Press release
Portable Ultrasound Equipment Market is Poised to Grow at a CAGR of 6.8% to Reach US$ 4.68 Billion by 2035
Portable Ultrasound Equipment Market
The portable ultrasound devices market grew rapidly in 2024 on the back of growing demand for point-of-care diagnosis and expanding emphasis on non-invasive and real-time image solutions. Clinical adoption accelerated across emergency care departments, outpatient facilities, and rural healthcare organizations, where convenience and rapid diagnosis became increasingly critical.
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Segment-Wise Analysis
By Application
The cardiovascular application will likely be the most lucrative segment during the years 2025-2035, driven by the rising global prevalence of heart diseases and the need for early, non-invasive diagnostics. As cardiac-related illness remains a leading cause of morbidity and mortality throughout the world, the demand for real-time imaging for diagnosis, monitoring of treatment, and pre-surgical planning will keep expanding.
By Product Type
Portable ultrasound devices are expected to be the most lucrative segment for investors in the forecast period. This is mainly driven by their portability, affordability, and the increasing demand for point-of-care diagnosis, especially in emergency departments, rural health, and home care.
By End User
Hospitals will be the highest-revenue segment during 2025 to 2035. This is due to the rising demand for point-of-care imaging throughout hospital departments such as emergency departments, intensive care units (ICUs), and operating rooms. As hospitals make greater use of portable ultrasound machines for immediate, real-time diagnosis, especially in critically ill patients, this segment will be witnessing high growth.
Country-Wise Analysis
The USA portable ultrasound equipment market will experience robust growth from 2025 to 2035 based on the escalating demand for point-of-care diagnosis and expansion in telemedicine. Owing to the rise in population aging and the epidemic-like spread of diseases like cardiovascular disease, cancer, and diabetes, healthcare practitioners require more efficient, portable, and diagnostic imaging solutions.
China's demographics are fuelled by its vast population, aging population, and the country's growing focus on bringing its healthcare system up to date. The increasing prevalence of chronic conditions such as heart disease, stroke, and cancer is fueling demand for mobile diagnostic technology. Heavy investments by the government in the healthcare infrastructure, particularly in rural and remote areas, will fuel industry growth since portable ultrasound machines provide an affordable method of expanding access to diagnostic imaging.
As per Fact.MR the industry in South Korea's industry will be expanding at CAGR of 7.3% in the course of assessment. South Korea's portable ultrasound market is going to witness huge growth due to the highly sophisticated healthcare system in the country and a rise in demand for mobile diagnostics.
Competitive Landscape
The portable ultrasound device market is fairly consolidated with the key players like GE Healthcare, Philips Healthcare, Siemens Healthineers, and Butterfly Network holding significant share in the market. Presence of innovative startups and regional players brings in competitiveness and dynamism in the business landscape.
Industry players are battling by combining strategies like price points, technology innovation, partnership formation, and business expansion. Price strategies have been realigned across segments, with several product offerings ranging from low-end models at affordable prices to high-end products with advanced features. Technology is also a key area of emphasis, with companies investing in the integration of artificial intelligence, wireless capabilities, and improved imaging capability for differentiation.
Recently in 2024, GE Healthcare unveiled the Venue SprintTM, a portable ultrasound system aimed to enhance point-of-care ultrasound (POCUS) capabilities. The system integrates advanced AI-enabled tools and offers simple connectivity through the Vscan AirTM handheld ultrasound system, seeking to enhance workflow efficiency in the clinical setting.
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Key Players
EchoNous, Inc.
Terason(a subsidiary of Teratech Corporation)
Verathon, Inc.
Esaote SpA
Clarius Mobile Health
Mindray Medical International Limited
Samsung Healthcare(part of Samsung Medison)
Healcerion Co., Ltd.
Sonoscanner
CHISON Medical Technologies
Medgyn Products, Inc.
Promed Technology Co., Ltd.
Segmentation
Segmentation by Application:
Radiology
Gynecology
Musculoskeletal
Cardiovascular
Gastrointestinal
Others
Segmentation by Product:
Cart/Trolley-based Ultrasound Devices
Handheld Ultrasound Devices
Segmentation by End User:
Hospitals
Diagnostic Centers
Ambulatory Care Centers
Others
Segmentation by Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East and Africa (MEA)
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