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Siemens Healthineers Completes Acquisition of Varian

Siemens Healthineers AG has successfully completed the acquisition of Varian Medical Systems Inc. The acquisition was previously announced on August 2, 2020.

American Cancer Society Names Dr. Karen Knudsen as its Next CEO

Karen E. Knudsen, MBA, Ph.D., will be the next chief executive officer of the American Cancer Society (ACS) and its advocacy affiliate, the American Cancer Society Cancer Action Network (ACS CAN), starting June 1, 2021.

ACR Launches National Clinical Imaging Research Registry

The six current and eight planned ANCIRR registries can collect and curate images and diverse clinical data from multiple practice settings to produce large data sets that enable researchers to address complex scientific questions and produce results applicable across various care settings, geographic locations and multiple populations.

Philips Showcases Tele-Ultrasound at AIUM Virtual Event

Royal Philips announced its participation in the upcoming Annual Integrative Ultrasound Meeting (AIUM) virtual event, April 11-14, hosted by the American Institute of Ultrasound in Medicine.

POCUS Market to Reach New Highs

The global point-of-care ultrasound systems (POCUS) market size was valued at $721.4 million in 2018 and is projected to expand at a compound annual growth rate (CAGR) of 5.7% by 2026, according to Grand View Research (GVR).

Rapid technological advancements in health care services and increasing number of patient admissions in emergency care are some of the major factors driving the demand for point of care ultrasound devices, GVR reports. This change has led to the adoption of speedy and accurate diagnostics technology in emergency department (ED), especially in the case of “point-of-care devices” to reduce the delay between the onset of symptoms and decision on a definitive therapy to reduce mortality and morbidity in critically ill patients.

The global point-of-care ultrasound devices market size was $2.09 billion in 2019, and it is predicted to progress at a CAGR of 7.4% during the forecast period (2020–2030), according to Prescient & Strategic Intelligence.

The growth is contributed to rising health care expenditure, surging geriatric population, developing health care infrastructure and the increasing prevalence of chronic diseases. For instance, in the U.S., according to the Centers for Disease Control and Prevention (CDC), six in 10 people have at least one chronic disease, such as a cardiovascular disease (CVD), stroke, cancer or diabetes.

The ongoing COVID-19 pandemic across the world is expected to have a tremendous impact on different spectra of society, the point-of-care ultrasound devices market being no less, according to according to Prescient & Strategic Intelligence. The production of POCUS devices and related goods has been impacted negatively due to COVID-19 and imposition of lockdowns, which have resulted in a reduced workforce, constraints in producing goods with proper sanitization, surge in the unemployment rate and affected import and export services.

Globally, the Asia-Pacific region is expected to advance at the highest CAGR during the forecast period in the point-of-care ultrasound devices market. Some of the factors leading to the market growth include the improving health care infrastructure, increasing need for point-of-care diagnosis and treatment, and growing prevalence of chronic and lifestyle-related diseases. In addition, POCUS devices are increasingly being used for the scanning of osteoarthritis in the aging population, as there is a high risk of this disease in the elderly.

Global Market Insights Inc. also forecasts POCUS growth in globally and in the Asia-Pacific region. Global Market Insights reports that the global market is set to surpass $3 billion by 2025.

The Asia-Pacific point of care ultrasound market was valued at $625 million in 2018 and is expected to boost exponentially over the forecast period, according to Global Market Insights Inc. A growing need for point-of-care in emergency departments and rising prevalence of chronic diseases in this region will boost the regional growth. Increasing health expenditure in China and Japan will prove beneficial for POC ultrasound devices market growth. Moreover, increasing demand for point-of-care ultrasound in Japan coupled with technological advancements in POCUS is expected to foster business growth over the coming years.

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