Global portable ultrasound devices market estimated to reach USD 1,273.8 million by 2021

According to a market research report published by Market Study Report, the global portable ultrasound devices market, which generated revenue worth USD 946.5 million in 2015, is expected to reach USD 1,273.8 million by 2021 by growing at a compound annual growth rate of 5.1%. The major factors contributing to the growth of the market include a wide range of its applications, rapid imaging ability, rising rate of adoption of the technology, governmental support and affordability. Based on types, these devices have been segmented as portable bedside systems, hand-carried and handheld systems. Hand-carried systems and handheld systems are more popular in the developing countries such as African countries, where hospital-based imaging services are rarely available. These devices can be used for radiology, gynecology, and cardiology applications. The growth restricting factor is that a portable ultrasound is still considered as an alternative and not as a substitute to conventional ultrasound. The major global players of this market are Philips Healthcare, GE Healthcare, Sonosite/Fujifilm, Hitachi Healthcare, Fukuda, Mindray, Toshiba Medical Systems, Samsung Medical, and Siemens Healthcare.