Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Portable Ultrasound Market to reach USD 6.43 billion by the end of 2029

Global Portable Ultrasound Market Size study & Forecast, by Type (Built-in-console, Touchscreen) by End-user (Hospitals, Clinics) and Regional Analysis, 2022-2029

Product Code: HLSMDE-39859561
Publish Date: 25-01-2023
Page: 200

Global Portable Ultrasound Market is valued at approximately USD 2.32 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.6% over the forecast period 2022-2029. Portable ultrasound is a modality of medical ultrasonography that uses small and light devices, instead of console-style ultrasound machines. Portable ultrasound devices are highly adopted because of they are easy to access ultrasound in a limited space. It is gaining high traction in a variety of applications such as critical care medicine, musculoskeletal, and emergency medicine. Factors such as growing incorporation of advanced technologies in these systems, the rising adoption of these systems in emergency departments, coupled with the increasing incidences of various ailments such as cardiovascular diseases and cancer are driving the global market growth.

The surging demand for various diagnostic imaging devices across the healthcare sector is exhibiting a positive influence on the growth of the market. According to Statista, in 2021 the global diagnostic imaging devices segment generated revenue of around USD 42.44 billion, which is projected to reach USD 58.27 billion by 2027. Thereby, the high demand for diagnostic imaging devices is directly stipulating the demand for a portable ultrasound for precise medical imaging of numerous serious diseases or disorders. Furthermore, the rising number of product introductions, as well as growing investments in healthcare infrastructure by the government and private sector are presenting various lucrative opportunities over the forecasting years. However, the high cost of portable ultrasound systems and concerns associated with regulatory overhaul are hampering the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Portable Ultrasound Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the surging adoption of the technologically advanced portable ultrasound, along with the presence of advanced health infrastructure. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the surging demand for effective medical imaging, rising prevalence of diseases and infections, as well as increasing focus on the development of innovative products in the market space.

Major market players included in this report are:
GE Healthcare
Koninklijke Philips N.V.
FUJIFILM Sonosite, Inc.
Hitachi Ltd.
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
EDAN Instruments
Terason Corporation
CHISON Medical Technologies

Recent Developments in the Market:
 In March 2021, G.E. Healthcare declared the introduction of Vscan Air- a wireless compact ultrasound that offers crystal clear image quality and whole-body scanning capabilities.
 In August 2020, PulseNmore unveiled that the company launched of the tele-ultrasound device to lessen prenatal office visits during the pandemic, along with to helps pregnant women carry out their at-home ultrasound scans and restrictive trips to clinics or hospitals. Also, the company entered into a strategic agreement with Clalit Health Services to present tens of thousands of its pregnant members with PulseNmore’s product.

Global Portable Ultrasound Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, End-user, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
By End-user:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Portable Ultrasound Market, by Region, 2019-2029 (USD Billion)
1.2.2. Portable Ultrasound Market, by Type, 2019-2029 (USD Billion)
1.2.3. Portable Ultrasound Market, by End-user, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Portable Ultrasound Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Portable Ultrasound Market Dynamics
3.1. Portable Ultrasound Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Surging demand for various diagnostic imaging devices Growing incorporation of advanced technologies
3.1.2. Market Challenges High cost of portable ultrasound systems Concerns associated with regulatory overhaul
3.1.3. Market Opportunities Rising number of product introductions Growing investments in healthcare infrastructure by the government and private sector
Chapter 4. Global Portable Ultrasound Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Portable Ultrasound Market, by Type
6.1. Market Snapshot
6.2. Global Portable Ultrasound Market by Type, Performance – Potential Analysis
6.3. Global Portable Ultrasound Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Portable Ultrasound Market, Sub Segment Analysis
6.4.1. Built-in-console
6.4.2. Touchscreen
Chapter 7. Global Portable Ultrasound Market, by End-user
7.1. Market Snapshot
7.2. Global Portable Ultrasound Market by End-user, Performance – Potential Analysis
7.3. Global Portable Ultrasound Market Estimates & Forecasts by End-user 2019-2029 (USD Billion)
7.4. Portable Ultrasound Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Clinics
Chapter 8. Global Portable Ultrasound Market, Regional Analysis
8.1. Portable Ultrasound Market, Regional Market Snapshot
8.2. North America Portable Ultrasound Market
8.2.1. U.S. Portable Ultrasound Market Type breakdown estimates & forecasts, 2019-2029 End-user breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Portable Ultrasound Market
8.3. Europe Portable Ultrasound Market Snapshot
8.3.1. U.K. Portable Ultrasound Market
8.3.2. Germany Portable Ultrasound Market
8.3.3. France Portable Ultrasound Market
8.3.4. Spain Portable Ultrasound Market
8.3.5. Italy Portable Ultrasound Market
8.3.6. Rest of Europe Portable Ultrasound Market
8.4. Asia-Pacific Portable Ultrasound Market Snapshot
8.4.1. China Portable Ultrasound Market
8.4.2. India Portable Ultrasound Market
8.4.3. Japan Portable Ultrasound Market
8.4.4. Australia Portable Ultrasound Market
8.4.5. South Korea Portable Ultrasound Market
8.4.6. Rest of Asia Pacific Portable Ultrasound Market
8.5. Latin America Portable Ultrasound Market Snapshot
8.5.1. Brazil Portable Ultrasound Market
8.5.2. Mexico Portable Ultrasound Market
8.5.3. Rest of Latin America Portable Ultrasound Market
8.6. Rest of The World Portable Ultrasound Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. GE Healthcare Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Koninklijke Philips N.V.
9.2.3. FUJIFILM Sonosite, Inc.
9.2.5. Hitachi Ltd.
9.2.6. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
9.2.7. EDAN Instruments
9.2.8. Terason Corporation
9.2.9. CHISON Medical Technologies
9.2.10. Healcerion
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now