Report Ocean recently released a research report on the Point-Of-Care Ultrasound Device Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global point-of-care ultrasound device market size was US$ 2.2 billion in 2021 and is forecast to reach US$ 4.1 billion by 2030. The global point-of-care ultrasound device market is expected to grow at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022-2030.
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Factors Influencing
- The growing geriatric population and technological advancements would propel the growth of the global point-of-care ultrasound devices industry.
- The global point-of-care ultrasound device market is forecast to gain traction, owing to the mounting occurrence of chronic diseases and growing healthcare infrastructure all around the globe. Centers for Disease Control and Prevention (CDC) estimates that every year approximately 370,000 people die in the United States because of coronary heart disease. Thus, the growing cases of heart diseases would ultimately fuel the demand for point-of-care ultrasound devices.
- The increasing awareness related to the benefits of portable ultrasound devices would benefit the global market for point-of-care ultrasound devices.
- The shortage of skilled professionals may act as a challenging factor in the growth of the global point-of-care ultrasound device market.
Geographic Analysis
Regionally, North America dominates the global point-of-care ultrasound device market due to the increasing number of patients suffering from chronic diseases. Moreover, the growing rate of the elderly population and rising healthcare expenditure are forecast to benefit the global point-of-care ultrasound device market. In addition, growing technological advancements in point-of-care ultrasound devices would fuel the demand for the devices in the region.
The Asia-Pacific region would emerge as a rapidly growing region in the global point-of-care ultrasound device market due to the increasing geriatric population and growing healthcare expenditure. Moreover, the increasing cases of chronic diseases are forecast to benefit the market players in the global point-of-care ultrasound device market.
COVID-19 Impact Analysis
The COVID-19 pandemic had a negative influence on the global point-of-care ultrasound devices market. It is majorly because diagnostic imaging services were closed during the epidemic. Moreover, the preferences of the healthcare providers diverted to curb the pandemic effect. Thus, it hampered the growth of the global point-of-care ultrasound device market.
The unavailability of raw materials and shortage of laborers slowed down the manufacturing activities. Apart from that, players witnessed several disruptions in the supply chain because of import-export bans. As a result, the global point-of-care ultrasound device market declined abruptly. However, the global point-of-care ultrasound device market would recover significantly once the COVID-19 cases begin to decrease.
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Competitors in the Market
- Mindray Bio-Medical Electronics Co. Ltd.
- Siemens AG
- Koninklijke Philips N.V.
- General Electric Company
- Canon Medical Systems Corporation
- Analogic Corporation
- Fujifilm Holdings Corporation
- Esaote S.p.A
- Hitachi Ltd.
- Samsung Electronics Co. Ltd.
- Other prominent players
Market Segmentation
Insight by Type
- Diagnostic
- Therapeutic
Insight by Portability
- Compact
- Handheld
- Cart-Based/Trolley
Insight by Application
- Medicine
- Obstetrics and Gynecology
- Musculoskeletal
- Cardiology
- Vascular and Urology
- Others
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Insight by Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Point-Of-Care Ultrasound Device Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Point-Of-Care Ultrasound Device market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Point-Of-Care Ultrasound Device Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Point-Of-Care Ultrasound Device market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Point-Of-Care Ultrasound Device market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Point-Of-Care Ultrasound Device market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Point-Of-Care Ultrasound Device market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Point-Of-Care Ultrasound Device business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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