Surge In The Healthcare Spending is Escalating the market of Point-of-Care Ultrasound Devices Globally


NOIDA, India, September 20, 2022 /PRNewswire/ — According to a new report by UnivDatos Markets Insights, the The point-of-care ultrasound equipment market has been valued around $2 billion in 2020 and is projected to grow at a CAGR of over 9% over the period 2021-2027. The analysis was divided into portability (trolley-based devices and handheld devices); Application (emergency medicine, cardiology, obstetrics and gynecology, musculoskeletal system and others); type (diagnostics and therapy); end users (hospitals, clinics and others); Area.

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The Point of Care Ultrasound Devices Market report has been compiled by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report uses multiple analyzes to provide a more in-depth perspective of the Point-of-Care Ultrasound Devices market. The Point of Care Ultrasound Devices Market report provides a detailed analysis of the latest industry developments and market trend factors affecting market growth. Additionally, this market statistical research repository studies and estimates the Point-of-Care Ultrasound Devices Market on a global and regional scale.

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Market Overview

Diagnostic ultrasound, also called sonography or diagnostic medical sonography, is an imaging test that uses sound waves to create images of structures in the body. The images can provide valuable information for the diagnosis and treatment of a variety of diseases and conditions. Point-of-care ultrasound refers to the practice of trained medical professionals using ultrasound to diagnose problems where a patient is being treated. The increasing demand for portable and accurate devices in emergency rooms for rapid diagnosis and treatment. In addition, the increasing prevalence of cardiovascular and chronic diseases is due to the increasing demand for better and more portable medical devices. Furthermore, the rising prevalence of MSDs due to improper diet is also a major factor contributing to the global market.

Click here for the report description and table of contents

https://univdatos.com/report/point-of-care-ultrasound-device-market/

The global Point-of-Care Ultrasound Devices market report is thoroughly studied with several aspects that would help the stakeholders to make their decisions in a more curated way.

  • Based on portability, the market is split into trolley-based devices and handheld devices. Handheld devices are expected to witness significant growth over the forecast period. The increasing prevalence of chronic diseases along with advances in technology due to the development of handheld devices. Furthermore, the features such as affordability and portability contribute to the segment’s significant market share during the forecast period.

  • On the basis of application, the market is segmented into emergency medicine, cardiology, obstetrics and gynecology, musculoskeletal and others. Among them, obstetrics and gynecology held a significant market share in the POCUS market in 2020. The reasons behind the market growth are diagnosing the risk of pregnancy complications and saving the life of the mother and the newborn. However, the musculoskeletal segment is expected to hold a significant market share during the forecast period. The increasing number of injuries and accidents is one of the main drivers of the market. In addition, lifestyle changes and poor diet are other reasons for the growth of the musculoskeletal segment in the foreseeable future.

  • Based on the types, the point-of-care ultrasound equipment market has been segmented into diagnostics and therapeutics. In 2020, the diagnostics segment saw significant growth due to the increasing number of diagnostic centers around the world. In addition, the increasing prevalence of chronic diseases such as nephrolithiasis and cardiovascular diseases contributes to a significant market share of the diagnostic segments in 2020. However, in the projected future, the therapeutic segment is expected to witness significant growth. Some therapeutic procedures including punctures, thoracentesis, paracentesis, aspirations, placement of various medical instruments in the body (e.g. tubes) and removal of foreign objects from the body contribute to POCUS’ significant market share.

  • Based on end users, the market is segmented into hospitals, clinics, and others. Among these, the hospital segment is expected to hold a large market share during the forecast period. Hospitals complement and reinforce the effectiveness of many other parts of the healthcare system by providing continuous availability of services for both acute and complex illnesses. In addition, the increasing number of operations in hospitals contributes to the development of the market.

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The Point of Care Ultrasound Devices Market is segmented as follows:

  • North America (United States, Canadaand rest of North America)

  • Europe (Germany, United Kingdom, Spain, Italy, Franceand the rest of Europe)

  • Asia Pacific (China, Japan, India, South Koreaand the rest of Asia Pacific)

  • rest of the world

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For a better understanding of the market acceptance of the Point-of-Care Ultrasound Devices industry, the market is analyzed based on its worldwide presence in countries like North America (United States, Canadaand the rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and rest Europe), Asia Pacific (China, Japan, India, South Korea, and rest of APAC) and rest of the world. During the forecast period North America a higher CAGR is expected due to higher investments in healthcare infrastructure and greater acceptance for the adoption and integration of advanced technologies in medical facilities. Additionally, an increased awareness of better health and rising investments in health insurance are helping the market drive positively along with the increasing prevalence of chronic diseases.

Major players targeting the market include

competitive landscape

The level of competition among prominent global companies has been elaborated through the analysis of several leading key players operating worldwide. The specialist team of research analysts sheds light on various characteristics such as global market competition, market share, latest industry advances, innovative product launches, partnerships, mergers or acquisitions by leading companies in the Point-of-care Ultrasound Equipment Market. Key players have been analyzed using research methodologies to provide insights into global competition.

Key Questions Answered by This Analytical Market Research Report Include:

  • What are the latest trends, new patterns and technological advancements in the Point of Care Ultrasound Devices market?

  • What factors are affecting the point-of-care ultrasound equipment market during the forecast period?

  • What are the Global Challenges, Threats, and Risks in Point-of-Care Ultrasound Devices Market?

  • What are the factors driving and inhibiting the Point-of-Care Ultrasound Devices Market?

  • What are the challenging global regions of the Point-of-Care Ultrasound Devices Market?

  • How big will the global market be in the coming years?

  • What are the crucial market acquisition strategies and policies employed by global companies?

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Point-of-care Ultrasound Equipment Market report coverage

report attribute

details

base year

2020

forecast period

2021-2027

growth dynamics

Accelerate with a CAGR of over 9%

market size 2020

$2 billion

Regional Analysis

North America, Europe, APAC, Rest of World

Main Contributing Region

APAC to Witness Highest CAGR in the Point-of-care Ultrasound Equipment Market

Key countries covered

United States, Canada, Germany, United Kingdom, Spain, Italy, France, China, Japan, India and South Korea

company profiled

Abbott Laboratories, Siemens Healthineers AG, Quidel Corporation, F. Hoffman-La Roche Ltd., Danaher Corporation, Becton Dickinson and Company, Chembio Diagnostics, EKF Diagnostics, Trinity Biotech plc. Instrumentation Laboratory (a throwing company)

report scope

Market Trends, Drivers and Constraints; sales estimation and forecasting; segmentation analysis; impact of COVID-19; demand and supply analysis; Ccompetitive landscape; company profiling

Covered Segments

Through portability; By application; By type; By end users; By region/country


About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a passionate market research company and a subsidiary of Universal Data Solutions. We believe in providing insights through market research reports, custom business research and primary research. Our research studies are spread over subjects all over the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We provide in-depth studies, in-depth analysis, and customized reports that help create winning business strategies for our clients.

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