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The Point-of-Care Ultrasound Market Surges Amidst Rising Chronic Disease Prevalence: Key Factor Driving The Growth In The Point of Care Ultrasound Market
The Point of Care Ultrasound Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Point of Care Ultrasound Market Size During the Forecast Period?
In the past few years, the size of the point of care ultrasound market has seen significant growth. This market is projected to expand from $4.25 billion in 2024 to $4.58 billion in 2025, with a compound annual growth rate (CAGR) pegged at 7.8%. The growth during the historic period was driven by factors such as the rise in point-of-care testing, enhanced clinical utility, the advent of compact and portable devices, training and education programs, and cost-effectiveness.
The size of the point of care ultrasound market is poised for considerable expansion in the coming years, expected to reach a value of $6.14 billion by 2029, experiencing a compound annual growth rate (CAGR) of 7.6%. Factors contributing to this growth over the forecast period include the adoption of artificial intelligence (AI), increased uses in primary care, worldwide health campaigns, accessibility in remote and rural areas, and the emergence of customized and specialized probes. Key trends for the period include technological evolution, the miniaturization and portability of devices, enhancements in wireless connectivity and integration with the cloud, and an expansion of applications beyond the realm of radiology, including remote and rural healthcare environments.
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What Are the High-Growth Segments in the Point of Care Ultrasound Market?
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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What Key Drivers Are Expected to Influence Future Point of Care Ultrasound Market Growth?
The point-of-care ultrasound market is anticipated to experience growth as the occurrence of chronic diseases increases. Chronic or non-communicable diseases (NCDs), being long-lasting medical conditions that slowly progress over time, will eventually require prompt detection, personalized care, and remote observation. These needs can be aptly fulfilled by the POCUS (point of care ultrasound), making it an essential tool in managing chronic ailments and enhancing patient results. For example, the National Institutes of Health, a US-based government agency, has projected that by 2035, 35.66% (range: 33.36-36.04) of adults aged 50 and above will have at least one chronic disease, a figure foreseen to escalate to 47.81% (range: 46.09-49.71) by 2050. Consequently, the increasing rate of chronic illnesses contributes to the expansion of the point-of-care ultrasound market.
Which Companies Hold the Largest Share Across Different Point of Care Ultrasound Market Segments?
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, dic*kinson, 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 Trends Are Driving Growth in The Point of Care Ultrasound Market?
Key players in the point-of-care ultrasound market are focusing on creating groundbreaking products like ultrasound-on-chip technology to improve imaging capabilities and foster innovation in the realm of medical diagnoses. This development condenses ultrasound parts onto a single chip, permitting more compact and mobile ultrasound devices suitable for a range of medical imaging uses. This advancement improves access to ultrasound diagnoses and links to potential progress in point-of-care and wearable health tech devices. For instance, Butterfly Network Inc., a US medical imaging devices manufacturer, launched the Butterfly iQ3 - the newest version of its portable point-of-care ultrasound (POCUS) system - in February 2024. It uses P4.3 ultrasound-on-chip technology and claims the top spot for the fastest digital data transfer rate in the world. The system is designed to provide superior high-resolution imaging and mobile ultrasound imaging with cutting-edge 3D capabilities, possessing twice the processing capacity of its predecessor, the Butterfly iQ+.
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What Are the Emerging Geographies for The Point of Care Ultrasound Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Point of Care Ultrasound Market?
2. What is the CAGR expected in the Point of Care Ultrasound Market?
3. What Are the Key Innovations Transforming the Point of Care Ultrasound Industry?
4. Which Region Is Leading the Point of Care Ultrasound Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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