TOP 10 COMPANIES IN PORTABLE ULTRASOUND MARKET

The Portable Ultrasound Market is expected to grow at a CAGR of 7.9% from 2024 to 2031 to reach $3.8 billion by 2031. The portable ultrasound market includes consumables, instruments, and software & services. The growth of the portable ultrasound market is driven by factors such as the rise in the geriatric population and the subsequent increase in the prevalence of chronic diseases, the growing adoption of portable medical devices in emergency care settings, the proliferation of hospitals, and the increasing demand for handheld ultrasound devices in ambulatory care centers and dialysis centers. The growing preference for portable ultrasound devices over standard ultrasound machines among healthcare professionals and the rising demand from emerging economies are expected to create growth opportunities for players operating in this market.

Here are the top 10 companies operating in the Portable Ultrasound Market

GE Healthcare Technologies Inc. (U.S.)

Founded in 2023 and headquartered in Illinois, the U.S., GE HealthCare Technologies Inc. develops and distributes medical technology, pharmaceutical diagnostics, and digital solutions. The company develops, manufactures, and markets a broad service and product portfolio, and complementary digital solutions which are used in diagnosis, treatment, and patient monitoring. The company operates in four business segments, namely Imaging, Ultrasound, Patient Care Solutions (PCS), and Pharmaceutical Diagnostics (PDx). The company’s wide portfolio offers diagnosis, screening, monitoring, and treatment of certain diseases.

The company operates in the portable ultrasound market through its ultrasound business segment. The company’s portfolio of the ultrasound business segment and associated service capabilities serves its customers across five clinical areas, namely women’s health, point of care and handheld, cardiovascular, surgical visualization & guidance, and radiology and primary care.

The company has a direct presence in more than 160 countries. It operates through 43 manufacturing sites situated across 17 countries and has R&D sites in 18 countries, including the U.S., Canada, China, France, Germany, the U.K., Israel, India, Brazil, Mexico, Sweden, Denmark, Austria, Germany, France, Norway, Japan, Ireland, and South Korea.

Some of its subsidiaries operating in the portable ultrasound market are BK Medical UK Limited (U.K.), GE Healthcare B.V. (Netherlands), GE Medical Systems Italia SpA (Italy), and GE Medical Systems Limited (U.K.).

Koninklijke Philips N.V. (Netherlands)

 Founded in 1891 and headquartered in Eindhoven, the Netherlands, Koninklijke Philips N.V. develops, manufactures, and distributes diagnosis and treatment solutions. These solutions support precision diagnosis and minimally invasive interventions and therapy, products for oral healthcare, mother & childcare, and personal care. Philips operates through four reportable business segments, namely Personal Health, Diagnosis & Treatment, Connected Care, and Other. The Diagnosis & Treatment business segment consists of Precision Diagnosis and Image Guided Therapy. The company operates in the portable ultrasound market through its Diagnosis & Treatment business segment (Precision Diagnosis).

Koninklijke Philips N.V. has a geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The company has several manufacturing sites in North America, including New York, California, Pennsylvania, and others. The company has four regional innovation hubs, including the U.S., India, Europe, and China.

 Siemens Healthineers AG (Germany)

Founded in 1847 and headquartered in Erlangen, Germany, Siemens Healthineers AG offers healthcare products, solutions, and services. The company serves its products and services to the end users, including universities, hospitals, public health agencies, public and private clinics and laboratories, pharmaceutical companies, public and private health insurers, clinical research institutes, and physicians/joint medical practices. The company operates in four business segments, namely Imaging, Diagnostics, Varian, and Advanced Therapies.

The company’s Imaging business segment offers services, solutions, imaging devices, and digital offerings. The company operates in the portable ultrasound market through its Imaging business segment. Its most significant products are ultrasound, molecular imaging, computed tomography, magnetic resonance imaging devices, and X-rays.

Siemens Healthineers AG has a strong presence in over 70 countries across the world. The company’s main production sites are the U.S., Germany, and China. The company develops, manufactures, and sells a wide range of therapeutic and innovative diagnostic products & services to healthcare providers in over 180 countries.

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)

Founded in 1991 and headquartered in Shenzhen, China, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. provides a wide range of medical devices and IT ecosystem solutions. The company operates through three business segments, namely Patient Monitoring & Life Support, In-Vitro Diagnostics, and Medical Imaging. The Medical Imaging business segment offers ultrasound diagnostic systems, PACS, and digital X-ray imaging systems. The company offers ultrasound diagnostic systems to hospitals, clinics, and imaging centers, as well as dedicated solutions for different sub-sectors of clinical specialties covering liver fibrosis, obstetrics, anesthesia, intervention, radiology, critical care, gynecology, etc.

The company has branches in more than 30 provinces and autonomous regions in China and subsidiaries in more than 40 countries globally, along with 21 subsidiaries and more than 30 branches in China. The company has 51 subsidiaries in North America, Europe, Asia, Africa, Latin America, and other regions, and its products are exported to more than 190 countries and regions. The company has established strategic partnerships with medical institutions in the U.S., the U.K., Italy, Spain, Germany, and France.

Butterfly Network, Inc. (U.S.)

Founded in 2011 and headquartered in Massachusetts, the U.S., Butterfly Network, Inc. develops, produces, and sells ultrasound imaging solutions. The company offers medical equipment using ultrasound technology with AI. The company’s ultrasound-on-chip technology and Butterfly iQ+ enable whole-body imaging through a single handheld probe. This makes ultrasound more accessible to healthcare institutions by allowing them to use ultrasound in evaluation, diagnosis, and treatment.

The company sells products through its independent distributors and directly sells through its eCommerce channel in 30 countries including the U.S., Australia, France, India, Denmark, Ireland, Singapore, the U.K., South Africa, and others.

Meticulous Research in its latest publication on Portable Ultrasound Market has predicted the growth of 7.9% during the forecast year 2024-2031.

 Konica Minolta, Inc. (Japan)

Founded in 1873 and headquartered in Tokyo, Japan, Konica Minolta, Inc. develops, manufactures, and sells multi-functional peripherals (MFPs), digital printing systems, and related consumables, diagnostic imaging systems such as x-ray machines, and ultrasound machines, genetic testing, and measuring instruments. The company operates through four business segments, namely Digital Workplace Business, Professional Print Business, Healthcare Business, and Industry Business. The company offers its diagnostic ultrasound products through the Healthcare business by providing portable ultrasound machines for several applications.

The company has a wide sales network and provides its services in more than 150 countries, such as the U.S., Japan, India, China, and others. As of March 2022, the company had 166 consolidated subsidiaries. Some of its subsidiaries operating in the portable ultrasound market are Konica Minolta Healthcare Americas, Inc. (U.S.), Konica Minolta Medical Imaging U.S.A., Inc. (U.S.), and Konica Minolta Healthcare India Pvt Ltd. (India).

 Samsung Medison Co. Ltd. (South Korea)

Founded in 1985 and headquartered in Seoul, South Korea, Samsung Medison Co. Ltd. manufactures diagnostic ultrasound systems worldwide across several medical fields, including cardiovascular, general imaging, and obstetrics. The company offers hybrid systems that fulfill the clinical needs of multiple users based on their usability and high image quality, suitable for point-of-care diagnosis.

Samsung Electronics Co. Ltd. acquired Samsung Medison Co. Ltd. in December 2010. The company distributes its products through its subsidiaries and over 100 partners globally. It has a geographical presence in the U.S., Canada, Argentina, Mexico, Brazil, Algeria, Saudi Arabia, UAE, China, India, Hong Kong, Germany, Spain, Italy, the Netherlands, Denmark, and Sweden, among others.

 FUJIFILM Sonosite, Inc. (U.S.)

FFounded in 1986 and headquartered in Washington, the U.S., FUJIFILM Sonosite, Inc. offers portable point-of-care ultrasound machines and accessories. The company’s products are designed in partnership with point-of-care clinicians and aim to bring portable ultrasound machines to any patient anytime and anywhere. The revenue generated by the portable POC ultrasound business is considered under the Healthcare business segment of the Fujifilm Holdings Corporation.

The company offers a broad range of ultrasound transducers, tools, and accessories. FUJIFILM Sonosite, Inc. is owned by FUJIFILM Holdings Corporation, which is a diversified imaging company. The Healthcare business segment is further segmented into Medical Systems, Bio CDMO, and LS solutions. The company operates in the portable ultrasound market through its Medical Systems business. The company has installed over 125,000 Sonosite machines globally. Fujifilm has a geographical presence worldwide, including the U.S., Europe, Asia-Pacific, and Africa.

ALPINION MEDICAL SYSTEMS Co., Ltd. (South Korea)

Founded in 2007 and headquartered in Seoul, Republic of Korea, ALPINION MEDICAL SYSTEMS Co., Ltd. manufactures and sells ultrasound devices. The company’s product portfolio includes Diagnostic and Therapeutic Ultrasound, HIFU (Highly Intensive Focused Ultrasound), and Transducers. The company is expanding its business scope in every ultrasound area in terms of application and type of healthcare facilities.

ALPINION MEDICAL SYSTEMS Co., Ltd. distributes its products in 80 countries. The company has branch offices in the U.S., China, and Germany.

EchoNous, Inc. (U.S.)

Founded in 2016 and headquartered in Washington, the U.S., EchoNous, Inc. develops point-of-care ultrasound technology and medical tools. The company offers AI-driven point-of-care ultrasound (POCUS) devices with high-quality images and interpretations for accurate diagnosis at the point-of-care. The company focuses on developing AI-guided ultrasound software and systems that help to diagnose and monitor common health issues.

Popular Mention: Esaote S.p.A (Italy), EDAN Instruments, Inc. (China), EchoNous, Inc. (U.S.), CHISON Medical Technologies Co., Ltd (China), SonoScape Medical Corp. (China), and Healcerion Co., Ltd. (South Korea).

Authoritative Research on the Portable Ultrasound Market – Global Opportunity Analysis and Industry Forecast (2024-2031)

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• Key products
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• Partnerships and acquisitions

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