PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682809
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682809
The global portable ultrasound device market is experiencing significant growth, driven by the rising prevalence of chronic disorders and the increasing adoption of portable ultrasound systems. In 2024, the market size is estimated at USD 5.3 billion and is projected to reach USD 7.6 billion by 2032, advancing at a compound annual growth rate (CAGR) of 4.7% during the forecast period.
This growth is primarily attributed to the increasing incidence of chronic diseases, such as cancer and heart diseases, which require effective diagnostic and therapeutic methods. In the U.S., about 6 in 10 adults suffer from at least one chronic disorder, and 4 in 10 have two or more disorders.
Key Insights
The market is segmented into diagnostic and therapeutic portable ultrasound devices. Diagnostic devices are expected to hold a larger share due to their extensive use in point-of-care applications, such as cardiac and abdominal imaging.
Recent innovations include contrast-enhanced ultrasound, an emerging technology used for cardiac and abdominal imaging to provide real-time imaging. These advancements enhance the capabilities of portable ultrasound devices, making them more effective in early disease detection.
The shift toward point-of-care diagnosis is supporting the demand for portable ultrasound devices. These devices allow routine bedside scanning, reducing time and cost associated with diagnosis, and are particularly valuable in home and emergency care settings.
North America holds the largest market share, attributed to the high prevalence of chronic diseases and the presence of advanced healthcare infrastructure. The Asia-Pacific region is anticipated to witness the fastest growth, driven by increasing healthcare expenditure and the rising adoption of advanced diagnostic technologies.
The increasing prevalence of chronic disorders, such as cancer and heart diseases, boosts the adoption of effective diagnostic and therapeutic methods, driving the demand for portable ultrasound systems for early detection.
The lack of skilled professionals, such as sonographers, hampers the efficient usage of portable ultrasound technology. Sonographers are required to have specialized skills and education to analyze, view, modify, and optimize scans for required information.