Press release
Cardiovascular Ultrasound Market 2024: Growth, Trends, Analysis, and Forecast to 2033
The cardiovascular ultrasound market size is expected to see strong growth in the next few years. It will grow to $3.18 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to focus on preventive healthcare, global aging population, value-based healthcare initiatives.. Major trends in the forecast period include advancements in imaging technology, artificial intelligence (ai) integration, point-of-care ultrasound (pocus) expansion, 3d/4d transesophageal echocardiography, telemedicine and remote monitoring, data management and connectivity..
Market Overview -
Cardiovascular ultrasound is a noninvasive diagnostic method that utilizes high-frequency sound waves to generate images of the heart and its associated blood vessels. This imaging approach allows medical practitioners to observe the heart's chambers, valves, walls, and blood vessels, offering comprehensive insights into its structure and performance.
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Rising Number Of Diagnostic Imaging Centers Fueling Cardiovascular Ultrasound Market Growth
An increasing number of diagnostic imaging centers is expected to boost the growth of the cardiovascular ultrasound market going forward. Diagnostic imaging centers are specialized healthcare facilities with advanced medical imaging technology to diagnose and monitor various medical conditions, such as cardiovascular diseases. Cardiovascular ultrasound, or echocardiography, is an essential diagnostic imaging modality used in diagnostic imaging centers to create real-time images of the heart and its blood vessels, allowing healthcare professionals to assess cardiac function and identify various cardiovascular conditions and abnormalities. For instance, in April 2022, according to the Department of Health and Social Care, a UK-based government department, 73 community diagnostic centers were in operation, conducting an additional 30,000 tests per week. These centers are projected to increase to 160 by 2025, reflecting a growth of 119.18%. Therefore, an increasing number of diagnostic imaging centers will drive the growth of the cardiovascular ultrasound market.
Competitive Landscape -
Major companies operating in the cardiovascular ultrasound market report are GE HealthCare Technologies Inc., Koninklijke Philips N.V., Siemens Healthineers AG, Hitachi Medical Corp., Samsung Medison Co. Ltd., Mindray Medical International Limited, Chison Wuxi Xiangsheng Medical Technology Co. Ltd., Fujifilm Sonosite Inc., Canon Medical Systems Corporation, Clarius Mobile Health, Dawei Medical (Jiangsu) Corp. Ltd., Esaote SpA, Fujifilm Holdings Corporation, Shenzhen Lanmage Medical Technology Co. Ltd., Leltek Inc., Telemed Ultrasound Medical Systems, Viatom Technology Co, Wuhan Zoncare Bio-medical Electronics Co. Ltd., Viatom Technology Co, Teratech Corporation, Shenzhen Bestman Instrument Co. Ltd., Biim Ultrasound AS, Leltek Inc., Dawei Medical (Jiangsu) Corp. Ltd., Wuhan Zoncare Bio-medical Electronics Co. Ltd., Shenzhen WELLD Medical Electronics Co. Ltd.
Portable Handheld Ultrasound Imaging System For Enhanced Cardiac And Vascular Assessments
Major companies operating in the cardiovascular ultrasound market are focusing on developing new handheld ultrasound imaging systems, such as Vscan Air SL, to provide reliable services to customers. The Vscan Air SL handheld ultrasound imaging system is a portable device that uses ultrasound waves to create images of the body's internal structures when connected to a tablet or smartphone. For instance, in August 2023, GE HealthCare Technologies Inc., a US-based provider of medical technology, pharmaceutical diagnostics, and digital solutions, launched Vscan Air SL. This portable, wireless ultrasound imaging system can be used for rapid cardiac and vascular assessments to speed up diagnosis and treatment choices. The integration of SignalMax and XDclear, imaging performance technologies, is a unique feature of this system that allows for high penetration, resolution, and sensitivity levels using single crystal transducer technology. The new SL version contains a sector-phased array transducer for quick cardiac tests. Clinicians can bring Vscan Air to every patient due to the Vscan Air app, which is accessible on Android and iOS smartphones.
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Key Segments -
The cardiovascular ultrasound market covered in this report is segmented -
1) By Type: Transthoracic Echocardiography, Transesophageal Echocardiography, Fetal Echocardiography, Other Types
2) By Technology: 2D, 3D Or 4D, Doppler
3) By Display: Black Or White (B/W), Color
4) By End-Use: Hospital, Diagnostic Centers, Ambulatory Care Centers, Other End-Uses
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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