(MENAFN- GlobeNewsWire - Nasdaq) The U.S. handheld ultrasound scanner market is set to grow at a 2.5% CAGR through 2034, driven by integration with mobile health apps, rising preventive healthcare screens, and demand for portable diagnostics. Discover with FMI Why Handheld Portable Ultrasound Scanners Are Safer and Better than Conventional Wired Scanners!
NEWARK, Del, Aug. 02, 2024 (GLOBE NEWSWIRE) -- The global handheld ultrasound scanner market is anticipated to surpass USD 511.8 million in 2024 and is likely to attain a valuation of USD 750.3 million by 2034. The handheld ultrasound scanner market size is projected to expand at a CAGR of 3.90% from 2024 to 2034.
Manufacturers of handheld ultrasound scanners have great potential as telemedicine and remote patient monitoring become more prevalent. Healthcare practitioners can reach a wider audience through these tools and capitalize on the expanding telehealth solutions industry. Businesses can satisfy the growing demand for remote diagnoses and consultations by providing handheld ultrasound scanners with telemedicine capabilities. This can boost their market share and income streams.
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The focus on screening programs and preventative care offers manufacturers of handheld ultrasound scanners a chance to fill gaps in the healthcare industry. Companies can present themselves as partners in preventive healthcare programs and drive consumer uptake and market penetration by creating equipment specifically designed for rapid and focused screenings. The commercial relevance and competitiveness of portable ultrasound scanners are increased by this deliberate focus on preventative care, which aligns with changing healthcare trends and regulatory requirements.
Handheld ultrasound scanners are becoming a trend among physicians and non-radiologists, and the device provides ease of usage by connecting via Bluetooth or Wi-Fi with the concerned devices such as mobile phones or tablets. Handheld ultrasound devices enable quick and simple picture transmission to any medical facility and offer better connectivity systems.
Over the forecast period, it is estimated that favorable government policies for start-up businesses such as the establishment of new manufacturing facilities and novel medical device manufacturing by top players in emerging nations, will fuel the expansion of the market.
Manufacturers are concentrating more on developing handheld ultrasound scanners since these devices feature crystal-to-patient technology, which improves ultrasound wave penetration and produces a sharp and clear echo that generates precise images, in consideration of patient comfort. This lucrative factor would further boost sales in the global handheld ultrasound scanners market
Key Takeaways from the Handheld Ultrasound Scanner Market Report:
The global handheld ultrasound scanner market size expanded at an 8.7% CAGR from 2019 to 2023. The color scanner segment holds 61% of market shares in 2024. The hospitals segment captured 37% of market shares in 2024. The market size in the United States is projected to rise at a 2.5% CAGR through 2034. The market size in Germany is anticipated to develop at a 1.50% CAGR through 2034. The market size in Malaysia is estimated to surge at a 4.7% CAGR through 2034. The market size in India is expected to increase at a 5.70% CAGR through 2034.
Which are the Factors Restraining the Demand for Handheld Ultrasound Scanners?
The high price of portable ultrasound scanners is anticipated to impede market expansion. Surgery and non-invasive urological therapies are particularly costly, making them exorbitantly expensive for those in the middle- and lower-income groups. Additionally, non-invasive treatments need multiple sessions to produce the right outcomes, which would drive the entire cost of the procedure and will hinder growth in the handheld ultrasound scanners market.
It is less accurate to measure greater bladder volumes with a portable ultrasound bladder scanner, which is anticipated to restrain market expansion. Ultrasound scanners help to insert the needle into internal body parts. Due to false detection, there are chances of inserting a needle into the wrong place, and this could potentially cause instances of mortality. These limitations together can affect the market on a global scale and will hinder expansion over the projected period.
Competitive Landscape:
The handheld ultrasound scanner market is intensely competitive, featuring prominent players such as GE Healthcare, Siemens Healthineers, and Philips Healthcare leading due to product innovation and brand reputation. Startups add to the vitality by proposing specific solutions. Telehealth integration, business alliances, and regulatory compliance are critical battlegrounds. In the regional context, particularly in Asia, local businesses adjust their products to meet unique market demands.
Recent Developments:
In January 2024, Clarius Mobile Health announced the release of their breakthrough Clarius PAL HD3 wireless portable whole-body ultrasound scanner in Australia. Clarius is as tiny as an iPhone and works with iOS and Android cellphones, enabling simple patient transfers. In September 2023, Exo introduced an AI-powered Iris System. Iris' portable probe has a 150-degree field of view, which the developer says can encompass a full liver or fetus and a depth of 30 centimeters. In August 2023, GE Healthcare introduced Vscan Air SL, a dual-headed, handheld, wireless ultrasound imaging system designed for rapid cardiac and vascular assessments at the point of care and CardioVisio. This digital tool assists clinicians in making treatment decisions for patients with atrial fibrillation (AF).
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Note from the Analysts:
"Success in the quickly changing handheld ultrasound scanner market depends on technology innovation, strategic partnerships, and technological agility. The three main factors that drive market influence are customization, regulatory compliance, and integration with telemedicine systems. To prosper in this dynamic environment, manufacturers must remain flexible to adapt to shifting consumer demands and legal obligations." opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).
Key Players in the Handheld Ultrasound Scanner Market:
GE Healthcare Siemens Healthineers Philips Healthcare Fujifilm Holdings Corporation Canon Medical Systems Corporation Hitachi, Ltd. Samsung Medison Mindray Medical International Limited Esaote S.p.A. Clarius Mobile Health
Handheld Ultrasound Scanner Market Segmentation:
By Modality:
By Display:
Black & White Display Color Display
By End User:
Hospitals Diagnostic Centers Ambulatory Surgical Centers Others
By Region:
North America Latin America Western Europe Eastern Europe Asia Pacific (APAC) Middle East & Africa (MEA) Japan
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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