Point of care Ultrasound Market to Reach USD 1,639.4 Million by 2026

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Point of care Ultrasound Market: Application of Imaging Systems in COVID-19 Diagnosis to Support Market During Coronavirus

The global point of care ultrasound market size is expected to rise from USD 736.4 million in 2020 to USD 1,639.4 million in 2026 at a CAGR of 14.3%. The launch of advanced products coupled with a high need for medical imaging in outpatient care settings will foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Point of care Ultrasound Market Size, Share COVID-19 Impact Analysis, By Product (Cart-based, and Hand-held), By End User (Hospitals, Clinics, and Others), and Regional Forecast, 2020-2026.” The market size stood at USD 693.1 million in 2019 and exhibited a slower growth of 6.2% in 2020, owing to the impact of COVID-19.

 

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The coronavirus incident has caused enormous losses to various industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

The point of care ultrasound market report incorporates wide-ranging evaluation of the market. It also offers valuable insights into the segments. Latest trends and important drivers are all covered in the report. The study reveals dominant regions holding maximum share in the market. It also provides vital development and accomplishment of major companies across regions. Besides, the report also includes information about COVID-19 impact.

 

Market Driver:

 

Surging Demand for Outpatient Care to Incite Business Development

 

The shift from inpatient care to outpatient care is expected to have an outstanding impact on the global market during the forecast period. The higher adoption of POC ultrasound systems will enable speedy expansion of the market. Furthermore, the introduction of new treatment methods and technological developments in medical equipment will foster the market's healthy growth. The new government initiatives and patient preference will simultaneously improve the prospects of the industry in the foreseeable future. The gradual shift for outpatient care settings in retail clinics, urgent care centers, and ambulatory surgical centers will create lucrative opportunities for the market. However, lack of awareness about the highly advanced point of care ultrasound systems is expected to restrain the market's growth.

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