The research report “Global Portable Ultrasound Device Market Size, Share, Development, Growth and Demand Industry Insights – by End User (Diagnostic Center, Hospital and Others), by type (Hand-Held and Mobile), by Application (Cardiovascular, Gastric, Obstetrics and Gynecology and others), and Geography-Global/Region/Country Forecast to 2027”, The Global Portable Ultrasound Devices Market was valued at USD 4410 million in 2020 and is anticipated to reach at USD 7035 million in 2026 recording a CAGR of 13.6% during the forecast period 2021-2027.
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Portable Ultrasound Devices Market Size, Share, Development, Growth and Demand, Industry Insights – by End User (Diagnostic Center, Hospital and Others), by type (Hand-Held and Mobile), by Application (Cardiovascular, Gastric, Obstetrics and Gynecology and others), and Geography-Global/Region/Country Forecast to 2027”.
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Hand-held portable ultrasound device sector to drive the Portable Ultrasound Devices Market growth
Ultrasound is utilized for both the purposes such as therapeutics and diagnosis purpose. Portable ultrasound device is smaller and lighter too. It is convenient to carry and particularly used at point-of-care. The global portable ultrasound device market witnessed considerable growth owing to the prominent factors such as increasing cases of chronic diseases and huge healthcare expenses Furthermore, enhancing healthcare infrastructure in emerging economies like India and China is another market driving factor for market growth.
Increasing aged population base also elevated the occurrence of osteoporosis illness caused because of weak bones. Weak bones caused due to the lack of vitamin D and other problems in the old age will serve as a crucial factor for market growth. The ease of operating the portable ultrasound devices is another industry growing factor. Technological developments will create positive effect on the adoption rate of such devices. High-end technology is used for the production of portable devices, which increases the overall cost of these devices. High cost of such devices will negatively affect the adoption rate of such devices in both developed and under-developed countries. Strict rules for approving portable ultrasound devices are a market restraining factor. Hand-held portable ultrasound device sector is anticipated to record the fast growth during the evaluation period recording a CAGR of 13.1% worldwide.
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Impact of COVID-19 Portable Ultrasound Device Market:
In addition, the report discusses the implications of COVID-19, including the industry’s initial response and strategies for ensuring business continuity in the coming years.
Europe is anticipated to dominate the Global Portable Ultrasound Device Market
On the basis geographical analysis, the global market is categorized into North America, Europe, Middle East & Africa and Asia Pacific. Among all these regions, North America obtained the huge market revenue share in the market and is anticipated to become the biggest market during the forecast years 2121-2027 owing to the factors like growing adoption of the technologically advanced portable ultrasound and huge demand for precise medical imaging because of increasing occurrence of critical illnesses like cancer. Europe is also anticipated to dominate the market at steady level during the forecasted years. It is mainly due to the increasing occurrence of chronic illnesses in the region.
Competitive Analysis
A few of the major key players of the Global Portable Ultrasound Device Market are Shenzhen Canon Medical Systems, Mindray, Fukuda Denshi, Hitachi, GE Healthcare, Samsung Medical and Siemens Healthcare. Key players of the market are implementing different strategies to survive in the competitive market and make their position in the market.
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