What are Key Factors Causing Boom of Point-of-Care Ultrasound Device Market?

1. Point-of-Care Ultrasound Devices Market to Witness 7.4% CAGR during 2020–2030 © P&S Intelligence. All rights reserved Page 1

2. As per a report by P&S Intelligence, the global point-of-care ultrasound (PoCUS) devices market is predicted to reach a value of $4,494.4 million in 2030, rising from $2,096.6 million in 2019, progressing at a 7.4% CAGR during 2020–2030. A major factor leading to the growth of the market is the increasing number of investments that are being made in the healthcare sector by a number of countries. When portability is taken into consideration, the point-of-care ultrasound devices market is divided into compact/handheld and trolley/cart-based, between which, the trolley/cart-based division held the major share of the market in 2019. These devices are being adopted for a wide range of applications in large healthcare settings, such as emergency care settings and acute care settings. Moreover, the demand for these devices is increasing from developing countries because of the rising healthcare expenditure, which is leading to the growth of the division. Receive Sample Copy of this Report:https://www.psmarketresearch.com/market-analysis/pocus- device-market/report-sample On the basis of type, the point-of-care ultrasound devices market is categorized into therapeutic and diagnostic, between which, the therapeutic category is predicted to grow at a faster pace in the years to come. The demand for therapeutic devices is growing in clinical applications, including emergency care, cosmetic surgery, and pain management, owing to the fact that they increase tissue relaxation, scar tissue breakdown, and blood flow. The European region dominated the point-of-care ultrasound devices market in 2019 due to the increasing prevalence of chronic diseases, technological advancements, and rising healthcare expenditure. As per the World Health Organization, cancer is the second major cause of morbidity and death in Europe, and account for about 1.9 million deaths every years. Therefore, the need for cost- effective and innovative diagnostic solutions, such as PoCUS devices, is increasing at a swift pace in the region. Make an Enquiry before Purchase:https://www.psmarketresearch.com/send-enquiry?enquiry- url=pocus-device-market Companies operating in the domain are relying on strategic partnerships and mergers for remaining competitive. Some of the key companies operating in the point-of-care ultrasound devices market are Mindray Bio-Medical Electronics Co. Ltd., Esaote S.p.A, Analogic Corporation, Fujifilm Holdings Corporation, Siemens AG, Koninklijke Philips N.V., Samsung Electronics Co. Ltd., and Hitachi Ltd. © P&S Intelligence. All rights reserved Page 2

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