April 18, 2024
Portable Ultrasound Bladder Scanner Market

The Portable Ultrasound Bladder Scanner Market Is Expected To Driven By Increasing Geriatric Population

The global Portable Ultrasound Bladder Scanner Market plays an important role in urology as it provides a non-invasive way to measure bladder volume through the use of ultrasound technology. Portable bladder scanners are compact devices that are convenient for use in various healthcare settings such as hospitals, outpatient clinics, diagnostic centers, and long-term care facilities. It provides advantages like no radiation exposure, minimal discomfort, and real-time scanning to get highly accurate bladder volume readings. Assessing bladder volume through portable bladder scanners helps doctors in effectively managing urinary problems like urinary incontinence and urinary retention in elderly patients. The need for such non-invasive diagnostic tools is increasing with the rising geriatric population globally which is the primary demand driver for the portable bladder scanner market.

The global Portable Ultrasound Bladder Scanner Market is estimated to be valued at US$ 142.2 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends gaining traction in the portable ultrasound bladder scanner market is the increased adoption of portable devices with enhanced features. Manufacturers are focusing on developing new technologies that offer accurate measurements along with advantages like intuitive touchscreen interfaces, portability, longer battery life, compact design, and wireless connectivity. For instance, devices integrated with artificial intelligence and machine learning capabilities are helping in automated diagnosis and interpretation of ultrasound images. Cloud connectivity in newer devices is also supporting remote monitoring and diagnostic capabilities. Such advanced features are driving the demand for portable ultrasound bladder scanners in healthcare facilities.

Porter’s Analysis

Threat of new entrants: Low, as the portable ultrasound bladder scanner market is consolidating with few established players holding major market share. Significant initial investments and regulatory compliances pose barriers.

Bargaining power of buyers: Moderate, as buyers have several product alternatives but product differences with respect to functionality keep bargaining power in check.

Bargaining power of suppliers: Low, as key components such as sensors and chipsets have standardized production and are available from multiple global sources.

Threat of new substitutes: Low, as portable ultrasounds have distinct advantages over conventional diagnostics with non-invasive monitoring and real-time imaging.

Competitive rivalry: High, as the market comprises major players competing on product features, pricing, and regional expansion. Increasing demand intensifies competition.

Key Takeaways

The Global Portable Ultrasound Bladder Scanner Market Demand  is expected to witness high growth over the forecast period driven by increasing geriatric population, rising urological disorders, and technological advancements. The global Portable Ultrasound Bladder Scanner Market is estimated to be valued at US$ 142.2 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030.

The North America region currently dominates the market and is expected to continue its dominance during the forecast period led by growing demand for innovative diagnostic technologies in the U.S. and Canada.

Key players operating in the portable ultrasound bladder scanner market are C. R. Bard, Inc. (Becton, Dickinson and Company), dBMEDx Inc., Healcerion Co., Ltd., Verathon Inc., SRS Medical Systems Inc., Laborie Medical Technologies Inc., Lilium Otsuka Co. Ltd, Echo Son SA, Signostics Inc., Sonostar Technologies Co., Limited, Caresono Technology Co., Ltd., EchoNous, Roper Technologies, Inc., canon medical systems corporation , Koninklijke Philips N.V., Siemens Healthcare GmbH, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., alpinion medical systems co., Samsung healthcare and GE Healthcare Inc.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it