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Point of Care Ultrasound Market Size By Type (Diagnostic, Therapeutic), By Portability (Trolley Based Devices, Handheld Devices), By Application (Emergency Medicine, Cardiology, Obstetrics & Gynecology, Urology, Vascular Surgery, Musculoskeletal), By End-use (Hospitals, Clinics, Maternity Centers, Ambulatory Surgical Centers (ASCs)), Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI3325
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Overview

Point of Care Ultrasound Market size was valued at over USD 3 billion in 2021. Driven by the soaring demand for point of care ultrasound technology in developed nations, the industry is slated to grow at more than 6.5% CAGR from 2022 to 2030.
 

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The rising number of births around the world is fostering the POCUS market growth as it aids in detecting fetal heart rate and health status with the use of free fluid during pregnancy checkups. Additionally, continuous innovations for better detection of a baby’s position in the womb are anticipated to provide lucrative opportunities to the market.
 

Technological innovations and advancements in point-of-care ultrasound systems in developed economies are driving point of care ultrasound market statistics. An upsurge in demand for mobile point-of-care ultrasound devices or systems to improve patient outcomes and operational efficiency is positively spurring R&D initiatives in the field. For instance, in August 2022, Mindray redefined the possibilities of point-of-care ultrasound (POCUS) with the debut of the newest edition of the TE Series Ultrasound, the TE X, which offers clinicians access to AI-powered Smart Tools.
 

Lengthy reimbursement procedures may restrain industry progression

Irregular reimbursement policies are restraining market growth. As several hospitals and clinics operating in this sector deny claims, particularly on expensive treatments, the use of point of care ultrasound is limited. Furthermore, medical bills are scrutinized at various levels, involve tedious paperwork, and if they are incorrect, the claim settlement can take longer. Nonetheless, government initiatives to enhance healthcare services and provide access to efficient treatment procedures are likely to help manufacturers combat this restraint.
 

Increasing demand for bedside examination to push therapeutic segment growth

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In terms of type, the point of care ultrasound market is categorized into diagnostic and therapeutic. The therapeutic segment is foreseen to expand at more than 8% CAGR over 2022-2030. Therapeutic POC ultrasound devices are widely adopted in ambulatory surgery centers, homecare settings, clinics, and hospitals for numerous procedures as they employ non-invasive techniques. Additionally, the growing demand for therapeutic devices for bedside examination of patients’ health for relevant clinical information is set to elevate segment demand.
 

Multiple benefits in emergency rooms to help trolley-based devices gain traction

With respect to portability, the point of care ultrasound market is divided into trolley-based devices and handheld devices. The easy transferability of trolley-based devices from one room to another without interruption in patient care has increased their utilization in emergency care rooms. Driven by the ease of usage and built-in advanced features, the trolley-based devices segment, which accounted for over USD 2.1 billion in revenue in 2021, is projected to showcase massive growth in the forthcoming period.
 

Effective patient management and treatment to supplement ASCs segment expansion

Based on end-use, the point of care ultrasound market is classified into hospitals, clinics, maternity centers, ambulatory surgical centers (ASCs), and others. As per the report, the ambulatory surgical centers segment is poised to grow at more than 7% CAGR over the next 8 years on account of the mounting inclination of patients toward ambulatory centers for efficient patient management and treatment. These centers provide quality care, minimum risk of hospital-acquired infections (HAIs), shorter hospital stays, and cost-effective treatment, among other benefits, which is foreseen to bolster segment uptake.
 

High accuracy rate in cardiology to define the industry landscape

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In terms of application, the point of care ultrasound market is segregated into musculoskeletal, emergency medicine, cardiology, vascular surgery, urology, obstetrics & gynecology, and others. The cardiology segment is primed to progress at over 6.5% CAGR from 2022-2030, the report claims. The segment growth is attributable to the significant rise in cardiology cases. Cardiac POC ultrasound offers accurate hemodynamic profiling with quick bedside cardiac examination, simplifying the diagnostic procedure and effectively directing patient care for better healthcare outcomes.
 

Surging prevalence of chronic diseases to aid North America industry progression

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North America point of care ultrasound market held a 33.5% industry share in 2021. The region is expected to grow enormously as a result of the large patient population suffering from chronic diseases. As per the CDC, approximately 6 in 10 adults in the U.S. suffer from chronic disease, which is the leading cause of disabilities and mortality.
 

Prominent R&D initiatives to favor the point of care ultrasound industry outlook

Shenzhen Mindray Bio-Medical Electronics, Esaote SpA, Canon Medical Systems, Samsung MEDISON (SAMSUNG Healthcare), Fujifilm, GE Healthcare, B. Braun SE, Koninklijke Philips N.V., Siemens Healthineers, and FUKUDA DENSHI are some of the key players in the point of care ultrasound market. These firms majorly engage in rigorous R&D initiatives and strategic collaborations with private and public healthcare facilities to maintain their market stance.
 

Impact of COVID-19 on the point of care ultrasound market trends

During the COVID-19 pandemic, the POCUS market witnessed a moderately positive impact. As the patient volume increased drastically in the emergency departments, the need for radiological services also surged. Point-of-care ultrasound facilitates the delivery of real-time information, encouraging various pathologies to integrate it for patient care with lung illnesses. Moreover, continuous advancements in the field in the post-pandemic scenario have augmented the utilization of POCUS across the globe.
 

The point of care ultrasound market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2030 for the following segments:

By Type

  • Diagnostic
  • Therapeutic

By Portability

  • Trolley based devices
  • Handheld devices

By Application

  • Emergency Medicine
  • Cardiology
  • Obstetrics & Gynecology
  • Urology
  • Vascular Surgery
  • Musculoskeletal
  • Others

By End-use

  • 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
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia

 

Authors: Rupali Swain, Subodh Kharad

Frequently Asked Questions (FAQ) :

Global market for Point of Care Ultrasound valuation was recorded at over USD 3 billion in 2021 and is set to progress at more than 6.5% CAGR over the next 8 years owing to technological advancements and soaring demand for point of care ultrasound technology in developed economies.
The cardiology application segment is anticipated to progress at over 6.5% CAGR from 2022-2030 due to the ability of POCUS to offer accurate hemodynamic profiling with quick bedside cardiac examination.
The therapeutic segment is poised to expand at more than 8% CAGR over 2022-2030 as a result of widespread adoption in ambulatory surgery centers, hospitals, and clinics as they employ non-invasive techniques.
Point of care ultrasound industry in North America held a 33.5% industry share in 2021 owing to the large patient population suffering from chronic diseases in the region.

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  • Base Year: 2021
  • Companies covered: 11
  • Tables & Figures: 250
  • Countries covered: 17
  • Pages: 166
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