The Worldwide Point of Care Ultrasound System Industry is Expected to Reach $1.94 Billion by 2027: Multiple Uses Associated with Point of Care Ultrasounds Such as Therapeutics Drives Growth - ResearchAndMarkets.com

The "Global Point of Care Ultrasound System Market (2022-2027) by Mobility, Type, Application, End-Users, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Point of Care Ultrasound System Market is estimated to be USD 1.3 Bn in 2022 and is expected to reach USD 1.94 Bn by 2027, growing at a CAGR of 8.29%.

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors.

There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing risks.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Point of Care Ultrasound System Market. Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Point of Care Ultrasound System Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Point of Care Ultrasound System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

• Rising Geriatric Population and Increasing Prevalence of Chronic Diseases
• Growing Number of Patients in Emergency Care
• Multiple Uses Associated with Point of Care Ultrasounds Such as Therapeutics

Restraints

• Lack of Awareness regarding Highly Advanced Point of Care Ultrasound Systems among People

Opportunities

• Continuous Introduction of Innovative Technologies
• Rising Penetration of PoCUS Device Manufacturers in Emerging Economies

Challenges

• Lack of Skilled Professionals

Market Segmentation

The Global Point of Care Ultrasound System Market is segmented based on Mobility, Type, Application, End-Users, and Geography.

• By Mobility, the market is classified into Handheld Devices and Trolley Based Devices.
• By Type, the market is classified into Diagnostic Devices and Therapeutic Devices.
• By Application, the market is classified into Cardiology, Emergency Medicine, Musculoskeletal, Obstetrics and Gynecology, Oncology Surgery, Urology, and Vascular Surgery.
• By End-Users, the market is classified into Ambulatory Surgical Center, Clinics, and Hospital.
• By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Companies Mentioned

• Alpinion Medical Systems Co., Ltd.
• Butterfly Network, Inc.
• Canon Medical Systems Corp.
• Chison Medical Technologies Co., Ltd.
• Esaote SpA
• FUJIFILM Sonosite, Inc
• GE Healthcare
• Healcerion Co., Ltd.
• Hologic, Inc.
• Koninklijke Philips NV
• Samsung Electronics Co. Ltd.
• Shenzhen Landwind Industry Co., Ltd
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Siemens Healthcare GmbH
• Terason Division Teratech Corp.

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