The Point of Care Ultrasound Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Point of Care Ultrasound Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Point of Care Ultrasound Market Characteristics
3. Point of Care Ultrasound Market Trends And Strategies
4. Point of Care Ultrasound Market – Macro Economic Scenario
5. Global Point of Care Ultrasound Market Size and Growth
…..
32. Global Point of Care Ultrasound Market Competitive Benchmarking
33. Global Point of Care Ultrasound Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Point of Care Ultrasound Market
35. Point of Care Ultrasound Market Future Outlook and Potential Analysis
36. Appendix
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