Press release
Cardiovascular Ultrasound Market Anticipated To Witness Robust Growth, Surpassing $3.45 Billion By 2029
Cardiovascular Ultrasound
What Is the Current Cardiovascular Ultrasound Market Size and Its Estimated Growth Rate?
In recent times, there has been a significant increase in the size of the cardiovascular ultrasound market. This market is set to expand from $2.46 billion in 2024 to $2.6 billion in 2025, at a compound annual growth rate (CAGR) of 5.9%. Several factors attribute to the growth witnessed in the historic period such as the surge in cardiovascular diseases, an aging population, the adoption of patient-friendly imaging techniques, the non-invasive nature and safety of the procedure, heightened awareness and education, as well as reimbursement policies.
In the following years, substantial growth is anticipated in the cardiovascular ultrasound market. It is projected to reach $3.45 billion by 2029, with a CAGR of 7.3%. This growth during the forecast period can be credited to factors such as preventive healthcare focus, a globally aging population, and value-based healthcare initiatives. Key trends throughout this period will encompass advancements in imaging technology, integration of artificial intelligence (AI), the expansion of point-of-care ultrasound (POCUS), 3D/4D transesophageal echocardiography, telemedicine, remote monitoring, as well as data management and connectivity.
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How Are Emerging Segments Shaping the Cardiovascular Ultrasound Market Landscape?
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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Which Growth Factors Are Influencing Cardiovascular Ultrasound Market Expansion?
The anticipated rise in the number of diagnostic imaging centers will likely fuel expansion in the cardiovascular ultrasound market. These centers, armed with state-of-the-art medical imaging technology, specialize in diagnosing and tracking numerous health conditions, including cardiovascular diseases. Cardiovascular ultrasound, also known as echocardiography, is a crucial diagnostic imaging tool used in these centers to create immediate pictures of the heart and its blood vessels. This aids healthcare providers in evaluating heart function and spotting various cardiovascular issues and abnormalities. For instance, in April 2022, the Department of Health and Social Care disclosed that 73 community diagnostic centers, which conduct an additional 30,000 weekly tests, were operational in the UK. It's anticipated that these centers will grow in number to 160 by 2025, a 119.18 % increase. Consequently, the growth in diagnostic imaging centers will fuel the expansion of the cardiovascular ultrasound market. Triggers for the escalating growth of the cardiovascular ultrasound market include the rising occurrence of cardiovascular disease. Cardiovascular ultrasound, also termed echocardiography, is a crucial, non-invasive imaging technique widely utilized in the identification, assessment, and management of cardiovascular diseases (CVD). About 7.6 million people in the UK live with heart conditions and circulatory diseases, with men accounting for around 4 million and women roughly 3.6 million. These conditions cause about 27% of all deaths in the UK, equivalent to over 170,000 deaths annually, or about 480 deaths daily. These statistics drive the point home that the growing incidence of cardiovascular disease is a major driver for the cardiovascular ultrasound market growth.
Who Are the Dominant Players Across Different Cardiovascular Ultrasound Market Segments?
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.
What Cardiovascular Ultrasound Market Trends Are Gaining Traction Across Different Segments?
Leading enterprises in the market for cardiovascular ultrasound are honing their focus on the creation of innovative handheld ultrasound imaging systems such as the Vscan Air SL, to provide dependable services to their clientele. The Vscan Air SL handheld ultrasound imaging system is a compact device that utilizes ultrasound waves to produce images of internal bodily structures when synced to a tablet or mobile device. For example, GE HealthCare Technologies Inc., an American firm proficient in medical technology, pharmaceutical diagnostics, and digital solutions, initiated the launch of Vscan Air SL in August 2023. This portable and wireless ultrasound imaging system is designed for swift cardiac and vascular evaluations to expedite diagnosis and treatment decisions. This system is specially built with the integration of SignalMax and XDclear- imaging performance technologies enabling high penetration, resolution, and sensitivity levels via single crystal transducer technology. The updated SL version features a sector-phased array transducer for accelerated cardiac assessments. The availability of the Vscan Air app, compatible with Android and iOS platforms, allows clinicians to utilize the Vscan Air system for all patients.
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Which Geographic Regions Are Expected to Dominate the Cardiovascular Ultrasound Market in the Coming Years?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cardiovascular Ultrasound Market?
2. What is the CAGR expected in the Cardiovascular Ultrasound Market?
3. What Are the Key Innovations Transforming the Cardiovascular Ultrasound Industry?
4. Which Region Is Leading the Cardiovascular Ultrasound Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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