcare Spending, by Region (Government, Commercial, Private, Out-of-Pocket), 2023
5.4 Adoption Rates and User Demographics (2023)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Portable Ultrasound Market Segmentation, By Type
7.1 Chapter Overview
7.2 Built-in-console
7.2.1 Built-in-console Market Trends Analysis (2020-2032)
7.2.2 Built-in-console Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Touchscreen
7.3.1 Touchscreen Market Trends Analysis (2020-2032)
7.3.2 Touchscreen Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Portable Ultrasound Market Segmentation, By Application
8.1 Chapter Overview
8.2 Obstetrics/Gynecology
8.2.1 Obstetrics/Gynecology Market Trends Analysis (2020-2032)
8.2.2 Obstetrics/Gynecology Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Cardiology and Vascular
8.3.1 Cardiology and Vascular Market Trends Analysis (2020-2032)
8.3.2 Cardiology and Vascular Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Abdominal and Gastrointestinal
8.4.1 Abdominal and Gastrointestinal Market Trends Analysis (2020-2032)
8.4.2 Abdominal and Gastrointestinal Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Musculoskeletal
8.5.1 Musculoskeletal Market Trends Analysis (2020-2032)
8.5.2 Musculoskeletal Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Urology and Nephrology
8.6.1 Urology and Nephrology Market Trends Analysis (2020-2032)
8.6.2 Urology and Nephrology Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Portable Ultrasound Market Segmentation, By End-user
9.1 Chapter Overview
9.2 Hospitals
9.2.1 Hospitals Market Trends Analysis (2020-2032)
9.2.2 Hospitals Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Clinics
9.3.1 Clinics Market Trends Analysis (2020-2032)
9.3.2 Clinics Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Portable Ultrasound Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.2.4 North America Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.5 North America Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.2.6.2 USA Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.6.3 USA Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.2.7.2 Canada Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.7.3 Canada Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.8.3 Mexico Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Portable Ultrasound Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.6.3 Poland Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.7.3 Romania Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Portable Ultrasound Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.5 Western Europe Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.6.3 Germany Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.7.2 France Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.7.3 France Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.8.3 UK Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.9.3 Italy Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.10.3 Spain Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.13.3 Austria Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Portable Ultrasound Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.5 Asia Pacific Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.6.2 China Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.6.3 China Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.7.2 India Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.7.3 India Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.8.2 Japan Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.8.3 Japan Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.9.3 South Korea Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.10.3 Vietnam Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.11.3 Singapore Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.12.2 Australia Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.12.3 Australia Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Portable Ultrasound Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.5 Middle East Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.6.3 UAE Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Portable Ultrasound Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.2.4 Africa Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.5 Africa Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Portable Ultrasound Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.6.4 Latin America Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.5 Latin America Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.6.3 Brazil Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.7.3 Argentina Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.8.3 Colombia Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Portable Ultrasound Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Portable Ultrasound Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Portable Ultrasound Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11. Company Profiles
11.1 GE Healthcare
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Philips Healthcare
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Siemens Healthineers
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Canon Medical Systems
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Samsung Medison
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Mindray Medical International
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Fujifilm SonoSite
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Esaote
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Clarius Mobile Health
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Butterfly Network, Inc.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Type
Built-in-console
Touchscreen
By Application
Obstetrics/Gynecology
Cardiology and Vascular
Abdominal and Gastrointestinal
Musculoskeletal
Urology and Nephrology
By End User
Hospitals
Clinics
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Healthcare IT Integration Market was valued at USD 4.43 billion in 2023 and is expected to reach USD 12.97 billion by 2032, and grow at a CAGR of 12.69%.
The In-situ Hybridization Market was valued at USD 1.82 billion in 2023 and is expected to reach USD 3.43 billion by 2032, growing at a CAGR of 7.33% from 2024-2032.
Hereditary Testing Market Size was valued at USD 7.1 Billion in 2023 and is expected to reach USD 14.6 Billion by 2032, growing at a CAGR of 8.3% over the forecast period 2024-2032.
The Wound Closure Market is projected to grow from USD 15.17 billion in 2023 to USD 26.63 billion by 2032, at a CAGR of 6.47%.
Airway Disease Treatment Market was valued at $ 2.23 billion in 2023 and is expected to reach $ 3.54 billion by 2032, growing at a CAGR of 5.29% from 2024-2032.
Next-generation Sequencing (NGS) Data Analysis Market was valued at USD 791.07 million in 2023 and is expected to reach USD 4211.15 million by 2032, growing at a CAGR of 19.93% from 2024-2032.
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