Key Opportunities : Smartphone-linked Ultrasound Probes Market - Global Industry Analysis, Trends and Forecast 2017 - 2025

Technological advancements have a major impact on sonography and other medical diagnostics. Ultrasound refers to sound waves which produce a higher frequency than what a human ear is capable of hearing. Ultrasound transducers are devices generating sound waves which bounce off of the body tissues and create echoes which are then sent to a computer which converts them into a picture called a sonogram. Smartphone-linked ultrasound probes are characterized as devices which can be connected to Android-based smartphones. These are small handheld devices, mostly wireless, which transfer data onto a smartphone to enable gray-scale image visualization.

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Rising demand for technologically advanced medical diagnostic tools by physicians & patients and FDA clearance for these devices are major factors driving the market for smartphone-linked ultrasound probes. However, their high cost compared to that of traditional ultrasound devices and slow rate of adoption by physicians in rural areas are expected to restrain the market during the forecast period.

The global smartphone-linked ultrasound probes market has been segmented on the basis of end-user into the following categories: hospitals, clinics, ambulatory surgical centers, and others. Hospitals dominated the global smartphone-linked ultrasound probes market in 2016 which is attributed to the miniaturization of the diagnostic devices by manufacturers and the rising rate of hospitalization in developing economies. Clinics are likely to witness a high CAGR during the forecast period owing to the rising adoption of technologically innovative medical diagnostic tools and the quick & precise output offered by them. The growing need for point-of-care testing & emergency care and the increasing usage of smartphones are major factors estimated to propel the hospitals segment during the forecast period.

Based on application, the global smartphone-linked ultrasound probes market is divided into the following groups: cardiology, gynecology, urology, cerebrovascular, abdominal, and others. Gynecological examinations held a prominent market share in 2016 owing to the digital compatibility of the device, the precise output needed, and the shifting preference toward preventive health care. Cardiology and urology are projected to report high CAGRs during the forecast period due to the rising prevalence of cardiac disorders and increasing investments in the invention & manufacturing of miniaturized diagnostic tools.

In terms of product type, the global smartphone-linked ultrasound probes market is split into the iPhone (IOS)-based, Windows-based, and Android-based varieties. The Android-based segment constituted a prominent market share in terms of revenue owing to the launch of Lumify transducers – the Android-based ultrasound probes by Philips – in January. However, iPhone-based ultrasound probes are anticipated to indicate a major CAGR owing to the rising number of iPhone (IOS) users. Emerging players in the regional markets and the massive pool of Android users are major drivers of this segment.

Geographically, the global smartphone-linked ultrasound probes market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the market in 2016 owing to the presence of key players in the U.S. & Canada and the rising demand for self-diagnostic & handheld ultrasound devices in the region. However, the market in Asia Pacific is estimated to denote a higher CAGR during the forecast period on account of the rising prevalence of vital cardiovascular diseases and growing government funding to promote the manufacturing of hand-held & compact diagnostic tools. The USFDA approval for smartphone-linked ultrasound probes is predicted to motivate the market in North America by 2025.

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Key players operating in the global smartphone-linked ultrasound probes market include Koninklijke Philips N.V., Esaote SpA, Healcerion, Inc., FUJIFILM SonoSite, Inc., Mobisante, Inc, Clarius Mobile Health, Interson Corporation, and GE Healthcare. Incorporation of multiple features in the devices & reducing their size are the trends being adopted by the manufacturers in global market.

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This release was published on openPR.