The size of the Portable Ultrasound Market in Europe was worth USD 1.71 billion in 2023 and estimated to be growing at a CAGR of 7.34%, to reach USD 2.44 billion by 2028.
The growth in Point-of-Care Applications and developments in Ultrasound technology is leading the way forward for the European portable ultrasound market. In critical care units (ICUs), point-of-care ultrasonography (POCUS) has become an indispensable tool. Furthermore, rapid developments in ultrasound technology are expanding the market share in the Europe region. The demand for diagnostic ultrasound is increasing due to the rise in the prevalence of chronic diseases and conditions as it helps in primal detection. The market expansion is expected to be accelerated by the growing geriatric population and the growing demand for ultrasound imaging technologies for less invasive diagnostics and therapeutics.
With advancements in technology, ultrasound technology should become more compact, adaptable, and able to produce images with greater quality. Although ultrasound can correctly diagnose COVID-19, its full potential will only be realized when it is integrated into the hands of practitioners outside of radiology departments. The future of ultrasound technology is expected to focus on several key areas like enhanced image quality, 3D & 4D imaging, artificial intelligence, wireless and portable devices, ultrasound-guided interventions, functional and molecular imaging, elastography and shear wave imaging, holographic and virtual reality imaging, fetal imaging and monitoring, and On-medical application
One of the prime factors limiting the growth of the European portable ultrasound market is the high cost associated with it. The investment can present a notable obstacle for certain healthcare institutions, especially smaller clinics and those situated in areas with limited resources.
End consumers are becoming more and more in demand for reconditioned equipment, challenging the European portable ultrasound market value. Also, Guidelines for identifying reconditioned ultrasound equipment are being promoted by independent associations and government organizations such as the Japan Federation of Medical Devices Associations and the US FDA. Furthermore, the lack of proper training of emergency department physicians, medical students, nurses, community healthcare workers, and general practitioners is hampering the portable ultrasound market in Europe.
Impact of COVID-19 on the Europe Portable Ultrasound Market:
There was a significant impact of COVID-19 on the European portable ultrasound market. The demand for lung ultrasound for detecting COVID-19 went upwards. Lung ultrasound (LUS) exhibits higher sensitivity than X-ray in individuals experiencing acute respiratory failure. Therefore, lung ultrasound is advised for the prompt identification and evaluation of the severity of respiratory conditions in dialysis patients, aiding in secure patient distribution amid the COVID-19 pandemic.
This research report segmented and sub-segmented into the following categories:
Europe Portable Ultrasound Market - By Device Type:
The handheld ultrasound device segment dominates the segment with the highest market share for portable ultrasound devices in Europe. Most of its use is in a variety of medical disciplines, including internal medicine, musculoskeletal, cardiology, obstetrics and gynecology, vascular, and urology.
Europe Portable Ultrasound Market - By Application:
The gastric portable ultrasound device is holding the major share in the segment of the European portable ultrasound device. However, the obstetrics and gynecology Portable ultrasound device is poised to expand during the forecast period.
Europe Portable Ultrasound Market - By End User:
The hospital segment is having the maximum market share in this segment and is estimated to elevate further during the forecast period.
Europe Portable Ultrasound Market -By Country:
The UK Europe portable ultrasound market is growing at a faster growth rate due to the aging population and rising demand for minimally invasive technologies, which are the main factors propelling the UK market expansion.
Germany's portable market accounts for a considerable market share in the region owing to the implementation of a multi-payer, universal healthcare system, which will improve patient access to ultrasound imaging.
France, Europe's portable ultrasound market, is expected to register an upward trend in the demand for portable ultrasound devices. Also, a long-term investment strategy is luring talent to health-technology start-ups, positioning Paris as a center for these kinds of businesses.
Italy's portable ultrasound market is likely to witness expansion in its market share as a result of the rising occurrence of chronic diseases. The country's substantial tuberculosis load is predicted to raise the need for effective diagnosis, consequently increasing market growth.
Spain Europe portable ultrasound market share is likely to gain traction in the near future. Spain has a high hospital death rate and a high burden of ischemic heart disease. Family doctors may now access point-of-care applications thanks to portable ultrasound scanners.
Key Market Developments:
In August 2023, a wireless handheld device called Vscan Air SL for ultrasound was launched by GE Healthcare for quick analysis of cardiac and vascular patients
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