At 19.8% CAGR, Asia Pacific Handheld Ultrasound Scanners Market is Projected to be worth US$ 553.25 million by 2031, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific handheld ultrasound scanners market was valued at US$ 130.00 million in 2023 and is expected to reach US$ 553.25 million by 2031, registering a CAGR of 19.8% from 2023 to 2031. Integration of artificial intelligence (AI) and growth of telemedicine and remote monitoring are among the critical factors attributed to drive the Asia Pacific handheld ultrasound scanners market growth.

AI algorithms can analyze ultrasound images with exceptional speed and precision, identifying subtle patterns and abnormalities the human eye may miss. This can lead to earlier disease detection, better severity assessment, and more targeted treatment plans. AI-powered features can also assist in guiding image acquisition, optimizing image quality, and providing real-time feedback to the operator, enhancing the overall examination process. The integration of AI will also lead to the development of novel applications for handheld ultrasound scanners. For instance, in April 2024, GE HealthCare launched Caption AI, an AI-driven software, to provide quick cardiac assessments at the point of care on Vscan Air SL. With Caption AI technology, medical professionals utilizing the Vscan Air SL handheld ultrasound device will now obtain automated ejection fraction estimation to support clinical judgments in various cardiac scenarios and real-time, step-by-step guidance for capturing diagnostic-quality images.

Developing AI-powered cloud-based platforms for image analysis and data storage will facilitate the sharing of ultrasound images and data among healthcare providers, enabling collaborative decision-making and improved patient outcomes. This will also foster research and development, allowing the creation of new AI models and applications for handheld ultrasound. As AI technology advances, more handheld ultrasound scanners with sophisticated AI features are expected. This trend will not only improve the accuracy and efficiency of diagnostic imaging but also unlock new possibilities for personalized healthcare, remote monitoring, and disease management.

On the contrary, the shortage of skilled professionals and limited battery life of portable ultrasound scanners hampers the growth of Asia Pacific handheld ultrasound scanners market.

Based on product type, the Asia Pacific handheld ultrasound scanners market is segmented into 2D handheld ultrasound scanners, 3D/4D handheld ultrasound scanners, and doppler ultrasound. The 2D handheld ultrasound scanners segment held 59.8% market share in 2023, amassing US$ 77.82 million. It is projected to garner US$ 299.54 million by 2031 to register 18.3% CAGR during 2023-2031.

In terms of application, the Asia Pacific handheld ultrasound scanners market is categorized into gynecology, neurology, cardiology, urology, aesthetics, musculoskeletal, veterinary, and other applications. The gynecology segment held 36.9% share of Asia Pacific handheld ultrasound scanners market in 2023, amassing US$ 47.92 million. It is anticipated to garner US$ 220.27 million by 2031 to expand at 21.0% CAGR during 2023-2031.

By end user, the Asia Pacific handheld ultrasound scanners market is segmented into hospitals and ambulatory care centers, diagnostic centers, military usage, remote areas, primary care/family medicine, medical/nurse education, veterinary clinics, and others. The hospitals and ambulatory care centers segment held 28.6% market share in 2023, amassing US$ 37.15 million. It is projected to garner US$ 164.10 million by 2031 to register 20.4% CAGR during 2023-2031.

By country, the Asia Pacific handheld ultrasound scanners market is segmented into China, Japan, India, Australia, South Korea, Indonesia, Singapore, Malaysia, Taiwan, Thailand, Philippines, Vietnam, New Zealand, Hong Kong, and the Rest of Asia Pacific. Our regional analysis states that China captured 25.5% share of Asia Pacific handheld ultrasound scanners market in 2023. It was assessed at US$ 33.10 million in 2023 and is likely to hit US$ 166.13 million by 2031, registering a CAGR of 22.3% during 2023-2031.

Key players operating in the Asia Pacific handheld ultrasound scanners market are GE HealthCare Technologies Inc; Siemens Healthineers AG; Koninklijke Philips NV; Healcerion Co., Ltd; Shenzhen Mindray Bio-Medical Electronics Co Ltd; Clarius Mobile Health Corp; Butterfly Network Inc; Guangzhou SonoHealth Medical Technologies Co., Ltd; CHISON Medical Technologies Co., Ltd.; ESAOTE SPA; ASUSTek Computer Inc; and FUKUDA DENSHI, among others.

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