Press release
Global Cardiovascular Ultrasound Market Value Projected to Expand by 2029
The global cardiovascular ultrasound market is estimated to be valued at US$ 1,541.75 million in 2022 and expected to reach US$ 2,362.24 million by 2030, witnessing a CAGR of 5.5% over the forecast period (2022-2030).With the aid of high-frequency reflected sound, cardiovascular ultrasonography is a noninvasive medical method used to assess heart function. During the technique, ultrasonic sound waves are sent out at a high, inaudible frequency using a transducer (like a microphone). The ultrasonic sound waves travel through the skin and other human tissues to the heart tissues and are reflected by the heart structures when the transducer is placed on the chest at precise positions and angles. A computer is then used to translate these sound waves into moving pictures of the heart's walls and valves.
Technology advances, the advantages of echocardiography over invasive cardiac diagnostic techniques, and the rise in cardiovascular disease prevalence are the main drivers of the cardiovascular ultrasound market's growth (CVDs). Additionally, because this technology is noninvasive, it is well-liked by patients and shortens hospital stays, which supports market expansion. The market's expansion is hampered by issues including the economic impact of certifying new technology and the inadequate reimbursement situation. Manufacturers have profitable potential thanks to technological developments in cardiac-specific technologies such tissue enhancements, lateral gain control, enhanced dynamic flow, tissue Doppler, and stress echo.
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Top key players of The Global Cardiovascular Ultrasound Market:
• General Electric
• Koninklijke Philips
• TOSHIBA
• Hitachi
• SAMSUNG
• FUJIFILM Holdings
• Esaote
• Shenzhen Mindray Bio-Medical Electronics
• Siemens
• Analogic
Market: By Types
• Transthoracic Echocardiogram
• Transesophageal Echocardiogram
• Stress Echocardiogram
Market: By Applications
• Hospitals
• Cardiology Centers
• Ambulatory
• Home Care
• Ambulatory Centers
Global Cardiovascular Ultrasound Market: Regional Analysis
The countries covered in the regional analysis of the Global Cardiovascular Ultrasound market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Cardiovascular Ultrasound market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Cardiovascular Ultrasound would help in identifying future applications in this market.
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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