The market for handheld ultrasound scanners is anticipated to grow significantly, reaching an estimated US$ 1,404.397 million by 2031, up from US$ 354.60 million in 2023. This growth represents a compound annual growth rate (CAGR) of 18.8% from 2023 to 2031.
One of the prominent trends driving this market is the expanded application of protein expression systems, particularly in precision medicine. This is largely due to the incorporation of artificial intelligence (AI) and automation technologies into protein expression workflows, which enhance the efficiency, accuracy, and scalability of these processes.
Key Drivers of the Handheld Ultrasound Scanners Market
Growing Adoption of Handheld Point-Of-Care Ultrasound (POCUS) Devices
Point-of-care ultrasound (POCUS) serves as a versatile diagnostic tool, allowing healthcare professionals to integrate ultrasound imaging directly into patient assessments and interventions. This immediate access to imaging can expedite diagnosis and treatment, particularly in emergency situations. Consequently, POCUS has the potential to significantly enhance patient outcomes while also improving the efficiency of medical treatments. By optimizing the use of time and resources, POCUS can contribute to lowering healthcare costs. The rapid adoption of handheld ultrasound devices among healthcare providers is attributed to their portability, the quick availability of results to guide clinical decisions, and the absence of radiation exposure for patients. The recent surge in handheld ultrasound technology has improved access for many physicians, particularly in fields such as emergency medicine, critical care, and cardiology, where real-time diagnostic imaging is crucial for swift decision-making and better patient outcomes. This transition towards decentralized ultrasound services has led to a marked increase in the demand for handheld scanners.
Expansion of Telemedicine and Remote Monitoring to Foster Market Growth
The rise of telemedicine and remote patient monitoring is poised to create substantial opportunities for the handheld ultrasound scanners market. These portable devices are essential for broadening access to diagnostic imaging and improving patient care in remote or underserved regions. The capability to perform ultrasound examinations remotely through telemedicine enables healthcare providers to assist patients who lack access to conventional ultrasound services. This is particularly advantageous in rural areas where specialist access and advanced medical technologies may be scarce. Handheld ultrasound scanners, combined with high-speed internet, facilitate real-time image sharing and remote consultations, allowing for prompt diagnoses and treatment plans. For example, elderly patients can receive point-of-care ultrasound services from rural general practitioners (GPs) in their homes, thanks to tele-mentored handheld ultrasound systems (tele-HHUS).
Additionally, the growth of remote patient monitoring initiatives is driving the demand for portable diagnostic tools that patients can utilize at home or in non-clinical environments. Handheld ultrasound scanners are particularly well-suited for monitoring chronic conditions such as heart disease, lung disease, and vascular disorders, enabling patients to keep track of their health and receive timely interventions when necessary. The synergy between telemedicine and remote patient monitoring is propelling the adoption of handheld ultrasound scanners, as they offer a convenient, cost-effective, and accessible means of extending healthcare services beyond traditional settings. As technology continues to evolve and healthcare providers increasingly adopt telehealth and remote monitoring solutions, the use of handheld ultrasound scanners is expected to rise.
Handheld Ultrasound Scanners Market: Segment Analysis
The analysis of the handheld ultrasound scanners market is segmented based on product type, application, and end user.
- In terms of product type, the market is divided into instruments, reagents, expression vectors, and competent cells, with the instruments segment holding the largest market share in 2023.
- Regarding application, the market is categorized into genomic research, gene therapy, bioproduction, cancer research, and drug development, with genomic research accounting for the largest market share in 2023.
- For end users, the market is segmented into pharmaceutical and biotechnology companies, academic and research institutions, and clinical research organizations, with pharmaceutical and biotechnology companies leading the market in 2023.
Handheld Ultrasound Scanners Market: Regional Insights
The geographical analysis of the handheld ultrasound scanners market report is divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America. North America was the leading market in 2023, with a detailed analysis covering the US, Canada, and Mexico. The increasing prevalence of chronic diseases such as cancer, cardiovascular conditions, and respiratory illnesses, along with the development of innovative products and the presence of key market players, has driven the demand for handheld ultrasound scanners in North America. The US held the largest market share in this region in 2023. According to a report from the American Cancer Society Journal published in January 2024, approximately 2 million new cancer cases and 611,720 cancer-related deaths are projected in the US for 2024. The rising incidence of cancer is expected to boost the demand for ultrasound imaging devices, including handheld ultrasound scanners, which are compact and portable, designed for use in various settings to assist in the early diagnosis and treatment of cancer.