Why Is Portable Ultrasound Device Adoption Rising around the World?
Each year, cancer kills 9.6 million people, while heart diseases (CVDs) kill 17.9 million people, says the World Health Organization (WHO). These massive mortality rates and incidence of chronic diseases are leading to more hospitalizations each year, which is giving a strong push to the global healthcare industry. New medical facilities are being constructed, while the existing ones are being advanced and expanded. Now, one of the most essential steps to treating any disease, chronic or acute, is effective diagnosis.
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Because of the increasing hospitalizations and rising public awareness about effective diagnosis, the demand for medical imaging tests is growing. P&S Intelligence credits these two factors while projecting a massive increase in the portable ultrasound device market size in the years to come. An ultrasound scanner is one of the most common pieces of equipment at medical centers, as it helps doctors look inside the body for anomalies. Apart from the incidence of disease, the population is growing too, and regular ultrasound studies are one of the most important aspects of the prenatal regimen.
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Presently, Europe is the largest portable ultrasound device market due to the increasing healthcare spending and rising prevalence of chronic diseases. Plus, the PoCUS concept is already blossoming in the continent, which is leading to the rising sales of such medical imaging devices. Apart from Europe, the industry also has a bright future in North America, which accounts for a rather high per capita healthcare spending and the most-advanced medical infrastructure in the world. Moreover, government reimbursement programs such as Medicare and Medicaid make healthcare cost-effective and easily accessible.
Hence, as the number of people being hospitalized increases and healthcare infrastructure improves around the world, the use of portable ultrasound will rise too.
This study covers
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings