The Portable Ultrasound Bladder Scanner Market is estimated to be valued at US$ 142.2 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The portable ultrasound bladder scanner market aims to deliver advanced bladder scan technology that performs a bladder ultrasound scan non-invasively and instantly provides measurements of bladder volume. Bladder scanners give caregivers an accurate way to check bladder volume without invasive catheterization. The bladder ultrasound scanner provides valuable information to help develop an effective plan of care for incontinence and retention.
Portable ultrasound bladder scanners are medical devices that utilizes ultrasound technology to visualize and measure bladder volume non-invasively. Bladder scanners help assess urinary retention, monitor urinary flow, and determine effective treatment for incontinence. They provide fast, hygienic, and painless assessment of bladder volume without the need for catheter insertion. Various models are designed for bedside, office, or emergency use to help streamline workflow and improve patient experience.
Market key trends:
The portable ultrasound bladder scanner market is expected to witness high growth owing to increasing geriatric population and rising prevalence of urinary incontinence. As per the U.S. Census Bureau, by 2030 around 1 in 5 residents will be aged 65 years and older. Also, over 70 million people in the U.S., UK, Germany, France, Italy, and Spain suffer from bladder control issues that can impact daily activities and quality of life. Portable bladder scanners enable non-invasive monitoring of bladder volume in the aging population and also aid in effective management of incontinence. Growing awareness regarding advanced non-invasive monitoring devices and favorable reimbursement for bladder scanner procedures are further expected to drive the market during the forecast period.
Threat of new entrants: The threat of new entrants is moderate as it requires high capital investment to manufacture medical devices and the market is dominated by few large players. However, new entrants focusing on technological innovation can disrupt the market.
Bargaining power of buyers: The bargaining power of buyers is high as the portable ultrasound bladder scanners from different brands perform similar functions. Buyers can negotiate on price and demand additional services from suppliers.
Bargaining power of suppliers: The bargaining power of suppliers is moderate since raw material suppliers hold some control over pricing and supply capacity. Suppliers of specialized components have higher bargaining power.
Threat of new substitutes: The threat of new substitutes is low as portable ultrasound bladder scanners have no close substitute for non-invasive bladder screening.
Competitive rivalry: Intense due to presence of global giants and local players competing on product features, pricing and branding.
Strength: Large established player base, strong brand recognition, and wide global footprint help gain market share. Technological innovations to enhance functionality and ease-of-use.
Weakness: High R&D costs and dependence on reimbursement policies impact profitability. Changing preferences require constant upgrades.
Opportunity: Growth in elderly population and rising prevalence of urological disorders drive demand. Untapped markets in developing nations offer scope for expansion.
Threats: Stringent regulatory compliance increases cost of operations. Economic slowdowns may reduce healthcare spends of consumers.
The global Portable Ultrasound Bladder Scanner Market Share size is expected to reach US$ 304.2 Mn by 2030, registering a CAGR of 6.3% over the forecast period. Increasing instances of urinary diseases and rising geriatric population are major demand drivers.
Regionally, North America dominates the market owing to growing per capita healthcare expenditure and accessibility of advanced medical technologies for non-invasive diagnosis. The Asia Pacific market is anticipated to exhibit the fastest growth attributed to large patient pool, increasing health awareness and improving economic conditions.
Key players operating in the portable ultrasound bladder scanner market are C. R. Bard, Inc. (Becton, Dickinson and Company), dBMEDx Inc., Healcerion Co., Ltd., Verathon Inc., SRS Medical Systems Inc., Laborie Medical Technologies Inc., Lilium Otsuka Co. Ltd, Â Echo Son SA, Signostics Inc., Sonostar Technologies Co., Limited, Caresono Technology Co., Ltd., EchoNous, Roper Technologies, Inc., canon medical systems corporation , Koninklijke Philips N.V., Siemens Healthcare GmbH, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and Samsung healthcare and GE Healthcare Inc.