Global Point-of-Care Imaging Devices Market to Reach $ 19.84 Billion by 2030

According to a new market intelligence report by BIS Research, titled “Global Point-of-Care Imaging Devices Market - Analysis and Forecast, 2020-2030,” the market for point-of-care imaging devices is anticipated to witness a CAGR of 8.70% in the forecast period, 2020-2030. The market is expected to grow up to $19.84 billion by the end of 2030, owing to the growing demand for portable and wearable imaging diagnostic instruments.

BIS Research Report: https://bisresearch.com/industry-report/point-of-care-imaging-devices-market.html

The medical imaging landscape has witnessed major technological transformations in the past few decades. Some of the notable ones are the development of point-of-care imaging devices and the integration of artificial intelligence into diagnostic imaging practices. Analyzing the adoption trend of MRI reveals that the number of MRI units per million people in developed countries witnessed an impressive CAGR of 10.9% during the last 20 years. However, the statistics still signify that 90% of the world’s population does not have access to MRI. Hence, it proves that the emerging PoC imaging technology would be a potential solution to solve the accessibility issues associated with medical imaging services across the globe.

Factors such as more patient convenience, accurate diagnosis outcomes, and increasing geriatric population, have promoted the development and deployment of PoC imaging devices. The growing prominence for diagnostic methods, which are non-invasive in nature and enable early disease detection, has further bolstered the adoption of PoC imaging devices. The ongoing trend of integration of artificial intelligence (AI) with portable diagnostic imaging equipment is anticipated to result in a major paradigm shift in the diagnostic medical imaging practices followed contemporarily.

According to Lead Analyst at BIS Research, “Real-time diagnosis with the advancement of image visualization, AI, and ML is expected to remain the leading contributor to the market growth for the Point-of-Care Imaging Devices during the next ten years.”

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Research Highlights:

• The leading contributors to the Global Point-of-Care Imaging Devices market predominantly prefer to have tie-ups with leading hospitals to expand the business. The key business model involves the integration of point-of-care imaging devices with existing hospital systems along with the telehealth accessories such as EMR for seamless workflow, followed by subsequent sales of the software as a service in the form of either single-purchase or subscription-based. This is a lucrative business model as it leads to a steady stream of revenue.

• The market for Point-of-Care Imaging Devices, specific to handheld and wearable devices, is anticipated to register a CAGR of 11.65% during 2020-2030. The growth is attributed to design-level innovations stemming from the need to provide more accurate diagnostic outcomes. Furthermore, few of the awaited future developments are expected to be the advancement of image visualization, AI automation, and ML facilitated diagnosis with Point-of-Care Imaging Devices.

• Point-of-Care Imaging Devices are predominantly installed in leading hospitals. The hospitals’ segment is expected to account for an average of over 50% of global market revenue during the forecast period. However, in terms of growth, ambulatory surgical centers (ASCs) are expected to outpace the hospitals’ segment. The market penetration of the point-of-care imaging devices will be observed at academics & research institutes and assisted living houses, among others.

This market intelligence report provides a multidimensional view of the Global Point-of-Care Imaging Devices market in terms of market size and growth potential. This research report aims at answering various aspects of the Point-of-Care Imaging Devices market, with key focus on factors influencing market dynamics, and threats which have the potential to hamper the growth of the market. The report also highlights the opportunities that can be tapped into, during the next ten years, possibly altering the trajectory of market growth.

Furthermore, the competitive landscape chapter in the report highlights the performance and the strengths, weaknesses, opportunities, and threats of some of the leading players in the market. The chapter enables the reader to get familiarized with the recent developments in the global point-of-care imaging devices market, including M&A activities, new offerings, partnerships, and strategic decisions made by companies.

This study is a compilation of analysis and research on more than fifteen players in the global point-of-care imaging devices ecosystem. The insights presented are based on in-depth interviews conducted with industry experts and key opinion leaders in both well-established companies and startups.

The report also includes the profiles of 16 companies, including several key players, i.e., Siemens Healthineers, General Electric Company, Koninklijke Philips N.V., Canon, Inc., Hitachi Ltd., Fujifilm Holdings Corporation, Shimadzu Corporation (Japan), Samsung Medison, Canon, Inc., Stryker Corporation, Butterfly Network, Inc., Hyperfine Research, and Hologic, Inc., among others.

Key Questions Answered in the Report:

• What are the key regulations governing the global point-of-care (PoC) imaging devices market?
• What are the key technological developments on which the current industry leaders are spending a major share of their R&D investment?
• How is the role of PoC Imaging devices expected to evolve in the future?
• What level of impact will the ongoing COVID-19 crisis have on the market in terms of change in demand and the functioning of supply chain?
• Who are the leading players holding a major share of the PoC imaging devices market?
• What are the current business models and key strategies adopted by leading players, and how likely are those models to persist in future market scenarios?
• What are the key market drivers, restraints, opportunities, and trends?
• What is the patent landscape like in the global PoC imaging devices market?
• What is the current annual demand for PoC imaging devices across different regions, and their growth potential in the forecast period?
• What is the current revenue contribution of the different product types, and how would it change in the forecast period?
• What is the current revenue contribution of the different clinical utilities, and how would it change in the forecast period?
• What is the current revenue contribution of the different diagnostic applications, and how would it change in the forecast period?
• What is the current revenue contribution of the different end users, and how would it change in the forecast period?
• What is the current revenue contribution of the different technologies, and how would it change in the forecast period?

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https://bisresearch.com/industry-report/molecular-imaging-market.html

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Bhavya Banga
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About BIS Research:

BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

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This release was published on openPR.