Press release
Emerging Trends to Drive Cardiovascular Ultrasound Market Growth at 7.3% CAGR Through 2029
Cardiovascular Ultrasound
Cardiovascular Ultrasound Market Size Growth Forecast: What to Expect by 2025?
In recent times, the cardiovascular ultrasound market has experienced significant growth. The market is projected to expand from $2.46 billion in 2024 to $2.6 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. Factors contributing to growth during the historical period include an increase in cardiovascular diseases, an aging population, the appeal of patient-friendly imaging, safety and noninvasiveness, heightened awareness and education, as well as favorable reimbursement policies.
How Will the Cardiovascular Ultrasound Market Size Evolve and Grow by 2029?
In the upcoming years, a substantial expansion is predicted for the cardiovascular ultrasound market, with a projected valuation of $3.45 billion by 2029 and a compound annual growth rate (CAGR) of 7.3%. The anticipated growth during the forecast period can be linked to the emphasis on preventive healthcare, the aging population worldwide, and initiatives related to value-based healthcare. The forecast period is expected to witness major trends like the advancement of imaging technology, the integration of artificial intelligence, the enlargement of point-of-care ultrasound (POCUS), the use of 3D/4D transesophageal echocardiography, the adoption of telemedicine, remote monitoring, and improvements in data management and connectivity.
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What Drivers Are Propelling the Growth of Cardiovascular Ultrasound Market Forward?
There is expected to be an upswing in the cardiovascular ultrasound industry, with an influx of diagnostic imaging centers playing a part in this boost. These centers, armed with innovative imaging technologies, have a focus on identifying and monitoring health conditions, specifically cardiovascular issues. The invaluable tool in this process is cardiovascular ultrasound, or echocardiography, which uses real-time imagery to observe the heart and veins and analyze heart function and any potential cardiovascular irregularities. In April 2022, the Department of Health and Social Care revealed that 73 community diagnostic hubs were conducted an additional 30,000 tests weekly, which is projected to inflate to 160 centers by 2025, representing a growth of 119.18%. As a result, it can be inferred that the growth of the cardiovascular ultrasound industry is tied to these expanding imaging centers. Cardiovascular Ultrasound Market Driver: The Cardiovascular Ultrasound Market Might Expand Due to Rising Cardiovascular Disease Cases
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Which Emerging Trends Are Transforming the Cardiovascular Ultrasound Market in 2025?
Leading businesses in the cardiovascular ultrasound market are prioritizing the development of innovative handheld ultrasound imaging systems such as the Vscan Air SL, in a bid to deliver credible services to their customers. The device, which is mobile and connects to tablets or smartphones, leverages ultrasound waves to generate images of the human body's internal parts. In August 2023, Vscan Air SL was introduced by US-based GE HealthCare Technologies Inc., a company renowned for its medical technology, pharmaceutical diagnostics, and digital solutions. This portable, cordless ultrasound image system can speed up decision-making in diagnosis and treatment methods by facilitating swift cardiac and vascular evaluations. The system has an exclusive integration of SignalMax and XDclear, imaging performance technologies, which enable high levels of penetration, resolution, and sensitivity using a single crystal transducer technology. The latest SL version includes a sector-phased array transducer for fast cardiac examinations. Through the Vscan Air app available on Android and iOS smartphones, clinicians have the convenience of bringing Vscan Air to all patients.
What Are the Key Segments in the Cardiovascular Ultrasound Market?
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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Who Are the Key Players Shaping the Cardiovascular Ultrasound Market's 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.
What Geographic Markets Are Powering Growth 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
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