The Echocardiography Devices market is anticipated to grow positively as the growing demand for echocardiography devices is predominantly attributed to the increasing prevalence of cardiovascular diseases among people. Another contributing factor is the rise in the prevalence of lifestyle disorders such as hypertension and obesity. Furthermore, the rising prevalence of structural heart diseases and the inclusion of innovative technologies in new devices also play a key role in establishing an upward growth trend in the Echocardiography Devices market during the forecast period from 2022 to 2027.
According to the latest report published by DelveInsight, “Echocardiography Devices Market Insight,” the global Echocardiography Devices market is expected to witness appreciable growth owing to a surge in the prevalence of various cardiovascular diseases and the growing prevalence of lifestyle disorders such as obesity and hypertension among other reasons. In addition to the factors stated above, the increase in the prevalence of structural heart diseases is another contributing factor to the growth of echocardiography devices. This has further resulted in an increased interest among manufacturers in developing and launching products with innovative technologies such as Doppler imaging. This report will provide an in-depth understanding of the Echocardiography Devices market, further benefiting the competitors or stakeholders operating in the Echocardiography Devices market.
Echocardiography Devices
Echocardiography Devices use sound waves to create pictures of the heart. The test carried out by an echocardiography device is known as a cardiac ultrasound or a cardiac echo. These are of various types and help identify areas of the heart muscle that do not contract well because of poor blood flow or injury from a previous heart attack.
Echocardiography Devices are gaining popularity in diagnosing ailments associated with a cardiac origin. The demand for Echocardiography Devices is set to witness an increase owing to the increasing prevalence of cardiovascular disorders in the coming years.
Echocardiography Devices Market Insights
Geographically, the global echocardiography devices market is studied for North America, Europe, Asia-Pacific, and the Rest of the World. In terms of the largest market share, North America is expected to amass a significant revenue share in the global Echocardiography Devices market during the forecast period. Some of the factors responsible for the growth of the North American Echocardiography Devices market are the rising prevalence of cardiovascular diseases in the region, access to better healthcare infrastructure, better awareness about cardiovascular disorders among people, along with the presence of key manufacturers in the region are certain factors that are expected to contribute in the growth of the North American Echocardiography Devices market growth. However, the superiority of North America will be majorly challenged by the European Echocardiography Devices market.
Further, the Asia Pacific region has the future potential for the Echocardiography Devices market growth. This can be attributed to the sedentary and unhealthy lifestyle of the majority of the population in the region.
To know more about why North America is leading the market growth in the Echocardiography Devices market, get a snapshot of the report Echocardiography ECG Devices Market
Recent Developments in the Echocardiography Devices Market Report
- In September 2021, Us2.ai, a Singapore-based MedTech firm backed by Sequoia India and EDBI, received U.S. Food and Drug Administration (FDA) clearance for Us2.v1, a completely automated decision support tool for echocardiography.
- In October 2020, GE Healthcare received the U.S. FDA 510k clearance for their Ultra Edition package on Vivid cardiovascular ultrasound systems with new features based on artificial intelligence (AI) that enable clinicians to acquire faster, more repeatable exams.
- Thus, due to such market developments, there will be rapid growth observed in the Echocardiography Devices market during the forecast period.
To read more about the latest highlights related to Echocardiography Devices, get a snapshot of the key highlights entailed in the Echocardiography ECG Devices Market Report
Key Players in the Echocardiography Devices Market
The leading Echocardiography Devices companies such as Siemens Healthineers AG, General Electric Company, Koninklijke Philips N.V, ESAOTE SPA., Samsung Healthcare, SternMed GmbH, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, CANON MEDICAL SYSTEMS CORPORATION, FUJIFILM Corporation, Neusoft Corporation, MediSono, Clarius Mobile Health Corp., Whale Imaging., Shenzhen Ricso Technology Co., Ltd., CHISON Medical Technologies Co., Ltd., TELEMED UAB, Inc, ALPINION MEDICAL SYSTEMS Co., Ltd, and others are currently working in the Echocardiography Devices market.
Echocardiography Devices Market Dynamics
One of the prominent factors responsible for the Echocardiography Devices market growth is the rising prevalence of cardiovascular disorders. Another key factor leading the Echocardiography Devices market growth to prosperity is the increasing prevalence of structural heart diseases. Moreover, it was observed that echocardiography proved to be highly beneficial in COVID-19 patients in whom severe exacerbations of COVID-19 infections were observed. COVID-19 infection was reported to cause acute myocardial injury and chronic cardiovascular system damage in a certain subset of patients who were best diagnosed with the employment of echocardiography devices.
However, procedural complications associated with invasive echocardiography and the possibility of false-positive results may prove to be deterrents to the Echocardiography Devices market growth.
Additionally, the Echocardiography Devices market experienced a period of a temporary setback as lockdown restrictions were enforced as a necessary step to curb the spread of COVID-19. One of the important steps in this was the suspension of outpatient visits, and many healthcare facilities diverted their workflow to take care of the COVID-19 infection-related patient load. The lockdown restrictions massively impacted these devices’ production capacity and supply chain, which contained the Echocardiography Devices market growth for a short while during the pandemic. Nevertheless, the echocardiography devices market is in a recovery phase, and with the approval and administration of numerous COVID-19 vaccines around the world, activities in various fields, including healthcare services and public spaces being opened up, and the Echocardiography Devices market is predicted to grow at significant revenue during the forecast period.
Get a sneak peek at the Pocket Echocardiography Devices market dynamics @ Echocardiography ECG Devices Market Dynamics Analysis
Scope of the Echocardiography Devices Market Report
- Coverage: Global
- Study Period: 2019-2027
- Market Segmentation By Product Type – Portable and On-Platform
- Market Segmentation By Test Type – Transthoracic, Transesophagal, Stress, and Others
- Market Segmentation By Technology – 2D, 3D/4D, and Doppler Imaging
- Market Segmentation By End User – Hospitals, Diagnostics Centers, Ambulatory Surgical Centers
- Market Segmentation By Geography – North America, Europe, Asia-Pacific, and Rest of World
- Key Echocardiography Devices Companies – Siemens Healthineers AG (OTCMKTS: SMMNY), General Electric Company (NYSE: GE), Koninklijke Philips N.V (NYSE: PHG), ESAOTE SPA., Samsung Healthcare, SternMed GmbH, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, CANON MEDICAL SYSTEMS CORPORATION (OTCMKTS: TOSYY), FUJIFILM Corporation, Neusoft Corporation, MediSono, Clarius Mobile Health Corp., Whale Imaging, Shenzhen Ricso Technology Co., Ltd., CHISON Medical Technologies Co., Ltd., TELEMED UAB, Inc, ALPINION MEDICAL SYSTEMS Co.,Ltd, among others
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
DelveInsight Analysis: The Echocardiography Devices market size is expected to grow at a CAGR of 5.78% during the forecast period from 2022 to 2027.
Which MedTech key players in the Echocardiography ECG Devices market are set to emerge as the trendsetter explore @ Echocardiography Devices Companies
Table of Contents
| 1 | Report Introduction |
| 2 | Executive summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Key Factors Analysis |
| 5 | Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Echocardiography Devices Market |
| 7 | Echocardiography Devices Market Layout |
| 8 | Global Company Share Analysis – Key 3-5 Companies |
| 9 | Company and Product Profiles |
| 10 | Project Approach |
| 11. | About DelveInsight |
Interested in knowing how Echocardiography Devices Market will be growing by 2027? Click to get a snapshot of the Echocardiography ECG Devices Market Analysis
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