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Vendors are deploying organic and inorganic growth strategies to compete in the market.
NEW YORK , Sept. 14, 2022 /PRNewswire/ -- One of the key vendors operating in the portable ultrasound bladder scanners market is AvantSonic Technology Co. Ltd. The company offers a portable ultrasound bladder scanner that is used to measure the bladder volume through the abdominal body surface. The market also has the presence of a few other major players, such as Becton Dickinson and Co., Butterfly Network Inc., Clarius Mobile Health Corp., dBMEDx Inc, and Direct Supply Inc.
The portable ultrasound bladder scanners market is fragmented. The market is characterized by the presence of a few large, medium, and small-scale vendors. The rivalry among vendors is intense, which poses a risk to their operations. High product differentiation among vendors also intensifies the competition in the market.
Key strategies used by vendors to overcome the above challenges have been identified by Technavio. To thrive in such a competitive environment, it becomes imperative for vendors to differentiate their product offerings through a clear and unique value proposition.
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The portable ultrasound bladder scanners market size is expected to grow by USD 11.78 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 6% during the forecast period.
Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Vendors in the portable ultrasound bladder scanners market can take advantage of a few factors that will work in their favor. The increasing prevalence of urological disorders is one of these factors. The prevalence of urological disorders such as urinary incontinence and lower urinary tract disorders is increasing, which is driving the demand for portable ultrasound bladder scanners. Urinary incontinence is caused by factors such as overactive bladder muscles, weakened pelvic muscles, an enlarged prostate, benign prostatic hyperplasia, and interstitial cystitis. It can severely affect the kidneys, which can hamper the excretion process of the body. The risk of urinary inconsistency increases with age, body mass index, pregnancy, and the presence of certain auto-immune diseases. Thus, the rising number of such cases is driving the need for diagnostic devices such as portable ultrasound bladder scanners, which will support the market growth during the forecast period.
Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report
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Portable Ultrasound Bladder Scanners Market Scope
Accelerate at a CAGR of 6%
North America, Europe, Asia, and Rest of World (ROW)
US, Germany, UK, China, and Japan
Leading companies, Competitive strategies, Consumer engagement scope
AvantSonic Technology Co. Ltd, Becton Dickinson and Co., Butterfly Network Inc., Clarius Mobile Health Corp., dBMEDx Inc, Direct Supply Inc., Echo Son SA, EchoNous Inc., FUJIFILM Holdings Corp., General Electric Co., Informa Plc, Interson Corp., Konica Minolta Inc, Sonoscanner SARL, Sonostar Technologies Co. Ltd., SRS Medical, Terason, The Prometheus Group, and Vitacon
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
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