Point-of-Care Lung Ultrasound Imaging Market Size (2024 – 2030)

The Global Point-of-Care Lung Ultrasound Imaging Market was valued at USD 419.90 million and is projected to reach a market size of USD 743.28 million by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 8.5%.

Impact of COVID-19 on the Point-of-Care Lung Ultrasound Imaging Market:

Point-of-care lung ultrasound imaging has been significantly impacted by the COVID-19 pandemic. There has been an increased need for point-of-care ultrasound imaging as a rapid and non-invasive diagnostic technique for identifying lung involvement in COVID-19 patients due to the pandemic's rise in respiratory diseases. Moreover, point-of-care ultrasound imaging has developed into a crucial tool for telemedicine and remote patient monitoring due to the requirement for social isolation and the elimination of unnecessary hospital visits. There are now shortages of ultrasound materials and equipment as a result of the pandemic's disruption of production and supply networks. Budget cuts and decreased healthcare spending are other pandemic-related economic effects that may hinder the uptake of new ultrasound technology in some areas.

Market Overview:

Point-of-care lung ultrasound imaging employs high-frequency sound waves to instantly visualise the anatomy and function of the lungs in a non-invasive, radiation-free imaging method. The capacity of this imaging modality to deliver prompt and precise diagnoses at the bedside, particularly in emergency settings, has contributed to its recent growth in popularity. In the next years, the need for portable and user-friendly imaging equipment, the incidence of respiratory disorders, and technological advances are likely to propel the growth of the worldwide point-of-care lung ultrasound imaging market.

Point-of-Care Lung Ultrasound Imaging Market Drivers:

Portable and easy-to-use imaging devices boost the growth of the market:

The growing need for portable and user-friendly imaging equipment is one of the main market factors for point-of-care lung ultrasound imaging. This is vital in emergency settings because the success of the patient depends on a prompt and precise diagnosis. As they are portable and can deliver immediate findings at the bedside, portable ultrasound machines are growing in popularity. They are less expensive than conventional imaging modalities, require little training, and are user-friendly. These devices' portability also makes them perfect for usage in distant or resource-constrained locations where there is limited access to medical institutions and conventional imaging technology. This makes it possible to identify and treat respiratory disorders early, which improves patient outcomes and lowers healthcare expenses.

The rising prevalence of respiratory diseases drives the market growth:

Asthma, chronic obstructive pulmonary disease (COPD), pneumonia, and lung cancer are just a few of the respiratory illnesses that are becoming more and more common. This is a major market factor for point-of-care lung ultrasound imaging. The World Health Organization (WHO) reports that respiratory illnesses caused 7.7% of all fatalities worldwide in 2019. By delivering prompt and precise diagnoses that allow physicians to make knowledgeable decisions about patient treatment, point-of-care ultrasound imaging has been demonstrated to enhance patient outcomes and save healthcare costs. There is less need for invasive procedures and imaging modalities when point-of-care ultrasonography is used for the diagnosis and treatment of respiratory disorders, which lowers the risk of complications and lowers healthcare expenditures.

Point-of-Care Lung Ultrasound Imaging Market Challenges:

Limited reimbursement policies restrain the market growth:

One of the key challenges facing the point-of-care lung ultrasound imaging market is the limited reimbursement policies for this imaging modality. Reimbursement policies vary by region and are often limited to certain indications and settings, making it difficult for healthcare providers to offer point-of-care ultrasound services. This is particularly challenging for smaller healthcare providers who may not have the financial resources to invest in this technology without adequate reimbursement. The lack of consistent reimbursement policies for point-of-care ultrasound also creates uncertainty for manufacturers, making it difficult to invest in research and development for new products and technologies.

The lack of standardization results in the slowdown of the market:

Lack of uniformity in ultrasound operator training and certification is another major issue facing the industry for point-of-care lung imaging. This may result in inconsistent picture quality and interpretation, which may result in missed diagnoses and unfavourable patient outcomes. While there are organisations that offer ultrasound operators training and certification, there isn't agreement on the minimal amount of training and certification needed for various clinical purposes. Because of this, it may be challenging for healthcare providers to guarantee that their staff members are competent and appropriately educated to do point-of-care ultrasonography, which might result in inconsistent practice and inconsistent results.  A lack of standardisation also makes it difficult for manufacturers to create and produce goods that satisfy the demands of healthcare providers and operators, which results in a lack of uniformity in product specs and performance.

POINT-OF-CARE LUNG ULTRASOUND IMAGING MARKET REPORT COVERAGE:

Point-of-Care Lung Ultrasound Imaging Market Segmentation – By Technology

• Diagnostic Ultrasound Systems

  • 2D

  • 3D & 4D

  • Doppler Imaging

• Therapeutic Ultrasound Systems

  • High-Intensity Focused Ultrasound Imaging

  • Extracorporeal Shockwave Lithotripsy (ESWL)

By technology segment, the diagnostic ultrasound systems segment accounted for the largest share in 2022 and is anticipated to maintain its dominance during the forecast period. This large share is due to the advantage of the system that provides remarkable insights for the soft tissues without exposing patients to ionizing radiation.

Point-of-Care Lung Ultrasound Imaging Market Segmentation – By Product

• Portable Ultrasound Devices

• Handheld Ultrasound Devices

Due to its extensive usage in hospitals and other critical care environments, where high-quality imaging and advanced features are required, the portable ultrasound equipment sector commands the market in terms of revenue. Larger clinical environments including outpatient clinics, emergency rooms, and operating rooms can also benefit from the usage of portable equipment. Nevertheless, compared to the handheld devices category, where demand is mostly driven by established healthcare institutions with established capital equipment budgets, the growth rate for this market is anticipated to be rather moderate.

Compared to the portable devices segment, the handheld ultrasound devices market is anticipated to increase more quickly. This development can be ascribed to elements including rising COVID-19 prevalence, rising portable and handheld device demand for point-of-care imaging, and improvements in handheld ultrasound technology that are making them more user-friendly and cheap. Smaller clinical settings, rural locations with limited resources, telemedicine, and remote patient monitoring are all excellent uses for handheld devices. Furthermore, the affordability of mobile devices makes them a desirable choice for healthcare professionals who want to maximise their resources while delivering high-quality treatment.

Point-of-Care Lung Ultrasound Imaging Market Segmentation – By End-User

• Hospitals

• Clinics

• Ambulatory Surgical Center

• Others

Hospitals are the largest end-users of point-of-care lung ultrasound imaging devices, accounting for the majority of the market share. This can be attributed to the high prevalence of respiratory diseases, critical care settings, and emergency situations in hospitals, where an accurate and timely diagnosis is essential. Moreover, hospitals have established budgets for capital equipment and are likely to invest in high-end, feature-rich devices such as portable ultrasound machines. Clinics are the second-largest end-users of point-of-care lung ultrasound imaging devices. These include outpatient clinics, community health centers, and other primary care facilities. The demand for point-of-care imaging in clinics is increasing as healthcare systems look to optimize care delivery, reduce costs, and improve patient outcomes. Handheld ultrasound devices are particularly well-suited for use in clinics, as they are portable, affordable, and user-friendly. Ambulatory surgical centers are also emerging as significant end-users of point-of-care lung ultrasound imaging devices. These centers perform a wide range of surgical procedures, many of which require accurate imaging to guide the surgical team. 

Point-of-Care Lung Ultrasound Imaging Market Segmentation – By Region

• North America

• Europe

• Asia-Pacific

• Rest of the World

Due to factors including the high frequency of respiratory disorders, a developed healthcare system, and a good reimbursement environment, North America is the region with the greatest market for point-of-care lung ultrasound imaging equipment. Point-of-care lung ultrasound imaging equipment sales in Europe are the second-largest in the world, because of reasons including expanding senior populations, increased healthcare spending, and the presence of well-established healthcare infrastructure. Due to factors including a sizable patient population, rising healthcare spending, and rising public awareness of the advantages of point-of-care imaging, the Asia Pacific area is the region with the fastest-growing market for point-of-care lung ultrasound imaging equipment. The Middle East and Africa region is also a growing market for point-of-care lung ultrasound imaging devices, driven by factors such as increasing healthcare spending, a growing patient population, and rising awareness about the benefits of point-of-care imaging

Point-of-Care Lung Ultrasound Imaging Market - Key Players

Here are some of the top key players in the point-of-care lung ultrasound imaging market:

1. General Electric Company
2. Koninklijke Philips N.V.
3. Fujifilm Holdings Corporation
4. Canon Inc.
5. Siemens Healthineers AG
6. Samsung Medison Co. Ltd.
7. Mindray Bio-Medical Electronics Co. Ltd.
8. Clarius Mobile Health
9. Butterfly Network Inc.
10. Terason Corporation