Global Point-Of-Care Ultrasound Systems (POCUS) Market, By Type (Diagnostic Devices, Therapeutic Devices), Portability (Trolley Based Devices, Handheld Devices), Application (Emergency Medicine, Cardiology, Obstetrics & Gynecology, Urology, Vascular Surgery, Musculoskeletal), End-use (Hospitals, Clinics, Maternity Centers, Ambulatory Surgical Centers) – Industry Trends and Forecast to 2030.
Point-Of-Care Ultrasound Systems (POCUS) Market Analysis and Size
The increase in number of patient admissions in emergency care across the globe acts as one of the major factors driving the growth of global point-of-care ultrasound systems (POCUS) market. The adoption of speedy and accurate diagnostics technology in emergency department (ED), especially in the case of “Point of care devices” for decreasing the delay between the onset of symptoms, and rise in prevalence for cardiovascular disorders and chronic diseases among population accelerate the market growth. The rise in demand for mobile point of care ultrasound systems for enhancing operational efficiency and patient outcomes, and initiatives undertaken by numerous organizations such as Society of Point of Care Ultrasound (SPOCUS) for promoting the use of point of care ultrasound systems and educate professionals further influence the market.
Data Bridge Market Research analyses that the global point-of-care ultrasound systems (POCUS) market which was USD 629.81 million in 2022, is expected to reach USD 1146.05 million by 2030, and is expected to undergo a CAGR of 6.5% during the forecast period 2023-2030. This indicates that the market value. “Diagnostic Devices” dominates the product segment of the global point-of-care ultrasound systems (POCUS) market owing to rapid advancements in technology. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Point-Of-Care Ultrasound Systems (POCUS) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Diagnostic Devices, Therapeutic Devices), Portability (Trolley Based Devices, Handheld Devices), Application (Emergency Medicine, Cardiology, Obstetrics & Gynecology, Urology, Vascular Surgery, Musculoskeletal), End-use (Hospitals, Clinics, Maternity Centers, Ambulatory Surgical Centers)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of the Middle East & Africa
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Market Players Covered
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Koninklijke Philips N.V. (Netherlands), Abaxis (U.S.), Abbott (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Siemens AG (Germany), Beckman Coulter, Inc. (U.S.), BD (Becton, Dickinson and Company) (U.S.), Johnson & Johnson Services, Inc. (U.S.), Instrumentation Laboratory (U.S.), PTS Diagnostics (U.S.), Canon Inc. (Japan), SAMSUNG (South Korea), Carestream Health (U.S.), FUJIFILM Holdings Corporation (Japan), Hitachi, Ltd. (Japan), Hologic, Inc. (U.S.), GENERAL ELECTRIC COMPANY (U.S.), Medtronic (Ireland), Accriva Diagnostics (U.S.), Opti Medical (U.S.), Sienco, Inc. (U.S.), Alpha Scientific Electronics (Taiwan), AccuBioTech Co., Ltd. (China), ACON Laboratories, Inc. (U.S.), Acrongenomics Inc. (U.S.), bioMérieux SA (France), Biomerica, Inc. (U.S.), Binx Health, Inc. (U.S.), Alfa Scientific Designs, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Medica Corporation (U.S.), Nova Biomedical (U.S.)
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Market Opportunities
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Market Definition
Point-of-care ultrasound, also called PoCUS devices, are defined as the use of portable ultrasonography at a patient’s bedside diagnostic and therapeutic purposes. These devices are known to assist medical professionals for faster treatment of their patients with accuracy. They remove the need of the Radiology department in a non-invasive way.
Global Point-Of-Care Ultrasound Systems (POCUS) Market Dynamics
Drivers
- Rapid Advancements in Technology
Technological advancements have led to the development of more compact, portable, and user-friendly POCUS devices. These innovations have expanded the range of clinical applications and improved the ease of use, driving market growth.
- Growing Demand for Bedside Diagnostics
The need for immediate and accurate diagnostic information at the patient's bedside is increasing, particularly in emergency and critical care settings. POCUS systems enable real-time assessments, leading to better-informed clinical decisions.
- Increasing Prevalence of Chronic Diseases
The rising prevalence of chronic diseases, such as cardiovascular disorders and diabetes, necessitates regular monitoring and diagnostics. POCUS systems offer a non-invasive and cost-effective solution for disease management.
- Point-of-Care Testing Expansion
The trend toward decentralized healthcare and point-of-care testing is driving the adoption of POCUS devices. These systems empower healthcare providers to make immediate decisions and improve patient outcomes.
Opportunities
- Emerging Markets Expansion
There is significant growth potential for POCUS systems in emerging markets where access to traditional healthcare infrastructure is limited. The expansion of affordable POCUS technology can bridge the healthcare gap.
- Customization and Application Diversity
Companies can explore opportunities by developing specialized POCUS devices for specific medical fields, such as obstetrics, cardiology, and musculoskeletal applications, to cater to diverse clinical needs.
Restraints/Challenges
- Training and Expertise Gap
Effective use of POCUS devices requires specialized training. Ensuring that healthcare providers are adequately trained and proficient in using these systems can be a challenge.
- Regulatory and Compliance Hurdles
Adhering to varying regulatory standards and obtaining necessary certifications for POCUS devices in different regions can pose challenges for manufacturers.
This global point-of-care ultrasound systems (POCUS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global point-of-care ultrasound systems (POCUS) market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In April 2022, Fujifilm Holdings Corporation expanded its POCUS product line in Europe with the introduction of Sonosite LX System in a bid to provide more diagnostic and procedural options, as well as strengthened collaboration.
Global Point-Of-Care Ultrasound Systems (POCUS) Market Scope
The global point-of-care ultrasound systems (POCUS) market is segmented on the basis of type, portability, application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Type
- Diagnostic Devices
- Therapeutic Devices
Portability
- Trolley Based Devices
- Handheld Devices
Application
- Emergency Medicine
- Cardiology
- Obstetrics & Gynecology
- Urology
- Vascular Surgery
- Musculoskeletal
End-Use
- Hospitals
- Clinics
- Maternity Centers
- Ambulatory Surgical Centers
Global Point-Of-Care Ultrasound Systems (POCUS) Market Regional Analysis/Insights
The global point-of-care ultrasound systems (POCUS) market is analysed and market size insights and trends are provided by country, type, portability, application and end-use as referenced above.
The countries covered in the global point-of-care ultrasound systems (POCUS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the global point-of-care ultrasound systems (POCUS) market because of the presence efficient reimbursements policies and acceptance towards advanced technology within the region.
Asia-Pacific is expected to show a rapid and lucrative growth rate in the forecast period of 2023 to 2030 due to the improving healthcare facilities and developing reimbursement policies especially in countries such as India and China.
The country section of the global point-of-care ultrasound systems (POCUS) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. The global point-of-care ultrasound systems (POCUS) market is analysed and market size insights and trends are provided by country, product, indication and end user as referenced above.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global point-of-care ultrasound systems (POCUS) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global point-of-care ultrasound systems (POCUS) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on global point-of-care ultrasound systems (POCUS) market. The data is available for historic period 2015-2020.
Competitive Landscape and Global Point-Of-Care Ultrasound Systems (POCUS) Market Share Analysis
The global point-of-care ultrasound systems (POCUS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to point-of-care ultrasound systems (POCUS) market.
Some of the major players operating in the global point-of-care ultrasound systems (POCUS) market are:
- Koninklijke Philips N.V. (Netherlands)
- Abaxis (U.S.)
- Abbott (U.S.)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Siemens AG (Germany)
- Beckman Coulter, Inc. (U.S.)
- BD (Becton, Dickinson and Company) (U.S.)
- Johnson & Johnson Services, Inc. (U.S.)
- Instrumentation Laboratory (U.S.)
- PTS Diagnostics (U.S.)
- Canon Inc. (Japan)
- SAMSUNG (South Korea)
- Carestream Health (U.S.)
- FUJIFILM Holdings Corporation (Japan)
- Hitachi, Ltd. (Japan)
- Hologic, Inc. (U.S.)
- GENERAL ELECTRIC COMPANY (U.S.)
- Medtronic (Ireland)
- Accriva Diagnostics (U.S.)
- Opti Medical (U.S.)
- Sienco, Inc. (U.S.)
- Alpha Scientific Electronics (Taiwan)
- AccuBioTech Co., Ltd. (China)
- ACON Laboratories, Inc. (U.S.)
- Acrongenomics Inc. (U.S.)
- bioMérieux SA (France)
- Biomerica, Inc. (U.S.)
- Binx Health, Inc. (U.S.)
- Alfa Scientific Designs, Inc. (U.S.)
- Bio-Rad Laboratories, Inc. (U.S.)
- Medica Corporation (U.S.)
- Nova Biomedical (U.S.)
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