Analyzing the Future of POC Medical Imaging Market Dynamics 2025-2034: Growth Rate, Trends, and Major Opportunities
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What key factors are powering the surge in the poc medical imaging market right now?
In recent times, the market size for POC medical imaging has been on a consistent rise. It is projected to escalate from $1.41 billion in 2024 to $1.47 billion in 2025 with a CAGR of 3.9%. This growth during the historic period is as a result of improved accessibility to remote and underserved areas, heightened incidence of chronic diseases, enhanced connectivity and mobility, surge in telemedicine and remote consultation, and the emphasis of government initiatives.
How fast Is the poc medical imaging market expected to grow, and what’s its future value?
In the coming years, the POC medical imaging market size is projected to experience substantial growth, expanding to “$1.8 billion in 2029 with a compound annual growth rate (CAGR) of 5.3%. Factors contributing to this expected growth in the forecast period include the introduction of new imaging methods, investment in R&D, personalized and precision medicine, the advancement of wireless connectivity, and emphasis on quick diagnostics. The forecast period will also see major trends such as AI-based interpretation and analytics, remote monitoring and telemedicine, emphasis on cost-effectiveness, expansion of point-of-care testing, and the creation of smartphone-compatible devices.
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What are the leading drivers of growth in the poc medical imaging market?
The escalating occurrence of long-term ailments is anticipated to fuel the expansion of the point-of-care medical imaging market in the future. The term chronic diseases prevalence refers to the count or percentage of people in any given population affected by persisting health issues at a particular moment. This trend arises from lifestyle decisions, genetic tendencies, environmental aspects, and an aging demographic. Point-of-care medical imaging contributes to the management of chronic illnesses by supplying prompt and on-site diagnostic data, allowing medical professionals to track disease evolution and influence treatment plans. For example, the World Health Organization, a Switzerland-based global health entity, declared in September 2022 that 74% of all worldwide deaths were due to chronic diseases. Approximately 17 million individuals die prematurely, under the age of 70, from chronic diseases annually, with 86% of these deaths happening in low to middle-income nations. Moreover, chronic diseases are projected to rise to 70%, and the global disease burden to 56% by 2030. Hence, the increasing occurrence of chronic diseases is propelling the expansion of the point-of-care medical imaging market.
What are the key segments defining the poc medical imaging market?
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
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Who are the key players steering the development of the poc medical imaging market?
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 emerging trends are influencing the growth of the poc medical imaging market?
Leading businesses in the point-of-care (POC) medical imaging market are prioritizing the creation of high-end products, such as innovative imaging solutions. These products aim to increase diagnostic precision, boost workflow productivity, and provide prompt results on-site, leading to optimal patient results. Modern imaging solutions are cutting-edge technologies made to yield highly detailed diagnostic images swiftly and effectively. This capability empowers healthcare practitioners to take enlightened decisions on-site. For example, a healthcare technology firm based in China, Mindray, unveiled the TEX20 Series in June 2022. The TEX20 series boasts superior imaging quality combined with improved portability, making it a perfect fit for a broad range of clinical settings. Featuring sophisticated imaging technologies and easy-to-use attributes, the TEX20 is intended to set new standards in POC medical imaging. This allows healthcare practitioners to provide proficient and potent patient care across various environments.
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Which regions are most influential in expanding 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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