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Portable Ultrasound Equipment Market to Grow at 9.10% CAGR to 2021: Analysis of Key Players, Trends, Drivers, & Challenges

Monday, April 10, 2017 4:10
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The market research report ‘Global Portable Ultrasound Equipment Market 2017-2021’aims to offer insights into new business opportunities for companies such as FUJIFILM SonoSite, GE Healthcare, Philips Healthcare, and Siemens Healthcare. adds new global Portable Ultrasound Equipment market: report that lists top active companies as FUJIFILM SonoSite, GE Healthcare, Philips Healthcare, and Siemens Healthcare.

Other Prominent Vendors in the market are: Accutome, Alpinion Medical Systems, Shenzhen Bestman Instrument, BenQ Medical Technology, BMV Technology, Boston Scientific, Cephasonics, CHISON, Clarius Mobile Health, ContextVision, Ecare, Esaote, GlobalMed, Guangzhou Yueshen Medical Equipment, Hitachi Aloka Medical America, Jiangsu TONGREN Medical Electronic Technology, MedGyn, Mindray Medical, Mobisante, Samsung Medison, Signostics, Sonocare, Abbott Medical, TeleMed, Toshiba Medical Systems, Trivitron Healthcare, Wuhan Tianyi Electronic, Zhuhai Carelife Medical Technology, and Zoncare.

Research Analysts forecast the global Portable Ultrasound Equipment market to grow at a CAGR of 9.10% during the period 2017-2021.


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Commenting on the report, an analyst team said: One trend in market is advances in technology. There?s an increasing demand for portable ultrasound device for its ease of use, smaller size and better results. SonoSite MicroMaxx, GE VOLUSON I, SonoSite M-Turbo, GE Venue 40, Acuson Cypress, GE Vivid i, SonoSite Titan, SonoScape A6, Chison Q9, Chison Q5 are some of the products which top the bestselling chart currently. Portable ultrasound devices, incorporating the wireless features like Bluetooth and any near-field communication are designed to deliver highly sophisticated home-based healthcare service for individuals. These kinds of wireless devices assist in the increase of mobility, connectivity, and transportability. Advancement in technology also permits medical devices to be power-driven or recharged with remote by use of fabrics and plastics. Semiconductor technology is being used by some manufacturers to develop effective, inventive designs that consume minimal power thus reducing overall system price of portable devices by diminishing power consumption.

The listed pricing for this Portable Ultrasound Equipment Market report starts at $ 3500.
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According to the report, one driver in market is broader applications of portable ultrasound equipment. Portable ultrasound equipment has become a vital device in emergency departments such as ICU, NICU, CCU, and in outpatient departments. The light weight, mobility, and compact features have captured the interest of most of the cardiologists, radiologists, and other specialists. Ultrasound waves, when used at different frequencies, serve the purpose of imaging and diagnosis. Medical ultrasound equipment, usually uses a frequency between 1-10MHz and is largely used for the early detection and verification of the complicated disorders, including cardiology, cancer detection, obstetrics and gynecology.

Further, the report states that one challenge in market is growing end users’ preference toward refurbished equipment. The steady growth in the sales of refurbished equipment indicates that a good number of customers prefer buying them. In the today’s dynamic healthcare landscape, it is difficult to decide on investing in a new medical device. To combat that, refurbished medical equipment is an attractive option for many end-users, who are eager to cut down on the extreme costs, yet obtain the necessary medical devices. On an average, the customer can get a saving of around 20%-80% of the selling price, and gets quality items, if one chooses them from a trusted supplier of refurbished medical products. Used and refurbished portable ultrasound equipment are available at lower prices than new ones. In addition, many of this equipment come with vendor warranties. Further, customers from developing countries have low awareness about refurbishment process and purchasing power. Refurbished devices thus allow them to access the latest technology at a significantly lower price. In addition, many end-users prefer buying products from local vendors because doing so allows them to access better after-sales services. All these factors are compelling large vendors to scale down the prices of their portable ultrasound equipment, hampering their profitability.  

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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