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What Is the Forecast for the POC Medical Imaging Market from 2024 to 2025?

The market size for POC medical imaging has been experiencing consistent growth over the past few years. The market is expected to increase from $1.41 billion in 2024 to $1.47 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.9%. The progress during this period can be accredited to better accessibility in remote and underserved regions, an uptick in chronic diseases, enhanced connectivity and mobility, more telemedicine and remote consultations, and targeted government initiatives.

What Is the Projected Market Size of the POC Medical Imaging Market?

In the forthcoming years, the Point of Care (POC) medical imaging market is anticipated to exhibit robust expansion, reaching a valuation of “$1.8 billion by 2029 with a 5.3% Compound Annual Growth Rate (CAGR). The promising growth outlook for the forecast period is linked to the emergence of innovative imaging modalities, significant investment in research and development activities, advancement in personalized and precision medicine, the evolution of wireless connectivity, alongside emphasis on swift diagnoses. Noteworthy trends during the projected period encompass AI-led interpretation and analytics, the promotion of remote supervision and telemedicine, prioritization of cost-effectiveness, expansion in point-of-care testing, and the formation of devices compatible with smartphones.

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Who are the Major Competitors in the POC Medical Imaging Market Outlook?

Major companies operating in the POC medical imaging market include GE Healthcare Technologies Inc., Siemens Healthineers AG, Canon Medical Systems Corp., Samsung Medison Co. Ltd., Xoran Technologies LLC, NeuroLogica Corp., Fujifilm Holdings Corporation, Carestream Health Inc., Philips Medical Systems Technologies Ltd., Mindray Medical India Pvt. Ltd., Esaote Biomedica SpA, CurveBeam AI Limited, Planmed Oy, F. Hoffman-La Roche AG, Becton Dickinson and Company, Toshiba Medical Systems Corporation, Neusoft Medical Systems, Hitachi Medical Systems America Inc., Hologic Inc., Quidel Corporation, Shimadzu Corporation, Opko Health Inc., Roche Diagnostics, Agfa-Gevaert N.V., Konica Minolta Inc., Bracco Imaging S.p.A., Sectra AB, Abbott Laboratories, Danaher Corporation, Butterfly Network Inc.

What Is Fueling Growth in the POC Medical Imaging Market?

The increasing occurrence of chronic illnesses is anticipated to boost the point-of-care medical imaging market’s expansion in the future. Chronic disease prevalence is the rate or tally of individuals within a community suffering from enduring health issues at a given moment. This alteration is due to factors such as lifestyle choices, genetic predispositions, environmental influences, and ageing communities. The point-of-care medical imaging aids in the treatment of chronic ailments by offering on-site and immediate diagnostic details, which empowers medical professionals to supervise the progress of the disease and navigate decisions related to treatment. For instance, the World Health Organization, an international public health organization based in Switzerland, reported in September 2022 that chronic diseases constituted 74% of global deaths. Each year, approximately 17 million individuals die before reaching 70 years due to chronic illnesses, and 86% of these fatalities occur in low- and middle-income nations. Furthermore, it is projected that by 2030, chronic diseases will rise to 70% and the global disease burden will increase to 56%. Hence, the escalating occurrence of chronic diseases is fueling the advancement of the point-of-care medical imaging market in the future.

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Which POC Medical Imaging Market Segments Are Growing the Fastest?

The POC medical imaging market covered in this report is segmented –

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

Subsegments:

1) By X-Ray: Portable X-Ray Machines, Mobile X-Ray Units, Digital X-Ray Systems

2) By CT (Computed Tomography): Portable CT Scanners, Mobile CT Units, Cone Beam CT Systems

3) By Ultrasound: Portable Ultrasound Devices, Handheld Ultrasound Systems, Compact Ultrasound Machines

Which Industry Trends Are Shaping the Future of the POC Medical Imaging Market?

Major players in the point-of-care (POC) medical imaging sector are honing their focus on the production of innovative products, including state-of-the-art imaging systems. These new systems aim to bolster diagnostic precision, increase efficiency in workflow, and promptly deliver results at the care point to improve patient recovery rates. State-of-the-art imaging solutions are groundbreaking technologies that generate high-definition diagnostic images rapidly and effectively, aiding medical practitioners in making educated decisions at the care point. For example, in June 2022, Mindray, a medical device manufacturer based in China, rolled out the TEX20 Series. This series has been crafted to provide exceptional imaging combined with increased portability, making it suitable for a variety of clinical contexts. The TEX20, by incorporating cutting-edge imaging technologies and easy-to-use features, strives to raise the bar for POC medical imaging. This will allow healthcare professionals to provide efficient and high-quality patient care across different conditions.

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Which Countries Are Leading the POC Medical Imaging Market?

North America was the largest region in the POC medical imaging market in 2024.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

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This Report Delivers Insight On:

1. How big is the poc medical imaging market, and how is it changing globally?

2. Who are the major companies in the poc medical imaging market, and how are they performing?

3. What are the key opportunities and risks in the poc medical imaging market right now?

4. Which products or customer segments are growing the most in the poc medical imaging market?

5. What factors are helping or slowing down the growth of the poc medical imaging market?

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