Factors such as the rising prevalence of lifestyle-associated diseases, growing geriatric population, and increasing demand for minimal invasive diagnosis and treatment are driving the popularity of ultrasound devices. In 2017, the global point-of-care ultrasound (PoCUS) device market generated a revenue of $1.9 billion and is expected to grow at a CAGR of 6.7% during the forecast period (20182025). The phrase, PoCUS, refers to the provision of ultrasound imaging services at the patient’s location, which does not necessarily have to be a healthcare facility.
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The point-of-care ultrasound (PoCUS) device market is being driven by numerous factors, one of which is technological advancements. Not only are these devices becoming smaller, these are also being integrated with wireless connectivity. Further, the deployment of advanced 3D and 4D technologies in PoCUS devices is resulting in more efficient diagnosis of congenital defects and better visualization of a fetus’s heart. Further, the increasing prevalence of chronic disease, such as respiratory diseases, cardiovascular diseases (CVDs), diabetes, and cancer are also driving the market.
Segmentation of the point-of-care ultrasound device market is done by application, type, and portability. In the application segment, the various categories are obstetrics and gynecology, cardiology, musculoskeletal, vascular and urology, emergency medicine, and others. In 2017, 28.6% of contribution in terms of revenue was made by the emergency medicine category. The same category is expected to hold the largest share in the market during the forecast period as well, owing to the rising demand for advanced PoCUS devices in this field.
Hence, it is clear that the market is slated to witness fast growth during the forecast period owing to the various advantages offered by PoCUS devices, especially in remote settings.
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