The global handheld ultrasound imaging devices market is projected to be over USD 1.1 billion by 2030, growing at a CAGR of 11%, claims Roots Analysis

The increasing medical diagnostic imaging burden has compelled industry players to develop advanced handheld ultrasound scanners that will enable physicians to accurately visualize all major organ systems for diagnostic purposes

Roots Analysis has announced the addition of “Global Handheld Ultrasound Imaging Devices Market, 2020-2030” report to its list of offerings.

According to industry experts, handheld ultrasound imaging devices are being adopted at a faster pace by different end-users owing to their higher efficiency and wider applicability. Further, these devices have proven to be useful in quarantining patients demonstrating symptoms of pleural wall thickening and lung congestion, a characteristic of pneumonia, as well as observed in patients suffering from the novel coronavirus (COVID-19).

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https://www.rootsanalysis.com/reports/view_document/handheld-imaging-devices/319.html

Key Market Insights

Nearly 100 handheld ultrasound imaging devices are presently available / under development
Close to 85% of the aforementioned scanners use linear and curved / convex transducer arrays. Further, to offer variations in image visualization, about 46% of these devices support more than two modes of imaging, including brightness mode (B-mode), color doppler, motion mode (M-mode), pulsed wave, power doppler and tissue harmonic mode.

70% of scanners are based on smartphone applications
Handheld devices using abovementioned type of software are primarily being used for gynecology / obstetrics (32%), urological (21%) and abdomen (12%) scanning. It is worth mentioning that customized software-based scanners are preferred in emergency medicines and hospital operating rooms, owing to their ease of handling .

Partnership activity has grown at an annualized rate of nearly 43%, between 2016 and 2019
Majority of the collaborations signed in this domain were reported to be distribution and supply agreements (over 30%). In addition, key value drivers in majority of the agreements were expansion of market reach and incorporation of advanced features in devices.

Demand for handheld ultrasound scanners is anticipated to grow at a CAGR of 12.1%, between 2020 and 2030
Presently, over 80,000 units of handheld ultrasound scanners are estimated to be used for diagnostic imaging purpose by physicians. In fact, scanners offered by Butterfly Network, Clarius Mobile Health, Fujifilm, GE Healthcare, Siemens Healthineers and Philips are estimated to cater to more than 80% of the current demand for such devices.

Handheld ultrasound scanners are estimated to enhance radiologists’ efficiency by ~10%
Owing to their light-weight, portability and advanced imaging features, these devices allow radiologists to perform more number of scans (as compared to conventional stationary devices) in a single day. In fact, by 2030, we anticipate net annual cost savings of over USD 30 billion to be brought about by the adoption of handheld ultrasound scanners.

By 2030, North America and Europe are anticipated to capture over 70% of the market opportunity
The market in European regions is anticipated to grow at a relatively faster rate (12.2%). In terms of end-users, by 2030, hospitals are likely to represent the largest share of the market, followed by ambulatory surgical centers (25%) and specialty clinics (16%).

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Key Questions Answered
Who are the leading developers of handheld ultrasound imaging devices?
What are the key application areas for handheld ultrasound imaging scanners?
What is the potential usability of handheld ultrasound scanners devices for lung scanning in COVID-19 patients?
Which partnership models are commonly adopted by stakeholders in this industry?
What is the annual global demand for handheld ultrasound imaging devices?
What is the impact of COVID-19 on the demand for handheld ultrasound imaging devices?
What is the likely cost saving potential associated with the use of handheld ultrasound imaging devices?
What are the key factors influencing the adoption of handheld ultrasound imaging scanners, among different end-users?
How is the current and future opportunity likely to be distributed across key market segments?

For additional details, please visit
https://www.rootsanalysis.com/reports/view_document/handheld-imaging-devices/319.html

The USD 1.1 billion (by 2030) financial opportunity within the handheld ultrasound imaging devices market has been analyzed across the following segments:
Application Area
Cardiac Scanning
Emergency Medicines
Gynecological / Obstetrics Scanning
Musculoskeletal Scanning
Pulmonary Scanning
Urological Scanning
Vascular Surgery
Other Application Areas

Type of Transducer Array
Curved
Endocavity
Linear
Phased
Other Scanners

Type of Software
Smartphone Applications
Customized Software

End-Users
Ambulatory Surgical Centers
Diagnostic Imaging Centers
Hospitals
Maternity Clinics
Specialty Clinics
Other End-Users

Key Geographical Regions
North America
Europe
Asia-Pacific and the Rest of the World
The report features inputs from eminent industry stakeholders, according to whom handheld ultrasound imaging devices are likely to offer lucrative market opportunities for players working in this domain. The report includes detailed transcripts of the discussions held with following industry experts:
Stefan Maas (Chief Executive Officer, SomaView)
Anais Concepcion (Director of Content and Campaign Management, EchoNous)
Zhengzheng Zhu (Oversea Business Development, PeakSonic)

The research covers brief profiles of key players engaged in the development of handheld ultrasonic diagnostic imaging devices; other popular industry players featured in the report include:
Aidmax Medical
Beijing Konted Medical Technology
Biim Ultrasound
BreastIT
CJ Medical
Guangzhou Top Medical Equipment
Healcerion
Interson Medical Instruments
Somax Systems
VINNO
WuHan Youkey Bio-Medical Electronics
Yor Labs

For additional details, please visit
https://www.rootsanalysis.com/reports/view_document/handheld-imaging-devices/319.html

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Contact:
Gaurav Chaudhary
+1 (415) 800 3415
+44 (122) 391 1091
Gaurav.Chaudhary@rootsanalysis.com

Contact:
Gaurav Chaudhary
gaurav.chaudhary@rootsanalysis.com

Roots Analysis
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sales@rootsanalysis.com
+1 (415) 800 3415
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Roots Analysis is one of the fastest growing market research companies, sharing fresh and independent perspectives in the bio-pharmaceutical industry. The in-depth research, analysis and insights are driven by an experienced leadership team which has gained many years of significant experience in this sector. If you’d like help with your growing business needs, get in touch at info@rootsanalysis.com

This release was published on openPR.