Global Point of Care Ultrasound Market Set to Hit $5.7 Billion by 2028 at 7.6% CAGR, Reports TBRC

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Point of Care Ultrasound Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $5.7 billion In 2028 At A CAGR Of 7.6%:

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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Point of Care Ultrasound Market Major 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

Key Driver - The Point-of-Care Ultrasound Market Surges Amidst Rising Chronic Disease Prevalence

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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Prominent Trend - Increasing Focus On Innovative Products To Gain A Competitive Edge In The Market

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.

Point of Care Ultrasound Market Players
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.

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Largest And Fastest Growing Region In The Market
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.

The Table Of Content For The Market Report Include:
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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