U.S. Point-of-Care Ultrasound MarketU.S. Point-of-Care Ultrasound Market Strategic Insights: Analysis 2024 and Forecasts 2032
U.S. Point-of-Care Ultrasound Market by Product (Cart-based, Compact & Hand-held), by End User (Hospitals, Clinics, Others), by Forecast 2024-2032
Base Year: 2023
100 Pages
U.S. Point-of-Care Ultrasound Market Strategic Insights: Analysis 2024 and Forecasts 2032
Key Insights
The U.S. Point-of-Care Ultrasound Market size was valued at USD 399.6 USD million in 2023 and is projected to reach USD 975.60 USD million by 2032, exhibiting a CAGR of 13.6 % during the forecast period.In the U.S., the Point-of-Care (POC) Ultrasound market is made up of portable handheld ultrasound devices that are used for immediate diagnosis and imaging of the patient at the bedside, in an area outside the imaging departments. These techs are deployed in diversified medical settings from emergency to primary care for the detection and evaluation of trauma, cardiac conditions, and other purposes such as guiding procedures. Two main developments in the market are the miniaturization of and increased portability of ultrasound devices, the integration of AI into image interpretation, and the rising adoption of handheld and wireless ultrasound. In line with the reality of patients seeking fast and reliable tests, the U.S. Point-of-care ultrasound Market will witness tremendous growth which aspires to provide cutting-edge solutions to enhance patients’ care and results.
U.S. Point-of-Care Ultrasound Trends
- Growing adoption of point-of-care ultrasound in emergency departments, intensive care units, and operating rooms.
- Increasing use of ultrasound in primary care settings for early disease detection and monitoring.
- Integration of artificial intelligence and machine learning algorithms to improve image quality and diagnostic accuracy.
Driving Forces: What's Propelling the U.S. Point-of-Care Ultrasound Market
- Increased demand for non-invasive and cost-effective diagnostic tools.
- Technological advancements in ultrasound technology, such as 3D/4D imaging and contrast-enhanced ultrasound.
- Growing awareness of the benefits of point-of-care ultrasound in reducing patient waiting times and improving patient outcomes.
Challenges and Restraints in U.S. Point-of-Care Ultrasound Market
- Lack of skilled sonographers in some healthcare settings.
- High cost of ultrasound equipment and maintenance.
- Limited reimbursement for point-of-care ultrasound procedures.
Emerging Trends in U.S. Point-of-Care Ultrasound
- Integration of point-of-care ultrasound with other diagnostic tools, such as stethoscopes and electrocardiography.
- Development of wearable and portable ultrasound devices for use in remote patient monitoring.
- Increased use of augmented reality and virtual reality in ultrasound imaging for training and educational purposes.
Growth Catalysts in U.S. Point-of-Care Ultrasound Industry
- Expanded regulatory approval for point-of-care ultrasound devices, broadening clinical applications and adoption.
- Government initiatives to promote the adoption of point-of-care ultrasound in underserved communities, particularly in rural and remote areas.
- Strategic partnerships between healthcare providers and ultrasound manufacturers to develop and implement innovative solutions, tailored to specific clinical needs.
- Technological advancements in cloud computing and data analytics to enhance image storage, interpretation, and collaboration among healthcare professionals.
Market Segmentation: U.S. Point-of-Care Ultrasound Analysis
Product:
- Cart-based: GE Healthcare, Philips, FUJIFILM Sonosite
- Compact & Hand-held: ALPINION MEDICAL SYSTEMS, Hitachi, Mindray
End User:
- Hospitals: 60% market share
- Clinics: 30% market share
- Others: 10% market share
Leading Players in the U.S. Point-of-Care Ultrasound Market
- GE Healthcare (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- FUJIFILM Sonosite, Inc. (U.S.)
- ALPINION MEDICAL SYSTEMS Co., Ltd. (South Korea)
- Hitachi Ltd. (Japan)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- EDAN Instruments (China)
- TERASON DIVISION TERATECH CORPORATION (U.S.)
- CHISON Medical Technologies Co., Ltd. (China)
- Healcerion Co., Ltd. (South Korea)
Significant Developments in U.S. Point-of-Care Ultrasound Sector
- GE Healthcare's launch of the Venue Go, a portable and affordable point-of-care ultrasound system designed for use in primary care and emergency settings.
- Philips' acquisition of Butterfly Network in 2022, strengthening its portfolio of handheld ultrasound devices and expanding its reach into the consumer healthcare market.
- FUJIFILM Sonosite's introduction of the Sonosite iViz, a handheld ultrasound system with advanced imaging capabilities and workflow optimization features.
Comprehensive Coverage U.S. Point-of-Care Ultrasound Market Report
The U.S. Point-of-Care Ultrasound Market Report provides:
- Market size estimates and forecasts
- Key trends and driving forces
- Market segmentation analysis
- Competitive landscape analysis
- Emerging technologies and future opportunities
Regional Insight
The U.S. remains the largest market for point-of-care ultrasound, with a significant share of global revenue. This dominance is driven by the country's advanced healthcare infrastructure, high prevalence of chronic diseases, and government initiatives to improve healthcare accessibility.
DROCT
Drivers:
- Technological advancements
- Increasing demand for non-invasive diagnostics
- Rising healthcare expenditure
Restraints:
- High cost of equipment
- Limited skilled sonographers
Opportunities:
- Integration with other diagnostic tools
- Development of wearable and portable devices
- Government initiatives to promote adoption
Challenges:
- Lack of reimbursement for point-of-care ultrasound procedures
Pricing Analysis
The price of point-of-care ultrasound systems varies depending on the product type, features, and manufacturer. Cart-based systems typically cost more than compact or handheld systems. The cost of maintenance and accessories should also be considered.
Import And Export Analysis
The U.S. is a net importer of point-of-care ultrasound systems. Major import sources include China, Japan, and South Korea. Exports are primarily to developing countries in Latin America, Africa, and Asia.
Segmentation
The U.S. point-of-care ultrasound market is segmented by product, end user, and region. The product segment includes cart-based and compact & handheld systems. The end user segment includes hospitals, clinics, and other settings. The regional segment includes the Northeast, Midwest, South, and West regions.
Patent/Trademark Analysis
There are numerous patents and trademarks related to point-of-care ultrasound technology. Major patent holders include GE Healthcare, Philips, and FUJIFILM Sonosite. Several ultrasound manufacturers have also registered trademarks for their products, such as "SonoSite" and "Butterfly iQ."
U.S. Point-of-Care Ultrasound Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 13.6% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Significant R&D Investment by Market Players to Boost Market Growth
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Point-of-Care Ultrasound Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Product
- 5.1.1. Cart-based
- 5.1.2. Compact & Hand-held
- 5.2. Market Analysis, Insights and Forecast - by End User
- 5.2.1. Hospitals
- 5.2.2. Clinics
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1.
- 5.1. Market Analysis, Insights and Forecast - by Product
- 6. Northeast U.S. Point-of-Care Ultrasound Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Product
- 6.1.1. Cart-based and Compact & Hand-held
- 6.2. Market Analysis, Insights and Forecast - By End User
- 6.2.1 Hospitals
- 6.2.2 Clinics
- 6.2.3 and Others
- 7. Southeast U.S. Point-of-Care Ultrasound Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Product
- 7.1.1. Cart-based and Compact & Hand-held
- 7.2. Market Analysis, Insights and Forecast - By End User
- 7.2.1 Hospitals
- 7.2.2 Clinics
- 7.2.3 and Others
- 8. Midwest U.S. Point-of-Care Ultrasound Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Product
- 8.1.1. Cart-based and Compact & Hand-held
- 8.2. Market Analysis, Insights and Forecast - By End User
- 8.2.1 Hospitals
- 8.2.2 Clinics
- 8.2.3 and Others
- 9. Southwest U.S. Point-of-Care Ultrasound Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Product
- 9.1.1. Cart-based and Compact & Hand-held
- 9.2. Market Analysis, Insights and Forecast - By End User
- 9.2.1 Hospitals
- 9.2.2 Clinics
- 9.2.3 and Others
- 10. West U.S. Point-of-Care Ultrasound Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Product
- 10.1.1. Cart-based and Compact & Hand-held
- 10.2. Market Analysis, Insights and Forecast - By End User
- 10.2.1 Hospitals
- 10.2.2 Clinics
- 10.2.3 and Others
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 GE HealthCare (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Koninklijke Philips N.V. (Netherlands)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 FUJIFILM Sonosite Inc. (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 ALPINION MEDICAL SYSTEMS Co. Ltd. (South Korea)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Hitachi Ltd. (Japan)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (China)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 EDAN Instruments (China)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 TERASON DIVISION TERATECH CORPORATION (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 CHISON Medical Technologies Co. Ltd. (China)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Healcerion Co. Ltd. (South Korea)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 Butterfly Network Inc. (U.S.)
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.12 Becton Dickinson
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT Analysis
- 11.2.12.4. Recent Developments
- 11.2.12.5. Financials (Based on Availability)
- 11.2.13 and Company (U.S.)
- 11.2.13.1. Overview
- 11.2.13.2. Products
- 11.2.13.3. SWOT Analysis
- 11.2.13.4. Recent Developments
- 11.2.13.5. Financials (Based on Availability)
- 11.2.14 Zimmer MedizinSysteme GmbH (Germany)
- 11.2.14.1. Overview
- 11.2.14.2. Products
- 11.2.14.3. SWOT Analysis
- 11.2.14.4. Recent Developments
- 11.2.14.5. Financials (Based on Availability)
- 11.2.15 Advanced Instrumentations (Florida)
- 11.2.15.1. Overview
- 11.2.15.2. Products
- 11.2.15.3. SWOT Analysis
- 11.2.15.4. Recent Developments
- 11.2.15.5. Financials (Based on Availability)
- 11.2.16 DRE Medical (U.S.)
- 11.2.16.1. Overview
- 11.2.16.2. Products
- 11.2.16.3. SWOT Analysis
- 11.2.16.4. Recent Developments
- 11.2.16.5. Financials (Based on Availability)
- 11.2.17 DRAMIŃSKI S. A. (Poland)
- 11.2.17.1. Overview
- 11.2.17.2. Products
- 11.2.17.3. SWOT Analysis
- 11.2.17.4. Recent Developments
- 11.2.17.5. Financials (Based on Availability)
- 11.2.1 GE HealthCare (U.S.)
List of Figures
- Figure 1: U.S. Point-of-Care Ultrasound Market Revenue Breakdown (USD million, %) by Product 2023 & 2031
- Figure 2: U.S. Point-of-Care Ultrasound Market Value Share (%), by Product 2023 & 2031
- Figure 3: U.S. Point-of-Care Ultrasound Market Value Share (%), by End User 2023 & 2031
- Figure 4: U.S. Point-of-Care Ultrasound Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by Product 2018 & 2031
- Table 2: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by End User 2018 & 2031
- Table 3: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by Region 2018 & 2031
- Table 4: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by Product 2018 & 2031
- Table 5: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by End User 2018 & 2031
- Table 6: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by Region 2018 & 2031
- Table 7: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by Product 2018 & 2031
- Table 8: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by End User 2018 & 2031
- Table 9: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by Country 2018 & 2031
- Table 10: Northeast U.S. Point-of-Care Ultrasound Market Revenue (USD million) Forecast, by Application 2018 & 2031
- Table 11: Southeast U.S. Point-of-Care Ultrasound Market Revenue (USD million) Forecast, by Application 2018 & 2031
- Table 12: Midwest U.S. Point-of-Care Ultrasound Market Revenue (USD million) Forecast, by Application 2018 & 2031
- Table 13: Southwest U.S. Point-of-Care Ultrasound Market Revenue (USD million) Forecast, by Application 2018 & 2031
- Table 14: West U.S. Point-of-Care Ultrasound Market Revenue (USD million) Forecast, by Application 2018 & 2031
- Table 15: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by Product 2018 & 2031
- Table 16: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by End User 2018 & 2031
- Table 17: U.S. Point-of-Care Ultrasound Market Revenue USD million Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 13.6% from 2018-2032 |
| Segmentation |
|
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