Global Point of Care Ultrasound Market Data 2024, Forecast To 2033
28 Mar, 2024
The point of care ultrasound market size has experienced robust growth in recent years, ascending from $3.93 billion in 2023 to $4.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. This growth in the historic period can be attributed to various factors such as the increasing prevalence of point-of-care testing, heightened clinical utility, the advent of compact and portable devices, and the implementation of training and education programs, all contributing to its cost-effectiveness. Anticipated growth in the next few years is significant, with projections indicating an increase to $5.7 billion in 2028, reflecting a CAGR of 7.6%. This expansion is expected to be fueled by the integration of artificial intelligence, the widening scope of applications in primary care settings, the surge in global health initiatives, the extension of services to remote and rural healthcare facilities, as well as advancements in customization and specialized probes.
Global Point of Care Ultrasound Market Key Driver
The point-of-care ultrasound market is poised for growth, driven by the rising prevalence of chronic diseases worldwide. Chronic or non-communicable diseases (NCDs) are persistent medical conditions that progress slowly over time, constituting a significant proportion of global mortality. Point-of-care ultrasound (POCUS) technology plays a crucial role in the early detection, personalized treatment, and remote monitoring of such conditions, thereby improving patient outcomes. Notably, in September 2022, the World Health Organization reported a staggering 41 million deaths annually, with 74% attributed to NCDs. Among these, cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes accounted for substantial mortality rates. This prevalence underscores the critical need for advanced diagnostic tools like POCUS to address the growing burden of chronic diseases, thereby driving the market forward. Looking ahead, as healthcare systems worldwide focus on proactive disease management, the demand for point-of-care ultrasound is expected to escalate. (2023 Market Size: Not provided, 2024 Market Size: Not provided, 2028 Market Size: Not provided)
Get A Free Sample Of The Global Point of Care Ultrasound Market ReportGlobal Point of Care Ultrasound Market Segments
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
By Geography:The regions covered in the point-of-care ultrasound market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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.
Major Point of Care Ultrasound Industry Players
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.
Get The Full Global Point of Care Ultrasound Market ReportPoint of Care Ultrasound Market Overview
Point-of-care ultrasound (POCUS) refers to using portable ultrasound devices at the bedside or in a clinical setting for immediate diagnostic and therapeutic purposes. This approach offers several advantages, including real-time assessment, immediate feedback, and the potential to expedite clinical decision-making.
Point of Care Ultrasound Global Market Report 2023 provides data on the global point of care ultrasound market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The point of care ultrasound market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.