NEWARK, NEWCASTLE, USA, June 18, 2023 (Globe Newswire) — The Growth Plus report has estimated the size of the global market. point-of-care ultrasound like it’s worth in 2022 US$811.55 million A significant increase in revenue is expected CAGR 5.4% to reach US$1.302 billion by 2031.
An analysis of the global market for point-of-care ultrasound market shows that the revenue share is likely to increase significantly during the forecast period. Point-of-care ultrasound contrasts with conventional ultrasound, which is usually done in radiology. Ultrasound refers to the use of a portable handheld ultrasound device by a medical professional at the bedside or point of care.
Important points:
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The US Centers for Disease Control and Prevention (CDC) estimates that 31.8% of emergency room (ER) visits in 2021 complained of abdominal pain.
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Ultrasound is used for the detection and treatment of disease as well as for ultrasound-guided surgery.
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Demand for point-of-care devices for effective treatments is driving overall market revenue.
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Scope of the Point-of-Care Ultrasound Market
report attribute |
detail |
Market size value in 2022 |
US$811.55 million |
Revenue forecast for 2031 |
US$1.302 billion |
CAGR |
5.4% |
estimated base year |
2022 |
Forecast period |
From 2023 to 2031 |
historic year |
2021 |
Target segment |
Type, Mobility Type, Application, End User, and Region |
Region range |
North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Recent Developments in Point-of-Care Ultrasound Market:
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In March 2022, Exo, a leading medical device and data provider, will introduce Exo WorksTM, a smart and user-friendly point-of-care ultrasound workflow system that enables physicians to document, evaluate, bill and manage quality assurance. bottom. single platform.
competitive environment
The list of prominent companies operating in the global point-of-care ultrasound market includes:
Market drivers and constraints:
Global point-of-care ultrasound market revenue is driven by prevalent chronic diseases and related emergencies, and their point-of-care diagnosis and treatment. Growing demand for bedside diagnostics using portable devices is driving the revenue growth of the overall market.
However, stringent regulations and alternative diagnostic options are expected to restrain the revenue growth of the point-of-care ultrasound market.
Market segmentation:
Segmentation by type
Based on type, the diagnostic segment accounts for the largest revenue share in the global point-of-care ultrasound market. This large revenue share is because ultrasound uses low-power sound waves, is affordable, and has no significant hazards associated with its use. New high-precision techniques that enable early and rapid diagnosis are desired.
Segmentation by type of mobility
Based on mobility type, the handheld device segment accounts for the largest revenue share in the global point-of-care ultrasound market. A sizable revenue share comes from manufacturers, who are driving down the prices of these devices as demand from primary care physicians increases.
Segmentation by application
On an application basis, the emergency medical segment accounts for the highest revenue share of the global point-of-care ultrasound market, owing to the increasing use of high-precision diagnostic equipment in emergency rooms.
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Segmentation by end user
By end-user base, the hospitals and clinics sector accounts for the highest revenue share of the global point-of-care ultrasound market. Increased emergency hospital admissions are driving a surge in demand for point-of-care systems, including devices. Additionally, the versatility of point-of-care ultrasound as a therapeutic, diagnostic, and guiding tool for a wide range of procedures and conditions is driving its use in hospitals, increasing its revenue share of the market.
Regional growth dynamics
By region, North America dominates the global point-of-care ultrasound market with the largest revenue share. This large revenue share has been attributed to the prevalence of chronic diseases, technological advances, established market players, and well-developed medical infrastructure in the region, all of which have contributed to government and industry commitments to research and development of ultrasound systems. Contribute to a large amount of investment.
Report coverage
Growth Plus Reports has conducted an extensive study of the global point-of-care ultrasound market. Basic market characteristics, key investment areas, regional growth analysis, revenue forecasts, competitive market participants, mergers and acquisitions have been considered.
table of contents
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prologue
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market ecosystem
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timeline under consideration
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Historic year – 2021
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Base Year – 2022
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Forecast Year – 2023 to 2031
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Currency used in reports
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research method
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research approach
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Data collection method
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data source
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secondary source
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primary source
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Market estimation approach
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bottom up
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top down
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Market forecast model
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Limitations and Assumptions
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Premium Insight
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Current market trends (from the perspective of COVID-19)
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Key players and competitive positioning (2022)
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regulatory landscape
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market dynamics
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driver
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Constraints/Challenges
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chance
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Global Point-of-Care Ultrasound Market – Analysis and Forecast by Type
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diagnose
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therapeutic
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Global Point-of-Care Ultrasound Market – Analysis and Forecast by Mobility Type
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cart base
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handheld
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Global Point-of-Care Ultrasound Market – Analysis and Forecast by Application
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emergency medicine
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cardiology
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gynecology and obstetrics
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Vascular surgery
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others
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Global Point-of-Care Ultrasound Market – Analysis and Forecast by End User
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hospitals and clinics
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maternity center
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Ambulatory Surgery Center (ASC)
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others
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Point-of-Care Ultrasound Market TOC
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Value proposition related to the report:
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Take advantage of free analyst time and expert interviews for each report
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Comprehensive quantitative and qualitative insights at segment and subsegment level
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Trends and prospects for the impact of COVID-19
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Detailed insights at global/regional/country level
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Deep insight into market dynamics (drivers, constraints, opportunities) and business environment
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Comprehensive coverage of the competitive landscape
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Prerequisites for victory
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Thorough coverage of the “strategic developments” registered by the major players in the market.
Customization options:
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Distributor landscape assessment
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price intelligence
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Customer base evaluation
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Analysis of investments and initiatives
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“Business Profile” of major companies
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