Why is European Union (EU) Point-of-Care Ultrasound (PoCUS) Device Market Booming?
One of the major factors propelling the surge in the demand for point-of-care ultrasound (PoCUS) devices in the European Union (EU) is the increasing prevalence of lifestyle-related and chronic diseases, such as cancer and cardiovascular diseases (CVDs), in the region. As per the European Society of Cardiology, in 2017, the deaths caused due to CVDs came out to be 37% of the total deaths in the EU. The World Health Organization (WHO) had estimated the number of deaths caused by cancer to reach 1.4 million in the EU by the end of 2019, though the actual number might have been higher.
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There are two types of PoCUS devices available in the European Union, namely therapeutic and diagnostic, of which diagnostic devices recorded higher demand in 2018. This is mainly attributed to the large-scale utilization of these devices in point-of-care applications for the diagnosis of pericardial effusion, left ventricular systolic function, pleural effusion, pneumothorax, severe mistrial regurgitation, and pulmonary edema. Either of these devices can be compact/handheld or trolley/cart-based. The trolley/cart-based PoCUS devices recorded higher use than the handheld ones, in 2018, in the EU, as they are wheeled, so can be transported easily.
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In the EU, PoCUS devices are adopted in intensive care units (ICUs), cardiology, emergency medicine, anesthesia, vascular and urology, musculoskeletal, and obstetrics and gynecology (OB/GYN) departments. Amongst these, the highest demand for PoCUS devices is expected to be observed in the anesthesia administration process during the forecast period. This is mainly ascribed to the ballooning number of surgeries in the region and the ability of these devices to monitor the needle while being inserted into the patient’s body for administering anesthesia.
Therefore, it can be concluded that due to the rising prevalence of chronic diseases, soaring geriatric population, and rapid technological advancements in electronics, computing applications, and transducers, which have revolutionized ultrasound devices over the last few years, the demand for PoCUS devices is set to witness a huge surge in the coming years.