The global point of care ultrasound device market is expected to grow at a CAGR of 6.9% during 2015 – 2025. The growth of the global market is largely driven by increasing awareness about the benefits of portable ultrasound devices in point-of-care. Several beneficial features such as size, weight, performance and battery life of portable ultrasound devices are increasing their popularity among healthcare providers. Healthcare providers and patients are getting aware about these benefits of portable ultrasound devices in point-of-care. This has created huge traction in the diagnostic imaging industry for developing portable ultrasound devices for point-of-care. Different companies are investing huge capital for miniaturization of ultrasound devices for their efficient use in point-of-care. Some of the other factors driving the growth of the global market include prevalence of chronic diseases, and technological advancements. Increasing penetration of PoCUS device manufacturers in emerging economies is expected to create ample growth opportunities for the global market. However, lack of skilled sonographers and stringent regulatory requirements are the key barriers for the growth of the global market.
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Europe accounted for the largest share in the global market in 2015 due to the technological advancements and high compliance for portable ultrasound devices in point-of-care. The U.S., Japan and Germany were the top three market for PoCUS devices in 2015. The U.S. contributed largest revenue to global PoCUS device market. The country is expected to remain the largest market for PoCUS devices globally during the forecast period. The huge capital investments along with the significant development for portable ultrasound devices in point-of-care are the key driving factors of the U.S. PoCUS device market.
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Among the different applications, the largest revenue was generated from the sale of PoCUS devices point-of-care cardiology in 2015. The non-invasive characteristics of PoCUS, high incidence of cardiac diseases, growing geriatric population and increasing demand from home care and ambulatory settings are the key driving factors for the application segment.
Some of the players operating in the global market include Hitachi Ltd., Toshiba Medical Systems Corporation, Siemens AG, Koninklijke Philips N.V., Esaote SpA, General Electric Company, Samsung, Mindray Medical International Limited, FUJIFILM Holdings Corporation, and Analogic Corporation.
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