Portable Ultrasound Bladder Scanner Market

Portable Ultrasound Bladder Scanner Market: North America Projected to be the Most Attractive Regional Market over the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

North America grabs major revenue share of the global portable ultrasound bladder scanner market

The portable ultrasound bladder scanner market in North America region was estimated to account for more than 40% revenue share in 2016 and is expected to gain close to 100 BPS by 2026. The North America market is expected to be the most attractive market in the global portable ultrasound bladder scanner market over the forecast period and is expected to represent more than US$ 30 Mn in terms of incremental opportunity between 2016 and 2026. Our analysts estimate that the revenue from the North America market is anticipated to expand at a CAGR of 6.4% from 2016 to 2026 and to reach more than US$ 70 Mn by the end of 2026. The report reveals that the U.S. portable ultrasound bladder scanner market is likely to remain most attractive in North America with a market attractiveness index of 1.8. Revenue from this market in the U.S. is estimated to register a CAGR of 6.6% over the forecast period.

The Canada portable ultrasound bladder scanner market is expected to be the second most attractive market in the North America portable ultrasound bladder scanner market with an attractiveness index of 0.2 over the forecast period. Revenue from this market is expected to register a CAGR of 5.3% over the forecast period. The Hospital sub-segment by end user and 3D portable ultrasound bladder scanner sub-segment by product type are likely to dominate the North America portable ultrasound bladder scanner market during the projected period.

Rising incidence of urology diseases are increasing the demand in the portable ultrasound bladder scanner market in North America

Urological diseases such as urinary tract infections, bladder stones and kidney stones are rising at an alarming rate globally. Naturally, the growing incidence of urological diseases is creating a positive impact on the global portable ultrasound bladder scanner market in North America. Another factor which is creating robust development in the global portable ultrasound bladder scanner market in North America is the technological advancement in the medical field which has resulted in an increasing number of procedures/medications for urological diseases, leading to rising demand for ultrasound bladder scanners. For instance, in May 2016, Signostics received FDA clearance for Uscan - a smart, portable, highly reliable and the world’s first Mobile Connected Visualization Device specialised for urologic imaging needs and care. It comes with inbuilt Bluetooth and Wi-Fi connectivity and is compatible with Android operating systems. It became commercially available in the United States from June 2016.

  • Spending on health care services is rising through government or private mechanisms, which is also fuelling growth of the portable ultrasound bladder scanner market in North America region

  • Increased focus on acquisitions and collaborations among companies in North America is expected to drive the growth of the regional portable ultrasound bladder scanner market

  • Growing demand for non-invasive, painless procedures such as catheterisation is expected to fuel revenue growth of the North America portable ultrasound bladder scanner market

3D portable ultrasound bladder scanner and hospital sub-segments are estimated to be the most lucrative segments in the North America portable ultrasound bladder scanner market

The 3D portable ultrasound bladder scanner product type segment and hospital end user segment are the most lucrative segments in the portable ultrasound bladder scanner market in North America region. Hospitals segment dominated the North America portable ultrasound bladder scanner market in revenue terms in 2015 and is projected to continue to do so throughout the forecast period. Hospitals segment is the most attractive segment, with a market attractiveness index of 3.1 over the forecast period. The segment accounted for a market value share close to 70% in 2016 and is projected to account for more than 70% share by 2026 end. The 3D portable ultrasound bladder scanner segment is expected to be the second most lucrative segment in the North America portable ultrasound bladder scanner market, with an attractiveness index of 2.0 during the assessed period.

portable ultrasound bladder scanner market

U.S. based C R Bard Inc. acquires shares of Liberator Medical Holdings, a distributor of ostomy supplies

In January 2016, U.S. based C R Bard Inc. acquired shares of Liberator Medical Holdings, a distributor of ostomy supplies, urological catheters and diabetic medical supplies. This acquisition has helped the company enhance its position in the healthcare market in the U.S. Over the past few years, the company has acquired several organisations such as Medicon, Inc., Medafor, Inc., Neomend, Inc., Lutonix, Inc., Medivance, Inc. etc., which has resulted in increased profitability. 

Market share of key players

There are five key players operating in the global portable ultrasound bladder scanner market. Of these, Verathon Inc. and Signostics Inc. together account for around 85% of the global market revenues.

Future Market Insights in its recently published report “Portable Ultrasound Bladder Scanner Market: Global Industry Analysis and Opportunity Assessment, 2016–2026,” offers insights into developments in the global portable ultrasound bladder scanner market that are significantly transforming businesses and enterprises across the globe. According to Future Market Insights analysts, while researching this report the overall market approach has been taken into consideration where key stakeholders in the worldwide portable ultrasound bladder scanner market are focussing on developing differentiated products to retain market share. Manufacturers of portable ultrasound bladder scanners are focussing on the development of novel and cost-effective bladder scanner devices and are also establishing distribution agreements to increase geographic reach, especially in the Asia Pacific region. This comprehensive report on the global portable ultrasound bladder scanner market studies seven key regions across the globe and includes a market overview along with market forecast, drivers, restraints, trends and opportunities. 

The pricing analysis presented in the report includes the weighted average pricing of a single portable ultrasound bladder scanner. A demand-supply gap analysis has been carried out involving both marketplace discussions and desk research to determine pricing premiums. A country-wise analysis scenario includes price projections across various countries. Manufacturers and suppliers play a pivotal role particularly in the global portable ultrasound bladder scanner market and taking this into consideration, the value chain of the portable ultrasound bladder scanner market has also been analysed in this report. Our expert analysts have utilised PEST (Political, Economical, Social and Technological) analysis while drafting this report. Besides, a detailed global epidemiology of urological disorders has been included in the report to provide a clear picture of the market scenario across the globe. 

Unique report structure 

Primarily, the report on the global portable ultrasound bladder scanner market presents an overview of the entire market for portable ultrasound bladder scanner devices across the globe. The overview is followed by a market taxonomy, where the global portable ultrasound bladder scanner market is segmented on the basis of product, end user, and region. Future Market Insights has leveraged a bottom-up approach to assess market numbers for each product category and a top-down approach to counter-validate the reached numbers. Macro-economic indicators such as healthcare industry outlook, healthcare spending, and prevalence of cancer have been considered to arrive at the indicated market numbers. The analyst team has also provided key strategic recommendations for both existing and new players in the global portable ultrasound bladder scanner market to emerge sustainably profitable. The report further covers the competitive landscape that provides a dashboard view of companies that manufacture and provide services in the global portable ultrasound bladder scanner market. The report highlights company profiles of some of the key players and a strategic overview of mergers and acquisitions along with their expansion plans across different regions. The subsequent sections analyse the global portable ultrasound bladder scanner market on the basis of product type, end user and region, and present a comprehensive forecast for the period 2016–2026. The global portable ultrasound bladder scanner market is segmented as follows: 

By Product

By End User

By Region

  • 2D Portable Ultrasound Bladder Scanner

  • 3D Portable Ultrasound Bladder Scanner

  • Hospitals

  • Diagnostic Centres

  • Clinics

  • Ambulatory Surgical Centres

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • MEA

Research methodology 

A systematic research approach has been adopted while researching this report on the global portable ultrasound bladder scanner market. Rather than relying only on primary research, the analyst team at Future Market Insights has done in-depth secondary research to ascertain overall market size, top industry players, top products and industry associations. Data acquired through primary and secondary research has been validated through the triangulation method, and further scrutinised using advanced tools to obtain qualitative and quantitative insights into the industry. Given the volatile nature of the world economy, besides estimating the Compound Annual Growth Rate (CAGR) for the global and regional markets, the report also analyses the global portable ultrasound bladder scanner market on the basis of key growth parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities likely to emerge in the global portable ultrasound bladder scanner market during the forecast period. Further, the report studies the different market segments by conducting a Basis Point Share (BPS) analysis to understand the relative contribution of individual segments to overall market growth, thereby presenting a clear picture of the global portable ultrasound bladder scanner market.