Point-of-care Ultrasound Systems Market by Product and Geography - Forecast and Analysis 2020-2024

The point-of-care ultrasound systems market size has the potential to grow by USD 853.28 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (cart/trolley-based and handheld) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including B. Braun Melsungen AG, Canon Inc., FUJIFILM Corp., General Electric Co., Hitachi Ltd., Hologic Inc., Konica Minolta Inc., Koninklijke Philips NV, Samsung Electronics Co. Ltd., and Siemens Healthineers AG.

Market Overview

Market Competitive Analysis

The market is concentrated with few established players. Market vendors are focused on increasing the number of product launches. Vendors are coming up with handheld smart point-of-care ultrasound systems that provide high image quality and help in sharing images and videos through e-mail or shared networks. Hologic Inc., Konica Minolta Inc., Koninklijke Philips NV, Samsung Electronics Co. Ltd., and Siemens Healthineers AG are some of the major market participants. Although the increase in chronic diseases will offer immense growth opportunities, the high cost of POC ultrasound systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this point-of-care ultrasound systems market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this point-of-care ultrasound systems market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• B. Braun Melsungen AG
• Canon Inc.
• FUJIFILM Corp.
• General Electric Co.
• Hitachi Ltd.
• Hologic Inc.
• Konica Minolta, Inc.
• Koninklijke Philips NV
• Samsung Electronics Co. Ltd.
• Siemens Healthineers AG

Point-of-care Ultrasound Systems Market: Segmentation by Region

APAC was one of the largest point-of-care ultrasound systems market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period.

27% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for point-of-care ultrasound systems in APAC. Market growth in this region will be faster than the growth of the market in South America.

Point-of-care Ultrasound Systems Market: Segmentation by Product

The higher imaging resolution and imaging quality of cart/trolley-based ultrasound systems result in their wide adoption by hospitals, healthcare centers, and diagnostic centers. Market growth in this segment will be faster than the growth of the market in the handheld segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the point-of-care ultrasound systems market size.

Point-of-care Ultrasound Systems Market: Key Drivers and Trends

Point-of-care ultrasound systems industry growth is expected to accelerate at a CAGR of over 6% during the forecast period. The rising number of awareness programs being conducted by point-of-care ultrasound system manufacturers and organizations will influence the growth of this market. There is a growing demand for usability and application of ultrasound devices in emergency situations and remote locations, which is expected to fuel the growth of the global point-of-care ultrasound systems market. Leading point-of-care ultrasound system manufacturers are focusing on educating professionals and individuals about the application of ultrasound through courses and providing support material in the form of guides and online applications.

The competition among vendors has resulted in the launch of products with reduced size and improved image quality. Vendors are focusing on forming partnerships with various hospitals and are showcasing their products at expos. Companies are also coming up with advanced and innovative offerings like POC visualization ultrasound, slim design, and size for better maneuverability, to stay ahead of the competition. The market is expected to witness more product launches during the forecast period, which will further fuel market growth.

Point-of-care Ultrasound Systems Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive point-of-care ultrasound systems market growth during the next five years
• Precise estimation of the point-of-care ultrasound systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the point-of-care ultrasound systems market industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of point-of-care ultrasound systems market vendors