Point-of-care Ultrasound Market size was USD 958.02 Million in 2022 and is expected to Reach USD 2830.20 Million by 2030 and grow at a CAGR of 14.5% over the forecast period of 2023-2030.
The Point-of-care Ultrasound (POCUS) Market refers to the market for portable ultrasound devices that are used at the patient's bedside for immediate diagnostic and therapeutic purposes. Point-of-care ultrasound enables healthcare providers to perform real-time imaging and obtain diagnostic information without the need for transferring patients to dedicated imaging departments. POCUS devices are compact, handheld, and designed for use in various healthcare settings, including emergency departments, critical care units, operating rooms, clinics, and outpatient settings. These devices are user-friendly and allow healthcare professionals, such as physicians, nurses, and paramedics, to visualize internal structures in real time, aiding in rapid decision-making and patient management.
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Technological advancements have resulted in the development of portable ultrasound devices that are lightweight, compact, and offer high image quality. These devices often come with advanced features such as wireless connectivity, touchscreen interfaces, and specialized software applications, enhancing their usability and diagnostic capabilities. Point-of-care diagnostics have gained prominence in healthcare settings due to their ability to provide immediate results, facilitate timely interventions, and improve patient outcomes. POCUS devices play a crucial role in point-of-care diagnostics by enabling real-time visualization of anatomical structures and aiding in the diagnosis of various conditions, including trauma, cardiac abnormalities, and abdominal pathologies. Bedside imaging has become increasingly important in patient care, especially in critical care settings. POCUS devices allow healthcare providers to assess patients at the point of care without the need for transporting them to imaging departments. This helps in expediting diagnosis, monitoring, and treatment decision-making, ultimately leading to better patient management and outcomes. POCUS devices offer cost-effective imaging solutions compared to traditional imaging modalities such as CT scans and MRIs. They are relatively affordable, have lower maintenance costs, and do not require specialized technicians for operation. Furthermore, POCUS helps in reducing waiting times for imaging, thereby improving workflow efficiency and patient throughput.
POCUS devices have found applications in multiple medical specialities, including emergency medicine, critical care, cardiology, obstetrics and gynaecology, anaesthesia, and primary care. The versatility of POCUS devices and their ability to provide real-time diagnostic information has contributed to their widespread adoption across diverse healthcare settings. In addition to diagnostics, POCUS devices also facilitate image-guided procedures and interventions at the bedside. For example, ultrasound-guided vascular access, nerve blocks, and joint injections can be performed using POCUS, reducing complications and improving procedural accuracy. Increased awareness about the benefits of POCUS and the availability of training programs have contributed to market growth. Healthcare professionals are receiving specialized training to effectively operate POCUS devices, interpret ultrasound images, and integrate them into clinical practice.
The Point-of-care Ultrasound (POCUS) Market is expected to continue growing as healthcare providers recognize the value of immediate bedside imaging and the benefits it brings to patient care. The market is characterized by a wide range of manufacturers offering diverse POCUS devices with different features and applications.
DRIVERS:
Ultrasound imaging technological improvements have resulted in the creation of portable and handheld ultrasound equipment with higher picture quality, expanded functionality, and user-friendly interfaces.
The global market is being driven by significant technological advancements in these systems.
The significant technical improvements in these imaging systems are one of the primary forces affecting the worldwide market's growth. Continuous technical advances in point-of-care imaging have resulted in more precise and accurate imaging. Other benefits of technology developments in these product offerings include a wider variety of applications and increased patient comfort as scanning durations are reduced. Furthermore, the increased use of artificial intelligence in these gadgets has improved scanning capabilities even further. These concerns have prompted various firms to concentrate on creating Al-based POC ultrasonography devices for improved patient care.
RESTRAIN:
While POCUS devices are often less expensive than standard imaging modalities, they nonetheless need a substantial investment. The initial expenses of obtaining POCUS devices and accompanying accessories might be prohibitively expensive, particularly for smaller healthcare organisations or those with restricted finances.
Lack of awareness, combined with a scarcity of skilled professionals, will stymie this market growth.
The scarcity of trained experts in rising countries throughout the world is one of the limiting factors projected to hinder global market expansion during the forecast period. For example, in developing countries, patients may sustain unintended injuries as a result of inexperienced healthcare staff mishandling imaging equipment. There has been a lack of effective training among doctors in underdeveloped countries about the safe management of these devices, as well as poor product accessibility due to reducing per capita expenditure. Another major element limiting market expansion is a lack of public understanding regarding highly advanced point-of-care ultrasound equipment. As a result, these factors are projected to constrain market expansion throughout the forecast period.
OPPORTUNITY:
POCUS devices have great development potential in underdeveloped areas where access to standard imaging modalities may be limited.
Telemedicine and remote healthcare integration in the biggest opportunity in this market.
POCUS devices might be employed in virtual consultations and remote diagnostics as telemedicine and remote healthcare become more popular. POCUS combined with telemedicine technology allows healthcare experts to remotely guide patients in doing ultrasound tests, allowing for speedy diagnosis and treatment recommendations without the need for in-person visits. Integrating POCUS with telemedicine platforms can improve patient outcomes and increase access to healthcare in underprivileged regions.
CHALLENGES:
Effective use of POCUS devices necessitates sufficient training and experience.
Compensation and regulatory considerations are the huge challenges of this market.
Regional reimbursement policies and regulatory requirements differ, as do healthcare systems. Establishing acceptable reimbursement models for POCUS procedures can be difficult, thereby jeopardising the financial feasibility of POCUS programme implementation. Obtaining regulatory clearances and navigating regulatory processes for POCUS devices and applications can be time-consuming and costly.
Wars are complicated, including social collapse, infrastructural destruction, and economic consequences. Although, healthcare systems are likely to suffer significantly. Russia and Ukraine supply a large portion of the world's raw resources for medical equipment, including crude oil, natural gas, and some metals. Because US healthcare organisations rely on common raw materials, medical supply prices may grow. Russia produces 14% of the world's oil and 18% of the world's natural gas. Production disruptions are expected, which might have a direct impact on the global supply chain and plastics pricing. When the supply chain is disrupted by the invasion, European countries will be forced to hustle to locate other suppliers. As a result, natural gas prices will rise even more. Manufacturers who purchase raw materials will be able to boost their pricing to offset the costs. However, healthcare facilities, like their clients, will be affected.
As a result, the prices of equipment and related services will also increase in the Point of care Ultrasound market.
IMPACT OF ONGOING RECESSION
The healthcare industry is recession-proof since it often outperforms other industries during economic downturns. Understanding how the healthcare sector responds to financial difficulties is critical for policymakers looking for a sufficient supply of healthcare staff as well as those retraining displaced workers. Life insurance and health care insurance have seen an increase of 4-5% in the last few years and nowadays due to an increase in demand for health care insurance among the people, the Point of Care Ultrasound market will not have to face any loss.
By Type
Diagnostic
Therapeutic
By Portability
Handheld Devices
Trolley-Based Devices
By Application
Cardiology
Emergency Medicine
Obstetrics & Gynecology
Vascular Surgery
Urology
By End-use
Clinics
Hospitals
Others
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSIS
North America: The worldwide market may be divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. During the projected period, North America is expected to be the most prominent area. Some of the causes for this high market share include notable corporations that are launching new products. Other factors include the growing need for medical imaging due to the increased frequency of chronic illnesses, significant healthcare spending, and rising demand for point-of-care diagnostics
Asia Pacific: Due to increased demand for outpatient treatment, particularly in rural regions, a large potential patient population, and considerable healthcare spending, the Asia Pacific market is expected to have the largest CAR throughout the projection period. The emerging markets of Latin America, the Middle East, and Africa accounted for a lower market share but are expected to grow rapidly during the forecast period due to rising demand for medical imaging in outpatient healthcare settings in rural areas and rising healthcare expenditure.
Some major key players in Point-of-care Ultrasound Market are Koninklijke Philips N.V., GE Healthcare, FUJIFILM Sonosite, Inc., Hitachi Ltd., ALPINION MEDICAL SYSTEMS Co., Ltd, Terason Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., EDAN Instruments, Healcerion, CHISON Medical Technologies and other players.
Exo WorksTM: Exo WorksTM a smart and user-friendly point-of-care ultrasound workflow solution that allows clinicians to document, analyse, bill, and manage quality assurance from a single platform, was released in 2022 by Exo, a prominent distributor of medical equipment and data.
GE Healthcare: GE Healthcare will reveal its extremely sophisticated Voluson Expert 22 ultrasound equipment in 2022. This important addition to GE Healthcare's Women’s Health portfolio resulted in the appropriate use of graphic-based beam technology, which is capable of creating pictures of high quality while also offering a wide range of flexibility for a variety of imaging purposes. The professionals claimed that Voluson Expert 22 will significantly improve the point-of-care technology components of prenatal imaging.
| Report Attributes | Details |
| Market Size in 2022 | US$ 958.02 Mn |
| Market Size by 2030 | US$ 2830.20 Mn |
| CAGR | CAGR of 14.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Diagnostic, Therapeutic) • By Portability (Handheld Devices, and Trolley Based Devices) • By Application (Cardiology, Emergency Medicine, Obstetrics & Gynecology, Vascular Surgery, Urology) • By End-use (Clinics, Hospitals and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Koninklijke Philips N.V., GE Healthcare, FUJIFILM Sonosite, Inc., Hitachi Ltd., ALPINION MEDICAL SYSTEMS Co., Ltd, Terason Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., EDAN Instruments, Healcerion, CHISON Medical Technologies |
| Key Drivers | • Ultrasound imaging technological improvements have resulted in the creation of portable and handheld ultrasound equipment with higher picture quality, expanded functionality, and user-friendly interfaces. • The global market is being driven by significant technological advancements in these systems. |
| Market Restraints | • While POCUS devices are often less expensive than standard imaging modalities, they nonetheless need a substantial investment. The initial expenses of obtaining POCUS devices and accompanying accessories might be prohibitively expensive, particularly for smaller healthcare organisations or those with restricted finances. • Lack of awareness, combined with a scarcity of skilled professionals, will stymie this market growth. |
Ans: The Point-of-care Ultrasound Market is expected to grow at a CAGR of 14.5%.
Ans: The market for point-of-care ultrasound was worth USD 958.02 Million in 2022 and is expected to increase to USD 2830.20 Million by 2030.
Ans: Because of the increased frequency of chronic diseases such as cancer, stroke, renal disease, lung cancer, and diabetes, hospitals generated a large demand for portable ultrasound equipment based on end-use.
Ans: The projection period for the point-of-care ultrasound market is 2022 to 2030.
Ans: In 2022, North America dominated the market.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Point-of-care Ultrasound Market Segmentation, By Type
8.1 Diagnostic
8.2 Therapeutic
9. Point-of-care Ultrasound Market Segmentation, By Portability
9.1 Handheld Devices
9.2 Trolley-Based Devices
10. Point-of-care Ultrasound Market Segmentation, By Application
10.1 Emergency Medicine
10.2 Obstetrics & Gynecology
10.3 Vascular Surgery
10.4 Urology
11. Point-of-care Ultrasound Market Segmentation, By End-use
11.1 Clinics
11.2 Hospitals
11.3 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Point-of-care Ultrasound Market by Country
12.2.2 North America Point-of-care Ultrasound Market by Type
12.2.3 North America Point-of-care Ultrasound Market by Portability
12.2.4 North America Point-of-care Ultrasound Market by Application
12.2.5 North America Point-of-care Ultrasound Market by End-use
12.2.6 USA
12.2.6.1 USA Point-of-care Ultrasound Market by Type
12.2.6.2 USA Point-of-care Ultrasound Market by Portability
12.2.6.3 USA Point-of-care Ultrasound Market by Application
12.2.6.4 USA Point-of-care Ultrasound Market by End-use
12.2.7 Canada
12.2.7.1 Canada Point-of-care Ultrasound Market by Type
12.2.7.2 Canada Point-of-care Ultrasound Market by Portability
12.2.7.3 Canada Point-of-care Ultrasound Market by Application
12.2.7.4 Canada Point-of-care Ultrasound Market by End-use
12.2.8 Mexico
12.2.8.1 Mexico Point-of-care Ultrasound Market by Type
12.2.8.2 Mexico Point-of-care Ultrasound Market by Portability
12.2.8.3 Mexico Point-of-care Ultrasound Market by Application
12.2.8.4 Mexico Point-of-care Ultrasound Market by End-use
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Point-of-care Ultrasound Market by Country
12.3.1.2 Eastern Europe Point-of-care Ultrasound Market by Type
12.3.1.3 Eastern Europe Point-of-care Ultrasound Market by Portability
12.3.1.4 Eastern Europe Point-of-care Ultrasound Market by Application
12.3.1.5 Eastern Europe Point-of-care Ultrasound Market by End-use
12.3.1.6 Poland
12.3.1.6.1 Poland Point-of-care Ultrasound Market by Type
12.3.1.6.2 Poland Point-of-care Ultrasound Market by Portability
12.3.1.6.3 Poland Point-of-care Ultrasound Market by Application
12.3.1.6.4 Poland Point-of-care Ultrasound Market by End-use
12.3.1.7 Romania
12.3.1.7.1 Romania Point-of-care Ultrasound Market by Type
12.3.1.7.2 Romania Point-of-care Ultrasound Market by Portability
12.3.1.7.3 Romania Point-of-care Ultrasound Market by Application
12.3.1.7.4 Romania Point-of-care Ultrasound Market by End-use
12.3.1.8 Hungary
12.3.1.8.1 Hungary Point-of-care Ultrasound Market by Type
12.3.1.8.2 Hungary Point-of-care Ultrasound Market by Portability
12.3.1.8.3 Hungary Point-of-care Ultrasound Market by Application
12.3.1.8.4 Hungary Point-of-care Ultrasound Market by End-use
12.3.1.9 Turkey
12.3.1.9.1 Turkey Point-of-care Ultrasound Market by Type
12.3.1.9.2 Turkey Point-of-care Ultrasound Market by Portability
12.3.1.9.3 Turkey Point-of-care Ultrasound Market by Application
12.3.1.9.4 Turkey Point-of-care Ultrasound Market by End-use
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Point-of-care Ultrasound Market by Type
12.3.1.10.2 Rest of Eastern Europe Point-of-care Ultrasound Market by Portability
12.3.1.10.3 Rest of Eastern Europe Point-of-care Ultrasound Market by Application
12.3.1.10.4 Rest of Eastern Europe Point-of-care Ultrasound Market by End-use
12.3.2 Western Europe
12.3.2.1 Western Europe Point-of-care Ultrasound Market by Country
12.3.2.2 Western Europe Point-of-care Ultrasound Market by Type
12.3.2.3 Western Europe Point-of-care Ultrasound Market by Portability
12.3.2.4 Western Europe Point-of-care Ultrasound Market by Application
12.3.2.5 Western Europe Point-of-care Ultrasound Market by End-use
12.3.2.6 Germany
12.3.2.6.1 Germany Point-of-care Ultrasound Market by Type
12.3.2.6.2 Germany Point-of-care Ultrasound Market by Portability
12.3.2.6.3 Germany Point-of-care Ultrasound Market by Application
12.3.2.6.4 Germany Point-of-care Ultrasound Market by End-use
12.3.2.7 France
12.3.2.7.1 France Point-of-care Ultrasound Market by Type
12.3.2.7.2 France Point-of-care Ultrasound Market by Portability
12.3.2.7.3 France Point-of-care Ultrasound Market by Application
12.3.2.7.4 France Point-of-care Ultrasound Market by End-use
12.3.2.8 UK
12.3.2.8.1 UK Point-of-care Ultrasound Market by Type
12.3.2.8.2 UK Point-of-care Ultrasound Market by Portability
12.3.2.8.3 UK Point-of-care Ultrasound Market by Application
12.3.2.8.4 UK Point-of-care Ultrasound Market by End-use
12.3.2.9 Italy
12.3.2.9.1 Italy Point-of-care Ultrasound Market by Type
12.3.2.9.2 Italy Point-of-care Ultrasound Market by Portability
12.3.2.9.3 Italy Point-of-care Ultrasound Market by Application
12.3.2.9.4 Italy Point-of-care Ultrasound Market by End-use
12.3.2.10 Spain
12.3.2.10.1 Spain Point-of-care Ultrasound Market by Type
12.3.2.10.2 Spain Point-of-care Ultrasound Market by Portability
12.3.2.10.3 Spain Point-of-care Ultrasound Market by Application
12.3.2.10.4 Spain Point-of-care Ultrasound Market by End-use
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Point-of-care Ultrasound Market by Type
12.3.2.11.2 Netherlands Point-of-care Ultrasound Market by Portability
12.3.2.11.3 Netherlands Point-of-care Ultrasound Market by Application
12.3.2.11.4 Netherlands Point-of-care Ultrasound Market by End-use
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Point-of-care Ultrasound Market by Type
12.3.2.12.2 Switzerland Point-of-care Ultrasound Market by Portability
12.3.2.12.3 Switzerland Point-of-care Ultrasound Market by Application
12.3.2.12.4 Switzerland Point-of-care Ultrasound Market by End-use
12.3.2.13 Austria
12.3.2.13.1 Austria Point-of-care Ultrasound Market by Type
12.3.2.13.2 Austria Point-of-care Ultrasound Market by Portability
12.3.2.13.3 Austria Point-of-care Ultrasound Market by Application
12.3.2.13.4 Austria Point-of-care Ultrasound Market by End-use
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Point-of-care Ultrasound Market by Type
12.3.2.14.2 Rest of Western Europe Point-of-care Ultrasound Market by Portability
12.3.2.14.3 Rest of Western Europe Point-of-care Ultrasound Market by Application
12.3.2.14.4 Rest of Western Europe Point-of-care Ultrasound Market by End-use
12.4 Asia-Pacific
12.4.1 Asia Pacific Point-of-care Ultrasound Market by Country
12.4.2 Asia Pacific Point-of-care Ultrasound Market by Type
12.4.3 Asia Pacific Point-of-care Ultrasound Market by Portability
12.4.4 Asia Pacific Point-of-care Ultrasound Market by Application
12.4.5 Asia Pacific Point-of-care Ultrasound Market by End-use
12.4.6 China
12.4.6.1 China Point-of-care Ultrasound Market by Type
12.4.6.2 China Point-of-care Ultrasound Market by Portability
12.4.6.3 China Point-of-care Ultrasound Market by Application
12.4.6.4 China Point-of-care Ultrasound Market by End-use
12.4.7 India
12.4.7.1 India Point-of-care Ultrasound Market by Type
12.4.7.2 India Point-of-care Ultrasound Market by Portability
12.4.7.3 India Point-of-care Ultrasound Market by Application
12.4.7.4 India Point-of-care Ultrasound Market by End-use
12.4.8 Japan
12.4.8.1 Japan Point-of-care Ultrasound Market by Type
12.4.8.2 Japan Point-of-care Ultrasound Market by Portability
12.4.8.3 Japan Point-of-care Ultrasound Market by Application
12.4.8.4 Japan Point-of-care Ultrasound Market by End-use
12.4.9 South Korea
12.4.9.1 South Korea Point-of-care Ultrasound Market by Type
12.4.9.2 South Korea Point-of-care Ultrasound Market by Portability
12.4.9.3 South Korea Point-of-care Ultrasound Market by Application
12.4.9.4 South Korea Point-of-care Ultrasound Market by End-use
12.4.10 Vietnam
12.4.10.1 Vietnam Point-of-care Ultrasound Market by Type
12.4.10.2 Vietnam Point-of-care Ultrasound Market by Portability
12.4.10.3 Vietnam Point-of-care Ultrasound Market by Application
12.4.10.4 Vietnam Point-of-care Ultrasound Market by End-use
12.4.11 Singapore
12.4.11.1 Singapore Point-of-care Ultrasound Market by Type
12.4.11.2 Singapore Point-of-care Ultrasound Market by Portability
12.4.11.3 Singapore Point-of-care Ultrasound Market by Application
12.4.11.4 Singapore Point-of-care Ultrasound Market by End-use
12.4.12 Australia
12.4.12.1 Australia Point-of-care Ultrasound Market by Type
12.4.12.2 Australia Point-of-care Ultrasound Market by Portability
12.4.12.3 Australia Point-of-care Ultrasound Market by Application
12.4.12.4 Australia Point-of-care Ultrasound Market by End-use
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Point-of-care Ultrasound Market by Type
12.4.13.2 Rest of Asia-Pacific Point-of-care Ultrasound Market by Portability
12.4.13.3 Rest of Asia-Pacific Point-of-care Ultrasound Market by Application
12.4.13.4 Rest of Asia-Pacific Point-of-care Ultrasound Market by End-use
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Point-of-care Ultrasound Market by Country
12.5.1.2 Middle East Point-of-care Ultrasound Market by Type
12.5.1.3 Middle East Point-of-care Ultrasound Market by Portability
12.5.1.4 Middle East Point-of-care Ultrasound Market by Application
12.5.1.5 Middle East Point-of-care Ultrasound Market by End-use
12.5.1.6 UAE
12.5.1.6.1 UAE Point-of-care Ultrasound Market by Type
12.5.1.6.2 UAE Point-of-care Ultrasound Market by Portability
12.5.1.6.3 UAE Point-of-care Ultrasound Market by Application
12.5.1.6.4 UAE Point-of-care Ultrasound Market by End-use
12.5.1.7 Egypt
12.5.1.7.1 Egypt Point-of-care Ultrasound Market by Type
12.5.1.7.2 Egypt Point-of-care Ultrasound Market by Portability
12.5.1.7.3 Egypt Point-of-care Ultrasound Market by Application
12.5.1.7.4 Egypt Point-of-care Ultrasound Market by End-use
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Point-of-care Ultrasound Market by Type
12.5.1.8.2 Saudi Arabia Point-of-care Ultrasound Market by Portability
12.5.1.8.3 Saudi Arabia Point-of-care Ultrasound Market by Application
12.5.1.8.4 Saudi Arabia Point-of-care Ultrasound Market by End-use
12.5.1.9 Qatar
12.5.1.9.1 Qatar Point-of-care Ultrasound Market by Type
12.5.1.9.2 Qatar Point-of-care Ultrasound Market by Portability
12.5.1.9.3 Qatar Point-of-care Ultrasound Market by Application
12.5.1.9.4 Qatar Point-of-care Ultrasound Market by End-use
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Point-of-care Ultrasound Market by Type
12.5.1.10.2 Rest of Middle East Point-of-care Ultrasound Market by Portability
12.5.1.10.3 Rest of Middle East Point-of-care Ultrasound Market by Application
12.5.1.10.4 Rest of Middle East Point-of-care Ultrasound Market by End-use
12.5.2. Africa
12.5.2.1 Africa Point-of-care Ultrasound Market by Country
12.5.2.2 Africa Point-of-care Ultrasound Market by Type
12.5.2.3 Africa Point-of-care Ultrasound Market by Portability
12.5.2.4 Africa Point-of-care Ultrasound Market by Application
12.5.2.5 Africa Point-of-care Ultrasound Market by End-use
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Point-of-care Ultrasound Market by Type
12.5.2.6.2 Nigeria Point-of-care Ultrasound Market by Portability
12.5.2.6.3 Nigeria Point-of-care Ultrasound Market by Application
12.5.2.6.4 Nigeria Point-of-care Ultrasound Market by End-use
12.5.2.7 South Africa
12.5.2.7.1 South Africa Point-of-care Ultrasound Market by Type
12.5.2.7.2 South Africa Point-of-care Ultrasound Market by Portability
12.5.2.7.3 South Africa Point-of-care Ultrasound Market by Application
12.5.2.7.4 South Africa Point-of-care Ultrasound Market by End-use
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Point-of-care Ultrasound Market by Type
12.5.2.8.2 Rest of Africa Point-of-care Ultrasound Market by Portability
12.5.2.8.3 Rest of Africa Point-of-care Ultrasound Market by Application
12.5.2.8.4 Rest of Africa Point-of-care Ultrasound Market by End-use
12.6. Latin America
12.6.1 Latin America Point-of-care Ultrasound Market by Country
12.6.2 Latin America Point-of-care Ultrasound Market by Type
12.6.3 Latin America Point-of-care Ultrasound Market by Portability
12.6.4 Latin America Point-of-care Ultrasound Market by Application
12.6.5 Latin America Point-of-care Ultrasound Market by End-use
12.6.6 Brazil
12.6.6.1 Brazil Point-of-care Ultrasound Market by Type
12.6.6.2 Brazil Point-of-care Ultrasound Market by Portability
12.6.6.3 Brazil Point-of-care Ultrasound Market by Application
12.6.6.4 Brazil Point-of-care Ultrasound Market by End-use
12.6.7 Argentina
12.6.7.1 Argentina Point-of-care Ultrasound Market by Type
12.6.7.2 Argentina Point-of-care Ultrasound Market by Portability
12.6.7.3 Argentina Point-of-care Ultrasound Market by Application
12.6.7.4 Argentina Point-of-care Ultrasound Market by End-use
12.6.8 Colombia
12.6.8.1 Colombia Point-of-care Ultrasound Market by Type
12.6.8.2 Colombia Point-of-care Ultrasound Market by Portability
12.6.8.3 Colombia Point-of-care Ultrasound Market by Application
12.6.8.4 Colombia Point-of-care Ultrasound Market by End-use
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Point-of-care Ultrasound Market by Type
12.6.9.2 Rest of Latin America Point-of-care Ultrasound Market by Portability
12.6.9.3 Rest of Latin America Point-of-care Ultrasound Market by Application
12.6.9.4 Rest of Latin America Point-of-care Ultrasound Market by End-use
13 Company Profile
13.1 Koninklike Philips N.V
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Products/Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 GE Healthcare
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Products/Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 FUJIFILM Sonosite, Inc
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Products/Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Hitachi Ltd
13.4 Company Overview
13.4.2 Financials
13.4.3 Products/Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 ALPINION MEDICAL SYSTEMS Co
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Products/Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Terason Corporation
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Products/Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Shenzhen Mindray Bio-Medical Electronics Co. Ltd
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Products/Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 EDAN Instruments
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Products/Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Healcerion
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 CHISON Medical Technologies
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Surgical Tables Market was valued at USD 1.33 billion in 2022 and is predicted to grow to USD 2.25 billion by 2030, at a CAGR of 6.8% during the forecast period of 2023 to 2030.
The In Vitro Fertilization (IVF) market is projected to hit USD 38.96 billion by 2031 from USD 25.2 Billion in 2023, at a CAGR of 5.6% from 2024 to 2031.
The Electronic Trial Master File (eTMF) Systems Market Size was valued at USD 1.43 billion in 2022, and is expected to reach USD 3.78 billion by 2030 and grow at a CAGR of 12.9% over the forecast period 2023-2030.
The Clinical Trial Imaging Market Size was valued at USD 925.01 million in 2022, and is expected to reach USD 1818 million by 2030 and grow at a CAGR of 8.8% over the forecast period 2023-2030.
The Ureteroscope Market size was USD 832.74 Million in 2022 and is expected to Reach USD 1297.50 Million by 2030 and grow at a CAGR of 5.7% over the forecast period of 2023-2030.
The Life Science Analytics Market Size was esteemed at USD 9.89 billion out of 2023 and is expected to arrive at USD 18.96 billion by 2031, and develop at a CAGR of 7.61% over the conjecture period 2024-2031.
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