Point of Care Ultrasound Market By Type (Diagnostic devices, and Therapeutic devices), By Portability (Trolley based devices, and Handheld devices), By Mode of Application (Emergency medicine, Cardiology, Obstetrics & Gynecology, Urology, Vascular surgery, Musculoskeletal, and Others), By End-User (Hospitals, Clinics, Maternity Centers, Ambulatory Surgical Centers, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and America – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030

Point of Care Ultrasound Market Overview

The practise of educated medical professionals using ultrasound to detect problems wherever a patient is being treated, whether in a contemporary hospital, an ambulance, or a remote village, is known as point-of-care ultrasound. Rising demand for ultrasound machines in emergency rooms, rising risk of many chronic diseases in the elderly and adult populations, rising birth rates, and technical improvements in point-of-care ultrasound systems are all likely to boost market growth. The demand for accurate and efficient medical gadgets has surged in this era of developments and inventions. Moreover, artificial intelligence and automation elements are built into point-of-care ultrasound machines to make the examination easier and faster.Furthermore, major industry companies are introducing improved ultrasound systems. Canon, for example, released a new version of the Canon Aplio 900 CV system.Because this ultrasound equipment is lightweight, it is portable and effective in POC settings. The equipment also facilitates the work process.

However, major stumbling block to the market's expansion is a lack of public awareness of modern point-of-care ultrasound technologies. As a result, market expansion is expected to be hampered in the next years. Moreover, the global shortage of skilled professionals in developing countries. Inexperienced healthcare professionals mishandling imaging equipment, for example, may cause inadvertent injury to patients in new areas. In developing nations, there has been a lack of appropriate training among doctors on how to safely handle these devices, as well as limited product accessibility due to lower per capita expenditure.

Market Size

According to Business Intelligence Insights “ The Point of Care Ultrasound Market "is expected to grow from USD 3281.60 billion in 2021 to USD 4681.42 billion by 2030, at a CAGR of 6.10% during the forecast period 2022-2030

Covid -19 Impact Analysis

The pandemic of COVID-19 has boosted demand for Point of Care Ultrasound in 2020, with the device becoming a primary diagnostic tool for COVID patients. The advent of low-cost, purpose-built handheld scanners has aided hospitals in dealing with more patients more swiftly, which is critical in an epidemic that is rapidly spreading. Handheld scanners, particularly wireless versions, are easier to disinfect than traditional cart-based systems and other imaging modalities, and infected patients do not have to travel through hospitals to imaging departments, which increases the danger of infection spreading. COVID-19, on the other hand, is expected to become less of a driver of handheld ultrasound adoption as the pandemic's worst impacts (hopefully) fade.

Market Dynamics

• Drivers
  • Technological developments and advancements in point-of-care ultrasound systems will fuel market growth.
  • Booming Geriatric Population
• Restraints
  • Market growth is hampered by a lack of awareness and skilled professionals.

Segmentation Insights

By Mode of Application:

Emergency Medicine category dominated the market with more than 30% of the market share

In 2021, the emergency medicine sector had the biggest market share, and it is predicted to increase at more over the forecast period. Physicians in emergency departments are constantly presented with severely ill patients who have nonspecific complaints, necessitating a quick diagnostic diagnosis and effective therapeutic measures. In point-of-care settings, an ultrasound scan can be performed directly during a physical examination in a couple of minutes, answering a variety of clinical issues and lowering the number of active differential diagnoses. Furthermore, point of Care Ultrasound Market's ability to deliver essential clinical information rapidly and flexibly has led to an increase in its use as an emergency diagnostic tool in emergency medicine.

By End-Use:

Hospitals category dominated the market with more than 30% of the market share

In 2021, hospitals, surgical centres, and diagnostic centres are estimated to account for the majority of the ultrasound market. The high market share of this segment can be ascribed to a large number of ultrasound-based medical procedures conducted in hospitals, as well as the expanding number of hospitals in major markets and the increased acceptance of minimally invasive diagnostic and surgical procedures in these facilities.

However, Clinics accounted for the second highest market share in 2021 and are predicted to increase at a healthy growth during the forecast period. The promise of lowering healthcare costs if problems are detected early is the primary driver of PoCUS adoption in clinics. The smaller size of PoCUS and the low cost of sophisticated devices have encouraged their use in small clinics.

By Type

• Diagnostic devices
• Therapeutic devices

By Portability

• Trolley based devices
• Handheld devices

By Mode of Application

• Emergency medicine
• Cardiology
• Obstetrics & Gynecology
• Urology
• Vascular surgery
• Musculoskeletal
• Others

By End-Use

• Hospitals
• Clinics
• Maternity centers
• Ambulatory surgical centers
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • UAE
  • South Africa
  • Rest of Middle East and Africa (MEA)

Key Players

• Canon Medical
• EsaoteSpA
• Fujifilm Sonosite
• B. Braun
• GE Healthcare
• Koninklijke Philips
• Shenzhen Mindray Bio-Medical Electronics
• Siemens Healthineers
• Samsung MEDISON (SAMSUNG HEALTHCARE)
• Fukuda Denshi Co. Ltd.

Regional Insights

North America dominated the market with more than 35% of the market share

Geographically, the point of care ultrasound market is likely to be dominated by North America. This is owing to the increasing use of point-of-care gadgets in emergency rooms. Apart from that, the region's improved medical healthcare infrastructure and rising prevalence of chronic, lifestyle disorders are likely to boost the worldwide point care ultrasound market.This future business intelligence study is designed to be a one-stop market research solution that will assist firms in making timely and successful business decisions. The ongoing research is the result of our extensive knowledge of data science approaches, as well as our unrivalled awareness of the external environment and industry analysis. Each of TMR's reports seeks to provide a thorough examination of our current and prospective clients' value chains, guiding them through the process of creating value propositions and assisting their business executives in putting the correct strategies in place to create customer value.

Table

Report Attributes	Details
Market Size Value in 2021	USD 3281.60 billion
Market Size Value in 2030	USD 4681.42 billion
Growth Rate	+ 6.10%
Base Year	2021
Forecast Period	2022-2030
Historical Data	2018-2020
Forecast Units	(USD Billion)
Countries Covered	North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE
Segments Covered	By Type, By Portability, By Mode of Application, By End-Use, By Region
Competitive landscape	Leading companies, Competitive strategies and Consumer engagement scope
Customization is available	If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

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