Global Point-of-Care Ultrasound Device Market Size, Share, Development, Growth and Demand Forecast to 2022 Industry Insights by Type, by Portability, by Application

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Oct 11, 2017, 11:10 ET

LONDON, Oct. 11, 2017 /PRNewswire/ -- Point-of-care ultrasound (PoCUS) device refers to the ultrasound device used for diagnostic and therapeutic point-of-care applications. PoCUS device uses portable ultrasonography for providing point of care to patients in hospitals, clinics, homecare and ambulatory settings. The device is used for the evaluation and management of patients in point-of-care during diagnosis, therapeutic, monitoring, and procedure guidance. PoCUS device is easy to operate, easy to move in remote areas and does not use ionizing radiation. It provides a real-time structure and movement of body's internal organs, muscles, tendons, and blood flowing through blood vessels.

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Point-of-Care Ultrasound (PoCUS) Device Market

PoCUS devices are being used for identification of pleural fluid, identification of abdominal aortic aneurysm identification of an intrauterine pregnancy, focused cardiac ultrasound in cardiac arrest or shock states, and identification of a deep vein thrombosis. PoCUS is vital to understand uncertain findings in a physical exam, aid procedure guidance, and especially in case when time is very critical for treatment or diagnosis.

PoCUS devices are mainly of two types – diagnostic PoCUS device and therapeutic PoCUS device market. Diagnostic PoCUS is a cost-effective imaging tool, which depends on the computerized analysis of reflected ultrasound waves, to build fine images of internal organs. These waves are absorbed by biological fluid, gas and tissues within the body and reflect back to the transducer. Whereas, Therapeutic PoCUS is used for the heating treatment of soft tissue injuries, tendonitis, and joint and muscle sprains. It is a non-invasive method of administering medication to tissues below the skin. Therapeutic PoCUS device market is expected to witness higher growth during the forecast period, owing to the increasing adoption of therapeutic PoCUS devices in different applications especially musculoskeletal. It helps to relief pain and inflammation, reduce muscle spasm, and speed healing. It is also used in other clinical applications, such as cosmetic surgery, emergency care and pain management

The global PoCUS device market is expected to grow at a CAGR of 6.9% during 2015 - 2025. The increasing prevalence of chronic diseases, increasing awareness about benefits of portable ultrasound devices, increasing healthcare expenditure, and technological advancements are the key factors driving the growth of the global market. Technological advancements have led to miniaturisation of ultrasound devices. The development of compact ultrasound devices has revolutionized the healthcare diagnosis practice. Manufacturers in the global PoCUS device market are focusing continually on workflow enhancements and improving diagnostic performance. Several manufacturers are investing huge capital on research and development for providing point of care through smart phones, by incorporating portable ultrasound devices into the standard of care and exploring pre-hospital (ambulatory care) market.

Based on portability, trolley/cart based PoCUS device segment contributed larger share to the global market in 2015 due to its high adoption in large hospitals and high cost. Whereas, global compact/hand held/portable PoCUS device market is expected to witness higher growth during 2015 – 2025. The higher growth of the segment is attributed to the increasing demand for hand held PoCUS devices in home care and ambulatory settings.

Geographically, Europe was the largest PoCUS device market in 2015 and it is expected to grow at a considerable rate during the forecast period. The factors driving the PoCUS device market in the region are increasing compliance for portable ultrasound for point-of-care, high prevalence of chronic diseases, increasing healthcare expenditure and technological advancements. The PoCUS device market is expected to witness the fastest growth in Asia-Pacific, during the forecast period. The highest growth in the region is attributed to the improving healthcare infrastructure, increasing need for point of care, and strengthening of networks of international device manufacturers.

Some of the players operating in the global market include Hitachi Ltd., Toshiba Medical Systems Corporation, Siemens AG, Koninklijke Philips N.V., Esaote SpA, General Electric Company, Samsung, Mindray Medical International Limited, FUJIFILM Holdings Corporation, and Analogic Corporation.

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