by Portable ultrasound bladder scanners are medical devices used to diagnose urinary retention by measuring urine volume in the bladder non-invasively. They can be used in healthcare facilities and at home to monitor bladder problems and prevent urinary tract infections (UTIs). The devices help prevent urinary catheterization and associated risks of infection and injury. Point-of-care portable scanners are easy to use and do not require much training.
The global portable ultrasound bladder scanner market is estimated to be valued at US$ 163.82 Mn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
An Increase in the Average Age of Vehicles and Growing Prevalence of Urological Diseases
One of the key drivers for the growth of the portable ultrasound bladder scanner market is the rising prevalence of urological diseases globally. Urinary incontinence and other bladder problems are common among geriatric population. Portable scanners help in non-invasive diagnosis and monitoring of such conditions. For example, according to the National Association for Incontinence, over 25 million Americans experience urinary incontinence and the number continues to rise as the average age increases. Along with the growing geriatric population, rising risk factors like obesity, neurological disorders and childbirth injuries are also driving the demand for bladder scanners.
Additionally, an increasing number of vehicles on the road every year has led to overcrowding and traffic congestion in major cities. This has increased the average age of vehicles plying on roads. As vehicles age, the maintenance and repair costs continue to rise. Therefore, consumers are holding onto their vehicles for longer durations instead of replacing them, driving growth in the aftermarket. This is expected to significantly drive the automotive infotainment market during the forecast period.
SWOT Analysis
Strength: Portable ultrasound bladder scanners provide non-invasive imaging of the bladder without the need for hazardous radiation. These devices are easy to use and provide quick scans, helping medical professionals efficiently diagnose conditions related to the bladder. Three sentence explanation.
Weakness: High costs associated with portable ultrasound bladder scanners can restrict their adoption in price sensitive markets. Lack of trained professionals to operate these advanced medical devices is another weakness. Three sentence explanation.
Opportunity: Rising geriatric population susceptible to urological conditions like urinary incontinence presents an opportunities for market growth. Rapidly improving healthcare infrastructure in developing nations also offers scope for sales of portable ultrasound bladder scanners. Three sentence explanation.
Threats: Strict regulations pertaining to the marketing and sale of medical equipment poses threats for new players. Growing preference for alternative diagnostic modalities like MRI and CT scans also challenges the market. Two sentence explanation.
Key Takeaways
The Global Portable Ultrasound Bladder Scanner Market Demand is expected to witness high growth over the forecast period of 2024 to 2031. Rapid technological advancements are driving innovations in portable medical scanning devices. Regulatory approvals for novel product variants will further stimulate market revenues. The global portable ultrasound bladder scanner market is estimated to be valued at US$ 163.82 Mn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031.
Regional analysis: North America dominates the portable ultrasound bladder scanner market currently due to rapid adoption of advanced healthcare technologies. Presence of leading market players and favorable reimbursement policies support the growth of this regional market. Asia Pacific is expected emerge as the fastest growing regional market owing to rising healthcare investments and expanding patient pool requiring urological treatments.
Key players: Key players operating in the portable ultrasound bladder scanner market are Verathon, DBMEDx, Vitacon, SRS Medical, C. R. Bard, MCube Technology, Meike, and Signostics. The rising demand for easy-to-use diagnostic tools will compel these companies to launch affordable and innovative portable ultrasound bladder scanner devices.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
