Global Portable Ultrasound Equipment Market Overview:
The fixed ultrasound machine has been using for many years but rising demand for portable equipment, key manufacturers have been come up with portable ultrasound equipment can be easily hand-carried. It has been observed that portable ultrasound equipment has mostly used to detect diseases such as cardiovascular diseases, cancer, and gynecological disorders. Additionally, technology advancement in portable ultrasound equipment due to miniaturization can make it more compact equipment. However, low awareness about portable ultrasound equipment and high-cost associated with the equipment have been limiting the overall growth of the market. Moreover, continuous launches and investment in R&D by key players can create a new application for portable ultrasound equipment. Some of the players profiled in the study are Clarius Mobile Health (Canada), Esaote SpA (Italy), FUJIFILM SonoSite, Inc. (United States), GE Healthcare (United States), Hitachi Medical Systems GmbH (Germany), Koninklijke Philips B.V (Netherlands), Mindray Medical International Limited (China), Mobisante, Inc. (United States), Siemens Healthineers (Germany), Signostics, Inc. (United States) and Teratech Corporation (Terason) (United States). According to Market Analyst at AMA, the Global Portable Ultrasound Equipment market may see a growth rate of 8.96%
On the basis of geography, the market of Portable Ultrasound Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Hospitals will boost the Portable Ultrasound Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Use of Portable Ultrasound Equipment for Early Stage Diagnosis of Diseases
- Increasing Use of for Detecting Cardiovascular Diseases, Cancer and Gynecological Disorders
Influencing Trend
- Technology Advancement in Portable Ultrasound Equipment due to Miniaturization
Restraints
- High Cost Associated with Portable Ultrasound Equipment
- Presence of Alternative such as Fixed Portable Ultrasound Equipment
Opportunities
- Rising Adoption of New Handheld Systems for Medical Usages
- Continuous Launches and Investment in R&D by Key Players
Challenges
- Intense Competition among Established key Players
- Lack of Awareness in many Geographical Areas such as the Middle East and Africa
Key Market Developments:
On July 18, 2017, Royal Philips has announced a new agreement for acquiring a new company named as TomTec Imaging Systems GmbH. The main aim of the company for acquisition is to strengthen its ultrasound business as TomTec Imaging Systems GmbH is a leading provider of intelligent image analysis software for diagnostic ultrasound.
On June 28, 2018, Konica Minolta had launched a new portable ultrasound product which enables one-touch image optimization that automatically enhanced the diagnostic efficiency as well as the workforce. The new product named as SONIMAGE can be used for musculoskeletal (MSK) and orthopedic practices. The new launch of the company can create a new opportunity for the company in the coming years.
Target Audience:
Portable Ultrasound Equipment Manufacturers, Raw Material Suppliers, Suppliers and Distributors, Private Research Organization, Government Association and Agencies, Potential Investors and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Portable Ultrasound Equipment market on the basis of product [Hand-Carried Systems, Hand-Operated, Handheld Systems and Bedside Systems] , application [Urology, Ophthalmology, Critical Care Medicine, Musculoskeletal, Emergency Medicine, Anesthesiology, Gynecology, Radiology and Cardiology], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Portable Ultrasound Equipment market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Portable Ultrasound Equipment industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Canon Medical Systems Corporation (Japan) and Verathon, Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Portable Ultrasound Equipment market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.