by The 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 Overview:
Portable bladder scanners are medical devices that assist in non-invasive bladder volume measurement. They provide easy-to-read images and measurements of the bladder without the use of ultrasound gel or catheter insertion. The portable ultrasound bladder scanner is a painless procedure to assess bladder volume through ultrasound imaging in just seconds. They help determine when an individual needs to urinate and assist healthcare professionals in appropriate management of urinary incontinence and retention especially in elderly patients.
Market Dynamics:
Growing geriatric population: Rising elderly population worldwide prone to urinary incontinence and other urological issues is a major driver. As per WHO, number of people aged 65 years and above is projected to reach 1.5 billion by 2050 from 700 million in 2019. Early diagnosis and monitoring of bladder conditions in elderly will drive the demand.
Telemedicine: Increasing adoption of telehealth and telemedicine during covid-19 pandemic has opened new opportunities. Portable bladder scanners aid remote monitoring of patients and enable doctors to examine bladder health virtually. This factor is anticipated to fuel the market growth over the forecast period. Additionally, features like portability and easy to use design make them suitable for home healthcare and teleconsultations.
Segment Analysis
The portable ultrasound bladder scanner market is dominated by the hospitals and diagnostic centers sub segment. Over 60% of total portable ultrasound bladder scanner sales happen in this segment as hospitals and diagnostic centers own majority of bladder scanners and conduct maximum tests related to bladder problems. Portable bladder scanners see high demand in hospitals and diagnostic centers due to increasing urinary retention issues in aging population and rising urology patient volume.
PEST Analysis
Political: The portable ultrasound bladder scanner market sees moderate political impact as healthcare remains an important issue across nations. Some countries provide insurance coverage or public funding for bladder scanners to enhance access.
Economic: The global economy being in recovery mode post pandemic influences demand positively. Affordable payment options aid patient acquisition.
Social: Aging population and increased risk of bladder control issues boost demand. Patient awareness regarding bladder health assessment grows.
Technological: Advanced portable devices with high resolution and wireless connectivity see increased uptake. AI integrated solutions for automated diagnosis are emerging.
Key Takeaways
The global Portable Ultrasound Bladder Scanner Market Share is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing geriatric population suffering from urinary incontinence and rising hospitalization rates.
The Asia Pacific region is expected to witness the fastest growth in the portable ultrasound bladder scanner market during the forecast period due to increasing healthcare expenditures, growing incidences of urological disorders, rising medical tourism and rapidly developing economy.
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, Â 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., Â 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
