Portable Ultrasound Device Market Opportunity Assessment Study

In 2015, the global portable ultrasound device market generated $1,392.8 million and is projected to advance at an 8.8% CAGR during the forecast period (2016–2022).
 
ALBANY, Calif. - March 11, 2020 - PRLog -- The market is growing due to the increasing geriatric population, technological advancements, rising prevalence of chronic diseases, increasing healthcare expenditure, and rising awareness regarding the benefits of portable ultrasound devices. An advanced ultrasound medical imaging system, which is convenient to carry at different places for therapeutic and diagnostic applications, is called a portable ultrasound device. They are easy to operate in remote areas and do not use ionizing radiation.

On the basis of application, the portable ultrasound device market (https://www.psmarketresearch.com/market-analysis/portable-ultrasound-device-market) is divided into obstetrics and gynecology, musculoskeletal, gastric, cardiovascular, and others. Out of these, the cardiovascular division accounted for the major share of the market during the historical period. Portable ultrasound devices are utilized for monitoring, diagnosing, and evaluating the anatomy of heart in patients who are suffering with heart diseases. These devices are used for evaluating contraction, blood flow in vessels and heart, and rhythm, identifying abnormal structures inside the heart, and assessing cardiac perfusion.

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The surging prevalence of chronic diseases is a key driving factor of the portable ultrasound device market. Because of altering lifestyle and lack of access to preventive care, the prevalence of chronic diseases, such as cancer and stroke, is rising rapidly. As per the Centers for Disease Control and Prevention, 52.5 million adults in the U.S. were diagnosed with chronic diseases, primarily arthritis, lupus, or fibromyalgia, during 2010–2012. Thus, in order to provide efficient disease treatment and diagnosis, several developments have taken place in the field of cardiac ultrasound.

Thus, the market is growing due to the increasing awareness regarding the benefits of portable ultrasound devices, geriatric population, and prevalence of chronic diseases.

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