The “Point-of-Care Ultrasound Device Market Research Report: By Type, Portability, Application – Global Industry Revenue Estimation and Demand Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The report states that the global point-of-care ultrasound devices market revenue is predicted to increase to $4.5 million by 2030 from $2.1 million in 2020, at a 7.9% CAGR between 2021 and 2030.
The COVID-19 impact on the point-of-care ultrasound devices market has been negative due to the closure of manufacturing facilities. Moreover, almost all the health care resources were diverted to the fight against the pandemic, which is why most diagnostic imaging facilities were shut down, except for COVID patients.
The diagnostic bifurcation held the larger share in the POCUS devices market, on the basis of type, in the past. Such devices are being increasingly utilized for evaluating left ventricular systolic function and diagnosing severe mitral regurgitation, pericardial effusion, pleural effusion, pulmonary edema, and pneumothorax.
In the coming years, the portability segment of the point-of-care ultrasound devices market will be dominated by the trolley/cart-based bifurcation. These devices find widespread usage in hospitals as they can be easily taken from one place to another, such as between radiology departments and emergency rooms (ER).
The highest CAGR in the POCUS devices market, under the application segment, will likely be seen in the emergency medicine category. As shifting the patient from the ER to the ultrasound ward can result in loss of valuable time, portable ultrasound devices are being used at the bedside to obtain immediate clinical information, increase efficiency, improve patient safety and decrease the risk of complications.
Europe has generated the highest revenue in the point-of-care ultrasound devices market till now because of the increasing chronic disease incidence, health care expenditure, and geriatric population and rapid technological advancements in radiology. The UN says that the region’s geriatric population will increase from 140.4 million in 2019 to 199.9 million by 2050, thus driving the volume of ultrasound procedures.
The Asia-Pacific (APAC) will be the fastest-growing POCUS devices market in the years to come owing to the rising demand for point-of-care treatment and diagnosis, increasing health care expenditure, and surging cases of lifestyle-associated and chronic diseases. Moreover, the aging population in Asia is set to reach 954.6 million by 2050 from 395.3 million in 2019, says the UN.
Fortune Business Insights also predicts market growth.
The global point of care ultrasound market is expected to eclipse 14% CAGR from 2020 to 2026, according to Fortune Business Insights.
