Global Point-of-Care Ultrasound Device Market – Analysis and Forecast (2018-2024)

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Global Point-of-Care Ultrasound Device Market

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Global Point-of-Care Ultrasound Device Market

The global point-of-care ultrasound device market is anticipated to grow at a CAGR of 5.9% during the forecast period, with the market size anticipated to reach USD 2.9 billion by 2024. The point-of-care ultrasound device is used for the therapeutic and diagnostic point-of-care application. It is simple to operate, ensures nonusage ionizing radiation, and easy to travel in remote areas. It is used for identification of conditions such as a deep vein thrombosis, and pleural fluid, and intrauterine pregnancy.

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Global Point-of-Care Ultrasound Device Market Expanding geriatric population, technological advancements in point-of-care ultrasound devices, and mounting healthcare expenditure is the primary growth drivers for point-of-care ultrasound device market. For instance, according to the World Health Organization (WHO), globally in 2010 approximately 524 million people were aged 65 years and older and is expected to reach 1.5 billion in 2050. The mounting occurrence of chronic diseases, refining healthcare infrastructure in developing countries, and escalating alertness about the advantages of portable ultrasound devices are also facilitating the growth for the point-of-care ultrasound device market. For instance, according to the Centers for Disease Control and Prevention (CDC), approximately 370,000 people die annually due to coronary heart disease in the U.S. It is the most common type of heart disease in the U.S. In addition, according to the World Health Organization (WHO) globally approximately 17.7 million people died from cardiovascular diseases in 2015. Š 2018 VynZ Research All rights reserved


Global Point-of-Care Ultrasound Device Market

Asia-Pacific is observed to witness the fastest growth in the market, due to expanding the geriatric population and mounting healthcare expenditure. In addition, the mounting occurrence of chronic diseases and refining healthcare infrastructure are also creating a positive impact on the point-of-care ultrasound device market growth in the region. In March 2018, Royal Philips partnered with Innovative Imaging Technologies to integrate teleultrasound solution created on Philips’ Lumify portable ultrasound system. Mindray Bio-Medical Electronics Co. Ltd., Siemens AG, Koninklijke Philips N.V., General Electric Company, Canon Medical Systems Corporation, Samsung Electronics Co. Ltd., Esaote S.p.A, Hitachi Ltd., Analogic Corporation, and Fujifilm Holdings Corporation are the key players offering point-of-care ultrasound device. Š 2018 VynZ Research All rights reserved


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