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Point of Care Ultrasound (POCUS) Market Size - By Type (Diagnostic Devices, Therapeutic Devices), By Portability (Trolley Based Devices, Handheld Devices), By Application (Emergency Medicine, Cardiology, Obstetrics & Gynecology, Urology, Vascular Surgery, Musculoskeletal), By End-use– Global Forecast (2023-2032)

  • Report ID: GMI3325
  • Published Date: Jul 2023
  • Report Format: PDF

Point of Care Ultrasound (POCUS) Market Size

Point of Care Ultrasound Market size was worth USD 3.5 billion in 2022 and is poised to witness significant growth at 6.9% CAGR up to 2032, driven by the growing number of pregnancies.
 

Point of Care Ultrasound Market

Rising birth rate throughout the world, particularly in underdeveloped nations, is increasing the adoption of portable ultrasound equipment. According to the UNICEF, India records nearly one fifth of the global annual child births, marking 25 million per year. When used extensively during pregnancy, POC ultrasonography precisely and rapidly reveals the fetus's health condition by detecting its heartbeat and any free fluid. Increasing adoption by most OB/GYN practitioners to provide quick solutions in cases where the mother or baby's life is in danger.

 

Irregular reimbursement regulations in point-of-care ultrasound imaging may stymie the market expansion to some extent. Several hospitals and clinics in this industry decline claims, particularly for pricey treatments for a variety of conditions. In many circumstances, the use of POCUS is deemed exploratory and is not a covered procedure. Furthermore, medical invoices containing plenty of information need many levels of verification and tedious documentation, and if erroneous, the claim may take longer to resolve.
 

COVID-19 Impact

The COVID-19 pandemic positively influenced the  point of care ultrasound market revenue. During the outbreak, the use of point-of-care ultrasonography for patient treatment witnessed high demand to conduct clinical tests, since it is a proven technology for diagnosing various lung and cardiovascular disorders in real-time. As industry players increasingly established POCUS emergency solutions, this produced favorable environment for economic development. For instance, in March 2021, GE Healthcare, launched its second POCUS in a month, with a new AI-coupled device geared to assist frontline healthcare professionals dealing with COVID-19.
 

Point of Care Ultrasound Market Trends

The ongoing R&D activities in the medical sector along with technical developments in ultrasound systems will augment the industry outlook.  To cite an instance, recent research published in the African Journal of Emergency Medicine in 2023, recommends employing point-of-care ultrasonography to detect patients with low oxygen levels in resource-limited emergency settings. Furthermore, the rising demand for mobile POCUS devices or systems to improve patient outcomes and operational efficiency coupled with the continued efforts by prominent industry players to enhance and improve the performance of diagnostic ultrasound devices.
 

Point of Care Ultrasound (POCUS) Market Analysis

Point of Care Ultrasound (POCUS) Market Size, By Type, 2021 - 2032 (USD Billion)

The diagnostics devices segment in the point of care ultrasound market is projected to generate over USD 4 billion by 2032. The growing frequency of chronic illnesses has increased the demand for ultrasonic imaging for the diagnosis of diseases owing to its cost-effectiveness compared to other medical imaging technologies. Additionally, several industry leaders are launching initiatives to offer ultrasound services. For instance, in September 2022, the Philips Foundation and RAD-AID International signed a multi-year cross-continental collaboration to provide ultrasound services to 50 million patients in low- and middle-income nations.
 

 Point of Care Ultrasound (POCUS) Market Share, By Portability, 2022

Trolley-based point of care ultrasound market is estimated to record 6.2% CAGR till 2032 driven by the increasing adoption of trolley-based devices in emergency care rooms. The rising advancements in technology have made way for more compact and portable trolley-based ultrasound systems to offer enhanced accessibility and usability in various healthcare settings. Furthermore, the growing awareness among healthcare professionals about the benefits of point-of-care ultrasound is promoting early diagnosis and intervention.
 

Point of care ultrasound market from the urology segment accounted for over USD 414 million in 2022 driven by the increasing product demand in urology clinics and emergency rooms due to the rising prevalence of urological disorders, including kidney stones, urinary tract infections, and prostate abnormalities. Urologists increasingly rely on ultrasound for non-invasive and real-time imaging of the urinary tract and reproductive organs.  Technological advancements in the field of urology POC ultrasound has resulted in the availability of more efficient devices.
 

U.S. Point of Care Ultrasound (POCUS) Market Size, 2020 -2032 (USD Million)

North America point of care ultrasound market held 33.6% share in 2022 and is estimated to be worth USD 2.3 billion by 2032. The high patient population suffering from chronic illnesses is responsible for this significant regional market share. According to the National Association of Chronic Disease Directors' 2022 report, approximately 60% of adult Americans suffer from at least one chronic condition.  Furthermore, the strong presence of important industrial players together with the rising usage of new technologies.
 

Point of Care (POCUS) Ultrasound Market Share

The competitive landscape of the point of care ultrasound market includes leading companies such as:

  • GE Healthcare,
  • B. Braun SE,
  • Samsung MEDISON (SAMSUNG Healthcare)
  •  Esaote SpA
  •  Canon Medical Systems
  •  Fujifilm
  • Shenzhen Mindray Bio- Medical Electronics
  •  Siemens Healthineers
  •  Koninkijke Philips N.V., and FUKUDA DENSHI.
     

Point of Care Ultrasound (POCUS) Market News

  • In September 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.
     

Point of Care Ultrasound market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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By Type (USD Million & Units)

  •  Diagnostic devices
  • Therapeutic devices

By Portability (USD Million)

  • Trolley based devices
  • Handheld devices

By Application (USD Million)

  • Emergency medicine
  • Cardiology
  • Obstetrics & gynecology
  • Urology
  • Vascular surgery
  • Musculoskeletal
  • Others

By End-use (USD Million)

  • Hospitals
  • Clinics
  • Maternity centers
  • Ambulatory surgical centers (ASCs)
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Switzerland
    • The Netherlands
    • Denmark
    • Poland
    • Sweden
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • New Zealand
    • Thailand
    • Vietnam
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Turkey

 

Authors: Mariam Faizullabhoy , Pratiksha Kamthe

Frequently Asked Questions (FAQ) :

Global market size for point of care ultrasound was USD 3.5 billion in 2022 and is estimated to grow at 6.9% CAGR up to 2032 owing to the increasing birth rates globally.

Trolley-based point of care ultrasound industry is poised to witness 6.2% CAGR by 2032 owing to rising usage in emergency care rooms attributed to their ease of usage and built-in advanced features of these devices.

North America accounted for 33.6% revenue share of the market in 2022 and is poised to amass USD 2.3 billion by 2032 driven by the increasing prevalence of chronic diseases and the presence of top industrial players across the region.

Some of the major industry players are GE Healthcare, B. Braun SE, Samsung MEDISON (SAMSUNG Healthcare), Esaote SpA, Canon Medical Systems, Fujifilm, Shenzhen Mindray Bio- Medical Electronics, Siemens Healthineers, Koninkijke Philips N.V., and FUKUDA DENSHI.

Point of Care Ultrasound Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 385
  • Countries covered: 30
  • Pages: 245
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