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23-Sep-2020

Portable Ultrasound Bladder Scanner Market To Find Better Growth with US$ 181.2 Million By 2027 | CAGR: 6.6%: Coherent Market Insights

Impact Analysis of Covid-19

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3D portable ultrasound bladder scanner is referred as an automated device that provides real-time ultrasound imaging. Moreover, portable ultrasound bladder scanner excludes the concern about accuracy and it is precise and user-friendly.

The global portable ultrasound bladder scanner market is estimated to be valued at US$ 181.2 Mn in terms of value by the end of 2027.

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Global Portable Ultrasound Bladder Scanner Market: Drivers

Moreover, advantages offered by portable ultrasound bladder scanner such as it reduces the risk of catheter-associated urinary tract infections (CAUTI), it is user friendly, and eliminates the need to calculate bladder volumes manually, are expected to  boost growth of the global portable ultrasound bladder scanner market over the forecast period.

Global Portable Ultrasound Bladder Scanner Market: Opportunities

Additionally, wide range of diagnostics applications of portable ultrasound bladder scanners is expected to offer lucrative growth opportunities for players in the market over the forecast period. Portable ultrasound bladder scanners have numerous applications such as in bladder biofeedback study, voiding schedules, monitoring of urinary incontinence, and others.

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Global Portable Ultrasound Bladder Scanner Market: Restraints

However, the accuracy of portable ultrasound bladder scanner reduces with advancing stage of pelvic organ prolapse and accuracy of post-void residual measurements in patients with pelvic organ prolapse is inversely related to bladder volume. These factors are expected to hamper growth of the global portable ultrasound bladder scanner market over the forecast period.

Key Takeaways:

On the basis of product type, 3D portable ultrasound bladder scanner segment in the global portable ultrasound bladder scanner market is estimated to be valued at US$ 101.7 Mn in 2019 and is expected to reach US$ 169.5 Mn by 2027 exhibiting a CAGR of 6.6% during the forecast period. The growth of the segment is attributed to increasing prevalence of urological diseases.

Among end user, hospitals segment is expected to hold a dominant position in the global portable ultrasound bladder scanner market in 2019, accounting for 64.8% market share in terms of value, followed by diagnostic centers segment. The growth of the segment is attributed to increasing healthcare infrastructure in emerging economies.

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Market Trends

Portable ultrasound bladder scanner eliminates the necessity for catheterization, thereby offering patient comfort. Patients suffering from urological disorders prefer portable ultrasound bladder scanner, owing to its less complex nature in comparison to other diagnostics solutions. It also prevents from catheter-associated urinary tract infection.

Moreover, major market players are focusing on offering low-cost, fully-portable ultrasound scanners, which is expected to fuel the market growth over the forecast period. For instance, the U.S.-based Butterfly Network offers portable ultrasound bladder scanner at less than US$ 3,000.

Global Portable Ultrasound Bladder Scanner Market: Competitive Landscape

Key players operating in the global portable ultrasound bladder scanner market include C. R. Bard, Inc. (Becton, Dickinson and Company), dBMEDx Inc., Verathon Inc., SRS Medical Systems Inc., Laborie Medical Technologies Inc., Echo Son SA, Signostics Inc., Sonostar Technologies Co., Limited, Caresono Technology Co., Ltd., and GE Healthcare Inc.

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Global Portable Ultrasound Bladder Scanner Market: Key Developments 

  • November 2019: Healcerion, Inc. showcased its SONON range of wireless handheld ultrasound scanners at the MEDICA 2019 International Trade Fair in Düsseldorf, Germany
  • September 2018: Butterfly Network raised US$ 250 million from large private investors

Segmentation

Scope of the report

  • Portable Ultrasound Bladder Scanner Market, By Product Type:
    • 3D Portable Ultrasound Bladder Scanner
    • 2D Portable Ultrasound Bladder Scanner
  • Portable Ultrasound Bladder Scanner Market, By End User:
    • Hospitals
    • Diagnostic Centers
    • Clinics
    • Ambulatory Surgical Centers

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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Last Updated: 23-Sep-2020