Point of Care Ultrasound Market Growing at a CAGR %: Analysis of Prevailing Industry Opportunities and Winning Manufacturers

Press Release

Point of Care Ultrasound Market: An Overview

The global point of care ultrasound market is expected to rise at impressive pace during 2018-2028. This is mainly attributed to increase in prevalence of diseases and surge in geriatric population base worldwide.

Point-of-care ultrasound equipment are expected to hold immense potential in coming few years owing to their ability to empowers the primary care. They offer physician precious diagnostic information and help in targeted clinical procedures. There by reducing prolonged patient stay in hospitals.

An upcoming report on the point of care ultrasound market by Transparency Market Research is expected to provide an in depth analysis on industry. The report will through light on several segments of the point of care ultrasound market. Along with this, the report is anticipated to consists of vital data that will indicate growth and latest trend in point of care ultrasound market during the forecast period. 

Point of Care Ultrasound Market: Notable Developments

Some of the recent development in the point of care ultrasound market are-

Key players in PoCUS device industry adopting several strategies such as acquisitions and mergers, business expansion and collaboration to stay ahead of each other. This can be related with the recent developed in the industry. In January 2018, Hitachi Healthcare Americas Corporation, a prominent players and subsidiary of Hitachi Ltd. acquired VidiStar LLC, a clinical analytics company. The acquisition will help Hitachi’s informatics expand its analytical capabilities and will help them improve workflow for physicians particularly in diagnostic ultrasound examinations.

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Apart from this, some of the other major players operating in the point of care ultrasound market are Mindray Bio-Medical Electronics Co. Ltd., General Electric Company, Siemens AG, Analogic Corporation, Fujifilm Holdings Corporation, Samsung Electronics Co. Ltd., Koninklijke Philips N.V., and Canon Medical Systems Corporation.


Point of Care Ultrasound Market: Key Trends

The global point care ultrasound market is expected to rise at a stellar pace in the coming few years. This is mainly due to a surge in geriatric population, technological advancements in PoCUS equipment, increasing prevalence of chronic diseases, increasing awareness among people regarding benefits offered by portable ultrasound devices and rise in healthcare expenditure.

There are several application of PoCUS devices, they are widely used in emergency medicine, obstetrics, cardiology, gynecology, vascular, urology, and musculoskeletal. The increasing application of point of care ultrasound device market is another factor expected to propel the marker in the coming few years.  

The best part of using PoCUS is that physicians can bring ultrasound scanner to patient home. Thus aid in diagnosis of patient without need of patient to visit at the nursing home.  

However, several factors which are expected to impede growth in the point of care ultrasound market is the inadequate awareness among people regarding PoCUS, high cost of equipment and anon availability of developed medical infrastructure in developing countries.

Nevertheless, use of PoCUS in simple clinical procedures such as venous access, joint injections, is expected to improve adoption rate of point of care ultrasound market in the coming few years.

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Point of Care Ultrasound Market: Regional Outlook

Geographically, North America is expected to hold maximum share in the point of care ultrasound market. This is mainly due to the rising adoption of point-of-care devices in emergency departments. Apart from this, increasing prevalence of chronic, lifestyle diseases and presence of developed medical healthcare infrastructure in the region is expected to propel the global point care ultrasound market in the region

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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