July 21, 2024
Portable Ultrasound Bladder Scanner Market

Rising Prevalence of Urological Disorders to Boost Growth of the Portable Ultrasound Bladder Scanner Market

The global 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:

A portable ultrasound bladder scanner is a medical device that uses ultrasound technology to measure bladder volume non-invasively. It provides real-time bladder volume measurements which help physicians and nurses determine whether the bladder is empty or full. The device transmits sound waves into the bladder through a probe placed over the lower abdomen. The sound waves bounce off the bladder walls and other structures, and the reflected sound signals generate images of the bladder content and volume. Portable bladder scanners are useful for bladder management in patients suffering from urinary incontinence, urinary retention, pre/post-surgery care, and other urological disorders. They enable safe, non-invasive assessment of bladder volume without the need for catheterization. The portability, ease of use, and accuracy of bladder scanners make them ideal for clinical as well as home healthcare settings.

Market Key Trends:

One of the key trends in the portable ultrasound bladder scanner market is the increasing incidence of urological disorders worldwide. According to the Urology Care Foundation, about 25 million Americans experience urinary incontinence, a common urological condition. Additionally, around 6 million Americans have problems with emptied their bladder completely on their own. The rising geriatric population is another factor fueling the incidence of urological disorders globally as age is one of the major risk factors. Advanced features of new portable bladder scanners such as automatic volume calculation, touchscreen displays, compact size, and Wi-Fi connectivity are also augmenting their adoption in healthcare facilities. Various technological advancements including faster scanning, better image quality, and integration of artificial intelligence further expand the potential applications and diagnostics of portable bladder scanners.

Porter’s Analysis

Threat of new entrants: Low as it requires high initial investment and R&D to develop new technologies in this specialized medical device market.

Bargaining power of buyers: Moderate as there are many established manufacturers providing similar products, however specialized clinical applications provide some differentiation.

Bargaining power of suppliers: Low due to availability of many component suppliers and proprietary technologies used by manufacturers.

Threat of new substitutes: Low as portable ultrasound technology has benefits over other bladder scanning modalities and is continuously being improved.

Competitive rivalry: High among the top players to gain greater market share through new product launches and expanded applications.

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 and rising prevalence of urinary tract disorders.

The market in North America is expected to hold the largest share due to advanced healthcare infrastructure and greater adoption of novel medical imaging technologies. Asia Pacific is anticipated to be the fastest growing market owing to rising medical tourism, increasing healthcare spending and large patient pool.

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