Wireless Ultrasound Scanner Market
Number of pages: 100 | Report Format: PDF | Published date: May 26, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023 to 2031
|
Report Attribute |
Details |
|
CAGR |
7.8% |
|
Base Year for Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
|
Segments Covered |
Product, Application, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global wireless ultrasound scanner market is expected to register a revenue CAGR of 7.8% during the forecast period.
Wireless Ultrasound Scanner Market Fundamentals
A portable medical device called a wireless ultrasound scanner, occasionally referred to as a wireless ultrasound transducer, enables healthcare providers to do ultrasound imaging without requiring a direct physical connection to a console or computer. The ultrasonic data is transmitted through wireless technology, such Bluetooth or Wi-Fi, to a suitable display device, like a smartphone, tablet, or computer. Ultrasound is still one of the most crucial diagnostic devices in the medical imaging field. It is faster and less expensive than other medical imaging techniques like CT or MRI scans. It further has the benefit of being safer than both modalities because of the absence of ionizing radiation and magnetic fields.
Wireless ultrasound scanners are light and portable, making it simple for medical practitioners to transport them to various places, including patient rooms, clinics, or even distant regions where access to conventional ultrasound equipment may be constrained. As a result, using ultrasound technology for diagnostic reasons is important. According to studies, the addition of handheld ultrasound equipment to a regular clinical examination has been proven to modify, augment, or confirm an essential diagnosis in one out of every three patients. With ultrasound equipment at the side streamlines procedures, a diagnosis may be established faster, and treatment can start immediately. Thus, patient outcomes are enhanced.
Wireless ultrasound scanners are useful in many different medical fields and expertise. They are applicable for abdominal, cardiac, vascular, musculoskeletal, obstetric, gynecological, and other ultrasound exams. These scanners are very helpful when mobility is essential or rapid bedside imaging is required, such as in emergency medicine, point-of-care settings, or fieldwork. Patients with clinically suspected deep vein thrombosis (DVT) can also benefit from screening with portable ultrasound equipment. Early diagnosis and treatment of DVT can help prevent deadly consequences, such as those brought on by pulmonary embolism. The portable ultrasound scanner has also been used to find primary varicose veins that come back after treatment.
Wireless Ultrasound Scanner Market Dynamics
The fast modernization of the healthcare sector and large expenditures in research and development (R&D) activities have led to a rise in the use of handheld ultrasound scanners by non-radiologists. Chronic and infectious illnesses are likely to increase, along with using portable ultrasound equipment and technical improvements. These and other reasons are expected to fuel the expansion of the worldwide handheld device market.
Additionally, the global market for portable ultrasound equipment is expanding due to an increase in conditions, including endocrine, neurological, cancer, trauma, accident, and heart disease cases. The rise in illness incidence will drive the market. For instance, according to the World Health Organization (WHO), 17.9 million people will be affected by cardiovascular diseases (CVDs), which are expected to account for 32% of all fatalities globally in 2019. fatalities from heart attacks and strokes made up 85% of these fatalities.
To better comprehend problems without wasting time transporting patients to hospitals and using traditional large ultrasound equipment, primary care practitioners have started incorporating portable ultrasound scanners with wireless technologies into their toolkits as technology has advanced. As a result, it is anticipated that demand for portable ultrasound equipment will increase during the next ten years. The Urgent Care Association predicted a 9.6% increase in urgent care centers, with 9,616 centers in the U.S., as compared to 2018 in its 2019 benchmarking report. These facilities have been expanding quickly in recent years. Due to the necessity for clinicians and doctors to have control over patients' health, the demand for portable wireless handheld ultrasound equipment has dramatically expanded.
However, while portable and convenient, wireless ultrasound scanners may be restricted in several ways compared to conventional wired-based ultrasound equipment. For instance, the wireless connection range could be limited, and the visual quality might not match that of more powerful devices. Wireless scanners' battery life might differ, and prolonged use could necessitate recharging. Limited public health coverage in low- and middle-income countries also hampers the market expansion. Additionally, the market cannot realize its full potential due to the high price. The resultant accessibility of handheld or portable ultrasound equipment presents a serious challenge for the companies that create the devices.
Wireless Ultrasound Scanner Market Ecosystem
The global wireless ultrasound scanner market is analyzed from the following perspectives by product, application, end user, and region.
Wireless Ultrasound Scanner Market by Product
Based on the product, the global wireless ultrasound scanner market is segmented into handheld wireless ultrasound scanners, portable wireless ultrasound scanners.
The handheld wireless ultrasound scanners segment is likely to show a significant CAGR of 14% growth during the forecast period. The growing incidence of chronic and infectious illnesses, technical developments, and expanding use of handheld ultrasound equipment are just a few of the reasons driving the expected growth of the segment. For instance, according to National Program of Cancer Registries and the North American Association of Central Cancer Registries, 2022, in the United States, it is anticipated that there would be 1,918,030 new cancer cases and 609,360 cancer deaths, including around 350 deaths from lung cancer per day, which is the most common kind of cancer. Despite a 4% to 6% yearly increase in advanced illness since 2011, the incidence of prostate cancer remained steady from 2014 to 2018 while female breast cancer incidence continued to climb slowly (by 0.5% annually). As a result, over the last ten years, the percentage of prostate cancer cases identified at an advanced stage increased from 3.9% to 8.2%.
Wireless Ultrasound Scanner Market by Application
Based on the application, the global wireless ultrasound scanner market is segmented into acute care units, emergency rooms, obstetrician and gynecological units, intensive care units, and operating rooms.
The wireless ultrasound scanning devices used in obstetrics and gynecology are the ones with the highest CAGR growth rate globally throughout the predicted period. New launches and technological improvement are driving the segment’s growth. For instance, obstetricians and gynecologists can decide on a course of therapy using the portable ultrasound gadget Vscan ExtendTM. It is used to assess the mother's health, particularly any possible cardiac problems, and to look at the heart and positioning of the fetus. Furthermore, it monitors fluid levels and detects uterine fibroids.
Wireless Ultrasound Scanner Market by End User
Based on the end user, the global wireless ultrasound scanner market is segmented into diagnostic centers, specialty clinics, ambulatory surgical centers, hospitals, and others.
Based on end-users, the hospital segment is anticipated to have the greatest share over the projection period. Factors like the growing significance of outpatient surgery and the presence of high-end infrastructure are driving the market demand. A further factor driving market expansion is the availability of highly effective and competent individuals in the medical industry.
Wireless Ultrasound Scanner Market by Region
Based on the region, the global wireless ultrasound scanner market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
During the projected period, the North American wireless ultrasound scanner market is anticipated to dominate the global market share of 33%. The region's market is attributable to its well-developed healthcare system. The government and its supporters are taking more and more measures to create new technologies and implement payment schemes that benefit regular people. With the expansion of an advanced healthcare infrastructure and an increase in illnesses and infections, the US now has a dominant position in the North American portable ultrasound industry. The market is expanding since there are more significant companies producing portable ultrasound machines. In the region, Canada is expected to have considerable development. Most people in Canada utilize portable ultrasounds linked to AI applications that can instantly give remote diagnostic help after fast processing thousands of prior data points. One of the most used diagnostic technologies in Canada is ultrasonography. Butterfly Network unveiled Butterfly iQ in 2020. In collaboration with Health Canada, Butterfly Network has developed a portable ultrasound examination aid for users. Most Canadians who are pregnant utilize ultrasonography. Patients are employing pocket-sized portable ultrasounds because of increased patient knowledge of handheld technologies. Knowing the early signs of a chronic illness can benefit most individuals and perhaps save their lives. The Intelligent Network for Point-of-Care Ultrasound project was begun in Canada with the goal of creating and utilizing artificial intelligence-based portable ultrasound equipment.
During the projection period, it is anticipated that the Asia Pacific market for wireless ultrasound scanners would expand at a rapid CAGR. Growing discretionary spending, more patient knowledge of usage, and increased use of ultrasonography in hospitals are the factors propelling market expansion. Japan is anticipated to dominate the APAC market. The portable ultrasound market is rising in China due to the country's aging population. A considerable risk of rib fractures from falls from heights exists in people over 65. These individuals may evaluate their ribs with a portable ultrasound and continue their medical care. Additionally, ultrasonography imaging is crucial for treating the virus during the Covid-19 epidemic. The availability of a handheld tele-ultrasound system in Japan was announced by Royal Philips for 2020. The healthcare authorities in Japan have given Philips permission to launch the ultrasound solution for portable devices that are suitable. It is a premium portable ultrasound that is widely accessible throughout the nation. Due to the region's growing elderly population and dropping birth rate, the portable ultrasound equipment market is advancing. The elderly in Japan benefits as well from avoiding lengthy journeys.
Wireless Ultrasound Scanner Competitive Landscape
Some of the prominent market players in the global wireless ultrasound scanner market include,
Wireless Ultrasound Scanner Strategic Development
A portable medical device called a wireless ultrasound scanner, occasionally referred to as a wireless ultrasound transducer, enables healthcare providers to do ultrasound imaging without the requirement for a direct physical connection to a console or computer.
North America region is dominating in the global market.
The revenue CAGR of wireless ultrasound scanner market during the forecast period will be 7.8%.
Some of the prominent market players in the global wireless ultrasound scanner market include Fukuda Denshi, Siemens Healthineers, and GE Healthcare.
The handheld ultrasound scanner segment led the global wireless ultrasound scanner market.
*Insights on financial performance are subject to the availability of information in the public domain