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POC Medical Imaging Global Market Report 2024 Market Size, Share Analysis, Growth And Overview Report 2024-2033
POC Medical Imaging Global Market Report
According to The Business Research Company's, The poc medical imaging market size has grown steadily in recent years. It will grow from $1.34 billion in 2023 to $1.4 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to remote and underserved areas accessibility, increased prevalence of chronic diseases, improved connectivity and mobility, rise in telemedicine and remote consultation, focused government initiatives.
The poc medical imaging market size is expected to see steady growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to emergence of novel imaging modalities, investments in research and development, personalized and precision medicine, development of wireless connectivity, focus on rapid diagnostics. Major trends in the forecast period include ai-powered interpretation and analytics, remote monitoring and telemedicine, focus on cost-effectiveness, point-of-care testing expansion, development of smartphone-compatible devices.
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Market Drivers and Trends:
The rising prevalence of chronic diseases is expected to propel the growth of the point-of-care medical imaging market going forward. The prevalence of chronic diseases refers to the proportion or number of individuals within a population who are affected by long-lasting health conditions at a given point in time. This shift has resulted from lifestyle choices, genetic predisposition, environmental factors, and aging populations. Point-of-care medical imaging helps treat chronic diseases by providing timely and on-site diagnostic information, enabling healthcare professionals to monitor disease progression, and guide treatment decisions. For instance, in September 2022, the World Health Organization, a Switzerland-based international public health organization, reported that chronic diseases were responsible for 74% of all deaths globally. Each year, around 17 million people die before the age of 70 due to chronic diseases, and 86% of the deaths among these happen in low- and middle-income countries. Further, chronic diseases are expected to increase to 70% and the global burden of disease to 56% by 2030. Therefore, the rising prevalence of chronic diseases is driving the growth of the point-of-care medical imaging market going forward.
Advancements in artificial intelligence (AI) in healthcare are a key trend gaining popularity in the point-of-care medical imaging market. Companies operating in the point-of-care medical imaging market are developing artificial intelligence-integrated point-of-care medical imaging devices and tools to sustain their position in the market. For instance, in April 2021, GE HealthCare Technologies Inc., a US-based medical technology company, launched an AI-driven point-of-care ultrasound (POCUS) system named Venue Fit. Venue Fit offers cardiac imaging for point-of-care settings. This device has features such as scanning tools, a touch screen, and a small footprint. Venue Fit has an AI tool integrated, mainly used by clinicians as a real-time entity framework and integrated quality indicator.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
GE Healthcare Technologies Inc.; Siemens Healthineers AG; Canon Medical Systems Corp.; Samsung Medison Co. Ltd.; Xoran Technologies LLC; NeuroLogica Corp.; Fujifilm Holdings Corporation; Carestream Health Inc.; Philips Medical Systems Technologies Ltd.; Mindray Medical India Pvt. Ltd.; Esaote Biomedica SpA; CurveBeam AI Limited; Planmed Oy; F. Hoffman-La Roche AG; Becton Dickinson and Company; Toshiba Medical Systems Corporation; Neusoft Medical Systems; Hitachi Medical Systems America Inc.; Hologic Inc.; Quidel Corporation; Shimadzu Corporation; Opko Health Inc.; Roche Diagnostics; Agfa-Gevaert N.V.; Konica Minolta Inc.; Bracco Imaging S.p.A.; Sectra AB; Abbott Laboratories; Danaher Corporation; Butterfly Network Inc.
POC Medical Imaging Market 2024 Key Insights:
• The poc medical imaging market size will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%.
• Chronic Disease Surge Fuels Poc Medical Imaging Market Growth
• AI Revolutionizes POC Medical Imaging
• North America was the largest region in the POC medical imaging market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
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Europe: +44 207 1930 708
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Americas: +1 315 623 0293
Email: info@tbrc.info
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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