Global Home Ultrasound System Market Overview:
An ultrasound machine creates images so that internal organs can be inspected. The device emits high-frequency sound waves, which bodily structures reflect. The waves are picked up by a computer, which uses them to produce a picture. The delivery of therapeutic ultrasound through the use of a portable or home ultrasound machine is known as home ultrasound. Physical therapy and a variety of pain management techniques can both benefit from this form of medical ultrasound therapy. Growing prevalence of diseases, technological advancements, and extensive adoption of portable ultrasound systems are some factors that are contributing to the growth of the market.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Growing Prevalence of Diseases
- Growing Technological Advancements
- Extensive Adoption of Portable Ultrasound Systems in Home
- Increasing Product Launches to Support Market Expansion
Roadblocks
- Concerns about Changing Regulations and Inadequate Reimbursement
- Limited by US Federal Law to Investigational Use
Opportunities
- Expanding applications of therapeutic ultrasound
- Emerging markets
Challenges
- Growing end-user preference for refurbished equipment
Competitive Landscape:
Global home ultrasound system is a consolidated market due to the presence of various players in United States. The players are focusing on investing more in technological advancement and R&D. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Pulsenmore Ltd. (Israel), Newgen Software (India), AMD Global Telemedicine (United States), Mettler Electronics (United States), Current Solutions (United States), Roscoe Medical (United States), DJO, LLC (United States), Dynatronics (United States), Trivitron Healthcare (India), ASUSTeK Computer Inc. (Taiwan) and Siemens AG (Germany). Considering Market by Distribution Channels, the sub-segment i.e. Ultrasound Manufacturers will boost the Home Ultrasound System market. Considering Market by Probe Type, the sub-segment i.e. Linear Array will boost the Home Ultrasound System market. Considering Market by Imaging Modes, the sub-segment i.e. /W will boost the Home Ultrasound System market. Considering Market by End User, the sub-segment i.e. Hospitals, Surgical Centers, and Diagnostic Centers will boost the Home Ultrasound System market.
Latest Market Insights:
In March 2021, AMD Global Telemedicine Inc. (AMD) announced its integration with PointClickCare Technologies. PointClickCare has built the largest ecosystem of independent software vendors in LTPAC Healthcare that connects LTPAC providers with a technology partner network fully vetted to connect to and optimize their existing PointClickCare solution. The integration enables clinicians to collect and record patient vitals data in just minutes, and eliminates the risk of common data entry errors.
In August 2020, Israeli startup Pulsenmore announced the launch of its flagship handheld tele-ultrasound device that enables pregnant women to perform at-home ultrasound scans, and receive feedback from a physician or sonographer, limiting the need for hospital and doctor visits during COVID-19 and beyond.
What Can be Explored with the Home Ultrasound System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Home Ultrasound System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Home Ultrasound System
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Home Ultrasound System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Home Ultrasound System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Ultrasound System Manufacturers, E-commerce/Retailers, Drug Stores, Offline retailers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.