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What Is the Forecast for the Point of Care Ultrasound Market Growth in 2025?

The market size for point of care ultrasound has significantly expanded in the past few years. The market is expected to increase from $4.25 billion in 2024 to $4.58 billion in 2025, showing a compound annual growth rate (CAGR) of 7.8%. This progression throughout the historical period is a result of the surge in point-of-care testing, augmented clinical utility, small-scale and transportable devices, education and training programs, as well as cost-effectiveness.

What Is the Forecast for the Point of Care Ultrasound Market Size Through 2029?

The market size for point of care ultrasound is anticipated to witness robust expansion in the subsequent years. By 2029, it is predicted to reach $6.14 billion, with a compound annual growth rate (CAGR) of 7.6%. Factors contributing to growth during the predicted period include the integration of artificial intelligence, growing uses in primary healthcare, worldwide health initiatives, remote and countryside healthcare, customization and specialized probes. Key trends expected during this forecast period involve technological progression, miniaturization and portability, cordless connectivity and integration with the cloud, broadening applications beyond radiology, and access to remote and rural healthcare.

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What are the Key Market Players in Point of Care Ultrasound Market and How They’re Evolving?

Major companies operating in the point of care ultrasound market report are Samsung Electronics Co. Ltd., Hitachi Ltd., Siemens Healthineers GmbH, Fujifilm Holdings Corporation, Becton, Dickinson, and Company, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Toshiba Medical Systems Corporation, Fukuda Denshi Co. Ltd., FUJIFILM Sonosite Inc., Analogic Corporation, B. Braun SE, Esaote SPA, Bard Access Systems Inc., Zimmer MedizinSysteme GmbH, Chison Medical Imaging Co. Ltd., Butterfly Network Inc., Terason Division Teratech Corporation, Advanced Instrumentations, DRE Medical, ALPINION Medical Systems Co. Ltd., Shenzhen AnaSonic Bio-Medical Technology Co. Ltd., Healcerion Co. Ltd., Edan Instruments Inc., Shenzhen Landwind Industry Co. Ltd., Teknova Medical Systems Co. Ltd.

What Are the Primary Growth Drivers in the Point of Care Ultrasound Market?

The point-of-care ultrasound market is predicted to grow as a result of the increasing occurrence of chronic illnesses. Chronic illnesses, also known as non-communicable diseases (NCDs), are long-lasting health conditions that often develop slowly over a long period. The ability of point-of-care ultrasound (POCUS) to facilitate early detection, bespoke treatment, and remote patient monitoring makes it an essential tool for managing chronic diseases and enhancing patient health outcomes. For example, the National Institutes of Health, a government agency from the United States, stated in January 2023 that by 2035, 35.66% (range: 33.36–36.04) of adults aged 50 years and above are anticipated to have at least one chronic disease, a figure projected to increase to 47.81% (range: 46.09–49.71) by 2050. As a result, the growing occurrence of chronic diseases is fueling the expansion of the point-of-care ultrasound market.

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What Are the Leading Segments in the Global Point of Care Ultrasound Industry?

The point of care ultrasound market covered in this report is segmented –

1) By Type: Diagnostic Devices, Therapeutic Devices

2) By Portability: Trolley Based Devices, Handheld Devices

3) By Application: Emergency Medicine, Cardiology, Obstetrics And Gynecology, Urology, Vascular Surgery, Musculoskeletal, Other Applications

4) By End-User: Hospitals, Clinics, Maternity Centers, Ambulatory Surgical Centers (ASCs), Other End Users

Subsegments:

1) By Diagnostic Devices: Portable Ultrasound Systems, Handheld Ultrasound Devices, Cart-Based Ultrasound Machines

2) By Therapeutic Devices: Ultrasound-Guided Injection Systems, Ultrasound Therapy Devices, Ablation Devices

What Are the Key Market Trends in the Point of Care Ultrasound Industry?

Key industry players in the point-of-care ultrasound sector are concentrating their efforts on the creation of technologically superior products, such as ultrasound-on-chip technology. This approach is aimed at improving imaging capabilities and fostering medical diagnostic innovation. By reducing ultrasound components to fit on a single chip, compact and portable ultrasound devices for a variety of medical imaging uses are made possible. This novelty improves the reach of ultrasound diagnostics and paves the way for future advancements in point-of-care and wearable healthcare gadgets. An exemplification of this in February 2024, Butterfly Network Inc., a medical imaging device producer based in the United States, introduced Butterfly iQ3, its newest version of the handheld point-of-care ultrasound (POCUS) system. This system leverages P4.3 ultrasound-on-chip technology and flaunts the fastest digital data transfer rate globally. It is designed to offer superior high-resolution imaging and portable ultrasound imaging with pioneering 3D abilities. It also has twice the processing power of its predecessor, the Butterfly iQ+.

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What Is the Regional Outlook for the Point of Care Ultrasound Market?

North America was the largest region in the point of care ultrasound market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point of care ultrasound 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 point of care ultrasound market, and how is it changing globally?

2. Who are the major companies in the point of care ultrasound market, and how are they performing?

3. What are the key opportunities and risks in the point of care ultrasound market right now?

4. Which products or customer segments are growing the most in the point of care ultrasound market?

5. What factors are helping or slowing down the growth of the point of care ultrasound market?

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