Press release
The Booming Echocardiography Market: Revenue to Surpass US$ 2.2 Billion by 2030
The COVID-19 pandemic has brought unprecedented challenges to the healthcare industry, including echocardiography laboratories and service providers. With patients suffering from heart diseases being at high risk of COVID-19 infection, maintaining a robust supply of echocardiography devices has become crucial to prevent compromise on patient care and diagnosis. In response, stakeholders in the echocardiography market are ramping up efforts to develop automated echo analysis systems and point-of-care (POC) devices. This article explores the innovative advancements and potential impact of the evolving echocardiography market on patient care and diagnostic accuracy.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=51537&utm_source=OpenPR_Ajay&utm_medium=OpenPR
๐๐๐๐ผ๐บ๐ฎ๐๐ฒ๐ฑ ๐๐ฐ๐ต๐ผ ๐๐ป๐ฎ๐น๐๐๐ถ๐ ๐๐ต๐ฟ๐ผ๐๐ด๐ต ๐ ๐ฎ๐ฐ๐ต๐ถ๐ป๐ฒ ๐๐ฒ๐ฎ๐ฟ๐ป๐ถ๐ป๐ด:
The echocardiography market is projected to witness remarkable growth, with an estimated revenue crossing US$ 2.2 billion by 2030. To address the growing demand for efficient and accurate echo analysis, med-tech companies are leveraging machine learning (ML) algorithms. These algorithms use signal processing techniques to analyze medical ultrasound data and interpret echocardiograms. However, the challenge lies in developing robust systems suitable for clinical settings, especially for point-of-care testing. Companies are investing heavily in research and development to advance the field of automatic echo analysis.
๐๐-๐ฃ๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ฃ๐ผ๐ถ๐ป๐-๐ผ๐ณ-๐๐ฎ๐ฟ๐ฒ ๐จ๐น๐๐ฟ๐ฎ๐๐ผ๐๐ป๐ฑ:
In recent years, cardiac ultrasound vendors have introduced new products that leverage artificial intelligence (AI) to automate echocardiography functions. EchoNous, a software development company, has gained recognition for its Kosmos system, which integrates AI with handheld ultrasound, empowering physicians to make quick decisions at the point of care. The development of AI apps capable of calculating ejection fraction in seconds is revolutionizing medical diagnosis, providing auto labeling, guiding, and grading during cardiac scanning.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ -
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๐๐ฑ๐๐ฎ๐ป๐ฐ๐ฒ๐บ๐ฒ๐ป๐๐ ๐ถ๐ป ๐ฃ๐๐น๐๐ฒ ๐๐ผ๐ฝ๐ฝ๐น๐ฒ๐ฟ ๐ง๐ฒ๐ฐ๐ต๐ป๐ผ๐น๐ผ๐ด๐:
As handheld ultrasound gains popularity in the echocardiography market, pulse Doppler technology is playing a pivotal role in improving heart image resolution. Reliable probes inserted into the esophagus can now effectively detect and monitor the boundary between the inner edge of the myocardium and the blood pool. These innovations enable more accurate assessments of blood supply to different regions of the heart walls, enhancing the precision of echocardiography outcomes.
๐ ๐ถ๐ป๐ถ๐ฎ๐๐๐ฟ๐ฒ ๐ฃ๐ฟ๐ผ๐ฏ๐ฒ๐ ๐ณ๐ผ๐ฟ ๐๐ผ๐ฟ๐ผ๐ป๐ฎ๐ฟ๐ ๐๐ฟ๐๐ฒ๐ฟ๐ ๐๐ถ๐๐ฒ๐ฎ๐๐ฒ ๐๐ถ๐ฎ๐ด๐ป๐ผ๐๐ถ๐:
In a bid to displace angiography as the gold standard for coronary artery disease diagnosis, companies are pioneering miniature probes that can be inserted into the heart through the coronary vasculature. By characterizing tissues through which the ultrasound signal has passed, these probes have the potential to identify tumors and differentiate between scar tissue and ischemic myocardium. Echocardiography's detailed assessments of heart ventricle movement are making it a direct competitor to nuclear cardiology.
๐๐๐๐๐ฟ๐ฒ ๐ฃ๐ฟ๐ผ๐๐ฝ๐ฒ๐ฐ๐๐ ๐ฎ๐ป๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ ๐ฝ๐ฎ๐ป๐๐ถ๐ผ๐ป:
Echocardiography innovations, particularly in automation, AI, and point-of-care ultrasound, are transforming patient care in the post-COVID-19 landscape. The market is expected to grow at a modest CAGR of around 4% during the forecast period. For AI and ML techniques to gain widespread acceptance, they must navigate challenging regulatory approval processes. Large trials and robust evidence of their prognostic value are essential before commercializing these technologies in clinical settings. Additionally, virtual face-to-face training for clinicians and their teams holds great promise for expanding the echocardiography market in the coming years.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ -ย
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The echocardiography market is witnessing a paradigm shift in diagnostic accuracy and patient care through automation, AI integration, and point-of-care testing. Med-tech companies are investing heavily in research and development to deliver efficient, accurate, and user-friendly echocardiography devices. With advancements in technology and the rise in cardiovascular diseases worldwide, the global echocardiography market is poised for significant growth. These innovations hold the potential to revolutionize cardiac care, improve diagnostic accuracy, and ultimately enhance patient outcomes.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
๐๐๐ฉ๐ญ๐ข๐๐ ๐๐ก๐๐ซ๐๐ฉ๐๐ฎ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
https://www.globenewswire.com/en/news-release/2023/04/14/2647305/0/en/Peptide-Therapeutics-Market-Size-to-Hit-USD-91-25-Bn-by-2031-TMR-Study.html
๐๐ฅ๐จ๐จ๐ ๐๐๐ฌ๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
https://www.globenewswire.com/en/news-release/2023/04/14/2647267/0/en/Blood-Testing-Market-to-Reach-USD-218-2-Bn-by-2032-Growing-at-a-9-6-CAGR-TMR-Study.html
๐๐จ๐ง๐ ๐๐ฌ๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ๐ญ ๐ ๐๐ข๐ฅ๐ฎ๐ซ๐ ๐๐ซ๐ฎ๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
https://www.globenewswire.com/en/news-release/2023/04/13/2646759/0/en/Congestive-Heart-Failure-Drugs-Market-Size-to-Cross-USD-13-5-Bn-Revenue-by-2031-TMR-Study.html
๐๐ฏ๐ผ๐๐ ๐จ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐
Nikhil Sawlani
Transparency Market Research Inc.
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