What are Major Factors Driving Growth of EU Point-of-Care Ultrasound Device Market?

The European Union (EU) point-of-care ultrasound (PoCUS) device market is predicted to generate a revenue of $230.9 million by 2024. Furthermore, the market would advance at a CAGR of 6.1% between 2019 and 2024.
 
NOIDA, Armenia - July 22, 2021 - PRLog -- The European Union (EU) point-of-care ultrasound (PoCUS) device market is predicted to generate a revenue of $230.9 million by 2024. Furthermore, the market would advance at a CAGR of 6.1% between 2019 and 2024, as per the estimates of (https://www.psmarketresearch.com/market-analysis/eu-pocus-device-market) P&S Intelligence, a market research company based in India. The main factors driving the market advancement are the rising incidence of chronic diseases, the increasing geriatric population, and the ballooning public awareness of the various benefits of portable ultrasound devices.

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The soaring population of geriatric people is a major factor fueling the expansion of the market. This is because of the huge requirement for advanced medical devices, among the geriatric people, on account of the fact that they are usually more vulnerable to chronic diseases than younger individuals. The point-of-care ultrasound (PoCUS) devices enable the proper diagnosis and treatment of various diseases. For instance, with the help of these devices, healthcare professionals can non-invasively detect urinary incontinence in geriatric people.

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Moreover, the organization predicts that the number of deaths caused because of cancer would increase to 1.4 million in this region by December 2019. This would massively push up the demand for PoCUS devices in the region in the coming years. When portability is taken into consideration, the European Union PoCUS device market is divided into compact/handheld and trolley/cart-based PoCUS devices. Between these, the trolley/cart-based PoCUS devices recorded higher growth in the market in the past.

In the future years, the European Union point-of-care ultrasound (PoCUS) device market would register the fastest growth in Germany. This would be a result of the soaring geriatric population in the country. According to the findings of the United Nations World Ageing Report, which was published in 2017, the geriatric population of the country accounted for a share of 28.0% of the total population in that year. Furthermore, this share would increase to 37.6% by 2050, as per the report.

Hence, it can be safely concluded from the above paragraphs that the market would demonstrate huge expansion in the forthcoming years, primarily because of the soaring geriatric population and the growing incidence of lifestyle-associated and chronic diseases in the region.

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Tags:Ultrasound Device Market
Industry:Medical
Location:Noida - Shirak - Armenia
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