Echocardiography Market Size, Growth Analysis | Forecast

The new report published by The Business Research Company, titled ""Echocardiography Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the echocardiography market size has grown strongly in recent years. It will grow from $1.65 billion in 2023 to $1.78 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The echocardiography market size is expected to see strong growth in the next few years. It will grow to $2.33 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.

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Rising Incidence Of Cardiovascular Illnesses
The rising incidence of cardiovascular illnesses is expected to propel the growth of the echocardiography market going forward. Cardiovascular illnesses, also known as cardiovascular diseases (CVDs), refer to a group of disorders that affect the heart and blood vessels. Echocardiography is a critical diagnostic tool in the assessment and management of cardiovascular illnesses which uses ultrasound technology to create detailed images of the heart's structure, chambers, valves, and blood flow patterns. For instance, in May 2023, according to the Centers for Disease Control and Prevention (CDC), a US-based government agency, about 805,000 people in the United States have a heart attack every year. Over 695,000 people in the United States died from heart disease in 2021, accounting for 1 out of every 5 deaths. In the United States, 1 person dies from cardiovascular disease every 33 seconds. Therefore, the rising incidence of cardiovascular illnesses is driving the growth of the echocardiography market.

Increasing Focus On Technological Developments To Drive The Revenues
Major companies operating in the echocardiography market are developing technologies, such as VeriSight Pro, to gain a competitive edge in the market. VeriSight Pro reduces the need for general anesthesia accelerates workflows, increases efficiency, and broadens treatment options. For instance, in July 2021, Koninklijke Philips N.V., a Netherlands-based health technology company, launched a new real-time 3D intracardiac echocardiography catheter VeriSight Pro. VeriSight Pro offers superior 2D and 3D live image guidance for a wide range of procedures in structural heart disease and electrophysiology, allowing interventionalists to navigate procedures with ease, provide superior care, and optimize cath lab performance. It is a real-time 3D intracardiac echocardiography (ICE) catheter that has the potential to improve the standard of care for structural heart disease and electrophysiology procedures.

The echocardiography market covered in this report is segmented -

1) By Test Type: Transthoracic Echocardiography, Transesophageal Echocardiography, Stress Echocardiography, Other Test Types
2) By Technology: 2D, 3D And 4D, Doppler Imaging
3) By End-User: Hospitals, Diagnostic Centers, Clinics, Other End-Users

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Major companies operating in the echocardiography market report are Samsung Electronics Co. Ltd., General Electric Company, Ecare Medical Technology, Siemens Healthcare GmbH, Fujifilm Holdings Corporation, Koninklijke Philips N.V., Boston Scientific Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., St. Jude Medical Inc., Carestream Health, Bracco S.p.A., Toshiba Medical Systems, Canon Medical Systems Corporation, Esaote SpA, Biosense Webster Inc., BMV Technology Co. Ltd., Hitachi Medical Corporation, MIDAS Software Solutions PTY Ltd., Digirad Corporation, ContextVision AB, CHISON Medical Technologies Co. Ltd., Xuzhou Kaixin Electronic Instrument Co. Ltd., Alpinion Medical Deutschland GmbH, Promed Technology Co. Ltd. , Caption Health Inc., Shenzhen Ricso Technology Co. Ltd., MediMatic Private Limited, Sonostar Technologies Co. Ltd., Jaken Medical Inc., DiA Imaging Analysis Ltd.

Contents of the report:
1. Executive Summary
2. Echocardiography Market Report Structure
3. Echocardiography Market Trends And Strategies
4. Echocardiography Market - Macro Economic Scenario
5. Echocardiography Market Size And Growth
…..
27. Echocardiography Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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