Diagnostic ultrasound, also called sonography or diagnostic medical sonography, is an imaging method that uses sound waves to produce images of structures within the body. The images can provide valuable information for diagnosing and directing treatment for a variety of diseases and conditions. Point-of-care ultrasound refers to the practice of trained medical professionals using ultrasound to diagnose problems wherever a patient is being treated. The increasing prevalence of cardiovascular and chronic diseases attributes to the surging demand for better diagnosis and treatment, thus supporting market growth. Additionally, the increased prevalence of musculoskeletal disorders due to improper nutrition is also a significant factor contributing to the global point of care ultrasound market.
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According to ‘UnivDatos Market Insights (UMI)’ research report “Point-of-Care Ultrasound Device Market Analysis, 2020”, the Point-of-Care Ultrasound Device market is projected to grow at a CAGR of ~9% during 2021-27F.
Based on types the market has been bifurcated into diagnostics and therapeutics. During the forecast, the diagnostics segment is expected to witness significant growth. the rising prevalence of chronic diseases such as nephrolithiasis and cardiovascular diseases is attributed to the significant market share of the diagnostic segments in 2020. For instance, as per CDC, every year, about 805,000 people in the United States have a heart attack. Among them, the 605,000 are a first heart attack 200,000 happen to people who have already had a heart attack.
Based on end-users, the market is segmented into hospitals, clinics, and others. Among these, the hospital segment is predicted to have a major market share in the forecast period. Hospitals complement and amplify the effectiveness of many other parts of the health system, providing continuous availability of services for acute and complex conditions. Furthermore, the increasing number of surgeries in hospitals contributes to the development of the market.
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North America to witness Significant Growth
For a better understanding of the market adoption of the point-of-care ultrasound device industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World. During the forecast period, , North America is expected to have a higher CAGR due to higher investment in the healthcare infrastructure and more acceptability towards the adoption and integration of advanced technology in medical facilities. Furthermore, increased awareness about better health and increasing investments in health insurance contributes to the market in the along with the increasing prevalence of chronic diseases positively drives the medical diagnosis market.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Point-of-Care Ultrasound Device Market Abbott Laboratories, Siemens Healthineers AG, Quidel Corporation, F. Hoffman-La Roche Ltd., Danaher Corporation, Becton Dickinson and Company, Chembio Diagnostics, EKF Diagnostics, Trinity Biotech plc, Instrumentation Laboratory (a Werfen Company). The players are focused on launching new solutions and services, partnerships, and collaborations with major companies expanding their geographical reach to get a competitive edge in the industry.
“Point-of-Care Ultrasound Device Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Point-of-Care Ultrasound Device providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
1. By Portability (Trolley based devices and Handheld devices)
2. By Application (Emergency Medicine, Cardiology, Obstetrics And Gynecology, Musculoskeletal, And Others)
3. By Type (diagnostics and therapeutics)
4. By End Users (Hospitals, Clinics, and Others)
5. By Region (North America, Europe, Asia-Pacific, Rest of the World)
6. By Company (Abbott Laboratories, Siemens Healthineers AG, Quidel Corporation, F. Hoffman-La Roche Ltd., Danaher Corporation, Becton Dickinson and Company, Chembio Diagnostics, EKF Diagnostics, Trinity Biotech plc, Instrumentation Laboratory (a Werfen Company))
Key questions answered in the study:
1. What are the current and future trends of the point-of-care ultrasound device industry?
2. How the industry has been evolving in terms of portability, application, type, and end-users?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the point-of-care ultrasound device industry?
5. What is the customer orientation, purchase behavior, and expectations from the point-of-care ultrasound device firms across various regions?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE POINT-OF-CARE ULTRASOUND DEVICE MARKET
6 POINT-OF-CARE ULTRASOUND DEVICE MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY PORTABILITY
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY TYPE
10 MARKET INSIGHTS BY END-USER
11 MARKET INSIGHTS BY REGION
12 POINT-OF-CARE ULTRASOUND DEVICE MARKET DYNAMICS
13 POINT-OF-CARE ULTRASOUND DEVICE MARKET OPPORTUNITIES
14 POINT-OF-CARE ULTRASOUND DEVICE MARKET TRENDS
15 POLICY AND REGULATORY LANDSCAPE
16 DEMAND AND SUPPLY-SIDE ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
19 DISCLAIMER
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