Cardiovascular Ultrasound System Market Share, Growth, Analysis, Trend, and Forecast Research Report by 2028

Reports And Data
Increasing demand for the 4D ultrasound imaging systems market coupled with high investments in R&D of cardiovascular ultrasound systems
NEW YORK , NEW YORK, UNITED STATES, September 23, 2021 /EINPresswire.com/ -- The Global Cardiovascular Ultrasound System Market is forecast to reach USD 2,366.8 Million by 2028, according to a new report by Reports and Data. Cardiovascular ultrasound system or the echocardiogram is a noninvasive ultrasound method of examining the circulation in the blood vessels of the body. In a cardiovascular ultrasound system, the sound waves are transmitted through the tissues of the cardiovascular area. The global cardiovascular ultrasound system market is growing at a substantial pace as the number of cardiovascular diseases and the use of ultrasound system are drastically being propelled. An increased awareness about healthcare & wellness, changing disease patterns, government supports, and escalating volumes of implementation of the cardiovascular ultrasound system in various healthcare centers is expected to accelerate the growth of this market.The North American market is forecasted to grow with a CAGR of 7.2% during the forecast period, owing to its adoption of advanced equipment & machineries for cardiac diseases, coupled with the increasing geriatric cardiovascular diseases and extensive demand for cardiovascular ultrasound systems in the cardiac departments in all the hospitals and ambulatory surgery centers. Asia Pacific, with its elevated advancements in the healthcare industry and escalating volumes of patients with surgical needs in China, and India, and is likely to achieve a significant market share. China and India are some of the fastest-growing markets, while the United States, Japan, and Germany hold some of the most prominent players in the market.
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Market Overview:
The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, R&D activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Cardiovascular Ultrasound System market in these key regions.
Further key findings from the report suggest
• Online retailing supply of the surgical instruments and devices has been trendy in emerging nations like China and India mainly. Online retailers can offer reduced prices compared to the medical stores and offline vendors due to the non-involvement of the distributor chains in the business process. This sub-segment is expected to grow at a CAGR of 11.1% during the forecast period.
• Doppler ultrasound imaging system helps estimate the speed of blood flow and conditions involving heart valves, blood clots, and arteries having identified the blocked and bulging arteries. Doppler ultrasound is supposedly a suitable replacement of arteriography and venography. Doppler sub-segment is growing at the fastest CAGR of 6.3% throughout the forecast period.
• The stress echocardiogram is performed while the patient exercises on a stationary bicycle or a treadmill. This test helps visualize the motion of the cardiac walls and pumping action in a stressed situation when the heart rate goes faster. The stress echocardiogram is calculated to be propelled with a growth rate of 3.3% during the forecast period.
• Ambulatory surgery centers are modern kind of healthcare facility centers, which are focused on providing immediate surgical care and releasing the patients right after the surgery. The ambulatory surgery centers have a more convenient outpatient procedure alternative to the hospitals based inpatient systems, maintaining a strong track record of quality care. Ambulatory surgery centers, incorporating all the required and modern cardiovascular ultrasound systems, are expected to grow fastest at a rate of 8.2% throughout the forecast period.
• Key participants include GE Healthcare, Siemens Healthineers AG, Canon Medical Systems, Koninklijke Philips N.V., Hitachi Medical Corporation, Mindray Medical International Limited, Samsung Medison, Fujifilm Corporation, Chison Medical Imaging Co. Ltd., and Kalamed Medical Systems, among others.
For the purpose of this report, Reports and Data have segmented the global cardiovascular ultrasound system market on the basis of type, sales channel, type of imaging, technology, end-users, and region:
Type Outlook (Revenue, USD Billion; 2020-2028)
• Transthoracic Echocardiogram
• Transesophageal Echocardiogram
• Stress Echocardiogram
• Dobutamine Stress Echocardiogram
• Intravascular Ultrasound
• Others
Sales Channel Outlook (Revenue, USD Billion; 2020-2028)
• Online Retailing
• Medical Stores & Brand Outlet
Type of Imaging Outlook (Revenue, USD Billion; 2020-2028)
• Color
• Monochrome
Technology Outlook (Revenue, USD Billion; 2020-2028)
• 2D
• 3D
• 4D
• Doppler
End-Users Outlook (Revenue, USD Billion; 2020-2028)
• Hospitals
• Clinics & Diagnostic Centers
• Ambulatory Surgical Center
• Others
Country-wise regional analysis covers:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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