The continually increasing incidences of chronic diseases are expected to lead to an increase in the number of patients who will require advanced diagnostic and treatment options. Emerging markets will be affected the most as population growth is anticipated to be significant in developing nations, especially in India and China, increasing the healthcare expenditure in these countries. Advances in precise detection and diagnosis of diseases will also help contain the costs of treating chronic conditions. According to the World Health Organization, global chronic disease prevalence is expected to rise by around 57% by 2020 with obesity rates and cases of diseases such as diabetes rising rapidly, driving the demand for ultrasound devices to diagnose patients. The earlier diagnosis for patients using ultrasound devices also helps reducing the overall healthcare expenditure. An expected increase in the number of patients with chronic diseases will drive the use of portable ultrasound devices and fuel the growth of the market.

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The increasing awareness about advantages of portable medical devices is expected to support the growth of the portable ultrasound devices market during 2018-2022. The global access to online information about portable medical devices in general leads to an increase in awareness among the global population, and the industry will benefit from growing internet penetration globally.

According to Cisco, the global internet penetration will rise to around 58% by 2021 comparing to around 44% in 2016. Social media technologies are also expected to aid portable ultrasound devices manufacturing companies promote their goods and services directly to the customers.

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The portable ultrasound devices market consists of the sales of portable ultrasound devices and related services by entities that manufacture portable ultrasound devices for use in the healthcare industry.

The medical equipment market, of which the portable ultrasound devices market is a segment, is segmented into in-vitro diagnostics, cardiovascular devices, diagnostic equipment, orthopedic devices, hospital supplies, ophthalmic devices, nephrology and urology devices, patient monitoring devices, dental equipment and supplies, wound care devices, diabetes care devices, surgical equipment, ENT devices, anesthesia and respiratory devices and neurology devices.

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The portable ultrasound devices market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast growth by geography. It places the market within the context of the wider medical equipment market, and compares it with other markets.