The POC Medical Imaging Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s POC Medical Imaging Global Market Report 2024, The poc medical imaging market size has grown steadily in recent years. It will grow from $1.34 billion in 2023 to $1.4 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to remote and underserved areas accessibility, increased prevalence of chronic diseases, improved connectivity and mobility, rise in telemedicine and remote consultation, focused government initiatives.
The poc medical imaging market size is expected to see steady growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to emergence of novel imaging modalities, investments in research and development, personalized and precision medicine, development of wireless connectivity, focus on rapid diagnostics. Major trends in the forecast period include ai-powered interpretation and analytics, remote monitoring and telemedicine, focus on cost-effectiveness, point-of-care testing expansion, development of smartphone-compatible devices.
The rising prevalence of chronic diseases is expected to propel the growth of the point-of-care medical imaging market going forward. The prevalence of chronic diseases refers to the proportion or number of individuals within a population who are affected by long-lasting health conditions at a given point in time. This shift has resulted from lifestyle choices, genetic predisposition, environmental factors, and aging populations. Point-of-care medical imaging helps treat chronic diseases by providing timely and on-site diagnostic information, enabling healthcare professionals to monitor disease progression, and guide treatment decisions. For instance, in September 2022, the World Health Organization, a Switzerland-based international public health organization, reported that chronic diseases were responsible for 74% of all deaths globally. Each year, around 17 million people die before the age of 70 due to chronic diseases, and 86% of the deaths among these happen in low- and middle-income countries. Further, chronic diseases are expected to increase to 70% and the global burden of disease to 56% by 2030. Therefore, the rising prevalence of chronic diseases is driving the growth of the point-of-care medical imaging market going forward.
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The poc medical imaging market covered in this report is segmented –
1) By Product: X-Ray, CT, Ultrasound
2) By Application: Cardiology, Gynecology Or Obstetrics, Oncology, Orthopedics, Neurology, Other Applications
3) By End-User: Hospitals, Clinics and Diagnostic Centers, Ambulatory Surgical Centers (ASCs), Home Care Settings
Advancements in artificial intelligence (AI) in healthcare are a key trend gaining popularity in the point-of-care medical imaging market. Companies operating in the point-of-care medical imaging market are developing artificial intelligence-integrated point-of-care medical imaging devices and tools to sustain their position in the market. For instance, in April 2021, GE HealthCare Technologies Inc., a US-based medical technology company, launched an AI-driven point-of-care ultrasound (POCUS) system named Venue Fit. Venue Fit offers cardiac imaging for point-of-care settings. This device has features such as scanning tools, a touch screen, and a small footprint. Venue Fit has an AI tool integrated, mainly used by clinicians as a real-time entity framework and integrated quality indicator.
The poc medical imaging market report table of contents includes:
1. Executive Summary
2. POC Medical Imaging Market Characteristics
3. POC Medical Imaging Market Trends And Strategies
4. POC Medical Imaging Market – Macro Economic Scenario
5. Global POC Medical Imaging Market Size and Growth
….
31. Global POC Medical Imaging Market Competitive Benchmarking
32. Global POC Medical Imaging Market Competitive Dashboard
33. Key Mergers And Acquisitions In The POC Medical Imaging Market
34. POC Medical Imaging Market Future Outlook and Potential Analysis
35. Appendix
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