According to Vision Research Reports, the global Point Of Care Ultrasound Systems market size is expected to be worth around US$ 2.7 billion by 2030.
According to Vision Research Reports, the global Point Of Care Ultrasound Systems market size is expected to be worth around US$ 2.7 billion by 2030.
The global Point Of Care Ultrasound Systems market size was valued at US$ 750.4 million in 2021 and is anticipated to grow at a CAGR of 6.8% during forecast period 2022 to 2030.
Immediate Delivery Available | Get the sample copy of report@ https://www.visionresearchreports.com/report/sample/36872
Report Highlights
- Trolley based devices held the largest market share based on mobility of PoCUS in 2020.
- Emergency medicine segment held the largest market share in 2020 and is expected to grow at a lucrative CAGR of 6.0% over the forecast period.
- The other segments such as urology, obstetrics &gynecology and musculoskeletal are also expected to grow at a lucrative CAGR over the forecast period.
- Diagnostics devices held the largest market share and is expected to grow at a healthy CAGR over the forecast period.
- Therapeutic device segment is expected to exhibit significant growth over the forecast period.
- Hospital segment accounted for the largest market share in 2020.
- Clinics held the second largest market share in 2020 and are expected to grow at a lucrative CAGR over the forecast period.
- Ambulatory surgical centers are expected to grow at a significant rate over the forecast period.
- North America dominated the market in 2020.
- Europe accounted for the second largest market share in 2020.
- Asia Pacific is also anticipated to grow at a significant CAGR over the forecast period.
Growth Factors
Increasing number of emergency visits to hospitals with undifferentiated signs and symptoms is expected to increase the demand for point of care ultrasounds owing to its ability to quickly and effectively assess these critical conditions.
Point of care ultrasound devices are being used as a therapeutic device, diagnostic device as well as device guiding medical procedures in the field such as cardiology, musculoskeletal, vascular surgery and urology. Increasing popularity of ultrasound devices in point of care settings for several applications owing to its advantages such as low-cost, wide scope, and safety as competed to other imaging alternatives is expected to foster the market growth. Moreover, integration of advanced technologies to provide clearer images is expected to increase its adoption in several healthcare facilities.
Growing number of strategic initiatives such as introduction of innovative technology with integrated features by the major market players to maintain the market share is propelling the growth of the market. Moreover, establishment of echocardiology society and evolving government and non-government program supporting the training, education and research on point of care ultrasound system, is anticipated to boost the market growth during the forecast period.
Mobility Insights
Trolley based devices held the largest market share based on mobility of PoCUS in 2020. High adoption of trolley-based device by hospitals and clinics to perform sophisticated measurements contributes to the segment share, whereas, handheld devices are expected to grow at the fastest rate over the forecast period. The growth dxis largely due to the advantages associated with it such as affordability and portability. Moreover, the increasing need for advanced devices to perform bedside monitoring is expected to contribute towards the adoption of handheld ultrasounds.
Manufactures in handheld PoCUS market are focused on introduction of innovative technology and transducers that can easily integrate with smartphones and can provide an exquisite ultrasound imaging on a mobile screen. Butterfly Network recently launches its handheld PoCUS called Butterfly IQ, this device has a transducer that can connect to an iPhone or iPad, downloaded with butterfly IQ app converting the iPhone into good quality ultrasound monitor. It works on a “single chip” transducer-based technology that eliminates the need of swap out various transducers for e.g. swapping curved, phased or linear probe.
Companies in this market are focused on streamlining the workflow process with introduction of trolley-based PoCUS with features such as fewer dropdown menus, faster processing time, automation in measurements and minimum keystrokes. In 2018, FDA cleared Samsung RS85 which has combined multiple actions into single steps to reduce keystrokes and repetitive user interaction.
Immediate Delivery Available | Buy this Premium Research Report@ https://www.visionresearchreports.com/report/cart/36872
Application insights
The global PoCUS market is segmented based on application into emergency medicine, cardiology, obstetrics and gynecology, urology, vascular surgery, and musculoskeletal. Emergency medicine segment held the largest market share in 2020 and is expected to grow at a lucrative CAGR of 6.0% over the forecast period. Ability of PoCUS to provide critical clinical information quickly and flexibly has led to rising adoption as emergency diagnostic tool in emergency care.
Emergency department physicians are continuously confronted with critically ill patients with undifferentiated complaints underlying the need to perform a time sensitive diagnostic decision and effective therapeutic interventions. Ultrasound scan, in point of care settings, can be performed directly at the time of physical examination within a matter of minutes providing answer to a number of clinical questions and reducing the number of active differential diagnosis.
The other segments such as urology, obstetrics &gynecology and musculoskeletal are also expected to grow at a lucrative CAGR over the forecast period. The PoCUS devices are also used as an intraoperative imaging tool in procedures such as central venous catheterization, peripheral venous catheterization, thoracentesis, and arthrocentesis. According to the NCBI, 1.5 million people suffer from pleural effusion every year out of which more than 178,000 undergo thoracentesis. PoCUS is used as a diagnostic equipment and guiding tool during thorancentesis, in order to understand the depth of insertion of needle into the pleural cavity.
Type Insights
The global PoCUS market is segmented based on type into diagnostics and therapeutic devices. Devices used for examination of sign and symptoms are classified as diagnostic devices and device used for image guidance during operations are classified as therapeutic device. Diagnostics devices held the largest market share and is expected to grow at a healthy CAGR over the forecast period.
The growth of this segment is largely due to the associated advantages such as its ability in rapid assessment of critically ill patients presented with variety of symptoms such as shortness of breath, chest pain, and undifferentiated hypotension. Increasing number of ED visits with undifferentiated symptoms over years is expected to contribute to the rising adoptions of diagnostics devices.
Therapeutic device segment is expected to exhibit significant growth over the forecast period. The unique features of therapeutic devices in physiological monitoring such as hemodynamic assessment, preload, afterload, cardiac functions (LVF & RVF), and volume status are expected to drive the demand for advanced PoCUS devices in hospitals and clinics
End-Use Insights
In terms of end-user, the global point of care ultrasound devices market is segmented into hospitals, clinics, and ambulatory surgical center. Hospital segment accounted for the largest market share in 2020. Increasing number of emergency visits to hospitals with conditions such as abdominal pain, abdominal/thoracic trauma, cardiac arrest, and pleural effusion with undifferentiated complaints has led to the increasing demand for point of care systems including devices. Moreover, the multiple uses of PoCUS as diagnostics, therapeutic and guiding devices across various procedures has led to their increased usage in hospitals contributing to its market share.
Clinics held the second largest market share in 2020 and are expected to grow at a lucrative CAGR over the forecast period. The possibility to reduce healthcare cost if the conditions are diagnosed early is the main reason behind the increasing adoption of PoCUS in clinics. Reduced PoCUS size and availability of advanced devices at affordable price has promoted their usage in small sized clinics.
Ambulatory surgical centers are expected to grow at a significant rate over the forecast period because of efficient cost coverage policies over point of care ultrasound in these centers. For instance, Medicare 2018 announced the reimbursement of expenditure on use of ultrasound scans e.g. single organ, quadrant etc. as emergency medicine in ambulatory surgical center is driving the growth of this market
Regional Insights
North America dominated the market in 2020 owing to presence efficient reimbursements policies and increasing acceptance towards advanced technology coupled with developed healthcare infrastructure. High presence of major market players based in the region and presence of organization such as American college of cardiology and American society of echocardiology involved in PoCUS education and training programs.
Europe accounted for the second largest market share in 2021. Increasing demand for advance PoCUS with presence of major players based in Germany, the U.K. has contributed to its market share. European Society of Emergency Medicine takes initiatives such as establishing forum for discussions of emergency ultrasound and develop and deliver several short and basic ultrasound courses are expected to aid to the growth of this market.
Asia Pacific is also anticipated to grow at a significant CAGR over the forecast period owing to their large unmet needs with improving healthcare facilities and developing reimbursement policies especially in countries such as India and China. Furthermore, the increasing healthcare expenditure in China and Japan is expected to boost the demand for PoCUS devices.
Key Players
Analogic Corporation; CANON MEDICAL SYSTEMS CORPORATION; ESAOTE SPA; Siemens Healthcare GmbH; GE Healthcare; Koninklijke Philips NV
Market Segmentation
- Mobility Outlook
- Trolley based devices
- Hand-held devices
- Application Outlook
- Emergency medicine
- Cardiology
- Obstetrics and Gynecology
- Oncology surgery
- Urology
- Vascular surgery
- Musculoskeletal
- End-use Outlook
- Hospitals
- Clinics
- Ambulatory surgical center
- Others
- Type Outlook
- Diagnostic devices
- Therapeutic devices
- Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Click Here to View Full Report Table of Contents
Immediate Delivery Available | Buy this Premium Research Report@ https://www.visionresearchreports.com/report/cart/36872
You can place an order or ask any questions, please feel free to contact at sales@visionresearchreports.com | +1 9197 992 333