The global Point Of Care Ultrasound Systems Market size was valued at USD 721.4 million in the year 2018 and is anticipated to witness a CAGR of 5.7% till 2026.
Point Of Care Ultrasound Systems Market- Overview
Point of care ultrasound involves using portable ultrasonography for diagnostic and therapeutic reasons. Point of care ultrasound also called as PoCUS devices. These devices greatly aid medical experts in the fast treatment of the patients and work efficiently to get rid of the requirement for Radiology Department. This market report covers the primary dynamics of the market such as restraints, challenges, drivers, opportunities. This ultrasound market is anticipated to grow at remarkable pace during 2018-2028 because there is increase in the occurrence of illnesses and increase in aged population base globally. There are a number of uses of PoCUS devices as they are hugely used in musculoskeletal, emergency medicine, gynecology, urology and cardiology. Such increasing application of this device is anticipated to impel the market in upcoming years. The best thing about PoCUS is that it can be brought in patient’s house. This market report covers qualitative and quantitative information focusing key market advancements and new opportunities available n the market for key players. It also gives thorough data on competitive market intelligence and help decision makers in taking sound investment assessments. This report also depicts the rising trends, chief drivers, restraints and challenges.
Point Of Care Ultrasound Systems Market – Driving Factors
There are a number of crucial factors, which can hinder the market growth are lack of awareness amid people about PoCUS, anon accessibility of developed medical infrastructure in developing countries and high price of equipment. The global Point Of Care Ultrasound Systems Market is anticipated to increase at a stellar pace in upcoming years. It is primarily because of the increasing aged population, rising occurrence of chronic illnesses, technological developments in PoCUS equipment, increase in healthcare expenses hand growing alertness amid people about advantages provided by this device. Availability of inexpensive and portable POCU systems providing important data for clinical evaluation is going to increase its implementation. Application of POCUS in different specialties such as cardiology, critical care, anaesthesiology, emergency departments will impel the market growth during the forecast period.
Global Point Of Care Ultrasound Systems Market Segmentation Analysis:
The Global Point of Care Ultrasound Market is categorized based on Application, Portability, Type, and Region
Point of Care Ultrasound Market by Application
- Vascular & urology
- Emergency medicine
- Obstetrics & gynecology
Point of Care Ultrasound Market by Portability
Point of Care Ultrasound Market by Type
Point of Care Ultrasound Market by Region
- North America
- Asia Pacific
- Rest of the World
Among all the regions, North America is anticipated to obtain huge share in the point of care ultrasound market. It is because availability of developed medical healthcare services, growing occurrence of chronic diseases and increasing preference for point of care devices from emergency departments.
Industry players in the market are implementing numerous enhancing strategies like collaboration, acquisitions, business expansion and mergers to make the position and stay ahead of each other. It can be related with the current development in the market. For example, Hitachi Healthcare Americas Corporation, a subsidiary of Hitachi Ltd, a major player acquired VidiStar LLC, a clinical analytics industry. This attainment is going to help the informatics of Hitachi to expand its analytical abilities to augment workflow for physicians especially in diagnostic ultrasound assessments. Apart from this, a few of the prominent industry players working in the market are given below:
- Mindray Bio-Medical Electronics Co. Ltd
- Analogic Corporation
- General Electric Company
- Siemens AG
- Fujifilm Holdings Corporation
- Samsung Electronics Co. Ltd.
- Koninklijke Philips N.V
- Canon Medical Systems Corporation