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Rising Number Of Diagnostic Imaging Centers Fueling Cardiovascular Ultrasound Market Growth Driver: A Major Catalyst in the Evolution of the Cardiovascular Ultrasound Market in 2025
Cardiovascular Ultrasound Market
The cardiovascular ultrasound market has experienced solid growth recently. It is projected to grow from $2.46 billion in 2024 to $2.6 billion in 2025 at a CAGR of 5.9%. The growth is attributed to the rise in cardiovascular diseases, the aging population, patient-friendly imaging technologies, non-invasive and safe procedures, as well as increasing awareness and education.
The cardiovascular ultrasound market is set to experience significant growth in the coming years, reaching $3.45 billion by 2029, with a compound annual growth rate (CAGR) of 7.3%. This expansion can be attributed to increased focus on preventive healthcare, a growing aging population, and the rise of value-based healthcare initiatives. Key trends driving this growth include advancements in imaging technology, AI integration, the expansion of point-of-care ultrasound (POCUS), 3D/4D transesophageal echocardiography, telemedicine, remote monitoring, and improved data management and connectivity.
What Are the Key Drivers Behind the Growth of the Cardiovascular Ultrasound Market?
An increasing number of diagnostic imaging centers is expected to boost the growth of the cardiovascular ultrasound market. As more diagnostic centers are established, particularly in the UK, the demand for cardiovascular ultrasound technology is increasing. These imaging systems are vital for diagnosing heart and circulatory diseases, and their use is expanding with the rise in diagnostic centers.
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Who Are the Major Industry Players Fueling Cardiovascular Ultrasound Market Expansion?
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.
Which Key Developments Are Influencing the Cardiovascular Ultrasound Market?
Companies in the cardiovascular ultrasound market are developing new handheld ultrasound imaging systems, such as Vscan Air SL, to offer reliable services. The Vscan Air SL system is a portable ultrasound device that connects to a tablet or smartphone to create images of the body's internal structures. For example, in August 2023, GE HealthCare Technologies Inc., a US-based medical technology provider, launched Vscan Air SL, a wireless ultrasound system designed for quick cardiac and vascular assessments. Its integration of SignalMax and XDclear technologies allows for superior imaging performance with high penetration, resolution, and sensitivity. The SL version includes a sector-phased array transducer for fast cardiac tests, and the Vscan Air app, available on Android and iOS, allows clinicians to bring the device to every patient.
How Is the Segmentation of the Cardiovascular Ultrasound Market Defined?
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
Subsegments:
1) By Transthoracic Echocardiography (TTE): Doppler Echocardiography, 2D Echocardiography, 3D Echocardiography, Stress Echocardiography
2) By Transesophageal Echocardiography (TEE): Adult TEE, Pediatric TEE
3) By Fetal Echocardiography: Standard Fetal Echocardiography, Advanced Fetal Echocardiography
4) By Other Types: Portable Ultrasound, Contrast Echocardiography
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What Is the Leading Region in the Cardiovascular Ultrasound Market?
North America was the largest region in the cardiovascular ultrasound market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiovascular ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Cardiovascular Ultrasound Global Market Report?
- Market Size Analysis: Analyze the Cardiovascular Ultrasound Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cardiovascular Ultrasound Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cardiovascular Ultrasound Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cardiovascular Ultrasound Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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