Global Portable Ultrasound Devices Market, By Device Type (Mobile Ultrasound Device, Handheld Ultrasound Device), By Application (Musculoskeletal, Obstetrics and Gynaecology, Cardiovascular, Gastric, Others) By End-user (Hospitals and Clinics, Ambulatory Care Center, Diagnostic Center, Others), and opportunities and forecast 2020-2027
Portable Ultrasound Devices Market Overview
The global portable ultrasound devices market is projected to expand at a moderate rate during the forecast period. Portable ultrasound machines are used to detect the causes of pain, swelling, and infection in the body’s internal organs and to examine a baby in pregnant women. Factors such as the growing prevalence and incidence of chronic and acute diseases and the increasing birth rate are expected to drive the global portable ultrasound devices market during the forecast period.
Moreover, technological advancements in low-cost portable ultrasound device are expected to boost the market growth. Increasing demand of lightweight portable ultrasound devices are augmenting assessment for medical and diagnostic operation.
On the downside, lack of proper medical facilities in developing regions and high cost of portable ultrasound device likely to hamper the global Portable Ultrasound Devices market during the forecast period. Furthermore, increasing demand for integration and automation in multiple processes in portable ultrasound devices offers an opportunity for the growth of the portable ultrasound devices market.
Covid-19 Impact on Portable Ultrasound Devices Market:
In addition, the current Portable Ultrasound Devices Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Portable Ultrasound Devices Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Based on device type the market is segmented into mobile ultrasound device, and handheld ultrasound device of which the mobile ultrasound device segment holds the largest share of the market due to rising advancement in technology and increasing usage of portable devices.
Based on application, market is segmented into musculoskeletal, obstetrics and gynaecology, cardiovascular, gastric, and others. Cardiovascular segment holds the largest market share in the global portable ultrasound devices market as growing prevalence of chronic deceases globally.
Based on End-user, the market is segmented into hospitals and clinics, ambulatory care center, diagnostic center, and others, of which the hospitals and clinics segment is expected to grow at the highest rate in the coming years. The increasing number of hospital admissions due to Chronic Obstructive Pulmonary Diseases (COPD) is also a major factor that’s driving the demand for Portable Ultrasound Devices.
Portable Ultrasound Devices Market, By Device Type
· Mobile Ultrasound Device · Handheld Ultrasound Device
Portable Ultrasound Devices Market, By Application
Region-wise, North America dominated the global Portable Ultrasound Devices market and is expected to continue its dominance during the forecast period. Factors such as advanced technology, rising awareness among people about the diagnosis of the disease, and high health care expenditure propel the growth of the market in North America. Similarly, Asia-Pacific is also expected to grow at the highest CAGR at the global market owing to well-established health care infrastructure, public growing awareness levels as well as rising disposable incomes in the region. Additionally, both regions show a high market share for Portable Ultrasound Devices owning to the various awareness programs conducted by governments, organizations, and companies to improve treatment options for COPD.
Portable Ultrasound Devices Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)