Rising Geriatric Population Driving Portable Ultrasound Device Market

November 25 09:08 2019
Rising Geriatric Population Driving Portable Ultrasound Device Market

Portable Ultrasound Device Market
In 2015, the global portable ultrasound device market generated $1,392.8 million and is projected to advance at an 8.8% CAGR during the forecast period (2016–2022).

The market is growing due to the increasing geriatric population, technological advancements, rising prevalence of chronic diseases, increasing healthcare expenditure, and rising awareness regarding the benefits of portable ultrasound devices. An advanced ultrasound medical imaging system, which is convenient to carry at different places for therapeutic and diagnostic applications, is called a portable ultrasound device. They are easy to operate in remote areas and do not use ionizing radiation.

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When end user is taken into consideration, the portable ultrasound device market is categorized into diagnostic center, hospital, and others. The hospital category dominated the market during the historical period (2012–2015) and is going to retain its position during the forecast period. This is due to the increased usage of different imaging systems, including portable ultrasound devices, for diagnostic purposes. Among the two types of portable ultrasound devices, namely mobile and handheld, mobile ultrasound devices are used more in hospitals as they can be easily moved between departments within the hospital.

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On the basis of application, the portable ultrasound device market is divided into obstetrics and gynecology, musculoskeletal, gastric, cardiovascular, and others. Out of these, the cardiovascular division accounted for the major share of the market during the historical period. Portable ultrasound devices are utilized for monitoring, diagnosing, and evaluating the anatomy of heart in patients who are suffering with heart diseases. These devices are used for evaluating contraction, blood flow in vessels and heart, and rhythm, identifying abnormal structures inside the heart, and assessing cardiac perfusion.

Another factor resulting in the growth of portable ultrasound device market is the rising awareness regarding the benefits of these devices. The increased adoption of portable ultrasound devices has led to rising success rate of treatments. Moreover, unlike X-rays, ultrasound does not use radiation, in addition to providing real-time imaging. Portable ultrasound devices are capable of producing images which are not clearly visible on X-ray. Other benefits of portable ultrasound devices, which are leading to their growing adoption by healthcare providers, include their compact size, less weight, and better performance and battery life.

Thus, the market is growing due to the increasing awareness regarding the benefits of portable ultrasound devices, geriatric population, and prevalence of chronic diseases.  

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