Global Portable Ultrasound Market Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

The Global Portable Ultrasound Market was worth $3.39 billion in 2016 and estimated to be growing at a CAGR of 7.4%, to reach $4.84 billion by 2021.

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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.

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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.

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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 Gynaecology 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.

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Based on geography the market is analysed 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.

Scope of the Report :
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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