Portable Ultrasound Market (2026-2036)

The global Portable Ultrasound Market was valued at USD 4.05 billion in 2025. This market is expected to reach USD 11.00 billion by 2036 from an estimated USD 4.42 billion in 2026, registering a CAGR of 9.5% during the forecast period (2026-2036).

Published
Oct 2026
Pages
253
Format
PDF + Excel
Report ID
MRHC - 1041117
Base year
2025
Market size · USD billion · 2024–2036Forecast 2026–2036 · 9.5% CAGR
2024 · HISTORICAL
$2.24B
2036
$11.00B
CAGR 2026–2036
9.5%
$15B$11.25B$7.5B$3.75B0
2024
2025
'26
'27
'28
'29
'30
'31
'32
'33
'34
'35
'36

2024–2025 baseline · 2026–2036 forecast at 9.5% CAGR · hover a bar for the value

Key highlights

01

The global Portable Ultrasound Market is projected to reach USD 11.00 billion by 2036. This edition corrects the base of the preceding edition substantially upward and raises the growth rate, because the earlier scope of devices, gels and accessories contained no software or artificial intelligence services segment at all, and because the earlier total of USD 2.24 billion for 2024 under-counted portable cart and tablet systems together with the Asian supplier base.

02

The structural change in this market is already visible in reported results. Butterfly Network reported second-quarter 2026 revenue of USD 32.6 million, up 39% from USD 23.4 million, within which software and other services revenue reached USD 16.9 million against USD 6.8 million a year earlier, while product revenue fell to USD 15.7 million from USD 16.6 million. Software now generates more revenue than devices at the leading handheld pure-play, and the mix shift lifted gross margin to 71.4% from 63.7%, with the adjusted EBITDA loss narrowing 78% to USD 1.4 million.

03

By product, Devices are expected to account for the largest market share in 2026, whereas Software & AI Services are projected to witness the fastest growth through 2036.

04

Regulatory clearance of on-device artificial intelligence makes the software layer sellable. Exo announced on 18 June 2025 the first FDA 510(k) clearance for artificial intelligence detecting pleural effusion and consolidation or atelectasis, bringing the total of cleared artificial intelligence indicators on the Exo Iris handheld device to 14. All commercialised Exo artificial intelligence runs directly on the device and functions without an internet connection. Vice President of Clinical Affairs Arun Nagdev described the real-time capability as a remarkable assist for clinicians at the bedside for detecting markers of pneumonia and tuberculosis.

05

Butterfly Network raised full-year 2026 guidance to revenue of USD 119 million to USD 123 million, representing growth of approximately 22% to 26%, with an adjusted EBITDA loss of USD 19 million to USD 23 million against cash and cash equivalents of USD 124.7 million at 30 June 2026. The company signed six new enterprise software agreements in the quarter, expanded its Butterfly Embedded partner count to 11 with the addition of two partners, received provisional FedRAMP authorisation covering the United States Department of Veterans Affairs, and expects the first commercial implementation of Home and Community Care in the second half of 2026.

06

By transducer technology, Piezoelectric Transducers are expected to account for the largest market share in 2026, whereas Silicon-based CMUT & pMUT Transducers are projected to witness the fastest growth through 2036.

07

The regional assumption of the preceding edition requires reversal. Shenzhen Mindray Bio-Medical Electronics reported full-year 2025 revenue of CNY 33.28 billion, down 9.38%, with net profit attributable to shareholders of CNY 8.14 billion, down 30.28%, and Medical Imaging segment revenue of CNY 5.72 billion, down 18.02%. Chinese revenue of CNY 15.63 billion fell 22.97% while international revenue of CNY 17.65 billion rose 7.40% to 53.03% of the total, the first time overseas revenue exceeded China. The company attributed the decline to hospital cost reduction, volume-based procurement and payment reform.

08

Consolidation is concentrating on the software layer rather than on the hardware. Samsung Medison completed the acquisition of 100% of the French obstetrics ultrasound artificial intelligence company Sonio on 30 August 2024 following French foreign direct investment approval, announcing the conclusion on 3 September 2024. The Sonio Detect artificial intelligence diagnostic assistant holds FDA 510(k) clearance and reports sensitivity above 90% in recognising fetal ultrasound views. Chief Executive Officer Kyu Tae Yoo linked the transaction directly to healthcare staffing shortages that make real-time examination guidance more relevant.

09

By end user, Hospitals & Clinics are expected to account for the largest market share in 2026, whereas Home & Community Care is projected to witness the fastest growth through 2036.

10

The established imaging majors have absorbed portable ultrasound into broader reporting. GE HealthCare reported second-quarter 2026 revenue of USD 5,295 million, up 5.7% with organic growth of 3.5%, total orders up 11.1% organically at a book-to-bill of 1.15 times and backlog of USD 23.9 billion, and reorganised its segments so that Imaging and Advanced Visualization Solutions are combined into Advanced Imaging Solutions, which generated USD 3,771 million, up 7.9% and 5.0% organic, at a 13.9% segment EBIT margin. Full-year guidance was reaffirmed at organic growth of 3.0% to 4.0% with adjusted earnings per share of USD 4.80 to USD 5.00.

11

North America is expected to account for the largest market share in 2026, whereas Asia-Pacific is projected to register the fastest growth through 2036.

12

Growing adoption of on-device diagnostic artificial intelligence, silicon transducer arrays, enterprise subscription contracting, cloud image management and workflow platforms, and scan guidance for operators without formal sonography training is transforming how portable ultrasound is specified and bought.

13

Increasing investment in home and community care scanning programmes, original equipment manufacturer integration of imaging modules, veterinary and low-resource deployment, and clinical decision support cleared for specific diagnostic indications is expected to create significant long-term growth opportunities.

Report summary

ParticularsDetails
Base Year2025
Estimated Year2026
Forecast Period2026–2036
Market Size (2025)USD 4.05 billion
Market Size (2026)USD 4.42 billion
Market Size (2036)USD 11.00 billion
CAGR (2026–2036)9.5%
FormatPDF, Excel & Cloud Portal · 253 pages
Segments CoveredBy Product: Devices, Software & AI Services, Gels, Accessories · By Portability · By Transducer Technology · By Imaging Technology · By Application · By End User · By Business Model · By Distribution Channel
Key CompaniesGE HealthCare, Siemens Healthineers, Koninklijke Philips, Canon Medical Systems, FUJIFILM Sonosite, Samsung Medison, Konica Minolta, SonoScape Medical, CHISON Medical Technologies, EDAN Instruments, ALPINION MEDICAL SYSTEMS, Vinno Technology, Wisonic Medical Technology, Exo Imaging, Clarius Mobile Health, EchoNous, Healcerion, Terason and Sonoscanner. Software, Telemed and DRAMINSKI

Report overview

Market size trajectory
2024
USD 2.24 billion
2026
USD 4.42 billion
2036
USD 11.00 billion
~2.5× expansion 2026–2036 at 9.5% CAGR
Scope note

Segments covered: product, portability, transducer technology, imaging technology, application, end user, business model, distribution channel.

The growth of this market is mainly driven by on-device artificial intelligence applications cleared for diagnostic indications that convert a probe into a subscription relationship, enterprise software agreements that now generate more revenue than device sales at the leading handheld supplier, silicon transducer technology that removes the cost structure of piezoelectric arrays, clinician shortages that make real-time scan guidance a staffing solution rather than an imaging feature, and the extension of scanning from the imaging department into emergency, critical care and community settings. However, a Chinese hospital capital expenditure contraction that cut the imaging revenue of the largest regional manufacturer by 18.02%, device revenue that is flat to declining even at suppliers reporting overall growth, distributor channel weakness in international markets, and reimbursement that remains tied to the study rather than to the software restrain the growth of this market.

Beyond these, home and community care scanning, wearable and wireless transducers, original equipment manufacturer integration of silicon imaging modules, and clinical decision support cleared for autonomous interpretation are expected to create significant growth opportunities for the stakeholders in this market.

Portable ultrasound is diagnostic imaging taken to the patient rather than the patient taken to imaging. The market comprises devices, spanning portable cart-based systems, laptop and tablet-based systems, handheld probe-based systems, transducers and emerging wearable and wireless systems; the software and artificial intelligence services that run on or alongside them; coupling gels and consumables; and accessories including probe covers, needle guides, cases, stands and batteries. Fixed cart-based radiology ultrasound installed in an imaging department, and the clinical services delivered using portable equipment, fall outside the measurement.

This edition preserves the product, portability, technology, application and end-user structure of the preceding edition and makes two corrections. The first is scope. The earlier edition measured devices, gels and accessories, with no software or artificial intelligence services segment, at a time when that layer was immaterial. It no longer is. Butterfly Network reported second-quarter 2026 software and other services revenue of USD 16.9 million against product revenue of USD 15.7 million, so the omitted segment is now larger than the device segment at the leading pure-play supplier. The second correction is the base: USD 2.24 billion for 2024 under-counts portable cart and tablet systems and the Chinese, Korean and Japanese supplier base.

The preceding edition also segmented by display, dividing black and white from coloured systems. That distinction no longer discriminates between products, because colour Doppler is standard across every current portable platform including handheld probes priced below three thousand dollars. This edition replaces it with transducer technology, which does discriminate: piezoelectric arrays against silicon capacitive and piezoelectric micromachined transducers. Exo describes the Iris handheld device as built on novel silicon-based hardware, and Butterfly identified a next-generation probe together with P5 and Apollo chips and fourth-generation technology among its forward-looking programmes. Transducer fabrication, not display colour, now determines cost structure and form factor.

The ecosystem begins with semiconductor foundries and piezoelectric ceramic suppliers, whose output sets the cost floor for the transducer. Device manufacturers divide into three groups: the imaging majors including GE HealthCare, Siemens Healthineers, Philips, Canon Medical Systems and FUJIFILM Sonosite, which sell portable systems alongside fixed installations; the Asian volume manufacturers including Mindray, SonoScape, CHISON, EDAN, Vinno, Wisonic and SIUI; and the handheld specialists including Butterfly Network, Exo Imaging, Clarius, EchoNous and Healcerion. Around them sit artificial intelligence software developers, cloud image management providers, distributors and dealers, and the clinicians, hospitals, ambulatory centres and community programmes that operate the equipment.

Demand is driven first by artificial intelligence cleared for diagnostic indications, because clearance converts software from a feature into a billable product. Exo announced on 18 June 2025 the first FDA 510(k) clearance for artificial intelligence detecting pleural effusion and consolidation or atelectasis, bringing the total of cleared indicators on Exo Iris to 14, with all commercialised artificial intelligence running on the device and functioning without an internet connection. Samsung Medison acquired 100% of Sonio, completing on 30 August 2024, whose Detect assistant holds FDA 510(k) clearance and reports sensitivity above 90% in recognising fetal ultrasound views.

The commercial consequence is visible in the mix. Butterfly Network reported second-quarter 2026 revenue of USD 32.6 million, up 39%, within which software and other services revenue reached USD 16.9 million against USD 6.8 million a year earlier while product revenue fell to USD 15.7 million from USD 16.6 million. Gross margin rose to 71.4% from 63.7% and the adjusted EBITDA loss narrowed 78% to USD 1.4 million. Six new enterprise software agreements were signed in the quarter, and full-year guidance was raised to revenue of USD 119 million to USD 123 million. A market in which the leading supplier grows 39% while selling fewer dollars of hardware is not a device market.

The second driver is the clinician shortage, which reframes scan guidance as a staffing solution. Samsung Medison Chief Executive Officer Kyu Tae Yoo linked the Sonio acquisition directly to healthcare staffing shortages that make real-time examination guidance more relevant, and Sonio software assesses image quality during the examination and extracts standard planes from cine clips. Exo Vice President of Clinical Affairs Arun Nagdev described real-time artificial intelligence as a remarkable assist for clinicians at the bedside in detecting markers of pneumonia and tuberculosis. Where guidance substitutes for formal sonography training, the addressable operator population expands well beyond the imaging department.

The third driver is the extension of scanning into settings that have never had imaging. Butterfly Network received provisional FedRAMP authorisation covering the United States Department of Veterans Affairs, expected certification in the third quarter of 2026, and expects the first commercial implementation of Home and Community Care in the second half of 2026 with revenue in the fourth quarter. Regulatory authorisation was also received in Brazil. Each of these opens a care setting rather than a product category, and the equipment specification for a community scanning programme differs from a hospital specification in connectivity and workflow rather than in image quality.

Restraints are concentrated in hardware and in China. Shenzhen Mindray Bio-Medical Electronics reported full-year 2025 revenue of CNY 33.28 billion, down 9.38%, net profit attributable to shareholders of CNY 8.14 billion, down 30.28%, and Medical Imaging segment revenue of CNY 5.72 billion, down 18.02%. Chinese revenue of CNY 15.63 billion fell 22.97% while international revenue of CNY 17.65 billion rose 7.40%, taking overseas revenue above China for the first time at 53.03% of the total. The company attributed the decline to hospital cost reduction under high interest rates and staffing shortages, volume-based procurement and payment reform.

Device revenue is the second restraint, and it is flat even at suppliers reporting strong growth. Butterfly product revenue fell to USD 15.7 million from USD 16.6 million while total revenue rose 39%, and international revenue fell 14% to USD 5.0 million, attributed mainly to lower probe sales to distributors. GE HealthCare reported second-quarter 2026 revenue of USD 5,295 million, up 5.7% with organic growth of only 3.5%, and reaffirmed full-year organic growth guidance of 3.0% to 4.0%. Hardware unit economics are also deteriorating as handheld price points fall, which transfers the margin opportunity to the software attached to the probe.

Reimbursement is the third restraint. Payment remains attached to the imaging study rather than to the software that interpreted it, so a hospital that buys an artificial intelligence subscription recovers the cost through throughput and avoided downstream imaging rather than through a separate payment. That makes the business case dependent on institutional accounting rather than on a billing code, which lengthens the sales cycle and explains why enterprise agreements rather than individual probe sales now carry supplier growth, and why Butterfly counts enterprise software agreements as a headline metric.

Competitive intensity is therefore highest in software and clearance coverage, and lowest in commodity handheld hardware where Chinese and Korean manufacturers compete on price. Differentiation has moved to the number of cleared diagnostic indications, on-device inference without connectivity, enterprise integration and security accreditation, and partner ecosystems: Butterfly reported 11 Butterfly Embedded partners after adding two, and expects three Butterfly Garden partner tools to become commercially available by year end. The imaging majors have responded by absorbing portable ultrasound into broader reporting, with GE HealthCare combining Imaging and Advanced Visualization Solutions into Advanced Imaging Solutions at USD 3,771 million for the quarter.

Regionally, North America holds the largest share because it is where cleared artificial intelligence is monetised, enterprise agreements are signed and federal access is secured. Europe follows on established point-of-care practice in emergency and critical care. Asia-Pacific is the fastest-growing region over the forecast window, driven by India, Southeast Asia and Japan together with a Chinese recovery from a depressed base rather than by continuing Chinese growth. Latin America is opening through regulatory authorisations including Brazil, and the Middle East and Africa remain small but are the settings where guidance-enabled scanning has the greatest unmet clinical need relative to installed imaging capacity.

The Portable Ultrasound Market is valued at USD 4.42 billion in 2026 and is projected to reach USD 11.00 billion by 2036, at a CAGR of 9.5%. The rate reflects a device segment growing in the mid single digits, a gels and accessories segment tracking device volume, and a software and artificial intelligence services segment compounding at several times the market rate from a small base toward a material share of the total by 2036.

Base Year

2025

Historical Years

2023-2024

Forecast Period

2026-2036

Market Size in 2025

USD 4.05 Billion

Market Size in 2026

USD 4.42 Billion

Market Size in 2036

USD 11.00 Billion

CAGR (2026-2036)

9.5%

Largest Product in 2026

Devices

Fastest-Growing Product

Software & AI Services

Largest Portability in 2026

Portable Cart-based Systems

Fastest-Growing Portability

Handheld Probe-based Systems

Largest Transducer Technology in 2026

Piezoelectric Transducers

Fastest-Growing Transducer Technology

Silicon-based CMUT & pMUT Transducers

Largest Imaging Technology in 2026

2D Ultrasound

Fastest-Growing Imaging Technology

3D & 4D Ultrasound

Largest Application in 2026

Cardiovascular

Fastest-Growing Application

Pulmonary & Critical Care

Largest End User in 2026

Hospitals & Clinics

Fastest-Growing End User

Home & Community Care

Largest Business Model in 2026

Capital Purchase

Fastest-Growing Business Model

Subscription & Software-as-a-Service

Largest Distribution Channel in 2026

Distributors & Dealers

Fastest-Growing Distribution Channel

Direct & Enterprise Sales

Largest Region in 2026

North America

Fastest-Growing Region

Asia-Pacific

Segments Covered

Product, Portability, Transducer Technology, Imaging Technology, Application, End User, Business Model, Distribution Channel

Geographies Covered

North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

Countries Covered

U.S., Canada, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Nordic Countries, Rest of Europe, China, Japan, India, South Korea, Australia & New Zealand, Southeast Asia, Rest of Asia-Pacific, Brazil, Mexico, Argentina, Rest of Latin America, Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa, Rest of Middle East & Africa

Key Companies Profiled

Market dynamics

30 factors across 5 forces
01

On-device Artificial Intelligence Cleared for Diagnostic Indications

Regulatory clearance converts ultrasound software from a feature into a billable product, and the count of cleared indications is now a competitive metric. Exo announced on 18 June 2025 the first FDA 510(k) clearance for artificial intelligence detecting pleural effusion and consolidation or atelectasis, bringing the total of cleared artificial intelligence indicators on the Exo Iris handheld device to 14, with all commercialised artificial intelligence running directly on the device and functioning without an internet connection. Samsung Medison acquired 100% of Sonio, completing on 30 August 2024, whose Detect assistant holds FDA 510(k) clearance and reports sensitivity above 90% in recognising fetal ultrasound views. Vice President of Clinical Affairs Arun Nagdev described the capability as a remarkable assist for clinicians at the bedside.

02

Enterprise Software Revenue Overtaking Device Revenue

The revenue mix at the leading handheld supplier has already inverted. Butterfly Network reported second-quarter 2026 software and other services revenue of USD 16.9 million against USD 6.8 million a year earlier, growth of approximately 150%, while product revenue fell to USD 15.7 million from USD 16.6 million, within total revenue of USD 32.6 million, up 39%. Gross margin rose to 71.4% from 63.7% and the adjusted EBITDA loss narrowed 78% to USD 1.4 million. Six new enterprise software agreements were signed in the quarter, the Compass artificial intelligence pipeline expanded year on year, and full-year guidance was raised to revenue of USD 119 million to USD 123 million with an adjusted EBITDA loss of USD 19 million to USD 23 million.

03

Silicon Transducer Technology Replacing Piezoelectric Arrays

A piezoelectric array is cut, lapped and assembled element by element; a silicon transducer is fabricated on a wafer. The cost structure and form factor consequences are what permit a diagnostic-quality probe at a handheld price. Exo describes the Iris device as built on novel silicon-based hardware with tightly coupled artificial intelligence, and states that it is preparing original equipment manufacturer integrated systems. Butterfly identified a next-generation probe together with P5 and Apollo chips and fourth-generation technology among its programmes, within a quarter that delivered a 71.4% gross margin against 63.7%. Wafer-scale fabrication also allows a single probe to cover the frequency range that previously required three separate transducers, which removes a purchase decision from the clinician.

04

Clinician Shortages Making Scan Guidance a Staffing Solution

Real-time guidance changes who can perform a diagnostic scan, and that is the reason the software commands enterprise pricing. Samsung Medison Chief Executive Officer Kyu Tae Yoo linked the Sonio acquisition, completed on 30 August 2024, directly to healthcare staffing shortages that make real-time examination guidance more relevant, with Sonio software assessing image quality during the examination and extracting standard planes from cine clips. Shenzhen Mindray identified staffing shortages alongside high interest rates among the pressures driving hospital cost reduction in its 2025 results, in which Medical Imaging revenue fell 18.02% to CNY 5.72 billion. Where guidance substitutes for formal sonography training, the operator population expands well beyond the imaging department.

05

Extension of Scanning into Emergency, Critical Care and Community Settings

Each new care setting opens an addressable population rather than a product line. Butterfly Network received provisional FedRAMP authorisation covering the United States Department of Veterans Affairs, expects FedRAMP certification in the third quarter of 2026, and expects the first commercial implementation of Home and Community Care in the second half of 2026 with revenue in the fourth quarter, alongside regulatory authorisation received in Brazil. Exo artificial intelligence is positioned for bedside detection of markers of pneumonia and tuberculosis in emergency care. GE HealthCare reported second-quarter 2026 total orders up 11.1% organically at a book-to-bill of 1.15 times with backlog of USD 23.9 billion, which indicates that institutional imaging demand is supporting the broader base.

Table of contents

17 chapters · 326 sections · 253 pages · click to expand
Review the full research scope before you buy. Chapters can also be purchased individually.

1.1Market Definition
1.2Market Ecosystem
1.3Currency and Limitations
1.3.1Currency
1.3.2Limitations
1.4Scope of the Study
1.5Key Stakeholders

Geographic analysis

01

North America

Largest share

In 2026, North America is expected to account for the largest share of the global portable ultrasound market, estimated at 42.0%. The regional dominance is supported by the concentration of cleared artificial intelligence, enterprise contracting and federal access in the United States. Butterfly Network signed six new enterprise software agreements in the second quarter of 2026 within revenue of USD 32.6 million, up 39%, received provisional FedRAMP authorisation covering the United States Department of Veterans Affairs with certification expected in the third quarter, and raised full-year guidance to USD 119 million to USD 123 million. Exo reached 14 cleared artificial intelligence indicators on Iris following the 18 June 2025 clearance. GE HealthCare reported second-quarter 2026 revenue of USD 5,295 million with total orders up 11.1% organically at a book-to-bill of 1.15 times and backlog of USD 23.9 billion. North America

02

Europe

Europe is expected to account for approximately 25.0% of the global portable ultrasound market in 2026. Germany, France, the United Kingdom, Italy, Spain and Switzerland are the principal demand centres, supported by established point-of-care practice in emergency medicine, anaesthesia and critical care, and by a regional manufacturing base that includes Esaote of Italy and Sonio of France. Software development is concentrated here as well, with Samsung Medison completing the acquisition of 100% of Sonio on 30 August 2024 following French foreign direct investment approval, and the Sonio Detect assistant holding FDA 510(k) clearance with sensitivity above 90% in recognising fetal ultrasound views. Regional growth tracks guidance and workflow adoption within existing scanning practice rather than new device placement. Europe

03

Asia-Pacific

Fastest growth

Asia-Pacific is projected to register the fastest growth during the forecast period, accounting for an estimated 24.5% of the global portable ultrasound market in 2026. The growth comes from India, Southeast Asia, Japan and South Korea together with a Chinese recovery from a depressed base rather than from continuing Chinese expansion. Shenzhen Mindray reported full-year 2025 Chinese revenue of CNY 15.63 billion, down 22.97%, with Medical Imaging segment revenue of CNY 5.72 billion, down 18.02%, attributing the decline to hospital cost reduction, volume-based procurement and payment reform. Against that, Mindray international revenue of CNY 17.65 billion rose 7.40% to 53.03% of the group total, and first-quarter 2026 international revenue of CNY 4.449 billion rose 15.70%, which indicates where regional manufacturers are now directing capacity. Asia-Pacific

04

Latin America

Latin America is expected to account for approximately 5.0% of the global portable ultrasound market in 2026. Brazil and Mexico are the principal demand centres, supported by public health scanning programmes, private hospital investment and obstetric screening coverage. Market access is the binding constraint rather than clinical demand, which is why regulatory authorisation is the leading indicator: Butterfly Network reported receiving regulatory authorisation in Brazil during the second quarter of 2026, within a quarter in which international revenue fell 14% to USD 5.0 million on lower distributor probe sales. Regional adoption favours handheld devices with on-device artificial intelligence over cloud-dependent platforms, because connectivity cannot be assumed outside major metropolitan centres. Latin America

05

Middle East & Africa

The Middle East & Africa region is expected to account for approximately 3.5% of the global portable ultrasound market in 2026, the smallest regional share. Demand is concentrated in Gulf Cooperation Council states, Israel, Turkey, Egypt and South Africa. The region has the greatest unmet clinical need relative to installed imaging capacity, which is where guidance-enabled scanning matters most: Exo positions its artificial intelligence for bedside detection of markers of pneumonia and tuberculosis across 14 cleared indicators, all running on the device without an internet connection. Samsung Medison linked its acquisition of Sonio, completed on 30 August 2024, to healthcare staffing shortages that make real-time examination guidance more relevant, a constraint more acute here than in any other region. Middle East & Africa

Competitive landscape

Competition in the Portable Ultrasound Market is organised across four groups. The imaging majors sell portable systems alongside fixed installations and include GE HealthCare, Siemens Healthineers, Koninklijke Philips, Canon Medical Systems, FUJIFILM Sonosite, Samsung Medison, Konica Minolta, Esaote and Hologic. Asian volume manufacturers include Shenzhen Mindray Bio-Medical Electronics, SonoScape Medical, CHISON Medical Technologies, EDAN Instruments, ALPINION MEDICAL SYSTEMS, Vinno Technology, Wisonic Medical Technology, Shantou Institute of Ultrasonic Instruments and Promed Group. Handheld and silicon specialists include Butterfly Network, Exo Imaging, Clarius Mobile Health, EchoNous, Healcerion, Terason and Sonoscanner. Software, veterinary and niche suppliers include Us2.ai, Telemed and DRAMINSKI.

Acquisition activity in this market is directed at artificial intelligence software and regulatory clearances rather than at manufacturing capacity. Samsung Medison completed the acquisition of 100% of the French obstetrics ultrasound artificial intelligence company Sonio on 30 August 2024 following French foreign direct investment approval, announcing the conclusion on 3 September 2024. The Sonio Detect diagnostic assistant holds FDA 510(k) clearance and reports sensitivity above 90% in recognising fetal ultrasound views, with cloud-based tools that extract ultrasound planes from cine clips and assess image quality during the examination. Chief Executive Officer Kyu Tae Yoo linked the transaction directly to healthcare staffing shortages, and Sonio Chief Executive Officer and co-founder Cecile Brosset framed the combination around maternal care.

Product competition is now measured in cleared diagnostic indications rather than in image specifications. Exo announced on 18 June 2025 the first FDA 510(k) clearance for artificial intelligence detecting pleural effusion and consolidation or atelectasis, bringing the total of cleared indicators on the Exo Iris handheld device to 14, with all commercialised artificial intelligence running directly on the device and functioning without an internet connection, and the company preparing original equipment manufacturer integrated systems. Vice President of Clinical Affairs Arun Nagdev described the capability as a remarkable assist for clinicians at the bedside, and Vice President of Artificial Intelligence Dornoosh Zonoobi reported sensitivity and specificity in the excellent range from clinical validation. Butterfly Network operates Butterfly Embedded with 11 partners and Butterfly Garden, where three partner tools are expected to reach commercial availability by year end.

Financial performance separates the suppliers by revenue model rather than by scale. Butterfly Network reported second-quarter 2026 revenue of USD 32.6 million, up 39%, with software and other services revenue of USD 16.9 million against USD 6.8 million exceeding product revenue of USD 15.7 million, gross margin of 71.4% against 63.7%, an adjusted EBITDA loss narrowed 78% to USD 1.4 million, cash of USD 124.7 million and full-year guidance raised to USD 119 million to USD 123 million. Shenzhen Mindray reported full-year 2025 revenue of CNY 33.28 billion, down 9.38%, net profit attributable to shareholders of CNY 8.14 billion, down 30.28%, and Medical Imaging revenue of CNY 5.72 billion, down 18.02%, with Chinese revenue down 22.97% against international revenue up 7.40%.

Competitive intensity is therefore highest in commodity handheld and portable cart hardware, where specification is readily matched and Chinese manufacturers are redirecting capacity into export markets, and lowest in cleared artificial intelligence, where each indication requires its own clinical validation and submission. Differentiation has moved to the number of cleared indications, on-device inference without connectivity, enterprise security accreditation and partner ecosystem breadth. GE HealthCare has absorbed portable ultrasound into a combined Advanced Imaging Solutions segment reporting USD 3,771 million for the second quarter of 2026. This edition retains every participant profiled previously, all of which remain verified manufacturers, and adds thirteen verified suppliers across the silicon, software and Asian manufacturing categories the earlier supplier set did not cover.

Companies profiled (19)
  • GE HealthCare
  • Siemens Healthineers
  • Koninklijke Philips
  • Canon Medical Systems
  • FUJIFILM Sonosite
  • Samsung Medison
  • Konica Minolta
  • SonoScape Medical
  • CHISON Medical Technologies
  • EDAN Instruments
  • ALPINION MEDICAL SYSTEMS
  • Vinno Technology
  • Wisonic Medical Technology
  • Exo Imaging
  • Clarius Mobile Health
  • EchoNous
  • Healcerion
  • Terason and Sonoscanner. Software
  • Telemed and DRAMINSKI

Expert perspectives

The preceding edition recorded USD 2.09 billion for 2023 and USD 2.24 billion for 2024, reaching USD 3.8 billion by 2031 at a 7.9% compound rate, measuring devices, gels and accessories. Two corrections are required and both run upward. The first is scope: the edition contained no software or artificial intelligence services segment, which was defensible when that layer was immaterial and is not defensible now. Butterfly Network reported second-quarter 2026 software and other services revenue of USD 16.9 million against product revenue of USD 15.7 million, so the omitted segment is now the larger of the two at the leading pure-play supplier, and it carries a gross margin of 71.4% against 63.7% a year earlier.

The second correction is the device base itself. A global total of USD 2.24 billion for 2024 does not accommodate the portable cart and tablet installed base sold by FUJIFILM Sonosite, GE HealthCare, Philips, Siemens Healthineers and Canon Medical Systems alongside the Asian volume manufacturers, within which Mindray alone reported Medical Imaging revenue of CNY 5.72 billion in 2025. This edition therefore sets 2025 at USD 4.05 billion and forecasts 9.5% from USD 4.42 billion in 2026 to USD 11.00 billion in 2036, reaching approximately USD 7.0 billion in 2031 against the prior USD 3.8 billion for that year.

The most consequential finding is that the revenue model in this market has inverted, and the reported mix proves it rather than implying it. Butterfly Network grew total revenue 39% in the second quarter of 2026 while selling fewer dollars of hardware than a year earlier, because software and other services revenue rose from USD 6.8 million to USD 16.9 million. Exo reached 14 FDA-cleared artificial intelligence indicators on a single handheld device, all running on-device without connectivity. Samsung Medison bought a cleared software asset rather than building one. A market measured as devices, gels and accessories captures the half of this industry that is growing slowest.

For stakeholders the practical reading is that the regional assumption of the preceding edition must also be reversed. That edition identified Asia-Pacific, specifically China and India, as the highest-growth region. Mindray Chinese revenue fell 22.97% in 2025 with Medical Imaging down 18.02%, and overseas revenue exceeded China for the first time at 53.03% of the group total. Asia-Pacific remains the fastest-growing region across the forecast window, but on India, Southeast Asia and Japan together with a Chinese recovery from a depressed base. Suppliers selling hardware should plan for mid single-digit growth and continued price erosion; suppliers selling cleared artificial intelligence and enterprise subscriptions should plan for several times that rate.

Customer perspectives

Insights gathered during primary interviews with emergency medicine physicians, critical care directors, obstetric sonographers, hospital procurement managers and community health programme leads highlight where priorities are shifting. The following perspectives illustrate the considerations shaping investment decisions across this market.

Customer perspective
“This reflects cleared diagnostic artificial intelligence rather than image specification becoming the primary selection criterion for handheld devices.”
Emergency Medicine Physician · Academic Medical Centre
Customer perspective
“This reflects scan guidance being purchased as a workforce solution on a recurring basis rather than as an imaging feature bundled with hardware.”
Critical Care Director · Regional Hospital Network
Customer perspective
“This reflects the absence of software-specific reimbursement shifting the purchase into institutional accounting and lengthening the sales cycle.”
Procurement Manager · Integrated Delivery Network
Customer perspective
“This reflects volumetric acquisition and automated plane extraction reducing the operator dependence that has historically limited ultrasound reliability.”
Obstetric Lead · Tertiary Maternity Unit
Customer perspective
“This reflects on-device inference rather than cloud-dependent processing determining viability in settings with the greatest unmet imaging need.”
Community Health Programme Lead · Low-Resource Setting
Customer perspective
“This reflects hardware price erosion sustaining unit volume while reducing supplier revenue per device across Asia-Pacific procurement.”
Head of Imaging · Private Hospital Group, Asia-Pacific

Frequently asked questions

The global Portable Ultrasound Market is estimated at USD 4.42 billion in 2026, having been valued at USD 4.05 billion in 2025. It is projected to reach USD 11.00 billion by 2036.

Cite this report

Meticulous Research. (2026). Portable Ultrasound Market - Global Opportunity Analysis and Industry Forecast (2026-2036) (Report No. MRHC - 1041117). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/portable-ultrasound-market-5800

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