PUBLISHER: Orion Market Research | PRODUCT CODE: 1527054
PUBLISHER: Orion Market Research | PRODUCT CODE: 1527054
Portable Ultrasound Bladder Scanner Market Size, Share & Trends Analysis Report by Product Type (2D and 3D), and by End-Use (Hospitals, Diagnostic Imaging Centers, and Clinics), Forecast Period (2024-2031)
Portable ultrasound bladder scanner market is anticipated to grow at a CAGR of 8.4% during the forecast period (2024-2031). A portable ultrasound bladder scanner is a medical device used for non-invasive and painless assessment of the urinary bladder's volume. A major factor supporting the market growth is the increasing prevalence of urinary tract disorders and urological conditions globally. As the aging population continues to grow and medical advancements enable better diagnosis and treatment, the demand for non-invasive and accurate diagnostic tools like portable ultrasound bladder scanners is rising. These devices offer healthcare professionals a convenient and efficient way to assess bladder volume and detect urinary retention or other bladder abnormalities without the need for invasive procedures.
Market Dynamics
Rising Incidence of Urinary Disorders Boosts Demand for Portable Ultrasound Bladder Scanners
The rising incidence of urinary disorders, such as urinary incontinence, urinary retention, and bladder cancer, is driving the demand for portable ultrasound bladder scanners. An aging global population and the increasing prevalence of conditions such as diabetes and prostate enlargement, which can lead to bladder dysfunction, further contribute to this demand. For instance, according to data published by the National Cancer Institute (NCI), in December 2022, bladder cancer remained a significant health concern in the US, with 81.1 thousand new cases recorded in 2021. This underscores the importance of continued research and technological advancements in urological diagnostics and treatment.
Growing Awareness Among Healthcare Professionals Drives the Adoption of Portable Ultrasound Bladder Scanners
There is an increasing awareness among healthcare professionals about the benefits of portable ultrasound bladder scanners. These devices offer a non-invasive, quick, and accurate method for assessing bladder volume, reducing the need for catheterization and lowering the risk of infections and complications associated with invasive procedures. For instance, in September 2021, the European Association of Urology (EAU) launched the "Urology Week" campaign, aimed at raising awareness and educating the public about various urological diseases. This initiative highlights the importance of proactive healthcare measures and early detection in managing urological conditions.
Market Segmentation
3D is Projected to Emerge as the Largest Segment
The 3D segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth includes the significant enhancement of diagnostic accuracy and imaging capabilities. 3D ultrasound provides detailed, three-dimensional views of the bladder, allowing for precise assessment and improved detection of urological conditions. This technology offers non-invasive, efficient diagnostics, reducing the need for invasive procedures.
Diagnostic Segment to Hold a Considerable Market Share
The diagnostic segment is poised to hold a considerable market share due to its critical role in accurately identifying and monitoring urological conditions. These portable bladder scanners are essential for non-invasive diagnostics, offering healthcare professionals a reliable method to measure bladder volume and detect urinary retention without the need for catheterization. The increasing prevalence of urinary disorders, especially among the aging population, drives the demand for effective diagnostic tools and also the convenience and ease of use of portable bladder scanners make them highly valuable in various healthcare settings, including hospitals, clinics, and home care, enhancing patient comfort and clinical efficiency. For instance, in January 2023, Signostics unveiled its latest innovation, the SignosRT Bladder Scanner, a handheld device designed to utilize ultrasound technology for the automatic and non-invasive calculation of bladder volume. This portable unit aids healthcare providers in identifying patients who may require catheterization, offering a convenient and efficient solution for bladder volume assessment.
The global portable ultrasound bladder scanner market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific Emerges as the Fastest-Growing Market
Asia-Pacific is the fastest-growing market due to several driving factors including rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations have led to significant advancements in healthcare infrastructure. The increasing prevalence of urological disorders, coupled with a growing aging population, heightens the need for effective diagnostic tools. Additionally, rising healthcare expenditure and government initiatives to improve healthcare access further stimulate market growth.
North America Holds Major Market Share
Among all the regions, North America holds a significant share due to advanced healthcare infrastructure and the high adoption rate of innovative medical technologies play a significant role. Additionally, the increasing prevalence of urological disorders and a growing aging population necessitate reliable diagnostic tools, driving demand for portable ultrasound bladder scanners. For instance, in November 2023, Laborie Medical Technologies Corp. made a strategic investment in Bright Uro, a company specializing in the manufacture of the Glean Urodynamic System(TM). This partnership reflects Laborie's commitment to advancing urology diagnostics and underscores the growing significance of innovative technologies in the field.
The major companies serving the global portable ultrasound bladder scanner market include Roper Technologies, Inc., Becton, Dickinson and Co. (BD), Butterfly Network, Inc., GE Healthcare, and Mobile Health Corp., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in September 2021, Lilium Otsuka Co. Ltd., a subsidiary of Otsuka Pharmaceutical Factory Inc., introduced the Lilium-SPOT2 device, designed to assist in predicting urination timing. This healthcare appliance utilizes ultrasonic waves to enable users to conveniently monitor bladder urine accumulation levels, providing valuable insights into bladder health and management.