Global Handheld Ultrasound System
Market Report
2024
The global Handheld Ultrasound System market size will be USD 315.2 million in 2024. Growing demand for point-of-care diagnostics is expected to boost sales to USD 473.94 million by 2031, with a Compound Annual Growth Rate (CAGR) of 6.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Handheld Ultrasound System market size will be USD 315.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Handheld Ultrasound System Market Sales Revenue 2024 | $ 315.2 Million |
Global Handheld Ultrasound System Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
North America Handheld Ultrasound System Sales Revenue 2024 | $ 126.08 Million |
North America Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
United States Handheld Ultrasound System Sales Revenue 2024 | $ 99.48 Million |
United States Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
Canada Handheld Ultrasound System Sales Revenue 2024 | $ 15.13 Million |
Canada Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Mexico Handheld Ultrasound System Sales Revenue 2024 | $ 11.47 Million |
Mexico Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.7% |
Europe Handheld Ultrasound System Sales Revenue 2024 | $ 94.56 Million |
Europe Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
United Kingdom Handheld Ultrasound System Sales Revenue 2024 | $ 15.89 Million |
United Kingdom Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.3% |
France Handheld Ultrasound System Sales Revenue 2024 | $ 8.7 Million |
France Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.7% |
Germany Handheld Ultrasound System Sales Revenue 2024 | $ 18.72 Million |
Germany Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.7% |
Italy Handheld Ultrasound System Sales Revenue 2024 | $ 8.13 Million |
Italy Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.9% |
Russia Handheld Ultrasound System Sales Revenue 2024 | $ 14.66 Million |
Russia Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.5% |
Spain Handheld Ultrasound System Sales Revenue 2024 | $ 7.75 Million |
Spain Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.6% |
Rest of Europe Handheld Ultrasound System Sales Revenue 2024 | $ 14.66 Million |
Rest of Europe Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.2% |
Asia Pacific Handheld Ultrasound System Sales Revenue 2024 | $ 72.5 Million |
Asia Pacific Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
China Handheld Ultrasound System Sales Revenue 2024 | $ 32.62 Million |
China Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.5% |
Japan Handheld Ultrasound System Sales Revenue 2024 | $ 10 Million |
Japan Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Korea Handheld Ultrasound System Sales Revenue 2024 | $ 7.25 Million |
Korea Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.1% |
India Handheld Ultrasound System Sales Revenue 2024 | $ 8.7 Million |
India Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.8% |
Australia Handheld Ultrasound System Sales Revenue 2024 | $ 3.77 Million |
Australia Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.7% |
Rest of APAC Handheld Ultrasound System Sales Revenue 2024 | $ 5.15 Million |
Rest of APAC Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.8% |
South America Handheld Ultrasound System Sales Revenue 2024 | $ 15.76 Million |
South America Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.4% |
Brazil Handheld Ultrasound System Sales Revenue 2024 | $ 6.75 Million |
Brazil Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
Argentina Handheld Ultrasound System Sales Revenue 2024 | $ 2.65 Million |
Argentina Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.3% |
Colombia Handheld Ultrasound System Sales Revenue 2024 | $ 1.4 Million |
Colombia Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Peru Handheld Ultrasound System Sales Revenue 2024 | $ 1.29 Million |
Peru Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.6% |
Chile Handheld Ultrasound System Sales Revenue 2024 | $ 1.13 Million |
Chile Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Rest of South America Handheld Ultrasound System Sales Revenue 2024 | $ 2.54 Million |
Rest of South America Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
Middle East and Africa Handheld Ultrasound System Sales Revenue 2024 | $ 6.3 Million |
Middle East and Africa Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Turkey Handheld Ultrasound System Sales Revenue 2024 | $ 0.54 Million |
Turkey Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Nigeria Handheld Ultrasound System Sales Revenue 2024 | $ 0.66 Million |
Nigeria Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.8% |
Egypt Handheld Ultrasound System Sales Revenue 2024 | $ 0.66 Million |
Egypt Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
South Africa Handheld Ultrasound System Sales Revenue 2024 | $ 1 Million |
South Africa Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.7% |
GCC Countries Handheld Ultrasound System Sales Revenue 2024 | $ 2.7 Million |
GCC Countries Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Rest of MEA Handheld Ultrasound System Sales Revenue 2024 | $ 0.74 Million |
Rest of MEA Handheld Ultrasound System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.7% |
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Key Qualitative Information Covered |
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The handheld ultrasound system market is experiencing significant growth, driven by the increasing demand for point-of-care diagnostics, technological advancements, and rising healthcare expenditure. These portable devices offer real-time imaging, making them ideal for use in emergency care, rural healthcare settings, and telemedicine applications. Key drivers include the growing prevalence of chronic diseases, the need for rapid diagnostics, and a shift toward patient-centered care. Additionally, innovations in imaging technology are enhancing the accuracy and reliability of handheld ultrasound systems. Trends such as the integration of artificial intelligence for improved diagnostics and the development of more user-friendly interfaces are also shaping the market. As healthcare systems worldwide focus on improving access and efficiency, the adoption of handheld ultrasound systems is expected to continue rising, reflecting a broader trend toward decentralized healthcare delivery.
In December 2021, EagleView Ultrasound launched a wireless portable ultrasound device, offering greater flexibility in imaging and making point-of-care solutions more affordable. (Source: https://geteagleview.com/products/dual-head-wireless-handheld-ultrasound)
The growing demand for point-of-care diagnostics is a significant driver of the handheld ultrasound system market. Point-of-care diagnostics enables healthcare professionals to perform real-time imaging and diagnostic procedures at the patient's bedside, improving accessibility and efficiency, especially in emergency and remote settings. Handheld ultrasound systems are portable, easy to use, and cost-effective, making them ideal for such applications. With the rise in chronic diseases, aging populations, and the need for rapid diagnostics in urgent care, the adoption of these devices is increasing. They offer the advantage of immediate diagnosis, reducing hospital visits and facilitating faster treatment decisions. Moreover, advancements in telemedicine are further boosting demand, as handheld ultrasound systems support remote consultations and diagnostics, driving market growth. For instance, Butterfly Network, Inc. partnered with Ambra Health to streamline and enhance interoperability for bedside imaging data. This collaboration will improve the scalability of Butterfly Blueprint, Butterfly's enterprise platform, and facilitate greater access to and sharing of crucial ultrasound data across hospitals and healthcare systems.
Rising global healthcare expenditure is a key driver of the handheld ultrasound system market. Increased healthcare spending allows for greater investments in advanced medical technologies, including portable diagnostic tools like handheld ultrasound systems. As governments and private institutions allocate more resources to improving healthcare infrastructure, hospitals and clinics are adopting more modern, efficient diagnostic solutions to enhance patient care. Handheld ultrasound devices are cost-effective, portable, and provide real-time imaging, making them ideal for various medical settings, especially in resource-limited or remote areas. The growing focus on improving access to healthcare, particularly in emerging economies, further accelerates the demand for these devices. Additionally, increased healthcare spending boosts research and development efforts, resulting in better, more affordable handheld ultrasound technologies.
The high costs associated with handheld ultrasound technology act as a restraint in the market. While these devices offer portability and convenience, the initial investment for purchasing handheld ultrasound systems is often substantial, particularly for smaller healthcare facilities or practitioners in developing regions. Additionally, maintenance costs, software upgrades, and training for healthcare professionals to operate these advanced devices add to the overall expense. These factors limit widespread adoption, especially in cost-sensitive markets. In resource-constrained settings, hospitals and clinics may opt for traditional, larger ultrasound machines that provide more advanced imaging features at comparable or lower prices. The high cost also impacts market penetration in emerging economies, where budget constraints hinder the uptake of innovative diagnostic technologies like handheld ultrasound systems.
The COVID-19 pandemic had a significant impact on the handheld ultrasound system market, accelerating its growth. As healthcare systems were overwhelmed, there was an increased demand for portable and point-of-care diagnostic tools, such as handheld ultrasound devices, which helped in triaging and monitoring patients quickly. These devices proved crucial in managing COVID-19 patients, particularly for lung imaging and diagnosing complications like pneumonia. Additionally, the pandemic drove the adoption of telemedicine, and handheld ultrasounds became essential tools for remote diagnostics, enabling healthcare professionals to conduct virtual consultations. However, supply chain disruptions and delayed manufacturing due to lockdowns initially hindered device production. Despite these challenges, the pandemic underscored the importance of portable medical devices, boosting demand for handheld ultrasound systems.
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The competitive landscape of the handheld ultrasound system market is characterized by a mix of established medical device companies and innovative startups. Major players like GE Healthcare and Philips dominate the market through extensive research and development, advanced technology, and a wide range of product offerings. Emerging companies such as Butterfly Network and Clarius are challenging traditional players by introducing affordable, portable devices with advanced features. The market is also witnessing strategic partnerships and collaborations aimed at enhancing product capabilities and expanding market reach.
In April 2020, Canon Medical USA Inc. introduced the Aplio a-series, a new range of ultrasound systems that offer high performance for a variety of clinical applications at a more affordable price. Additionally, increasing healthcare spending, greater awareness of diagnostic procedures, and supportive reimbursement policies are contributing to market growth. (Source: https://global.medical.canon/products/Ultrasound/a-series) In March 2021, GE Healthcare introduced Vscan Air, an advanced wireless, pocket-sized ultrasound device that offers high-quality imaging, full-body scanning capabilities, and user-friendly software, all compactly designed for ease of use by clinicians. (Source: https://www.gehealthcare.com/about/newsroom/press-releases/ge-healthcare-unveils-vscan-air-a-new-intuitive-wireless-handheld-ultrasound?npclid=botnpclid) In July 2021, Exo, a medical device company, launched a new handheld ultrasound device designed to allow clinicians to perform real-time diagnostics for a range of medical conditions. (Source: https://www.exo.inc/article/exo-introduces-a-new-age-of-ultrasound-with-exo-iris)
Top Companies Market Share in Handheld Ultrasound System Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Handheld Ultrasound System market, and the region is expected to have significant growth during the projected period. This is due to the region's advanced healthcare infrastructure, high healthcare expenditure, and rapid adoption of innovative medical technologies. The region's focus on point-of-care diagnostics, especially in emergency and remote settings, drives demand for portable ultrasound devices. Additionally, the presence of key players and ongoing investments in research and development further bolster market growth. Increased awareness of the benefits of handheld ultrasounds among healthcare providers also contributes to the region's dominance in this market.
The Asia Pacific region is growing at the fastest CAGR in the handheld ultrasound system market due to increasing healthcare expenditure, rising prevalence of chronic diseases, and growing awareness of advanced diagnostic tools. Rapid urbanization and improvements in healthcare infrastructure contribute to the demand for portable diagnostic devices. Additionally, the increasing emphasis on point-of-care testing and the expansion of telemedicine services drive market growth. The presence of emerging companies offering affordable handheld ultrasound solutions also supports this rapid growth in the region.
The current report Scope analyzes Handheld Ultrasound System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Handheld Ultrasound System market size was estimated at USD 315.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 126.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
According to Cognitive Market Research, the global Handheld Ultrasound System market size was estimated at USD 315.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 94.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
According to Cognitive Market Research, the global Handheld Ultrasound System market size was estimated at USD 315.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 72.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
According to Cognitive Market Research, the global Handheld Ultrasound System market size was estimated at USD 315.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 15.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
According to Cognitive Market Research, the global Handheld Ultrasound System market size was estimated at USD 315.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 6.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..
Global Handheld Ultrasound System Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Handheld Ultrasound System Industry growth. Handheld Ultrasound System market has been segmented with the help of its Type Outlook:, , and others. Handheld Ultrasound System market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Handheld Ultrasound System Market?
According to Cognitive Market Research, B/W Imaging are likely to dominate the Handheld Ultrasound System Market over the forecast period. The B/W imaging type captured the largest market share in the handheld ultrasound system market due to its cost-effectiveness, simplicity, and reliability in providing essential diagnostic information. Black and white ultrasound imaging is widely used for various applications, including obstetrics, gynecology, and emergency medicine, offering clear images for effective assessment. Its established technology and ease of use make it a preferred choice among healthcare providers. Additionally, the ability to deliver quick and accurate results in point-of-care settings further enhances its market dominance.
The color imaging type is growing at the highest CAGR in the handheld ultrasound system market due to its enhanced diagnostic capabilities, allowing for real-time visualization of blood flow and tissue perfusion. This technology provides superior detail and clarity compared to black-and-white imaging, making it increasingly popular for applications such as cardiology and vascular assessments. The rising demand for advanced imaging techniques in point-of-care settings, coupled with technological advancements that improve affordability and accessibility, further drives the growth of color imaging systems.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Handheld Ultrasound System from 2019 to 2031. This will also help to analyze the demand for Handheld Ultrasound System across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key of Handheld Ultrasound System are:
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Conclusion
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Type Outlook: | B/W Imaging, Color Imaging |
List of Competitors | GE Healthcare, Philips Healthcare, Siemens Healthineers, Canon Medical Systems, Fujifilm Holdings Corporation, Samsung Medison, Clarius Mobile Health, Butterfly Network, Inc., Sonosite (a Fujifilm Company), Mindray Medical International Limited, Esaote S.p.A., EchoNous, DRE Medical, Telemed, Shenzhen New Industries Biomedical Engineering Co., Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Handheld Ultrasound System. Further deep in this chapter, you will be able to review Global Handheld Ultrasound System Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Handheld Ultrasound System market
Chapter 11 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why B/W Imaging have a significant impact on Handheld Ultrasound System market? |
What are the key factors affecting the B/W Imaging and Color Imaging of Handheld Ultrasound System Market? |
What is the CAGR/Growth Rate of during the forecast period? |
By type, which segment accounted for largest share of the global Handheld Ultrasound System Market? |
Which region is expected to dominate the global Handheld Ultrasound System Market within the forecast period? |
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