The point of care ultrasound global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Point of Care Ultrasound Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The point of care ultrasound market size has grown strongly in recent years. It will grow from $3.93 billion in 2023 to $4.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to rise in point-of-care testing, increased clinical utility, compact and portable devices, training and education programs, cost-effectiveness.
The point of care ultrasound market size is expected to see strong growth in the next few years. It will grow to $5.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to integration with artificial intelligence, expanding applications in primary care, global health initiatives, remote and rural healthcare, customization and specialized probes. Major trends in the forecast period include technological advancements, miniaturization and portability, wireless connectivity and cloud integration, expanding applications beyond radiology, remote and rural healthcare access.
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Scope Of Point of Care Ultrasound Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Point of Care Ultrasound Market Overview
Market Drivers –
The rising prevalence of chronic diseases is expected to propel the growth of the point-of-care ultrasound market going forward. Chronic or non-communicable diseases (NCDs) are long-term medical conditions that persist over an extended period and often progress slowly. POCUS’s (point of care ultrasound) ability to support early detection, personalized treatment, and remote monitoring positions it as a crucial technology in managing chronic conditions and improving patient outcomes. For instance, in September 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. Additionally, there were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Therefore, the rising prevalence of chronic diseases drives the point-of-care ultrasound market.
Market Trends —
Major companies operating in the point-of-care ultrasound market are developing innovative products to gain a competitive edge. A venue fit for point-of-care settings refers to a healthcare environment or location specifically designed and equipped to accommodate point-of-care technology, such as point-of-care ultrasound (POCUS). For instance, in March 2021, GE HealthCare Technologies, Inc., a US-based medical technology company, launched the Venue Fit ultrasound system, a compact system designed for point-of-care settings. It features an easy-to-clean touchscreen and advanced scanning tools. These innovations aim to enhance workflow efficiency and diagnostic confidence for healthcare providers.
The point of care ultrasound market covered in this report is segmented –
1) By Type: Diagnostic Devices, Therapeutic Devices
2) By Portability: Trolley Based Devices, Handheld Devices
3) By Application: Emergency Medicine, Cardiology, Obstetrics And Gynecology, Urology, Vascular surgery, Musculoskeletal, Other Applications
4) By End-User: Hospitals, Clinics, Maternity centers, Ambulatory surgical centers (ASCs), Other End Users
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Regional Insights —
North America was the largest region in the point of care ultrasound market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point of care ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies —
Major companies operating in the point of care ultrasound market report are Samsung Electronics Co. Ltd., Hitachi Ltd., Siemens Healthineers GmbH, Fujifilm Holdings Corporation, Becton, Dickinson, and Company, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Toshiba Medical Systems Corporation, Fukuda Denshi Co. Ltd., FUJIFILM Sonosite Inc., Analogic Corporation, B. Braun SE, Esaote SPA, Bard Access Systems Inc., Zimmer MedizinSysteme GmbH, Chison Medical Imaging Co. Ltd., Butterfly Network Inc. , Terason Division Teratech Corporation, Advanced Instrumentations, DRE Medical, ALPINION Medical Systems Co. Ltd., Shenzhen AnaSonic Bio-Medical Technology Co. Ltd., Healcerion Co. Ltd., Edan Instruments Inc., Shenzhen Landwind Industry Co. Ltd. , Teknova Medical Systems Co. Ltd.
Table of Contents
1. Executive Summary
2. Point of Care Ultrasound Market Report Structure
3. Point of Care Ultrasound Market Trends And Strategies
4. Point of Care Ultrasound Market — Macro Economic Scenario
5. Point of Care Ultrasound Market Size And Growth
…..
27. Point of Care Ultrasound Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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