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Pocket Size Ultrasound Devices Market by Current Industry Status, Growth Opportunities, Top Key Players, and Forecast till 2029- A Report by Absolute Markets Insights

Published On 29 Jul 2021 09:16 AM


Global pocket size ultrasound devices market was valued at US$ 115 million in 2020 and is expected to reach US$ 492 million by 2029, growing at a CAGR of 10.34% over the forecast period. Increasing number of people with chronic diseases along with older population is driving the market ahead. Another factor that is going upwards is surge in accident cases and tumors, common targeted diseases, and increasing risk of surgical procedures in older adults. In 2018, Healcerion gained FDA clearance for its Sonon 300L wireless handheld ultrasound device that works with a table device to display the images. It provides a flexible imaging device at less than 1/10 the cost of a traditional ultrasound machine. According to data collected by United Nations (UN), the geriatric population across the globe is expected to reach 18% of the world’s population by 2050, which will reach 1.6 billion. Older people get sick quickly and require health facilities more often. These devices eliminate old patients' stress to wait hours before they receive a check-up or to move from one room to another constantly where the device is available. Hospital visits require effort and more often elderly feel much more convenient in-home environment than in a hospital. It is easier for the respective family, too, as they don’t have to accompany them to the hospital.

On the other hand, strict government norms, unavailability of having enough well-trained and skilled personnel along with high costs of equipment is proving hindrance to the growth of pocket size ultrasound devices market. Additionally, the surge in interest rates and insufficient public health coverage also hampers the market's growth.

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Despite all the constraints, the pocket size ultrasound market is expected to witness tremendous growth in coming future owing increasing use of these portable devices in developing economies. The pocket size ultrasound devices lessen the time required for diagnosis compared to conventional machines, hence it largely preferred by most medical professionals.

The detailed research study provides qualitative and quantitative analysis of pocket size ultrasound devices market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Key Findings of the Report:

  • Due to the COVID-19 pandemic, the healthcare infrastructure is witnessing immense pressure and hence several treatment procedures have been postponed. This is hampering the growth of the market
  • Increase of cardiovascular diseases and other chronic diseases has led to surge in the demand for pocket size ultrasound devices
  • Technological advancements, like emergency medicine and primary care are also driving the growth of pocket size ultrasound market
  • Growth in the number of diagnostic centres is also causing a surge in the demand for portable ultrasound devices
  • The major players operating in the pocket size ultrasound devices market include Fujifilm SonoSite Inc., GE Healthcare, Hitachi Ltd, Fukuda Denshi, Shenzhen Mindray, Samsung Medical, and Siemens Healthineers, amongst others.

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Pocket Size Ultrasound Devices Market

By End User

  • Doctors
  • Paramedics
  • Nurses
  • Other medical professional

By Treatment

  • Early Diagnosis
  • Chronic Medical Conditions
  • Tumours and cysts
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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About Us:
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

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Company: Absolute Markets Insights
Email Id: [email protected] 
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
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Press Release Provided By: Absolute Markets Insights