The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s POC Medical Imaging Global Market Report 2024, the POC medical imaging market is expected to show promising growth in the forecast period.

Steady Growth Projection in the POC Medical Imaging Market

• The POC medical imaging market size has witnessed a steady rise, growing from $1.34 billion in 2023 to $1.4 billion in 2024, with a CAGR of 4.3%.
• Factors contributing to this growth include enhanced accessibility in remote areas, increased prevalence of chronic diseases, improved connectivity, and governmental initiatives.
• Forecast indicates a continued upward trajectory, with the market expected to reach $1.67 billion in 2028, at a CAGR of 4.5%.

Chronic Disease Surge Fuels POC Medical Imaging Market Growth

• The prevalence of chronic diseases globally is a key driver propelling the growth of the point-of-care medical imaging market.
• Lifestyle choices, genetics, environment, and aging populations contribute to the rise in chronic diseases.
• Point-of-care medical imaging aids in timely diagnosis, monitoring disease progression, and guiding treatment decisions.
• The World Health Organization reports chronic diseases account for 74% of all global deaths, with a significant portion occurring in low- and middle-income countries.

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AI Revolutionizes POC Medical Imaging

• Artificial intelligence (AI) integration is a transformative trend in the point-of-care medical imaging market.
• Companies like GE Healthcare Technologies Inc. and Exo are developing AI-driven point-of-care medical imaging devices.
• GE’s Venue Fit offers cardiac imaging in point-of-care settings, while Exo’s acquisition of Medo AI enhances ultrasound image access technology.
• AI facilitates automated image acquisition and interpretation, simplifying and accelerating diagnosis processes.

Market Segmentation and Regional Outlook

• The POC medical imaging market is segmented by product (X-Ray, CT, Ultrasound), application (Cardiology, Gynecology, Oncology, Orthopedics, Neurology, etc.), and end-user (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings).
• North America led the POC medical imaging market in 2023, while Asia-Pacific is anticipated to witness the fastest growth during the forecast period.

Innovations Driving Market Expansion

• Emergence of novel imaging modalities and investments in research and development contribute to market expansion.
• Personalized and precision medicine, wireless connectivity, and rapid diagnostics are pivotal in shaping the future of POC medical imaging.
• Major trends include AI-powered interpretation, remote monitoring, telemedicine, and smartphone-compatible devices.
• Focus on cost-effectiveness and point-of-care testing expansion further drives market growth.

Conclusion: Bridging Gaps in Healthcare

The growth of the point-of-care medical imaging market signifies a significant step forward in healthcare accessibility and efficiency. As chronic diseases continue to burden populations globally, the demand for timely diagnosis and treatment amplifies. With the integration of artificial intelligence, medical imaging technologies become more sophisticated, enabling quicker and more accurate diagnoses even in remote or underserved areas. As innovations continue to reshape the landscape of healthcare, the focus remains on enhancing patient outcomes and improving overall quality of care. The projected growth and technological advancements in the POC medical imaging market herald a promising future where healthcare becomes increasingly accessible and effective for all.

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