Portable Ultrasound Bladder Scanner Market Is Estimated To Witness High Growth Owing To Rising Prevalence Of Urological Diseases
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 ultrasound bladder scanners are medical devices used to scan and analyze the size, shape and position of the bladder non-invasively. They generate real-time images of the bladder and estimate bladder volume by ultrasound technology. These scanners allow doctors to determine the fullness of the bladder without inserting a catheter. They are highly useful for patients with urinary problems or prior to surgeries related to urological conditions.
Market Dynamics:
The growth of the portable ultrasound bladder scanner market is driven by the rising prevalence of urological diseases worldwide. According to the National Kidney Foundation, over 661,000 Americans have end stage renal disease. Urinary incontinence affects nearly 25 million Americans and over 200 million people globally. Portable ultrasound bladder scanners are increasingly being used for urodynamic testing and monitoring of patients with urinary incontinence and other lower urinary tract symptoms. Furthermore, growing geriatric population who are more prone to urological disorders will also augment the demand for portable ultrasound bladder scanners over the forecast period. Technological advancements leading to development of miniaturized and more accurate devices will further support the market growth through 2030.
SWOT Analysis
Strength: Portable ultrasound bladder scanners offer non-invasive and radiation free solutions to detect bladder volume. They provide instant results and are easy to use. Their compact size allows for point-of-care usage.
Weakness: Portable ultrasound bladder scanners require skilled technicians to get accurate readings. Maintaining hygiene standards can also be challenging during use on multiple patients.
Opportunity: Rising geriatric population vulnerable to urological issues will drive demand. Growing awareness about benefits of non-invasive diagnostics as compared to conventional techniques present opportunities.
Threats: Strict regulatory approvals and quality standards set by regulatory bodies increase pressure on manufacturers. Stiff competition and pricing wars among existing players can impact revenue growth.
Key Takeaways:
The global Portable Ultrasound Bladder Scanner Market Share is expected to witness high growth, exhibiting a CAGR of 6.3% over the forecast period, due to increasing prevalence of urological disorders among geriatric population. Rising awareness about advantages of non-invasive diagnostic techniques as compared to conventional options is further propelling market expansion.
Regional analysis: North America dominates the global portable ultrasound bladder scanner market and is estimated to continue its dominance owing to rising healthcare expenditures and high adoption rates of novel diagnostic tools. The Asia Pacific region is poised to exhibit fastest growth due to increasing disposable incomes, growing medical tourism industry and raising awareness levels regarding bladder health.
Key players
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.
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