The increase in the number of patient admissions in emergency care across the globe is one of the major factors driving the growth of the 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 the rise in prevalence for cardiovascular disorders and chronic diseases among the population is accelerating 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 reports that the global point-of-care ultrasound systems (POCUS) market was $629.81 million in 2022 and is expected to exceed $1 billion by 2030. It is expected to undergo a CAGR of 6.5% during the forecast period 2023-2030.
Diagnostic devices dominate the product segment of the global point-of-care ultrasound systems 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 expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
According to Fortune Business Insights, the global point of care ultrasound market size was valued at $1.05 billion in 2022 and is projected to grow from $1.18 billion in 2023 to $10.62 billion by 2030, exhibiting a CAGR of 14.3% during the forecast period.
Point-of-care ultrasound is used for diagnostic imaging, and real-time imaging-guided interventions during surgical procedures, and more. There has been a transition towards outpatient care from inpatient care. A strong need for R&D activities by market companies to introduce superior products is set to drive market growth. Fortune Business Insights shares this information in its report titled “Point-of-Care Ultrasound Market, 2023-2030.”
Fortune Business Insights reports that the rising prevalence of chronic diseases is a major driver of the POCUS market growth. The increasing demand for POCUS in emergency settings is also expected to boost market growth.
The technological advancements in POCUS devices, such as the development of handheld and portable devices, are expected to create new opportunities for market growth.
The high cost of POCUS devices is a major challenge for market growth.
The global point-of-care ultrasound market is expected to reach $5.9 billion by 2030, according to Strategic Market Research.
High costs associated with the products, unfavorable reimbursement policies in developing and under-developed economies, stringent regulatory policies, and lack of skilled professionals in emerging countries are some factors restraining the market’s growth.
