POC Medical Imaging Market Growth Potential: Key Insights for 2024-2033
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How Will the POC Medical Imaging Market Grow from 2024 to 2033?
There has been a steady increase in the size of the poc medical imaging market in the past few years. The market is projected to expand from $1.34 billion in 2023 to $1.4 billion in 2024, with a compound annual growth rate (CAGR) of 4.3%. The expansion during the historic phase is a result of better access to remote and less-served areas, a rise in chronic illnesses, superior connectivity and mobility, growth in telemedicine and remote consultation, and targeted government initiatives.
In the upcoming years, the poc medical imaging market is projected to experience consistent growth, reaching a value of $1.67 billion by 2028, reflecting a compound annual growth rate (CAGR) of 4.5%. This indicative growth during the expected period is credited to the introduction of innovative imaging modalities, investments into research and development, the advancement of personalized and precision medicine, the cultivation of wireless connectivity, and emphasis on rapid diagnostics. Primary trends anticipated in the forecast period encompass ai-empowered interpretation and analytics, remote monitoring and telemedicine, emphasis on cost-effectiveness, expansion of point-of-care testing, and the advent of smartphone-compatible devices.
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What Aspects Are Influencing the Growth Rate of the poc medical imaging Market?
The escalating occurrence of persistent illnesses is anticipated to stimulate the expansion of the point-of-care medical imaging market in the future. Chronic disease prevalence is the ratio or quantity of people in a population who are living with enduring health conditions at a particular time. This trend is due to various reasons such as lifestyle choices, inherited conditions, environmental influences, and ageing populations. Point-of-care medical imaging aids in the treatment of chronic ailments by delivering prompt and on-premise diagnostic data, allowing medical practitioners to observe disease progression and make informed treatment decisions. For example, in September 2022, the World Health Organization, headquartered in Switzerland, stated that chronic diseases accounted for 74% of worldwide deaths. Annually, about 17 million people pass away before reaching 70 because of chronic diseases, with 86% of these deaths occurring in lower to middle-income nations. Moreover, chronic diseases are projected to rise to 70%, and the global disease burden to 56% by 2030. As such, the growing prevalence of chronic diseases is fueling the development of the point-of-care medical imaging market.
What Are the Critical Segments of the POC Medical Imaging Market?
1) By Product: X-Ray, CT, Ultrasound
2) By Application: Cardiology, Gynecology Or Obstetrics, Oncology, Orthopedics, Neurology, Other Applications
3) By End-User: Hospitals, Clinics and Diagnostic Centers, Ambulatory Surgical Centers (ASCs), Home Care Settings
What Trends Are Redefining Consumer Expectations in the POC Medical Imaging Market?
The growth of artificial intelligence (AI) in the healthcare sector is a significant trend gaining traction in the point-of-care medical imaging market. Firms involved in this market are creating AI-enhanced point-of-care medical imaging devices and tools to secure their market standing. For example, in April 2021, GE HealthCare Technologies Inc., a medical tech firm from the United States, unveiled an AI-powered point-of-care ultrasound (POCUS) system known as Venue Fit. The Venue Fit system provides point-of-care cardiac imaging and features elements such as touch screen, scanning tools, and a compact design. An AI tool, primarily utilized by clinicians for real-time entity framework and an integrated quality indicator, is incorporated into the Venue Fit.
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What Are the Leading Regions in the POC Medical Imaging Market Expansion?
North America was the largest region in the POC medical imaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global POC medical imaging market report during the forecast period. The regions covered in the poc medical imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The POC Medical Imaging Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the poc medical imaging market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The POC Medical Imaging Market Include
1. POC Medical Imaging Market Executive Summary
2. POC Medical Imaging Market Segments
3. POC Medical Imaging Market Size And Template Market Growth Rate
4. Key POC Medical Imaging Market Trends
5. Major POC Medical Imaging Market Drivers
……
25. Key Mergers And Acquisitions In The POC Medical Imaging Market
26. Top POC Medical Imaging Companies
27. POC Medical Imaging Market Opportunities And Strategies
28. POC Medical Imaging Market, Conclusions And Recommendations
29. Appendix
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