The global ”portable ultrasound“ market size is projected to reach USD 3,897.0 million in 2026. Fortune Business Insights™ published this information in a new study, titled, “Portable Ultrasound Market, 2020-2026.” The study further mentions that the market stood at USD 1,801.5 million in 2019. It is set to exhibit a CAGR of 13.6% in the 2020-2026 period. The increasing adoption of ultrasound-based imaging analysis software for integrating deep learning techniques is set to affect growth positively. In January 2020, for instance, Siemens Healthineers introduced its latest ACUSON Redwood Ultrasound System. It features AI-powered tools and advanced applications for smart workflows and higher clinical confidence.
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COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations travel bans and quarantines restaurants closed all indoor events restricted over forty countries state of emergency declared massive slowing of the IT Spending market volatility falling business confidence, growing panic among the population, and uncertainty about future.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
COVID-19 Pandemic to Impact Growth Stoked by Supply Chain Disruptions
The COVID-19 pandemic has resulted in manufacturing challenges and supply chain disruptions across the globe. Several companies are focusing on the production of essential medical equipment to cater to the high demand. Hence, portable ultrasound devices are exhibiting a decline in sales. But, in some cases, these devices are being used to diagnose COVID-19. Our research reports will help you better understand the current situation of the industry.
An Overview of the Impact of COVID-19 on this Market :
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of corona virus outbreak across industries to help you prepare for the future.
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The report involved four notable activities in projecting the current market size. Exhaustive secondary research was conducted to gather data about the peer market. Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous industry experts. We have also used bottom-up and top-down approaches to calculate the size of the portable ultrasound industry.