Cardiovascular Ultrasound Market By Global Top Key Players, Share, Size, Demand, Opportunities, Sale Area, Revenue Analysis Forecast Outlook 2028
Cardiovascular ultrasound or imaging allows healthcare
professionals to monitor changes in heart structure to detect the presence of
any abnormality or medical conditions such as diabetes, hypertension or other
cardiovascular diseases. The global cardiovascular ultrasound market is
estimated to strike a CAGR of 6.3% over the forecast period of 2017-2023,
predicts Market Research Future (MRFR). After extensively analysing the market
MRFR expects the global cardiovascular ultrasound market to attain a valuation
of USD 1.72 Bn by the end of 2023 which stood at USD 1.45 Bn in 2016.
Cardiovascular diseases continue to be among the top reasons
for hospitalization and deaths across the globe. Surging prevalence of heart
diseases requires early detection of such diseases to allow physicians to
provide timely treatment. The global Cardiovascular
Ultrasound Market is expanding against the backdrop of an alarming
increase in the incidence rate of heart diseases. Cardiovascular ultrasound
techniques such as echocardiography, angiography, nuclear cardiac imaging,
computed tomography, cardiac positron emission tomography (cardiac PET) and
cardiac magnetic resonance imaging (cardiac MRI) are extensively used for the
determination of any abnormalities. Not only are these methods effective but
also non-invasive which has led to increased adoption of these methods.
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Competitive Landscape
Philips Healthcare (The Netherlands), Toshiba Medical
Systems Corporation (Japan), Siemens Healthcare (Germany), Hitachi Medical
Corporation (Japan), and GE Healthcare (U.S.) are the key players in the global
cardiovascular ultrasound market.
Segmentation
The global cardiovascular ultrasound market has been
segmented based on type of imaging, imaging technology, and end user.
By type of imaging, the global cardiovascular
ultrasound market has been segmented into transthoracic, trans esophageal,
echocardiograms, stress, and abdominal vasculature ultrasound imaging.
By imaging technology, the global cardiovascular
ultrasound market has been segmented into 2D, 3D and Colour Doppler.
By end user, the global cardiovascular ultrasound
market has been segmented into hospitals and clinics, diagnostic centres and
others.
Regional Analysis
By region, the global cardiovascular ultrasound market has
been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle
East & Africa (MEA).
North America is the largest market for cardiovascular
ultrasound market. High prevalence of cardiovascular diseases and robust
healthcare infrastructure supports the growth of the market in the region.
Moreover, high healthcare expenditure, favorable reimbursement policies, and
the presence of various medical device manufacturers in the region also acts as
a plus for the growth of the market.
APAC is expected to be the fastest growing market for
cardiovascular ultrasound market. Surging prevalence of cardiovascular diseases
and the presence of a massive patient pool are factors driving growth within
the APAC market. In addition, diabetes is also a common prevalent condition in
the region which exposes patients at greater risk of acquiring heart diseases.
High expenditure on healthcare infrastructure and government support for the
same us fostering the growth of the market in the region.
Industry Updates
July 2018- The U.S. FDA cleared a new device for
transesophageal echocardiogram, TEECAD System. The device has been developed by
Visura Technologies, a medical device company which allows viewing the upper
airway and esophagus. The device is equipped with a single-use disposable
camera which can capture high-resolution ultrasound images of the heart valves
and atria.
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