The global handheld ultrasound equipment market is on track to surpass USD 511.8 million in 2024, with projections indicating a valuation of USD 750.3 million by 2034. This market is expected to grow at a compound annual growth rate (CAGR) of 3.90% from 2024 to 2034, highlighting significant opportunities for manufacturers and healthcare providers alike.
As telemedicine and remote patient monitoring continue to gain traction, handheld ultrasound equipment presents a vital tool for healthcare practitioners looking to expand their reach. These portable scanners enable remote diagnoses and consultations, making it easier for healthcare providers to serve patients in diverse geographic locations. With the telehealth solutions industry rapidly expanding, companies offering handheld ultrasound equipment can capitalize on this trend, boosting market share and enhancing revenue streams.
The increasing focus on preventive care and screening programs presents another growth avenue for handheld ultrasound equipment manufacturers. By developing devices tailored for rapid and targeted screenings, companies can position themselves as key players in preventive healthcare. This strategic focus not only fills critical gaps in the healthcare system but also aligns with evolving industry trends and regulatory standards, further enhancing the market relevance and competitiveness of handheld ultrasound scanners.
As the demand for telemedicine and preventative healthcare solutions grows, the global handheld ultrasound equipment market is poised for sustained growth, offering lucrative opportunities for innovation and market penetration.
Key Takeaways from the Handheld Ultrasound Equipment Market Report:
- The global handheld ultrasound equipment market size expanded at an 8.7% CAGR from 2019 to 2023.
- The color scanner segment holds 61% of market shares in 2024.
- The hospitals segment captured 37% of market shares in 2024.
- The market size in the United States is projected to rise at a 2.5% CAGR through 2034.
- The market size in Germany is anticipated to develop at a 1.50% CAGR through 2034.
- The market size in Malaysia is estimated to surge at a 4.7% CAGR through 2034.
- The market size in India is expected to increase at a 5.70% CAGR through 2034.
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Competitive Landscape:
The handheld ultrasound scanner market is intensely competitive, featuring prominent players such as GE Healthcare, Siemens Healthineers, and Philips Healthcare leading due to product innovation and brand reputation. Startups add to the vitality by proposing specific solutions. Telehealth integration, business alliances, and regulatory compliance are critical battlegrounds. In the regional context, particularly in Asia, local businesses adjust their products to meet unique market demands.
Recent Developments:
- In January 2024, Clarius Mobile Health announced the release of their breakthrough Clarius PAL HD3 wireless portable whole-body ultrasound scanner in Australia. Clarius is as tiny as an iPhone and works with iOS and Android cellphones, enabling simple patient transfers.
- In September 2023, Exo introduced an AI-powered Iris System. Iris’ portable probe has a 150-degree field of view, which the developer says can encompass a full liver or fetus and a depth of 30 centimeters.
- In August 2023, GE Healthcare introduced Vscan Air SL, a dual-headed, handheld, wireless ultrasound imaging system designed for rapid cardiac and vascular assessments at the point of care and CardioVisio. This digital tool assists clinicians in making treatment decisions for patients with atrial fibrillation (AF).
Note from the Analysts:
“Success in the quickly changing handheld ultrasound scanner market depends on technology innovation, strategic partnerships, and technological agility. The three main factors that drive market influence are customization, regulatory compliance, and integration with telemedicine systems. To prosper in this dynamic environment, manufacturers must remain flexible to adapt to shifting consumer demands and legal obligations.” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).
Key Players in the Handheld Ultrasound Scanner Market:
- GE Healthcare
- Siemens Healthineers
- Philips Healthcare
- Fujifilm Holdings Corporation
- Canon Medical Systems Corporation
- Hitachi, Ltd.
- Samsung Medison
- Mindray Medical International Limited
- Esaote S.p.A.
- Clarius Mobile Health
Handheld Ultrasound Scanner Market Segmentation:
By Modality:
- Wired
- Wireless
By Display:
- Black & White Display
- Color Display
By End User:
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Japan
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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