The ultrasound bladder scanners market is expected to exhibit productive growth during the forecast period.
The global ultrasound bladder scanners market is expanding rapidly, with a value of US$ 122.4 million in 2017 and a projected value of US$ 207.2 million by 2026. Globally increasing urological disorders (urinary tract infections, urinary incontinence, and voiding dysfunction) will drive market growth, as will the use of advanced handheld or portable devices. New technological advancements in the field of mobile technology and improvements in clinical governance and healthcare infrastructure will further spur revenue growth. New product launches in the 3D portable segment, collaboration with small-scale medical technology companies, and expansion in developing nations are a few factors driving the overall growth of the market.
Market Synopsis
Portable devices are expected to register higher growth during the forecast period.
The adoption of 3D ultrasound bladder scanners is in demand due to their higher visualization quality, integrated algorithms, and mobile technology (Wi-Fi and Bluetooth connectivity). Newly manufactured products are also utilized in various applications, including emergency care, pediatrics, maternity, rehabilitation, oncology, and home care. The portable devices allow fast and consistent data management and interoperability with electronic health record systems. 3D devices hold the largest market share in the portable segment due to their ease with enhanced technology.
Increasing adoption of portable devices in the hospital segment will witness a significant CAGR.
Urological disorders are significant variables expected for the growth and development of the ultrasound bladder scanner market. Increasing procedures for urology, obstetrics-gynecology, surgery, rehabilitation, and others in the hospital segment have generated a significant market share at the present time. Growing demand for 3D products for various applications will spur revenue growth during the forecast period. The increasing adoption of new handheld devices with noninvasive measurements of bladder volume and integrated software tools for higher optimization and safety is driving market growth in the end-user segment.
Increasing population, new product approvals, and enhanced technology hold the U.S. in a dominant position.
In 2017, North America generated the most revenue in the global ultrasound bladder scanners market, which can be attributed to the rising prevalence of urological disorders, increasing diagnostic procedures, and increasing utilization of mobile portable ultrasound devices in clinics and hospitals. Portable ultrasound scanners provide excellent real-time results and reduce the need for catheterization in patients. The top medical device manufacturers are constrained to lower the overall costs of ultrasound bladder scanners for increasing penetration in developing nations worldwide. However, in nations with moderate economies, such as India, Brazil, South Africa, and others, the availability of advanced ultrasound models and diagnostic services is limited. A shortage of skilled professionals, high device costs (average of US$ 5,000-7,000), and unstructured reimbursement scenarios are some of the factors limiting the market growth.
Dominance of multinational manufacturers with strong product portfolios in the developed regions
Major players in the ultrasound bladder scanners market are GE Healthcare Inc., Patricia Industries (LABORIE), Carson, Roper Technologies, Inc., C. R. Bard, Inc., SRS Medical Systems, Inc., Mcube Technology Co., Ltd., Verathon Inc., Medline Industries, Inc., Vitacon, Mianyang Meike Electronic, dBMEDx, Inc., Meda Co., Ltd., ECHO-SON, Signostics, Inc., and others. Topmost companies are executing growth strategies along with new technology advancements in ultrasound bladder scanner models, new product launches, and partnerships with medical technology companies. For example, in May 2016, Signostics received U.S. FDA approval for UscanTM, the world's first smart, mobile-connected ultrasound visualization device for urology care.
Periods of History and Forecast
This study report includes an analysis for each segment from 2016 to 2026, with 2017 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2018 to 2026.
Report Scope by Segments
The current report also includes qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities, which provide a more comprehensive understanding of the overall ultrasound bladder scanner market. Additionally, the global report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolios, and business strengths.
Key questions are answered in this report.
What are the current market trends and dynamics in the market for ultrasound bladder scanners, and what are the valuable opportunities for emerging players?
What is the market positioning of the major market players?
What effect do high prices have on the market for ultrasound bladder scanners?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and the Middle East and Africa?
Frequently Asked Question:
The market for Ultrasound Bladder Scanner Market is expected to reach USD$ 207.2 Mn in 2026.
The Ultrasound Bladder Scanner Market is expected to see significant CAGR growth over the coming years, at 6.0%.
The report is forecasted from 2018 -2026.
The base year of this report is 2017.
GE Healthcare Inc., Patricia Industries (LABORIE), Carson, Roper Technologies, Inc., C. R. Bard, Inc., SRS Medical Systems, Inc., Mcube Technology Co., Ltd., Verathon Inc. are some of the major players in the global market.
