Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Portable Ultrasound Bladder Scanner Market – Insights
Portable ultrasound bladder scanner is a transportable ultrasound medical device that is used to digitally measure bladder volume. It is mainly used as a diagnostic aid to assess urological conditions. Portable ultrasound bladder scanner is used as an alternative to urinary catheters, as urinary catheterization carries high risk of urinary tract infection, urethral trauma, and other urological diseases.
The global portable ultrasound bladder scanner market is estimated to account for US$ 181.2 Mn in terms of value by the end of 2027.
Global Portable Ultrasound Bladder Scanner Market: Drivers
High prevalence of urological diseases is expected to propel growth of the global portable ultrasound bladder scanner market over the forecast period. For instance, according to International Continence Society, in 2018, 63 million people suffered from urgency urinary incontinence worldwide.
Accuracy and easy-to-use features of portable ultrasound bladder scanner are also expected to aid in growth of the market. Portable ultrasound bladder scanner is easy to use and well tolerated by patients. It is accurate, reliable, cost-effective, and noninvasive way to diagnose urological problems in both adults and children.
North America region held dominant position in the global portable ultrasound bladder scanner market in 2019, accounting for 40.7% share in terms of value, followed by Asia Pacific.
Figure 1. Global Portable Ultrasound Bladder Scanner Market Share (%), by Region, 2019
Global Portable Ultrasound Bladder Scanner Market: Restraints
High cost of portable ultrasound bladder scanners is expected to hinder growth of the market. Urological treatments, including surgeries and non-invasive treatments, are associated with high costs making them inaccessible to people in the middle and low-income groups. Moreover, non-invasive treatments require a series of sessions to achieve the desired result, which results in high overall cost of the treatment.
Moreover, bladder scanner measurements with portable ultrasound bladder scanner are less accurate when measuring larger bladder volumes, which is also expected to limit growth of the market to some extent.
Global Portable Ultrasound Bladder Scanner Market: Opportunities
The demand for portable devices and mobile connected visualization devices for diagnostic applications is higher compared to that for conventional devices. This is owing to various benefits of portable devices such as high accuracy, easy-to-use, real-time ultrasound imaging, and fully automated techniques.
Moreover, shortage of general practitioners in emerging economies is also expected to aid in growth of the market. For instance, according to Competition Commission of South Africa’s preliminary health market inquiry findings released in July 2018, the estimated yearly average of doctors per 1,000 patients was 1.75 in the private sector between 2010 and 2014.
3D Portable Ultrasound Bladder Scanner segment in the global portable ultrasound bladder scanner market was valued at US$ 101.7 Mn in 2019 and is expected to reach US$ 169.5 Mn by 2027 at a CAGR of 6.6% during the forecast period.
Market Trends/Key Takeaways
Ultrasound on a chip is the new trend in portable ultrasound bladder scanners. This technology carries thousands of sensors that wobble to produce three of the ultrasonic wave patterns: linear, curved, and phased.
Portable ultrasound bladder scanners use the Core ML feature in newer models of iPhones and iPads to facilitate refined processing of data and imagery on the mobile device.
- Market players sell their portable ultrasound bladder scanners to various distributors
- Distributors i.e. wholesalers, retails, and other end users companies sell portable ultrasound bladder scanners to hospitals, diagnostic centers, clinics, and ASCs
- Manufacturers also have their own representatives, which target urologists and related healthcare professionals for sale of their devices
- The entire value chain comprises of the costs related to raw material, processing, packing, sales and distribution, advertising, logistics & inventory management
Global Portable Ultrasound Bladder Scanner Market: Competitive Landscape
Major 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.
Global Portable Ultrasound Bladder Scanner Market: Key Developments
Major players in the market are focused on product approval and launch to expand their product portfolio. For instance, in November 2019, Clarius Mobile Health launched a portfolio of portable ultrasound scanners powered by AI.
Similarly, in February 2019, EchoNous, a medical device company based in the U.S., launched EchoNous Bladder, a portable, compact, and AI powered ultrasound probe.