Growing incidence of urological disorders, technological advancements, the growing adoption of point-of-care diagnostic devices, and increasing awareness are the major factors contributing to the portable ultrasound bladder scanner market growth.
NEWARK, DE / ACCESSWIRE / August 14, 2024 / According to the latest analysis, the global portable ultrasound bladder scanner market value is set to reach USD 139.9 million in 2024. It will likely record steady growth, with sales rising at 3.1% CAGR during the forecast period. By 2034, total market revenue is set to reach USD 188.8 million.
Demand is expected to remain high for 3D portable ultrasound bladder scanners throughout the forecast period owing to their various advantages. The target segment is poised to grow at 3.3% CAGR from 2024 to 2034.
Several factors are anticipated to fuel growth of the portable ultrasound bladder scanner industry during the next decade. These include growing incidence of urological disorders, rising popularity of point-of-care testing, and advancements in ultrasound bladder scanners.
There is a sharp rise in cases of urological disorders, such as UTIs and bladder cancer. This is due to increasing geriatric population, changing lifestyles, and high obesity rates. This is expected to propel demand for portable ultrasound bladder scanners as they provide a non-invasive way to monitor and manage these medical conditions.
Rising emphasis on early diagnosis is expected to create demand for point-of-care diagnostic tools. This will positively impact portable ultrasound bladder scanner sales as they enable easy and quick bladder volume assessment in any setting.
Patients are increasingly opting for non-invasive procedures whenever possible, as they are associated with less pain, discomfort, and risk of infection. Minimally invasive bladder scanners offer a safe and effective alternative to traditional catheterization, which can be uncomfortable and pose a risk of urinary tract infections (UTIs).
Advancements in ultrasound technology are leading to the development of smaller, more portable, and affordable bladder scanners. These devices are user-friendly and can be used by the patients themselves as well as healthcare professionals.
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Key Takeaways from the Market Study
The global portable ultrasound bladder scanner industry is set to total a valuation of USD 188.8 million in 2034.
Based on product, the 3D portable ultrasound bladder scanner segment is expected to grow at 3.3% CAGR through 2034.
By end-user, the hospitals segment will likely account for a value share of 59.0% in 2024.
Revenue in the United States is expected to total USD 49.41 million in 2024.
China is poised to exhibit a CAGR of 4.8% between 2024 and 2034.
Demand across India will likely increase at 6.1% CAGR through 2034.
Who is Winning?
Top portable ultrasound bladder scanner manufacturers are focusing on new product launches and approvals to stay ahead of the competition. They are also implementing strategies like mergers, partnerships, acquisitions, collaborations, and distribution agreements to gain a competitive edge in the market.
Recent Development:
In February 2024, Butterfly Network, Inc. a digital health company transforming care through the power of portable, launched its third-generation handheld point-of-care ultrasound (POCUS) system, Butterfly iQ3™, which received FDA clearance.
Global Portable Ultrasound Bladder Scanner Market Segmentation
By Product:
2D Portable Ultrasound Bladder Scanner
3D Portable Ultrasound Bladder Scanner
By End-user:
Hospitals
Diagnostic Centers
Clinics
Ambulatory Surgical Centers
By Region:
North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Middle East & Africa
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Want More Insights?
Future Market Insights (FMI) brings a comprehensive research report on projected revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. The global portable ultrasound bladder scanner market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The study provides compelling insights into the portable ultrasound bladder scanner industry based on segments like product (2D portable ultrasound bladder scanner and 3D portable ultrasound bladder scanner) and end-user (hospitals, diagnostic centers, clinics and ambulatory surgical centers) across several regions.
Author:
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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