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The Point-of-Care Ultrasound Market Surges Amidst Rising Chronic Disease Prevalence: A Key Factor Shaping the Future of the Point of Care Ultrasound Market in 2025
Point of Care Ultrasound Market
The point of care ultrasound market has seen strong growth in recent years. It will increase from $4.25 billion in 2024 to $4.58 billion in 2025, at a CAGR of 7.8%. The growth is attributed to the rise in point-of-care testing, increased clinical utility, the development of compact and portable devices, training and education programs, and cost-effectiveness.
The point of care ultrasound market is set to grow significantly, reaching $6.14 billion by 2029, at a CAGR of 7.6%. Growth is attributed to integration with artificial intelligence, expanding primary care applications, global health initiatives, remote healthcare services, and the development of specialized probes. Key trends include technological advancements, miniaturization, wireless connectivity, and expanding healthcare applications.
What Are the Main Catalysts for Growth in the Point of Care Ultrasound Market?
The increasing prevalence of chronic diseases is projected to drive the growth of the point-of-care ultrasound (POCUS) market. Chronic diseases, also known as non-communicable diseases (NCDs), are long-term medical conditions that develop gradually and persist over time. POCUS plays a significant role in managing chronic diseases by enabling early diagnosis, personalized treatment plans, and remote monitoring, thereby improving patient care. For instance, in January 2023, the National Institutes of Health, a US-based government agency, projected that by 2035, approximately 35.66% (range: 33.36-36.04) of adults aged 50 and older would have at least one chronic illness, with this figure expected to rise to 47.81% (range: 46.09-49.71) by 2050. Consequently, the rising incidence of chronic diseases is driving the demand for the point-of-care ultrasound market.
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Which Businesses Are at the Forefront of Point of Care Ultrasound Market Development?
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.
What Are the Latest Innovations in the Point of Care Ultrasound Market?
Companies in the point-of-care ultrasound market are driving innovation through advancements such as ultrasound-on-chip technology, which enhances medical imaging capabilities. This technology integrates ultrasound components onto a single chip, making ultrasound devices more compact and portable for various diagnostic applications. For instance, in February 2024, Butterfly Network Inc., a US-based medical imaging manufacturer, introduced the Butterfly iQ3, the latest version of its handheld point-of-care ultrasound (POCUS) system. It employs P4.3 ultrasound-on-chip technology, which enables the fastest digital data transfer rate available. The system offers improved high-resolution imaging, portable scanning capabilities, and advanced 3D features, boasting twice the processing power of its predecessor, the Butterfly iQ+.
How Is the Point of Care Ultrasound Market Segmented?
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
Subsegments:
1) By Diagnostic Devices: Portable Ultrasound Systems, Handheld Ultrasound Devices, Cart-Based Ultrasound Machines
2) By Therapeutic Devices: Ultrasound-Guided Injection Systems, Ultrasound Therapy Devices, Ablation Devices
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Where Is the Point of Care Ultrasound Market Growth Most Prominent?
North America was the largest region in the point of care ultrasound market in 2024. 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.
What Is Covered In The Point of Care Ultrasound Global Market Report?
- Market Size Analysis: Analyze the Point of Care Ultrasound Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Point of Care Ultrasound Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Point of Care Ultrasound Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Point of Care Ultrasound Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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