Ultrasound is an imaging method, and ultrasound devices enable physicians to produce images of internal organs of a patient's body. It is used to diagnose the cause of swelling, infection, or any pain in the body's internal organs. The imaging device uses sound waves to produce pictures of the inside of the body. It is also utilized to guide biopsies, diagnose heart conditions, and assess damage after a heart attack. Handheld ultrasound devices are small, lightweight, and portable that are designed for diagnostic purposes. They enable imaging in point-of-care settings for patients suffering from traumatic injury or abdominal pain. These devices feature crystal-to-patient technology that allows better penetration of ultrasound waves and produces clear and precise images.
MARKET SCOPE
The "Global Handheld Ultrasound Device System Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the handheld ultrasound device system market with detailed market segmentation by technology, application, end user, and geography. The report provides key statistics on the market status of the leading handheld ultrasound device system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on technology, the global handheld ultrasound device system market is segmented into 2D handheld ultrasound scanners and 3D handheld ultrasound scanners.
- On the basis of application, the market is bifurcated into oncology, neurology, cardiology and others.
- On the basis of end-users, the market is bifurcated into hospitals, diagnostic centers, ambulatory surgical centers and others.
MARKET DYNAMICS
Drivers
- The increasing prevalence of ailments such as endocrine, gastrointestinal, and neurological disorders, rising demand for cardiovascular disease diagnosis, and increasing geriatric population drive the handheld ultrasound device system market growth.
- The increasing number of patients suffering from pulmonary artery-related disorders and surge in the number of ultrasound diagnostic procedures propel the market growth.
- Growing prevalence of cancer and demand for its diagnosis fuel the market growth.
- Growing technological advancements and improving healthcare infrastructure boost market growth.
Restraints
- Lack of awareness about handheld ultrasound devices.
- High cost of the devices.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The handheld ultrasound device system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the handheld ultrasound device system market in these regions.
IMPACT OF COVID-19 ON HANDHELD ULTRASOUND DEVICE SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic has mixed impacts on the medical device market. Some marketers witnessed adverse effects while few experienced positive surges. However, the lockdown imposed by the government globally has impacted the market growth. This led to a decline in the hospital's patient pool, cancellation of diagnostic procedures such as ultrasound scans, and postponing all non-emergency surgeries. Hence the market experienced a negative impact. The medical equipment manufacturer at first experienced a decline in sales due to the pandemic, but as the imaging devices were used for the diagnosis and monitoring of covid patients like the use of handheld ultrasound scanners in diagnosing individuals suspected of having contracted the novel coronavirus (COVID-19) which increased the demand of the devices. Hence, the market is expected to have a positive surge in the future.
MARKET PLAYERS
The report covers key developments in the handheld ultrasound device system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from handheld ultrasound device system market are anticipated to have lucrative growth opportunities in the future with the rising demand for handheld ultrasound device system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the handheld ultrasound device system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Clarius Mobile Health
- GE Healthcare
- Philips
- EchoNous
- Meditech Equipment Co.,Ltd
- Healcerion Co., Ltd.
- WuHan Youkey Bio-Medical Electronics
- Agilent Technologies
- CAREWELL
- Ambisea Technology
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