At 15.7% CAGR, South & Central America Handheld Ultrasound Scanners Market is Projected to be Worth US$ 65.22 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the South & Central America handheld ultrasound scanners market was valued at US$ 20.31 million in 2023 and is expected to reach US$ 65.22 million by 2031, registering a CAGR of 15.7% from 2023 to 2031. Growth of telemedicine and remote monitoring and increased adoption of handheld point-of-care ultrasound (pocus) devices are among the critical factors attributed to drive the South & Central America handheld ultrasound scanners market growth.

The growth of telemedicine and remote patient monitoring is expected to create significant opportunities for the South & Central America Handheld Ultrasound Scanners Market. These portable devices are valuable tools for expanding access to diagnostic imaging and enhancing patient care in remote and underserved areas. The ability to conduct ultrasound examinations remotely through telemedicine allows healthcare providers to reach patients who may not have access to traditional ultrasound services. This is beneficial in rural areas, where access to specialists and advanced medical technology can be limited. Handheld ultrasound scanners and high-speed internet connectivity enable real-time image transmission and remote consultations, facilitating timely diagnoses and treatment plans. For instance, elderly patients can receive point-of-care ultrasound scanners from rural general practitioners (GPs) in the comfort of their homes rather than going to a hospital owing to the tele-mentored handheld ultrasound system (tele-HHUS) technology. Moreover, the rise of remote patient monitoring programs is creating a demand for portable diagnostic tools that patients can use at home or in other nonclinical settings. Handheld ultrasound scanners are ideal for monitoring chronic conditions such as heart disease, lung disease, and vascular disorders, enabling patients to track their health status and receive timely interventions if necessary. The combination of telemedicine and remote patient monitoring drives the adoption of handheld ultrasound scanners, as they provide a convenient, cost-effective, and accessible solution for expanding healthcare services beyond traditional settings. The adoption of handheld ultrasound scanners is likely to continue as technology advances and healthcare providers increasingly embrace telehealth and remote patient monitoring programs.

On the contrary, shortage of skilled professionals and limited battery life of portable ultrasound scanners hampers the growth of South & Central America handheld ultrasound scanners market.

Based on product type, the South & Central America 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 60.0% market share in 2023, amassing US$ 12.19 million. It is projected to garner US$ 35.95 million by 2031 to register 14.5% CAGR during 2023-2031.

In terms of application, the South & Central America handheld ultrasound scanners market is bifurcated into gynecology, neurology, cardiology, urology, aesthetics, musculoskeletal, veterinary, and other applications. The gynecology segment held 37.0% share of South & Central America handheld ultrasound scanners market in 2023, amassing US$ 7.53 million. It is anticipated to garner US$ 26.21 million by 2031 to expand at 16.9% CAGR during 2023-2031.

By end user, the South & Central America 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 28.1% market share in 2023, amassing US$ 5.70 million. It is projected to garner US$ 19.06 million by 2031 to register 16.3% CAGR during 2023-2031.

By country, the South & Central America handheld ultrasound scanners market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 62.2% share of South & Central America handheld ultrasound scanners market in 2023. It was assessed at US$ 12.63 million in 2023 and is likely to hit US$ 44.46 million by 2031, registering a CAGR of 17.0% during 2023-2031.

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

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