Point of Care Ultrasound Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Point of care Ultrasound Market
The Point of care Ultrasound Market size was valued at USD 1.18 billion in 2023, and the market is now projected to grow from USD 1.32 billion in 2024 to USD 4.07 billion by 2032, exhibiting a CAGR of 15.1% during the forecast period of 2024-2032.
At the start of the COVID-19 pandemic, global healthcare access went down as a result of travel bans and opportunities for movement being significantly limited but later the industry got a boost from rising demand for diagnostic imaging amongst patients from across the world, showing an improvement in attention towards healthcare diagnosis after the pandemic in Point of care Ultrasound Market growth.
Their portability, lower cost, and enhanced clinical efficiency contribute to ultrasound systems in point-of-care applications gaining more traction across healthcare specialties. This is why compact ultrasound devices are common among healthcare professionals such as anesthesiologists and orthopedists especially in hospital emergency rooms and intensive care units, due to the above named benefits in Point of care Ultrasound Market share.
Increased global diagnostic testing and screenings are pushing up the market for ultrasound devices. With regard to medical diagnostics, ultrasound has become a necessary tool for diagnosing a range of chronic diseases such as cardiovascular and vascular disorders including sports related injuries.
Comprehensive Analysis of Point of care Ultrasound Market
The Point of care Ultrasound Market and Healthcare industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Product Analysis, by End User Analysis, The Product Analysis, Segments of carts-based, and compact & hand-held nature. However, the End User Analysis, hospitals, clinics, and others.
The North America region lead the Point of care Ultrasound Market by benefitting a market size of USD 0.47 billion in 2023 due to The northern America was the wiped out the market in the year 2023.
The top players in the market play a crucial role in the Healthcare industry prospectus growth and setting market standards. These players include, Koninklijke Philips N.V. (Netherlands), GE HealthCare (U.S.), ALPINION MEDICAL SYSTEMS Co., Ltd. (South Korea), FUJIFILM Sonosite, Inc. (U.S.), Hitachi Ltd. (Japan), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), TERASON DIVISION TERATECH CORPORATION (U.S.), EDAN Instruments (China), Butterfly Network, Inc. (U.S.), CHISON Medical Technologies Co., Ltd. (China), Becton, Dickinson, and Company (U.S.), Teknova Medical Systems Co., Ltd. (China), Healcerion Co., Ltd. (South Korea),Zimmer MedizinSysteme GmbH (Germany),Advanced Instrumentations (Florida), DRE Medical (U.S.), DRAMIŃSKI S. A. (Poland), Shenzhen AnaSonic Bio-Medical Technology Co., Ltd. (China), Clarius (Canada),these market players provide a level-playing competitive landscape.
November 2022, Philips Royal Philips Company started their 'Compact 5000', which is one of the high-end cart based point of care ultrasound systems at the annual Radiological Society of North America (RSNA) meeting. Compact 5000 provides superior images confirming Philips’ dedication to sophisticated medical diagnostics and improving bedside practices.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 15.1% from 2024-2032
Unit Value (USD billion), and Volume (Units)
Segmentation By Product
Cart-based
Compact & Hand-held
By End user
Hospitals
Clinics
Others
By Geography
North America (By Product, End User, and Country)
- U.S. (By Product)
- Canada (By Product)
Europe (By Product, End User, and Country)
- Germany (By Product)
- France (By Product)
- U.K. (By Product)
- Italy (By Product)
- Russia (By Product)
- Rest of Europe (By Product)
Asia Pacific (By Product, End User, and Country)
- China (By Product)
- Japan (By Product)
- South Korea (By Product)
- India (By Product)
- Australia (By Product)
- Taiwan (By Product)
- Indonesia (By Product)
- Thailand (By Product)
- Malaysia (By Product)
- Rest of Asia Pacific (By Product)
Latin America (By Product, End User, and Country)
- Mexico (By Product)
- Brazil (By Product)
- Colombia (By Product)
- Argentina (By Product)
- Rest of Latin America (By Product)
Middle East & Africa (By Product, End User, and Country)
- Turkey (By Product)
- Saudi Arabia (By Product)
- UAE (By Product)
- Rest of Middle East & Africa (By Product)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.