Press Release

Point-of-care Ultrasound Market 2021 Size & Share | Market worth USD 1639.4 million with 14.3% CAGR by 2027

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.

Major Point-of-care Ultrasound Market Key players covered in the report include:

  • 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

Get Request a Sample Copy of the Point-of-care Ultrasound Report:

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Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for market to figure out and study the market’s needs, market size, and competition.

Point-of-care Ultrasound Market Analysis 2021:

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.

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.

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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
    • North America 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 Country
        • U.S.
        • Canada
      • Europe 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 Country/Sub-Region
          • U.K.
          • Germany
          • France
          • Spain
          • Italy
          • Scandinavia
          • Rest of Europe
        • Asia Pacific 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 Country/Sub-Region
            • Japan
            • China
            • India
            • Indonesia
            • Australia
            • South Korea
            • Taiwan
            • Malaysia
            • Thailand
            • Rest of Asia Pacific

Toc Continue…

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