South Africa PoC Ultrasound Market
South Africa Point-of-Care (PoC) Ultrasound Market Size Set to Grow at Steady CAGR of 6.8% Touching USD 36.1 Million by 2029
Published | 21 November 2023
South Africa Point-of-Care (PoC) ultrasound market is flourishing due to a growing demand for portable and accessible medical imaging solutions, increasing healthcare infrastructure development, rising prevalence of chronic diseases, and the need for rapid diagnostic capabilities in remote or underserved areas, all contributing to market expansion.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the South Africa Point-of-Care (PoC) ultrasound market size at USD 22.77 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the South Africa Point-of-Care ultrasound market size to grow at a significant CAGR of 6.8% reaching a value of USD 36.09 million by 2029. South Africa Point-of-Care (PoC) ultrasound market is influenced by the increasing prevalence of diseases and the need for rapid and accurate diagnostic tools drive market growth. Advancements in technology have made portable ultrasound devices more accessible and user-friendly, further boosting demand. The rising healthcare infrastructure and awareness, along with government initiatives to improve healthcare access, play a significant role in market expansion. Further, the COVID-19 pandemic has underscored the importance of Point-of-Care (PoC) ultrasound in critical care settings, driving its adoption. Overall, the market is poised for growth due to these factors and the increasing demand for Point-of-Care (PoC) ultrasound solutions in South Africa.
Point-of-Care (PoC) Ultrasound Market - Overview
Point-of-Care (PoC) Ultrasound Market refers to the healthcare industry segment focused on portable and compact ultrasound devices used for immediate patient diagnosis and monitoring at the bedside. This market has experienced significant growth due to its convenience and accuracy in various medical settings, including emergency rooms, clinics, and ambulances. It offers real-time imaging and aids in quick decision-making by healthcare professionals. Factors like technological advancements, increased awareness, and rising demand for Point-of-Care (PoC) diagnostics have contributed to the market's expansion, with a growing emphasis on miniaturization and user-friendliness of ultrasound devices.
Impact of COVID-19 on South Africa Point-of-Care (PoC) Ultrasound Market
The COVID-19 pandemic significantly impacted the Point-of-Care (PoC) ultrasound market in South Africa. The pandemic underscored existing healthcare disparities, disproportionately affecting PoC individuals who faced higher infection rates, limited access to healthcare facilities, and increased mortality rates. In this context, PoC ultrasound devices became crucial in providing rapid and accessible diagnostic solutions, especially in underserved communities. The demand for portable and easy-to-use ultrasound devices soared, enabling healthcare professionals to perform quick assessments at the PoC, reducing the need for unnecessary hospital visits and minimizing the risk of virus transmission. Additionally, the pandemic accelerated technological advancements in the PoC ultrasound market, fostering innovations like telemedicine applications and AI-driven diagnostic tools, further enhancing accessibility and accuracy of healthcare services for PoC communities. Despite the challenges posed by the pandemic, the PoC ultrasound market demonstrated resilience and adaptability, playing a pivotal role in bridging healthcare disparities and improving outcomes for PoC individuals by ensuring timely and efficient diagnostic interventions.
South Africa Point-of-Care (PoC) Ultrasound Market – By Application
Based on application, South Africa point-of-care (PoC) ultrasound market is divided into Emergency medicine, Cardiology, Obstetrics and Gynecology, Oncology surgery, Urology, Vascular surgery, and Musculoskeletal segments. Cardiology stands out as a significant focus area for PoC ultrasound usage, reflecting the importance of this technology in diagnosing and monitoring heart-related conditions. While Emergency medicine, Obstetrics & Gynecology, Oncology Surgery, Urology, Vascular Surgery, and Musculoskeletal segments also play crucial roles, the Cardiology segment takes precedence due to the critical role ultrasound plays in assessing heart health and cardiovascular conditions, making it a prominent and integral part of the South African healthcare landscape.
South Africa point-of-care (PoC) ultrasound market is fiercely competitive. Major companies in the market include Analogic Corporation, CANON MEDICAL SYSTEMS CORPORATION, ESAOTE SPA, Siemens Healthcare GmbH, GE Healthcare, Koninklijke Philips NV, Siemens Healthcare, and B.Braun. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in South Africa Point-of-Care (PoC) ultrasound market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of South Africa Point-of-Care (PoC) Ultrasound Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in South Africa Point-of-Care (PoC) Ultrasound Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- South Africa Point-of-Care (PoC) Ultrasound Market, By Type (Diagnostic Devices, Therapeutic Devices); By Mobility (Trolley-based Devices, Hand-held Devices); By Application (Emergency Medicine, Cardiology, Obstetrics & Gynecology, Oncology Surgery, Urology, Vascular Surgery, Musculoskeletal); By End User (Hospitals, Clinics, Ambulatory Surgical Center), Competitive Landscape & Forecast, 2019–2029
Publish Date: November 2023
Increasing demand for portable and convenient diagnostic tools, rising healthcare infrastructure, expanding applications in various medical specialties, and the need for rapid and accurate medical imaging in resource-constrained settings, all contributing to market growth contributing to the growth of the South Africa Point-of-Care (PoC) Ultrasonic Market during the forecast period between 2023 and 2029.
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