The global point of care ultrasound systems market size was valued at USD 721.4 billion in 2021 and is poised to grow at a significant CAGR of 5.7% during the forecast period 2022-28. PoCUS devices stand for point-of-care ultrasounds. It refers to the use of portable ultrasonography for diagnostic and therapeutic reasons at a patient's bedside. POCUS aids medical practitioners in providing accurate and non-invasive therapy to their patients, obviating the requirement for a Radiology department.
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Rapid technology improvements in healthcare and an increase in the number of emergency room patient admissions are two significant factors driving demand for point-of-care ultrasound systems. This shift has resulted in the adoption of quick and accurate diagnostics technology in the emergency department (ED), particularly in the case of "Point of Care Devices" to shorten the time between the onset of symptoms and the decision on a definitive therapy, lowering mortality and morbidity in critically ill patients. Over the projected period, the market is expected to rise due to the introduction of revolutionary technology and an increase in the number of patients visiting the ED with different health concerns such as acute stomach pain, urological problems, and chest discomfort. The versatility of point-of-care ultrasounds as a therapeutic and diagnostic tool is predicted to drive up demand for these devices in both developed and developing countries. Undifferentiated shock, cardiac arrest resuscitation, abdominal/thoracic trauma, pulmonary embolism, pericardial effusion, dyspnea, and abdominal pain are some of the conditions that PoCUS can help with.
The global point of care ultrasound systems market segmentation:
1) By Type: Therapeutic Device, Diagnostics Device.
2) By Mobility: Handheld, Trolley.
3) By Application: Cardiology, Vascular urology, Emergency medicine, Obstetrics gynecology.
North America dominated the global in 2018 as a result of efficient reimbursement regulations and growing acceptance of modern technology, as well as a well-developed healthcare infrastructure. Major market companies are well-represented in the region, as are organisations like the American College of Cardiology and the American Society of Echocardiology, which are participating in PoCUS teaching and training programmes. Due to enormous unmet demands with improving the healthcare facilities and growing reimbursement policies, Asia Pacific is expected to grow at a considerable CAGR over the forecast period, particularly in countries like India and China. In addition, rising healthcare costs in China and Japan are likely to stimulate demand for PoCUS devices.
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There are several industry players working in the Point Of Care Ultrasound Systems Market, which include Mindray Bio-Medical Electronics Co. Ltd, Analogic Corporation, General Electric Company, Siemens AG, Fujifilm Holdings Corporation, Samsung Electronics Co. Ltd., Koninklijke Philips N.V, Canon Medical Systems Corporation
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