The Cardiovascular Ultrasound Market Anticipated to Progress at $2194.06 Million by 2028

According to a report by Triton Market Research, the global cardiovascular ultrasound market will attain $1450.86 million by 2021. It is expected to register a CAGR of 6.12% by 2028.

A recent study by Triton Market Research titled 'Global Cardiovascular Ultrasound Market' includes Global Analysis and Forecast by Type (Transthoracic Echocardiography, Fetal Echocardiography, Transesophageal Echocardiography, Other Types), by Display (Color, Black and White), by Technology (2D, 3D/4D, Doppler), by End-user (Diagnostic Centers, Hospitals, Ambulatory Care Centers, Other End-users), and Regional Outlook (Asia-Pacific, North America, Latin America, Middle East and Africa, and Europe).

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Triton's market research report indicates that the global cardiovascular ultrasound market is set to surge at a CAGR of 6.12%, reaching a revenue of $2194.06 million by 2028.

The factors such as an increase in cardiovascular disease cases and technological developments are driving the market growth. Every year, 17.9 million people die from CVDs, with 85% of the diseases being caused due to heart attack and stroke. The elevating number has driven the demand for cardiac ultrasound systems, thereby fueling market growth.

However, the lack of awareness among patients and stringent regulations can impede market growth. Besides, regulatory policies and approval procedures vary across different regions, leading to a delay in product launches, thus impacting the market penetration of new products.

The cardiovascular ultrasound market is divided into the display, technology, type and end-users. The type segment is branched into transthoracic echocardiography, fetal echocardiography, transesophageal echocardiography, and other types. The display segment is bifurcated into color and black and white. The technology segment is classified into 2D, 3D/4D and Doppler. Lastly, the end-user segment comprises diagnostic centers, hospitals, ambulatory care centers, and other end-users.

Globally, the Asia-Pacific is expected to be the fastest-growing market in the considered phase. The market growth is attributed to the rise in the prevalence of cardiovascular diseases and the resultant mortality rates. Factors like demographic changes, changes in lifestyles, living environments, socioeconomics, prevalence of CVD risk factors, etc., have increased disease burden.

Whereas, the mortality rates have increased continuously in both men and women, at 10.8 million deaths in 2019. As a result, the demand for cardiac ultrasound systems has surged in the region, which is estimated to propel the market towards growth.

The established companies in the cardiovascular ultrasound market are Esaote S.p.A., GE Healthcare, Samsung Medison Co Ltd, Mindray Medical International Limited, Siemens Healthineers, Telemed Ultrasound Medical Systems, Philips Healthcare, Viatom Technology Co, Dawei Medical, Zoncare, Canon Medical Corp, Clarius, Lanmage, Leltek Inc, and Fujifilm Holdings Corporation.

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Question & Answer: Cardiovascular Ultrasound Market

Question 1: What factor is fueling the cardiovascular ultrasound market growth?

Answer: The factors such as an increase in cardiovascular disease cases and technological developments are driving the market growth. Every year, 17.9 million people die from CVDs, with 85% of the diseases being caused due to heart attack and stroke. The elevating number has driven the demand for cardiac ultrasound systems, thereby fueling market growth.

Question 2: Which factors impede the growth of the cardiovascular ultrasound market?

Answer: The lack of awareness among patients and stringent regulations can impede market growth. Besides, regulatory policies and approval procedures vary across different regions, leading to a delay in product launches, thus impacting the market penetration of new products.

Question 3: Which region is expected to be the fastest-growing in the global market?

Answer: Globally, the Asia-Pacific is expected to be the fastest-growing market in the considered phase. The market growth is attributed to the rise in the prevalence of cardiovascular diseases and the resultant mortality rates. Factors like demographic changes, changes in lifestyles, living environments, socioeconomics, prevalence of CVD risk factors, etc., have increased disease burden.

Whereas, the mortality rates have increased continuously in both men and women, at 10.8 million deaths in 2019. As a result, the demand for cardiac ultrasound systems has surged in the region, which is estimated to propel the market towards growth.

Question 4: Which are the established companies in the cardiovascular ultrasound market?

Answer: The established companies in the cardiovascular ultrasound market are Esaote S.p.A., GE Healthcare, Samsung Medison Co Ltd, Mindray Medical International Limited, Siemens Healthineers, Telemed Ultrasound Medical Systems, Philips Healthcare, Viatom Technology Co, Dawei Medical, Zoncare, Canon Medical Corp, Clarius, Lanmage, Leltek Inc, and Fujifilm Holdings Corporation.

Related Report:

Global Mobile Imaging Services - https://www.tritonmarketresearch.com/reports/mobile-imaging-services-market

The global market for mobile imaging services was worth $1.16 billion in 2020 and is predicted to be worth $2.07 billion by 2028, rising at a CAGR of 4.62% between 2021 and 2028.

The rapid increase in the aging population in developing and established nations is driving the demand for mobile imaging services. As a result of the expanding elderly population, the prevalence of chronic diseases such as heart disease, cancer, and diabetes has increased. Thus, it is crucial to provide them with high-quality healthcare.

Mobile imaging devices aid in early disease diagnosis, and are also portable, which is largely beneficial for echocardiography systems. Mobile ultrasound equipment and handheld ultrasound equipment are versatile diagnostic imaging modalities that are perfectly suitable for smaller diagnostic clinics and point-of-care applications. They are largely used in the field of cardiology and vascular health.

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