Point-of-Care Ultrasound Device Industry is Dominated by Europe

As stated in a report by P&S Intelligence, a market research firm, the  point-of-care ultrasound devices market will grow at a rate of 7.9% in the years to come, to reach USD 4,546.5 million by 2030.

To learn more about this report: https://bit.ly/3HOh9bO

The increasing healthcare costs, increasing elderly population, emerging healthcare infra, and growing occurrence of chronic diseases will propel the growth of the industry.

Diagnostic devices will have the larger share in the industry. This has a lot to do with the growing usage of these devices in pericardial effusion, ultrasound for left ventricular systolic function, and severe mitral regurgitation, in addition to pneumothorax, pleural effusion, and pulmonary edema.

Europe had the highest revenue share in the point-of-care ultrasound devices market , and it will be like this in the years to come. The regional market is powered by the high incidence of chronic ailments, growing healthcare spending, and progressions in technology. 

Also, the booming elderly population is driving the growth of the industry in Europe, as it is more vulnerable to diseases.

As per the World Population Ageing 2019, about 140.4 million people were aged 65 years or above in Europe in 2019, and it will reach to a value of 199.9 million by 2050.

The industry is rather fragmented, with the occurrence of more than a few key players. Stalwarts of the market are focusing on strategic partnerships and mergers for being competitive in the market.

It is because of the increasing elderly population, the demand for point-of-care ultrasound devices will continue to grow in the years to come.