The global point-of-care ultrasound device market size was US$ 2.2 billion in 2021 and is forecast to reach US$ 4.1 billion by 2030. The global point-of-care ultrasound device market is expected to grow at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022-2030. 

Factors Influencing

• The growing geriatric population and technological advancements would propel the growth of the global point-of-care ultrasound devices industry. 
• The global point-of-care ultrasound device market is forecast to gain traction, owing to the mounting occurrence of chronic diseases and growing healthcare infrastructure all around the globe. Centers for Disease Control and Prevention (CDC) estimates that every year approximately 370,000 people die in the United States because of coronary heart disease. Thus, the growing cases of heart diseases would ultimately fuel the demand for point-of-care ultrasound devices. 
• The increasing awareness related to the benefits of portable ultrasound devices would benefit the global market for point-of-care ultrasound devices. 
• The shortage of skilled professionals may act as a challenging factor in the growth of the global point-of-care ultrasound device market. 

Geographic Analysis

Regionally, North America dominates the global point-of-care ultrasound device market due to the increasing number of patients suffering from chronic diseases. Moreover, the growing rate of the elderly population and rising healthcare expenditure are forecast to benefit the global point-of-care ultrasound device market. In addition, growing technological advancements in point-of-care ultrasound devices would fuel the demand for the devices in the region. 

The Asia-Pacific region would emerge as a rapidly growing region in the global point-of-care ultrasound device market due to the increasing geriatric population and growing healthcare expenditure. Moreover, the increasing cases of chronic diseases are forecast to benefit the market players in the global point-of-care ultrasound device market. 

COVID-19 Impact Analysis

The COVID-19 pandemic had a negative influence on the global point-of-care ultrasound devices market. It is majorly because diagnostic imaging services were closed during the epidemic. Moreover, the preferences of the healthcare providers diverted to curb the pandemic effect. Thus, it hampered the growth of the global point-of-care ultrasound device market. 

The unavailability of raw materials and shortage of laborers slowed down the manufacturing activities. Apart from that, players witnessed several disruptions in the supply chain because of import-export bans. As a result, the global point-of-care ultrasound device market declined abruptly. However, the global point-of-care ultrasound device market would recover significantly once the COVID-19 cases begin to decrease. 

Competitors in the Market

• Mindray Bio-Medical Electronics Co. Ltd.
• Siemens AG
• Koninklijke Philips N.V.
• General Electric Company
• Canon Medical Systems Corporation
• Analogic Corporation
• Fujifilm Holdings Corporation
• Esaote S.p.A
• Hitachi Ltd.
• Samsung Electronics Co. Ltd.
• Other prominent players

Market Segmentation

Insight by Type

• Diagnostic
• Therapeutic

Insight by Portability

• Compact
• Handheld
• Cart-Based/Trolley

Insight by Application

• Medicine
• Obstetrics and Gynecology
• Musculoskeletal
• Cardiology
• Vascular and Urology
• Others

Insight by Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America