The global ”point of care ultrasound market” size is expected to grow significantly owing to the rising adoption of Point of Care (POC) ultrasound systems, states Fortune Business Insights™ in an upcoming report, titled, “Point of Care Ultrasound Market Size, Share & Industry Analysis, By Type (Therapeutic Devices, Diagnostic Devices), By Portability (Stand-alone, Hand-held), By Application (Emergency Medicine, Cardiology, Obstetrics and Gynecology, Urology, Others), By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Maternity Centers, Others) and Regional Forecast, 2020-2027.” The report further showcases how POS ultrasound devices are gaining popularity globally due to the increasing demand for remote and efficient diagnostics.

The COVID-19 pandemic has had a disruptive impact on the healthcare sector. Although the contagion is anticipated to fast track the development of the industry in some aspects, it has also brought along several challenges that do not have any solutions as of now. At Fortune Business Insights™, we are constantly analyzing the best and worst case scenarios of the market to identify the solutions to these challenges.

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Regional Insights-

Growing Rate of Coronary Events in U.S. to Help North America Dominate

North America is expected to dominate the global point of care ultrasound market due to the increasing prevalence of heart related diseases in the region. For Instance, according to a research by the American College of Cardiology Foundation, nearly 1,055,000 numbers of coronary events were recorded in the U.S. in 2019. This is expected to bolster the demand for POC ultrasound systems in the region.

The Europe point of care ultrasound market is estimatedto grow progressively in the forecast timeline. A wide range of product variants available due to numerous launches by key players in the region is expected to drive growth.

Drivers & Restraints-

Increasing Adoption of Point of Care Ultrasound Systems Worldwide to Drive Growth

Growing technological advancements in the field of medical science are driving the development of medical equipment including biosensors, microfluidic, bioanalytical platforms, assay formats, lab-on-a-chip technologies, and complementary technologies. These developments are set to increase the adoption of POC ultrasound devices, which is expected to drive the growth of the global point of care ultrasound market. In addition, a rapid increase in the number of geriatric population worldwide is set to strengthenthe demand for POC ultrasound systems as they would provide the convenience of remote diagnostics to the elderly. This is expected to further enhance growth.

Highlights of the Report:

The report includes segmentation of the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, a list of companies is prepared and a detailed analysis of these companies’ financial positions, product portfolios, and growth strategies is conducted. Our next step comprises the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market.

Competitive Landscape-

Offering High-Performance Affordable Devices to Help Key Players Gain More Share

The market for POC ultrasound devices comprises several manufacturers and is highly competitive. Prominent players are delivering highly efficient systems at economical prices in order to gain more market share. For instance, in April 2019, Canon Medical Systems, USA launched Aplio a-series, a new series of ultrasound systems, delivering high performance for multiple clinical uses at an affordable price point.

Industry Developments-

  • In January 2020, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. launched TE7 ACE, its point-of-care ultrasound system, to improve its diagnostics services.
  • In April 2018, Koninklijke Philips N.V., in partnership with Innovative Imaging Technology (IIT), announced an industry first integrated tele-ultrasound solution based on Philips Lumify portable ultrasound system and powered by IIT’s Reacts collaborative platform.

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A List of Key Manufacturers Operating In the Global Point of Care Ultrasound Market Report:

  • BK Medical Holding Company, Inc.
  • Braun Melsungen AG
  • General Electric Company
  • FUJIFILM Sonosite Inc.
  • Koninklijke Philips N.V.
  • Canon Medical Systems, USA
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Others

What are the key segments in the market?

By Type

  • Therapeutic Devices
  • Diagnostic Devices

By Portability

  • Stand-alone
  • Hand-held

By Application

  • Emergency Medicine
  • Cardiology
  • Obstetrics and Gynecology
  • Urology
  • Others

By End User

  • Hospitals& Clinics
  • Ambulatory Surgery Centers
  • Maternity Centers
  • Others

By Geography

  • North America (USA, Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

    With tables and figures helping analyse worldwide Global point of care ultrasound Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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