Growing Portable Ultrasound Market projected to reach USD 6.8 billion by 2032
From GlobeNewswire: 2025-01-31 09:40:00
The global Portable Ultrasound Market was valued at USD 2.6 billion in 2023 and is projected to reach USD 6.8 billion by 2032, growing at a CAGR of 11.3%. The market is driven by the need for non-invasive diagnostic tools and the growing adoption of portable ultrasound devices in various clinical settings.
The increasing focus on lowering healthcare costs is driving the adoption of portable ultrasound systems globally. New technologies like AI and ML are improving diagnostic accuracy, and over 50 FDA-approved AI-driven ultrasound systems were released between 2020 and 2023. Major players in the market include GE Healthcare, Philips Healthcare, and Siemens Healthineers.
In 2023, North America held the largest revenue share of the Portable Ultrasound Market at 36.0% due to its well-developed healthcare infrastructure and growing focus on cost reduction. The Asia-Pacific region is also experiencing growth in the market due to improving healthcare infrastructure and increasing demand for portable ultrasound devices.
The market is segmented by type, application, and end user, with the built-in console segment being the largest revenue contributor in 2023. Hospitals accounted for the larger share of the market due to the increasing demand for real-time diagnostic tools in emergency and routine care settings. Healthcare systems in China, India, Japan, and other countries are embracing portable diagnostic tools to handle the increasing number of patients. GE Healthcare’s Vscan Air, a pocket-sized portable ultrasound system with advanced imaging, was launched in January 2024. Philips also introduced a mobile app update for its Lumify ultrasound system in September 2023, allowing remote sharing of imaging results with specialists. The FDA approved multiple portable ultrasound systems with AI image interpretation tools in 2023, indicating a shift towards AI-powered diagnostic imaging.
The portable ultrasound market analysis and outlook report for 2024-2032 is available for purchase as a single-user PDF. The report covers major key points such as market dynamics impact analysis, statistical insights, competitive landscape, regional analysis, company profiles, and use cases. SNS Insider, a leading market research and consulting agency, aims to provide clients with current and accurate market data, consumer insights, and opinions to make informed decisions in changing circumstances. Visit the link for more details on the report.
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