Cardiac Ultrasound, or Echocardiography, utilizes ultrasound waves for diagnostic imaging of the heart. Global Cardiovascular Ultrasound Market was valued at USD 1.45 billion in 2016 and is anticipated to generate USD 1.72 billion in 2023 growing with a CAGR of approximately 6.3% during the forecast period 2017-2023. Global Cardiovascular Ultrasound information, by type (Transthoracic, Trans esophageal, Echocardiograms, Stress, Abdominal Vasculature ultrasound), by imaging technology (2D, 3D, Color Doppler) by end user (hospitals and clinics, diagnostic centers and others) – Forecast to 2023
Lower cost as compared to computed tomography and magnetic resonance imaging are critical economic factors of the market. The high quality and real-life images produced by 3D cardiovascular ultrasound coupled with the detailed representation afforded by cardiovascular ultrasound are the leading clinical drivers of the market. Further technological advantage is being afforded by Doppler ultrasound which has found applications in cardiac and metabolic disease diagnosis. Increase incidence of cardiovascular diseases, growing demand for noninvasive treatment, rise in risk factors such as smoking, sedentary lifestyles, alcoholism, fatty and saturated food intake and others also drive the market. Miniaturization and portability have resulted in application of cardiovascular ultrasound for remote telecardiology programs in inaccessible areas.
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Cardiovascular Ultrasound Market – Key Players
Some of the key players in this market are:
- GE Healthcare (U.S.)
- Philips Healthcare (The Netherlands)
- Siemens Healthcare (Germany)
- Hitachi Medical Corporation (Japan)
- Toshiba Medical Systems Corporation (Japan)
Cardiovascular Ultrasound Market – Segmentation
To generate a comprehensive understanding of the Market the Global Cardiovascular Ultrasound Market has been segmented on the basis of type, imaging technology and end user.
Type – transthoracic echocardiograms, trans esophageal echocardiogram, abdominal vasculature echocardiogram, stress echocardiogram and others
Imaging Technology – 2D, 3D and Color Doppler.
End User – hospitals and clinics, diagnostic centers and others.
Global Cardiovascular Ultrasound Market – Regional Analysis
The report has been segmented into four regions of America, Europe, Asia-Pacific and Middle East and Africa. North America is led by the U.S. is the largest market for cardiovascular ultrasound imaging. Fast uptake of new technology, high per capita income and large cardiopathy population coupled with large at-risk population are drivers of the U.S. market. The Centers for Disease Control and Prevention estimates approximately 73.5 million adults U.S. population with high cholesterol level.
Asia Pacific is expected to generate fastest market growth led by China and India. The growing menace of diabetes especially in the Indian market are factors favorable to the growth of Asia-Pacific market. The Cardiovascular Ultrasound Market is expected to generate moderate growth in the Middle East and Africa. The Middle East and Africa market is expected to be skewed in favor of the gulf economies of Saudi Arabia, UAE, Kuwait and others.
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