In 2021, the global market for Point-of-Care Medical Imaging was valued at USD 1.30 billion. AMR Group predicts that the market will reach $1.74 billion by 2031, expanding at a 5% CAGR between 2023 and 2033.
Medical imaging is vital in modern healthcare because it allows doctors and healthcare professionals to view inside patients’ bodies and make a range of diagnoses. Imaging procedures have traditionally been performed in specialized radiology departments with large, stationary equipment. Point-of-care medical imaging, on the other hand, is the consequence of the field’s evolution in response to the desire for faster and more practical diagnostic tools. Point-of-care medical imaging involves the use of portable imaging equipment at the patient’s bedside or nearby, avoiding the need to transport patients to specialized imaging facilities.
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This strategy transforms healthcare delivery by allowing for immediate access to diagnostic data, particularly in emergency situations, critical care settings, and locations with limited access to advanced medical equipment. The concept of point-of-care imaging is aligned with the larger trend of personalized medicine, in which interventions and treatments are tailored to the specific needs of individual patients.
Point-of-Care Medical Imaging Market Segmentation
By Region
- North America (U.S., Canada)
- Europe (U.K., Germany, France, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (South Africa, Saudi Arabia, Rest of Middle East & Africa)
Key Players
- GE Healthcare,
- Koninklijke Philips N.V,
- Siemens Healthineers,
- Canon Medical Systems Corporation,
- Fujifilm Holdings Corporation,
- Carestream Health, Inc,
- Samsung Medison Co., Ltd
Growth Factors
By bringing imaging capabilities directly to the patient, medical providers may start making recommendations for relevant treatments and interventions very rapidly. The emergence of cutting-edge technologies like artificial intelligence (AI) and machine learning (ML), the rising incidence of chronic diseases, the increasing investment in healthcare infrastructure, the growing population, the increasing number of regulatory approvals, and the growing number of government initiatives are some of the factors driving the point-of-care medical imaging market.
Product Insight
The worldwide point-of-care medical imaging market is divided into three segments based on product type: X-ray, CT, and ultrasound. The ultrasound category is likely to lead the market over the forecast period. Point-of-care ultrasound (POCUS) is the use of ultrasound technology at or near the patient’s bedside to offer real-time imaging and diagnosis. It has grown in popularity across numerous medical disciplines because to its mobility, simplicity, and capacity to provide quick visual information for clinical decision-making. POCUS has changed the way healthcare practitioners evaluate and treat patients in a variety of settings, including emergency departments, critical care units, outpatient clinics, and distant sites.
Furthermore, as market participants debut new products, there is likely to be a large scope for sector expansion throughout the study period. For example, Konica Minolta Healthcare Americas, Inc. announced a new wireless portable ultrasound equipment, PocketPro H2, in July 2023, to be used in point-of-care applications for general imaging. As a result, the increasing demand for portable ultrasound equipment is expected to boost the segment’s growth.
Regional Trend
To better understand market trends and potential, the Point-of-Care (POC) Medical Imaging market may be broken down by region. Some of the important geographies for the POC medical imaging industry are:
North America is a large market for point-of-care medical imaging, with the United States driving expansion. The area is home to numerous key market players, and the growing usage of portable and handy medical equipment is driving market expansion there. Europe is another big market for point-of-care medical imaging, with Germany, France, and the United Kingdom all contributing significantly to growth. The region has a well-developed healthcare infrastructure and is home to numerous top producers of point-of-care medical imaging technologies.
Asia-Pacific: The Asia-Pacific region is predicted to see considerable expansion in the point-of-care medical imaging market, driven by increased demand for portable and handy medical equipment, as well as an increase in chronic illness prevalence. Countries such as China and India are likely to contribute significantly to regional market growth. Middle East and Africa: The Middle East and Africa area is also seeing an increase in demand for point-of-care medical imaging equipment as the prevalence of chronic illnesses rises and investment in healthcare infrastructure grows.
Latin America is a rising market for point-of-care medical imaging, with key contributors including Brazil and Mexico. The area is seeing increased investment in healthcare infrastructure, which is boosting market growth. Regional analysis may assist organizations in the POC medical imaging market in identifying new possibilities and tailoring their marketing and distribution strategies to fit the demands of clients across many areas. Understanding regional market dynamics may also assist businesses manage regulatory and reimbursement laws, as well as identifying possible hurdles to market entrance.
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Scope of the Report
This research includes in-depth analysis and projections for the Point-of-Care Medical Imaging Market, including historical, current, and future views. Market estimates are based on a thorough research approach that includes primary research, secondary research, and consultation with subject matter experts.
The estimates are based on current market dynamics, such as economic, social, and political aspects, as well as regulatory frameworks, government spending, and R&D trends. The assessments take into account both positive and negative market forces, resulting in a comprehensive perspective of the market landscape.
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