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Point-of-care Ultrasound Market to Reach USD 1,639.4 Million by 2026; Increasing Need for Medical Imaging in Outpatient Care Settings to Augment Growth, states Fortune Business Insights™

February 26th, 2021 Fortune Business Insights Releases

The global “Point-of-care ultrasound market” size is expected to rise from USD 736.4 million in 2020 to USD 1,639.4 million in 2026 at a CAGR of 14.3%. The launch of advanced products coupled with a high need for medical imaging in outpatient care settings will foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Point-of-care Ultrasound Market Size, Share & Industry Analysis, By Product (Cart-based, and Hand-held), By End User (Hospitals, Clinics, and Others), and Regional Forecast, 2020-2026.” The market size stood at USD 693.1 million in 2019 and exhibited a slower growth of 6.2% in 2020, owing to the impact of COVID-19.

The coronavirus incident has caused enormous losses to various industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

Request a Sample Copy of the Research Report : https://www.fortunebusinessinsights.com/enquiry/sample/point-of-care-ultrasound-market-103343

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit : https://www.fortunebusinessinsights.com/point-of-care-ultrasound-market-103343

The point-of-care ultrasound market report incorporates wide-ranging evaluation of the market. It also offers valuable insights into the segments. Latest trends and important drivers are all covered in the report. The study reveals dominant regions holding maximum share in the market. It also provides vital development and accomplishment of major companies across regions. Besides, the report also includes information about COVID-19 impact.

Market Driver:

Surging Demand for Outpatient Care to Incite Business Development

The shift from inpatient care to outpatient care is expected to have an outstanding impact on the global market during the forecast period. The higher adoption of point-of-care ultrasound systems will enable speedy expansion of the market. Furthermore, the introduction of new treatment methods and technological developments in medical equipment will foster the market’s healthy growth. The new government initiatives and patient preference will simultaneously improve the prospects of the industry in the foreseeable future. The gradual shift for outpatient care settings in retail clinics, urgent care centers, and ambulatory surgical centers will create lucrative opportunities for the market. However, lack of awareness about the highly advanced point of care ultrasound systems is expected to restrain the market’s growth.

Nationwide Lockdown to Negatively Impact Business Amid Coronavirus

The medical devices industry has witnessed a drastic drop owing to the implementation of lockdown in many nations. Moreover, the lack of emergency care has significantly reduced the usage of imaging systems. Likewise, the postponement of non-essential or elective medical procedures has consequently dampened the demand for point-of-care. However, the utilization of imaging systems in the diagnoses of COVID-19 can aid the revival of the market in the coming days. Also, the surging cases of coronavirus will spur demand for such imaging systems, boosting the market’s growth.

Quick Buy- Point-of-care Ultrasound Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/103343

Competitive Landscape:

R&D Activities by Eminent Companies to Stimulate Business Proceedings

The renowned companies are focused on R&D activities for the launch of technologically advanced. For instance, in June 2020, Koninklijke Philips N.V. announced the commercial launch of Lumify in Japan, a point-of-care ultrasound system. Furthermore, some of the emerging companies in the global market are based in China, such as Shenzhen Mindray Bio-Medical Electronics Co., Ltd, and EDAN Instruments. These companies are adopting strategies to expand their presence in the industry during the forecast period.

Regional Analysis:

Increasing Healthcare Expenditure to Propel Market in Asia Pacific

The market in Asia Pacific is expected to experience a rapid growth rate during the forecast period owing to the rising demand for outpatient care, especially in rural areas. The increasing healthcare expenditure and systems will contribute positively to the Asia Pacific market’s growth. The Middle East & Africa and Latin America are expected to account for a significant share owing to the increasing demand for medical imaging in outpatient healthcare settings.

Key Development:

July 2020: FUJIFILM Sonosite, Inc., the innovator and world leader in bedside and point-of-care ultrasound, announced its latest point-of-care ultrasound product, the new Sonosite PX ultrasound system.

The Report Lists the Key Players in the Point-of-care Ultrasound Market:

  • GE Healthcare (Chicago, U.S.)
  • Koninklijke Philips N.V. (Amsterdam, The Netherlands)
  • FUJIFILM Sonosite, Inc. (Bothell, U.S.)
  • ALPINION MEDICAL SYSTEMS Co., Ltd. (Seoul, South Korea)
  • Hitachi Ltd. (Tokyo, Japan)
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Shenzhen, China)
  • EDAN Instruments (Shenzhen, China)
  • Terason Corporation (Burlington, U.S.)
  • CHISON Medical Technologies (Jiangsu, China)
  • Healcerion (Seoul, South Korea)
  • Butterfly Network, Inc. (Guilford, U.S.)
  • Bard Access Systems Inc. (Becton, Dickinson, and Company) (Salt Lake City, U.S.)
  • Teknova Medical Systems Co., Ltd. (Beijing, China)
  • Advanced Instrumentations (Miami, Florida)
  • DRE Medical (Kentucky, U.S.)
  • DRAMIŃSKI S. A. (Olsztyn, Poland)
  • Landwind Medical (Shenzhen, China)
  • Shenzhen AnaSonic Bio-Medical Technology Co., Ltd. (University Town of Shenzhen, China)
  • Other Players

Have Any Query? Ask Our Experts : https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/point-of-care-ultrasound-market-103343

Table of Content:

Introduction

  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions

Executive Summary

Market Dynamics

  • Market Drivers
  • Market Restraints
  • Market Opportunities

Key Insights

  • Value Chain
  • Key Mergers, Acquisitions, Partnerships, etc.
  • Covid-19 Impact on the Market

Global Point-of-Care Ultrasound System Market Analysis, Insights and Forecast, 2015-2026

  • Key Findings / Summary
  • Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Product
  • Cart-based
  • Hand-held
  • Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By End User
  • Hospitals
  • Clinics
  • Others
  • Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Related Reports:

Cardiometabolic Disease Market Emerging Technologies, Key Players Analysis and Industry Expansion Strategies 2026

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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