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South Africa Point-of-Care (PoC) Ultrasound Market Size Set to Grow at Steady CAGR of 6.8% Touching USD 36.1 Million by 2029
South Africa Point-of-Care (PoC) ultrasound market is flourishing due to a growing demand for portable and accessible medical imaging solutions, increasing healthcare infrastructure development, rising prevalence of chronic diseases, and the need for rapid diagnostic capabilities in remote or underserved areas, all contributing to market expansion.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the South Africa Point-of-Care (PoC) ultrasound market size at USD 22.77 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the South Africa Point-of-Care (PoC) ultrasound market size to grow at a significant CAGR of 6.8% reaching a value of USD 36.09 million by 2029. South Africa Point-of-Care (PoC) ultrasound market is influenced by the increasing prevalence of diseases and the need for rapid and accurate diagnostic tools drive market growth. Advancements in technology have made portable ultrasound devices more accessible and user-friendly, further boosting demand. The rising healthcare infrastructure and awareness, along with government initiatives to improve healthcare access, play a significant role in market expansion. Further, the COVID-19 pandemic has underscored the importance of Point-of-Care (PoC) ultrasound in critical care settings, driving its adoption. Overall, the market is poised for growth due to these factors and the increasing demand for Point-of-Care (PoC) ultrasound solutions in South Africa.
Point-of-Care (PoC) Ultrasound Market - Overview
Point-of-Care (PoC) Ultrasound Market refers to the healthcare industry segment focused on portable and compact ultrasound devices used for immediate patient diagnosis and monitoring at the bedside. This market has experienced significant growth due to its convenience and accuracy in various medical settings, including emergency rooms, clinics, and ambulances. It offers real-time imaging and aids in quick decision-making by healthcare professionals. Factors like technological advancements, increased awareness, and rising demand for Point-of-Care (PoC) diagnostics have contributed to the market's expansion, with a growing emphasis on miniaturization and user-friendliness of ultrasound devices.
Impact of COVID-19 on South Africa Point-of-Care (PoC) Ultrasound Market
The COVID-19 pandemic significantly impacted the Point-of-Care (PoC) ultrasound market in South Africa. The pandemic underscored existing healthcare disparities, disproportionately affecting PoC individuals who faced higher infection rates, limited access to healthcare facilities, and increased mortality rates. In this context, PoC ultrasound devices became crucial in providing rapid and accessible diagnostic solutions, especially in underserved communities. The demand for portable and easy-to-use ultrasound devices soared, enabling healthcare professionals to perform quick assessments at the PoC, reducing the need for unnecessary hospital visits and minimizing the risk of virus transmission. Additionally, the pandemic accelerated technological advancements in the PoC ultrasound market, fostering innovations like telemedicine applications and AI-driven diagnostic tools, further enhancing accessibility and accuracy of healthcare services for PoC communities. Despite the challenges posed by the pandemic, the PoC ultrasound market demonstrated resilience and adaptability, playing a pivotal role in bridging healthcare disparities and improving outcomes for PoC individuals by ensuring timely and efficient diagnostic interventions.
South Africa Point-of-Care (PoC) Ultrasound Market – By Application
Based on application, South Africa point-of-care (PoC) ultrasound market is divided into Emergency medicine, Cardiology, Obstetrics and Gynecology, Oncology surgery, Urology, Vascular surgery, and Musculoskeletal segments. Cardiology stands out as a significant focus area for PoC ultrasound usage, reflecting the importance of this technology in diagnosing and monitoring heart-related conditions. While Emergency medicine, Obstetrics & Gynecology, Oncology Surgery, Urology, Vascular Surgery, and Musculoskeletal segments also play crucial roles, the Cardiology segment takes precedence due to the critical role ultrasound plays in assessing heart health and cardiovascular conditions, making it a prominent and integral part of the South African healthcare landscape.
Competitive Landscape
South Africa point-of-care (PoC) ultrasound market is fiercely competitive. Major companies in the market include Analogic Corporation, CANON MEDICAL SYSTEMS CORPORATION, ESAOTE SPA, Siemens Healthcare GmbH, GE Healthcare, Koninklijke Philips NV, Siemens Healthcare, and B.Braun. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in South Africa Point-of-Care (PoC) ultrasound market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of South Africa Point-of-Care (PoC) Ultrasound Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in South Africa Point-of-Care (PoC) Ultrasound Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. South Africa Point-of-Care Ultrasound Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rise in Chronic Diseases
- 3.2.1.2. Increase in point-of-care diagnostics
- 3.2.2. Restraints
- 3.2.2.1. High initial costs
- 3.2.3. Opportunities
- 3.2.3.1. Advancements in technologies
- 3.2.4. Challenges
- 3.2.4.1. Limited imaging capabilities
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. South Africa Point-of-Care Ultrasound Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Diagnostic devices
- 4.2.1.2. Therapeutic devices
- 4.2.2. By Mobility
- 4.2.2.1. Trolley based devices
- 4.2.2.2. Hand-held devices
- 4.2.3. By Application
- 4.2.3.1. Emergency medicine
- 4.2.3.2. Cardiology
- 4.2.3.3. Obstetrics and Gynecology
- 4.2.3.4. Oncology surgery
- 4.2.3.5. Urology
- 4.2.3.6. Vascular surgery
- 4.2.3.7. Musculoskeletal
- 4.2.4. By End User
- 4.2.4.1. Hospitals
- 4.2.4.2. Clinics
- 4.2.4.3. Ambulatory surgical center
- 4.2.4.4. Others
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. South Africa Point-of-Care Ultrasound Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 6. Impact of Covid-19 on South Africa Point-of-Care Ultrasound Market
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Analogic Corporation
- 7.2. CANON MEDICAL SYSTEMS CORPORATION
- 7.3. ESAOTE SPA
- 7.4. Siemens Healthcare GmbH
- 7.5. GE Healthcare
- 7.6. Koninklijke Philips NV
- 7.7. Siemens Healthcare
- 7.8. B.Braun
- 7.9. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Country
- 9.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 South Africa Point-of-Care Ultrasound Segmentation
- Figure 2 South Africa Point-of-Care Ultrasound Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 South Africa Point-of-Care Ultrasound Market Size, By Value (USD Million), 2019–2029
- Figure 5 South Africa Point-of-Care Ultrasound Market Share, By Type, By Value, 2019–2029
- Figure 6 South Africa Point-of-Care Ultrasound Market Share, By Mobility, By Value, 2019–2029
- Figure 7 South Africa Point-of-Care Ultrasound Market Share, By Application, By Value, 2019–2029
- Figure 8 South Africa Point-of-Care Ultrasound Market Share, By End User, By Value, 2019–2029
- List of Tables
- Table 1 South Africa Point-of-Care Ultrasound Market Size, By Value (USD Million), 2019–2029
- Table 2 South Africa Point-of-Care Ultrasound Market Size, By Type, By Value, 2019–2029
- Table 3 South Africa Point-of-Care Ultrasound Market Size, By Mobility, By Value, 2019–2029
- Table 4 South Africa Point-of-Care Ultrasound Market Size, By Application, By Value, 2019–2029
- Table 5 South Africa Point-of-Care Ultrasound Market Size, By End User, By Value, 2019–2029
- Table 6 Analogic Corporation Company Overview
- Table 7 Analogic Corporation Financial Overview
- Table 8 CANON MEDICAL SYSTEMS CORPORATION Company Overview
- Table 9 CANON MEDICAL SYSTEMS CORPORATION Financial Overview
- Table 10 ESAOTE SPA Company Overview
- Table 11 ESAOTE SPA Financial Overview
- Table 12 Siemens Healthcare GmbH Company Overview
- Table 13 Siemens Healthcare GmbH Financial Overview
- Table 14 GE Healthcare Company Overview
- Table 15 GE Healthcare Financial Overview
- Table 16 Koninklijke Philips NV Company Overview
- Table 17 Koninklijke Philips NV Financial Overview
- Table 18 Siemens Healthcare Company Overview
- Table 19 Siemens Healthcare Financial Overview
- Table 20 B. Braun Company Overview
- Table 21 B. Braun Financial Overview
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