"Ultrasound bladder scanners market to exhibit productive growth during the forecast period"

The global ultrasound bladder scanners market is growing fruitfully, valued at US$ 122.4 Mn in 2020 and expected to reach US$ 244.4 Mn by 2029. Worldwide increasing urological disorders (urinary tract infections, urinary incontinence, and voiding dysfunction) along with utilization of advanced handheld or portable devices will drive the overall market growth. New technological advancements in the field of mobile technology, improvement in clinical governance and healthcare infrastructure will further spur revenue growth. New product launches in 3D portable segment, collaboration with small scale medical technology companies and expansion in developing nations are few factors driving the overall growth of the market.

"Portable devices expected to register higher growth during the forecast period"

Adoption of 3D ultrasound bladder scanners is in demand due to its higher visualization quality, integrated algorithms, and mobile technology (Wi-Fi, 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 holds maximum market share in the portable segment due to its ease with enhanced technology.

"Increasing adoption of portable devices in the hospital segment to witness a significant CAGR"

Urological disorders are significant variables expected for the growth & development of the ultrasound bladder scanners market. Increasing procedures for urology, obstetrics-gynecology, surgery, rehabilitation, and others in the hospitals segment generated a significant market share in the present time. Growing demand for 3D products for various applications will spur revenue growth during the forecast period. Increasing adoption of new handheld devices with noninvasive measurements of bladder volume along with integrated software tools for higher optimization and safety is driving the market growth in the end user segment.

"Increasing population, new product approvals with enhanced technology holds the U.S. in dominant position"

In 2020, North America generated maximum revenue in the global ultrasound bladder scanners market 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 deliver great results in real-time and reduces 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 the developing nations worldwide. However, in moderate monetary nations such as India, Brazil, South Africa, and others, the availability of advanced ultrasound models along with diagnostic services is limited. Shortage of skilled professionals, high cost of devices (avg. cost US$ 5,000 – 7,000), and unstructured reimbursement scenario are few factors restraining the growth of the market.

"Dominance of multinational manufacturers with strong product portfolio in the developed regions"

Major players in the ultrasound bladder scanners market are GE Healthcare Inc., Patricia Industries (LABORIE), Caresono , 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 advancement in ultrasound bladder scanners models, new product launch, and partnerships with medical technology companies. For example, in May 2019, Signostics received U.S. FDA approval for Uscan™, world’s first smart mobile-connected ultrasound visualization device for urology car

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Ultrasound Bladder Scanner market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Ultrasound Bladder Scanner market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Ultrasound Bladder Scanner market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Ultrasound Bladder Scanner market?
• Which is the largest regional market for Ultrasound Bladder Scanner market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Ultrasound Bladder Scanner market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Ultrasound Bladder Scanner market worldwide?