According to the research report titled ‘Point of Care Ultrasound Market Size By Type (Diagnostic Devices, Therapeutic Devices), By Portability (Trolley Based Devices, Handheld Devices), By Application (Emergency Medicine, Cardiology, Obstetrics & Gynaecology, Urology, Vascular Surgery, Musculoskeletal), By End-use (Hospitals, Clinics, Maternity Centres, Ambulatory Surgical Centres), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027,’ available with MarketStudyReport, global point of care ultrasound market is estimated to log colossal returns during 2021-2027.

Widespread adoption of the system in emergency care units, soaring birth rates across the world, and numerous medical technological advancements in emerging economies are parameters enhancing the growth of global point of care ultrasound industry.

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For those unaware, point of care ultrasound is used for physical assessment by primary care providers to examine vague symptoms. It is specifically used in detecting pathological findings in patients.

Moreover, rising burden of diseases in the growing geriatric population will propel the development of market. 

Despite the optimistic outlook, irregular reimbursement policies are likely to impede the progress of market in the coming years. 

In terms of product type, the therapeutics segment held a 34% revenue share in 2020 and is expected to record robust growth during the forecast period, owing to the soaring demand in the healthcare sector in the last few years.

As per portability type, the trolley based devices vertical of worldwide point of care ultrasound market accounted for USD 2 billion in 2020 and is slated to grow tremendously during the analysis period. 

Based on application scope, the emergency medicine segment is poised to expand at 7.3% CAGR during the projected timeline.

For end-use ambit, the maternity centers segment is slated to register a 7.3% CAGR during the review period, given the high demand from maternity centers as it confirms the pregnancy to expecting parents.

Speaking of geographical outlook, Latin America market retained a 10% revenue share in 2020 and is predicted to garner significant traction during the assessment timeframe, attributed to the surging cases of different ailments found across several countries in the region. 

The prominent companies in global point of care ultrasound market include Fukuda Denshi Co. Ltd., Canon Medical Systems Corporation, Samsung Medison Co. Ltd., Esaote SpA, Siemens Healthineers AG, Fujifilm Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., B. Braun Medical Inc., Koninklijke Philips N.V., and GE Healthcare Systems among others.