The echocardiography global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Echocardiography Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 growth in the historic period can be attributed to environmental awareness, government incentives, rising fuel costs, urbanization trends..
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%. The growth in the forecast period can be attributed to infrastructure development, regulatory policies, consumer awareness and acceptance, battery technology advancements, economic factors.. Major trends in the forecast period include development of high-speed electric trains, adoption of swappable battery technology, introduction of electric boats and watercraft, implementation of dynamic wireless charging, development of electric autonomous vehicles..
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Scope Of Echocardiography Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Echocardiography Market Overview
Market Drivers –
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.
Market Trends –
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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Regional Insights –
North America was the largest region in the echocardiography market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the echocardiography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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.
Table of Contents
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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