The global point of care ultrasound systems market is projected to reach USD 7.36 billion by 2030, registering a compound annual growth rate (CAGR) of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is primarily driven by the increasing number of emergency visits to hospitals with undifferentiated signs and symptoms. Point of care ultrasound systems are becoming increasingly valuable in such settings due to their ability to quickly and effectively assess critical conditions, allowing for timely diagnosis and treatment.
Point of care ultrasound devices are versatile, serving as therapeutic devices, diagnostic devices, and even guiding tools for medical procedures. These devices are widely used in various medical fields such as cardiology, musculoskeletal disorders, vascular surgery, and urology. The popularity of ultrasound devices in these point of care settings is rapidly growing due to several advantages, including low cost, broad application scope, and safety when compared to other imaging alternatives, such as X-rays or CT scans. This trend is expected to foster substantial growth in the market. Additionally, the integration of advanced technologies in ultrasound systems, which provide clearer images and more accurate diagnoses, is expected to significantly enhance the adoption of point of care ultrasound systems across multiple healthcare facilities.
In response to the growing demand, major market players are continuously introducing innovative technologies with integrated features to maintain their competitive edge and expand their market share. Moreover, the establishment of echocardiology societies and the development of government and non-government programs aimed at supporting the training, education, and research of point of care ultrasound systems are also expected to play a pivotal role in driving market growth throughout the forecast period.
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Point of Care Ultrasound Systems Market Report Highlights:
• Trolley-Based Devices: The trolley-based ultrasound devices accounted for the largest market share in 2023. These devices are typically used in clinical settings and provide stable and high-quality imaging. They are popular in hospitals and emergency departments where quick, reliable assessments are necessary.
• Handheld Devices: On the other hand, handheld ultrasound devices are expected to grow at the fastest rate over the forecast period. These compact, portable devices offer significant convenience and ease of use, making them highly suitable for point of care applications, particularly in settings like emergency medicine, primary care, and rural or remote areas. The development of more affordable and efficient handheld devices is anticipated to further fuel their growth in the market.
• Emergency Medicine: Based on application, the emergency medicine segment held the largest market share in 2023 and is expected to continue growing at a lucrative CAGR throughout the forecast period. Ultrasound devices are increasingly being used in emergency settings to rapidly assess and diagnose patients with acute injuries, trauma, and other urgent conditions.
• Hospital Segment: The hospital segment also dominated the market in 2023. The growing need for bedside ultrasound monitoring in hospitals is driving the demand for point of care ultrasound systems in these settings. Hospitals are increasingly adopting these devices for their ability to provide quick, non-invasive diagnostics, especially in critical care and emergency departments.
• North America: North America dominated the market in 2023, and this trend is expected to continue. The region's leadership can be attributed to several factors, including the presence of major market players and suppliers developing advanced technologies. Additionally, reimbursement policies in countries like the U.S. help offset costs, making ultrasound devices more accessible in healthcare facilities.
• Technological Advancements: Major players in the industry are focusing on the launch of advanced technologies by improving key parameters such as ultrasound integration with mobile devices, tele-ultrasound capabilities, and the development of AI-driven software for enhanced diagnostic accuracy. These innovations are expected to play a significant role in transforming the point of care ultrasound landscape, allowing for more efficient diagnosis and broader access to ultrasound technology.
Point of Care Ultrasound Systems Market Segmentation
Grand View Research has segmented the global point of care ultrasound systems market based on portability, technology, application, end use, region:
Point Of Care Ultrasound Systems Portability Outlook (Revenue, USD Million, 2018 - 2030)
• Cart/Trolley-based Ultrasound Systems
• Handheld/Portable Ultrasound Systems
Point Of Care Ultrasound Systems Technology Outlook (Revenue, USD Million, 2018 - 2030)
• 2D
• 3D/4D
• Doppler
Point Of Care Ultrasound Systems Application Outlook (Revenue, USD Million, 2018 - 2030)
• Cardiology
• Obstetrics/Gynecology
• Radiology
• Orthopedics
• Anesthesia
• Emergency Medicine
• Primary Care
• Critical Care
Point Of Care Ultrasound Systems End Use Outlook (Revenue, USD Million, 2018 - 2030)
• Hospitals
• Imaging Centers
• Research Centers
Point Of Care Ultrasound Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Denmark
o Sweden
o Norway
• Asia Pacific
o Japan
o China
o India
o Australia
o South Korea
o Thailand
• Latin America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
o Kuwait
List Of Key Players Point Of Care Ultrasound Systems Market
• GE HealthCare
• Koninklijke Philips N.V.
• Siemens Healthineers AG
• CANON MEDICAL SYSTEMS CORPORATION
• SAMSUNGHEALTHCARE.COM
• FUJIFILM Sonosite, Inc.
• BenQ Medical Technology
• CHISON Medical Technologies Co., Ltd.
• Dawei Medical (Jiangsu) Corp., Ltd.
• Viatom Technology Co., Ltd.
• TELEMED
• Butterfly Network, inc
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