Portable Ultrasound Device Market Is Driven by Growing Occurrence of Chronic Disorders

The global portable ultrasound device market is projected to be worth USD 3,488.3 million by 2030, growing at a CAGR of 7.2%. This growth can be credited to the growing occurrence of chronic syndromes and the growing acceptance of portable ultrasound systems.

For example, in the U.S., around 6 in 10 adults are going through at least one chronic illness and 4 in 10 have two or more illnesses. Furthermore, among all chronic syndromes, cancer, and heart illnesses are responsible for a major share. The cancerous cell development can be spotted and differentiated between malignant and benign by using these devices.

North America is dominating the portable ultrasound device market, and the region is also projected to remain dominant in the future as well. This can be credited to the existence of a huge count of hospitals and the introduction of new items by major players in the region.

Furthermore, the growing frequency of chronic illnesses, the rising government and private investments in research and development in ultrasound imaging, and the existence of a huge number of skilled healthcare professionals are the major factors boosting the development of the regional market.

Portable Ultrasound Devices Market

In recent years, the cart/trolley-based ultrasound systems held the largest share in the industry and the category is also projected to advance in a similar manner in the coming few years.

This is mainly because of the growing acceptance of such systems in emergency care for critical patients. Additionally, these aid in a fast diagnosis and deliver precise results, and there is no requirement to transfer patients in case of severe sickness.

The industry is segmented into general imaging, gynecology, cardiology, vascular, and others, on the basis of applications. The radiology category leads the market, credited to the growing acceptance of ultrasound devices for the analysis of numerous chronic disorders and the growing occurrence of cancer and heart problems.

The hospitals, surgical, and diagnostic imaging centers category leads the industry. This is mainly because most of the ultrasound measures are conducted in hospitals, because of the high footfall of chronic patients.

Furthermore, deep-rooted infrastructure, the presence of a huge count of hospitals, the growth in the acceptance of non-invasive procedures, and the launch of cutting-edge portable systems in such healthcare amenities are enhancing the market development in this category.

The occurrence of numerous chronic illnesses, like heart disease, cancer, arthritis, and diabetes is growing swiftly. Among all, heart illnesses are the most common, followed by cancer.

Hence, the growing occurrence of chronic syndromes and the growing acceptance of portable ultrasound systems are the major factors propelling the portable ultrasound device market. 

SOURCE: P&S Intelligence