We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress hp
Sign In
Advertise with Us
GLOBETECH PUBLISHING LLC

Download Mobile App




Increasing Demand for POCUS Tests Driving Global Handheld Ultrasound Devices Market

By MedImaging International staff writers
Posted on 10 Apr 2023
Print article
Image: The global handheld ultrasound devices market is expected to grow at a CAGR of 12.2% over 2019-2030 (Photo courtesy of Freepik)
Image: The global handheld ultrasound devices market is expected to grow at a CAGR of 12.2% over 2019-2030 (Photo courtesy of Freepik)

Handheld ultrasound devices are compact, portable alternatives to cart-based devices, which are especially useful during complex medical procedures like abdominal and heart surgeries. These devices generate high-quality 2D, 3D, and 4D diagnostic images for various medical applications, including cancer, cardiac, echo, vascular, and obstetric ultrasonography. They are frequently used in Point-of-Care (PoC) settings for patients with traumatic injuries or abdominal pain due to gallbladder blockage or gallstones. Handheld ultrasound adoption is growing rapidly because it offers immediate, accurate diagnostic imaging without sacrificing precision.

The global market for handheld ultrasound devices was valued at over USD 2 billion in 2021 and is projected to grow at a CAGR of 12.2% during the 2019-30 forecast period, driven by the increasing prevalence of chronic diseases among the aging population and the rising number of patients with pulmonary artery-related disorders. These are the latest findings of Research and Markets (Dublin, Ireland), a leading source for international market research reports and market data.

Medical professionals are increasingly using handheld ultrasound devices for POCUS, enabling quick patient-care decisions in emergency medical situations. The compact size and high-quality image production of these devices have led to greater adoption by mobile medical units for rapid results. The demand for handheld ultrasound devices is rising, particularly for cancer diagnosis, as cancer was responsible for nearly one in six deaths globally in 2020. Additionally, many rural and urban medical facilities lack necessary diagnostic testing resources, making handheld ultrasound devices a strategic solution for bridging the gap in these situations. The growing elderly population and demand for geriatric medicines are also key drivers of the handheld ultrasound market, along with the increasing number of doctors and general practitioners engaging in innovative diagnosis and treatment strategies.

Despite the many advantages of handheld ultrasound devices, high product costs present a significant challenge for market growth. With the average price of a wireless handheld ultrasound device starting at USD 10,000, the product and maintenance costs of these devices can affect low-income users. Moreover, the cost of components like semiconductors and other sensors in handheld ultrasound devices can fluctuate, further impacting product costs. Another major challenge is the lack of adequate specialist knowledge, as many physicians and healthcare technicians are not properly trained to operate ultrasound devices with ease and precision.

Based on device type, the wired handheld ultrasound devices segment held the largest revenue share in 2021 due to their widespread use in hospitals and clinics, offering greater flexibility in clinical settings and POC ultrasound testing. The wireless handheld devices segment also maintained its revenue share in the handheld ultrasound devices market in 2021, with medical professionals using these devices for enhanced flexibility and accuracy. In terms of application, the abdominal screening segment held the largest revenue share in 2021, while the bladder screening segment also maintained its revenue share. Based on end-use, hospitals generated significant demand for handheld ultrasound devices due to the rising prevalence of chronic diseases like cancer, stroke, kidney disease, lung cancer, and diabetes.

Geographically, North America dominated the global handheld ultrasound devices market with the largest revenue share, while Asia Pacific and Europe also maintained their revenue shares in the market. The market growth in these regions is being driven by factors such as the increasing patient population, rising prevalence of chronic diseases, demand for clinical trials, and the adoption of new technologies for patient care and treatment.

Related Links:
Research and Markets

Gold Member
Solid State Kv/Dose Multi-Sensor
AGMS-DM+
New
Powered Echocardiography Imaging/Ultrasound Table
Powered Echo
New
Endoscopic Ultrasound Fine Needle Biopsy Device
Acquire
New
FMT Radiographic Suite
AdvantagePlus ML1

Print article
Radcal

Channels

MRI

view channel
Image: The pathways in the brain highlighted are those most affected by concussion (Photo courtesy of Benjamin Hacker et al)

AI Model Diagnoses Traumatic Brain Injury from MRI Scans With 99% Accuracy

A concussion is a type of traumatic brain injury that may lead to temporary disruptions in brain function. Occurring from incidents such as sports injuries, whiplash, or a simple bump to the head, many... Read more

Imaging IT

view channel
Image: The new Medical Imaging Suite makes healthcare imaging data more accessible, interoperable and useful (Photo courtesy of Google Cloud)

New Google Cloud Medical Imaging Suite Makes Imaging Healthcare Data More Accessible

Medical imaging is a critical tool used to diagnose patients, and there are billions of medical images scanned globally each year. Imaging data accounts for about 90% of all healthcare data1 and, until... Read more

Industry News

view channel
Image: Calantic Digital Solutions is an orchestrated suite of AI radiology solutions that aims to transform radiology (Photo courtesy of Bayer)

Bayer and Rad AI Collaborate on Expanding Use of Cutting Edge AI Radiology Operational Solutions

Imaging data constitutes approximately 90% of all medical data, with the volume of such data continuously expanding, thereby significantly increasing the workload for radiologists amid existing resource limitations.... Read more
Copyright © 2000-2024 Globetech Media. All rights reserved.