According to a new market intelligence report by BIS Research titled “Global Point of Care imaging devices Market – Analysis & Forecast 2020-2030”, The global point of care (PoC) imaging devices market was valued at $8.66 billion in 2019 and is expected to reach $19.84 billion by the end of 2030, clocking a CAGR of 8.70%, during the forecast period.
BIS Research Report - https://bisresearch.com/industry-report/point-of-care-imaging-devices-market.html
The diagnostic imaging technology ecosystem is facing significant changes in its market dynamics as new methodologies, technologies, and practices are currently being introduced in the market. The ecosystems are going through a period of amendments, driven by increasing demand for emerging technologies and its adoption in the healthcare sector. Several other factors ranging rising aging population to secure economic development in the emerging nations too are driving the growth of the PoC imaging devices market.
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Some of the key drivers for the growth of the point of care (PoC) imaging devices market include growing need for more patient convenience, increased healthcare spending by countries to ramp up their healthcare infrastructure, and higher preference due to economic consideration.
PoC imaging devices are aimed at ensuring minimum inconvenience for patients. Thus, point of care imaging devices can be used at a patient’s bedside. The places include hospitals, ambulatory surgical centers, and also their homes. The use of handheld devices allows the scan to be performed at the patients’ homes, reducing or eliminating the need for hospital visits and is particularly useful for elderly patients. Furthermore, the use of handheld PoC enabled devices is now more relevant due to the ongoing COVID-19 pandemic.
The PoC imaging devices market comprises some of the leading players in the medical imaging ecosystem. These include Siemens Healthineers, Koninklijke Philips N.V., General Electric Company, Shimadzu Corporation, Fujifilm Holdings Corporation, Samsung Electronics Co., Ltd., Canon Inc., and Digirad Corporation, among others. Additionally, there has been an increasing number of start-ups in the market which are gaining prominence or are expected to launch their product soon, including Butterfly Network, Inc., Hyperfine Research, and Perimeter Medical Imaging, among others.
The answers to the following key questions can be derived from this report:
· What are the key regulations governing the Point-of-Care (PoC) Imaging devices market?
· What are the key technological developments on which the current industry leaders are spending a major share of their R&D investment?
· How is the role of PoC imaging devices expected to evolve in the future?
· What level of impact will the COVID-19 crisis have on the market in terms of change in demand and the functioning of the supply chain?
· Which leading players are holding a major share of the PoC imaging devices market?
· What are the current business models and key strategies adopted by leading players, and how likely are those models to persist in future market scenarios?
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