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European Union Point-of-Care Ultrasound Device Market 2019-2024
DUBLIN, Sept. 11, 2019 /PRNewswire/ -- The "European Union Point-of-Care Ultrasound Device Market Research Report: By Type, Portability, Application, Regional Insight - Industry Analysis and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The European Union point-of-care ultrasound (PoCUS) device market is predicted to attain a size of $230.9 million by 2024, advancing at a 6.1% CAGR during the forecast period.
The major factors responsible for the growth of the market are the surging prevalence of chronic diseases, rising awareness on the benefits of portable ultrasound devices, technological developments in PoCUS devices, surging aging population, and increasing spending on healthcare. On the basis of portability, the market is bifurcated into compact/handheld and trolley/cart-based devices.
Out of these, in 2018, the trolley/cart-based bifurcation held the larger revenue share of more than 70.0% in the market. These devices are easy to carry from one place to another and are being widely adopted in big healthcare settings for emergency and acute care. Based on application, the European Union point-of-care ultrasound device market is categorized into anesthesia, intensive care unit, cardiology, obstetrics and gynecology, emergency medicine, vascular and urology, and musculoskeletal.
Among these, the anesthesia category is predicted to hold more than 20.0% share in the European Union PoCUS device market, and it is predicted to progress at a CAGR of 7.1% during the forecast period, owing to the rising volume of surgeries in the nation. This is attributed to the fact that before performing any surgery, anesthesia is given to a person, and PoCUS devices are used here to monitor the insertion of the needle in the body while administering anesthesia. The anesthesia category is further divided into focused cardiac, airway, lung, chronic pain, abdominal, and others.
Out of these, owing to the growing incidence of cardiac diseases, the focused cardiac ultrasound division is expected to hold a share more than 25.0% by 2024 in the EU PoCUS device market. Various key players operating in the market are acquiring others to expand their product line. For instance, in June 2018, Analogic Corporation, the parent company of BK Medical Holding Company Inc., was purchased by Altaris Capital Partners LLC, a healthcare investment firm. After this, Analogic's ultrasound product portfolio was reoffered under the brand name BK Medical.
The strategic move was made by Analogic Corporation to ensure its growth in the market. Further, the European Union point-of-care ultrasound device market is witnessing the launch of new products, including technologically superior portable/handheld devices.
For instance, in June 2018, Hologic Inc. publicized the availability of its Viera portable breast ultrasound systems in the U.S. and Europe. With this system, physicians are able to diagnosis various diseases at an early stage. The handheld device delivers high-resolution images directly on a smart device at the point of care, which optimizes the patient pathway and clinical workflow.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.2 By Portability
4.1.3 By Application
18.104.22.168.1 Focused cardiac ultrasound
22.214.171.124.2 Lung ultrasound
126.96.36.199.3 Airway ultrasound
188.8.131.52.4 Abdominal ultrasound
184.108.40.206.5 Chronic Pain
220.127.116.11.3 Procedure guidance
18.104.22.168.4 Therapeutic and monitoring
22.214.171.124 Emergency medicine
126.96.36.199 Vascular and urology
4.2 Market Dynamics
188.8.131.52 Surge in geriatric population
184.108.40.206 Increasing prevalence of chronic diseases
220.127.116.11 Technological advancements in PoCUS devices
18.104.22.168 Increasing awareness about the benefits of portable ultrasound devices
22.214.171.124 Increasing healthcare expenditure
126.96.36.199 Impact analysis of drivers on market forecast
188.8.131.52 Lack of skilled sonographers
184.108.40.206 Stringent regulatory norms
220.127.116.11 Impact analysis of restraints on market forecast
18.104.22.168 Increasing awareness and growing adoption of PoCUS devices in EU countries
4.3 Porter's Five Forces Analysis
4.4 Regulatory Scenario for PoCUS Devices
4.5 Pricing Analysis
Chapter 5. EU Market Size and Forecast
5.1 By Type
5.2 By Portability
5.3 By Application
5.3.1 PoCUS Device Market for Anesthesia, by Type
5.3.2 PoCUS Device Market for ICU, by Type
5.4 By Country
Chapter 6. Germany Market Size and Forecast
Chapter 7. France Market Size and Forecast
Chapter 8. U.K. Market Size and Forecast
Chapter 9. Italy Market Size and Forecast
Chapter 10. Spain Market Size and Forecast
Chapter 11. Denmark Market Size and Forecast
Chapter 12. Poland Market Size and Forecast
Chapter 13. Netherlands Market Size and Forecast
Chapter 14. Competitive Landscape
14.1 Product Offerings of Key Market Players
14.2 Key Applications of PoCUS Devices Offered by Major Players
14.3 Strategic Developments of Key Market Players
14.3.1 Product Launches
14.3.3 Other Developments
Chapter 15. Company Profiles
- Fujifilm Holdings Corporation
- Samsung Electronics Co. Ltd.
- Koninklijke Philips N.V.
- Canon Medical Systems Corporation
- Hologic Inc.
- General Electric Company
- Alpinion Medical Systems Co. Ltd.
- Esaote S.p.A.
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- BK Medical Holding Company Inc.
- Hitachi Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/n4tb8e
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