(PharmaNewsWire.Com, December 07, 2017 ) According to the report, the Global Portable Ultrasound Industry publishes the Market Data Forecast. The Global Industry has been estimated USD 3.39 billion in 2016 and estimated to be growing at a CAGR of 7.4%, to reach USD 4.84 billion during the forecast period from 2016-2021
Portable ultrasound systems have gained attention into the point-to-care market and further these devices can expand their approach into various other emerging markets. Point-to-care is an area where a medical professional is in direct contact with the patient.
The portable ultrasound market has prospered over the past years. The approach of portable ultrasound lies in the prospect of using the technology wherever needed to get a fast and precise read on a patient’s condition. Portable systems are not intended for high performance but these devices need only to provide the basics to fulfil the requirements. GE Healthcare entered the market with its device VScan and Fujifilm rushed the market with advanced device like Sonosite.
The point-to-care market is well pierced, and the portable ultrasound market as a whole endures to show robust growth. Major drivers for the portable ultrasound market are collective public-private investments, rising patient population base for chronic and lifestyle-related disorders, growing market demand for minimally invasive diagnostic and therapeutic techniques and increasing geriatric population. Major drawback of this technique is that increased connectivity via internet between medical devices and hospitals increases the risk of confidential patient data being hacked and used for illegal purposes.
The global portable ultrasound market is segmented on the basis of type of devices into Mobile Ultrasound Device and Hand-held Ultrasound Device. Based on application, market is segregated into Cardiovascular Portable Ultrasound Device, Obstetrics and Gynecology Portable Ultrasound Device, Gastric Portable Ultrasound Device and Musculoskeletal Portable Ultrasound Device. By End Users the market is bifurcated into hospitals and diagnostics center. The Mobile ultrasound devices segment is anticipated to account for the largest share of the ultrasound market. Cardiology application is expected to be the fastest growing segment during forecast period.
Based on geography the market is analyzed under various regions namely, North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. Europe accounts for the largest market share globally of the portable ultrasound market followed by North America. Asia-Pacific is poised to be the fastest-growing region in the ultrasound market during the forecast period, due to substantial growth and modernization of the healthcare infrastructure.
Fujifilm Holdings Corporation (Japan), Analogic Corporation (U.S.), Esaote S.p.A. (Italy), Koninklijke Philips N.V. (Netherlands), Toshiba Corporation (Japan), Siemens AG (Germany), General Electric Company (U.S.), Samsung Electronics Co., Ltd. (South Korea), Hitachi Ltd. (Japan) and Mindray Medical International Ltd. (China) are some of the key players in the global ultrasound market.
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