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Cardiovascular disease remains a significant cause of morbidity and mortality in the developed world and is turning into an increasingly important cause of death in developing countries as well. Cardiac ultrasound imaging is used to diagnose and analyze the blood flow and function of the heart to find out whether the heart in functioning normally and for diagnosis of heart related disorders. Cardiovascular imaging involves imaging of arteries, veins, atria, ventricles and other important structures of the heart. Increase occurrence of cardiovascular ailments and development of cutting-edge innovation in cardiovascular ultrasound giving simple determination of any heart disease adds to the development of this market Governments in creating economies, for example, India and China are expanding their emphasis on preventive medicine solutions by embracing different imaging advances including cardiovascular ultrasound. Subsequently, the market is foreseen to observe worthwhile development in the creating economies.
Upsurge in number of people suffering from cardiovascular disease is one of the key factors for boosting the cardiovascular ultrasound system market. As indicated by World Health Organization (WHO), cardiovascular diseases are the number one cause of deaths across the world. In the year 2016, around 18 million people died of cardiovascular diseases globally, accounting for almost 31% of total global deaths. Thus, the upsurge in the number of cardiovascular diseases has augmented the demand of cardiovascular ultrasound system for the diagnosis. Furthermore, the other driving factors also includes rise in technological advancements and advantages of echocardiography over invasive cardiac diagnostic procedures. Conversely, Economic Impact of Adopting New Technologies is Likely to Restrain the Growth of Cardiovascular Ultrasound System Market
The report analyses the global cardiovascular ultrasound system market based on Test Type, Technology, Display, End User and Geography.
Based on type, the Cardiovascular Ultrasound System Market is bifurcated into Transthoracic Echocardiography, Transesophageal Echocardiography, Stress Echocardiogram and Other Echocardiograms (fetal & intracardiac echocardiograms). The Stress Echocardiogram segment is expected to witness lucrative CAGR over the forecast period owing to the the advantages of the stress echocardiogram that it can provide data of the cardiac muscles and valves before and after the stress of the heart muscle. Further, transesophageal echocardiography is utilized when transthoracic echocardiography procedure is unable can't give appropriate outcomes, which thusly, is promoting its demand.
Based on technology, the market is bifurcated into 2D, 3D & 4D, and Doppler imaging. The 3D & 4D technology segment is anticipated to observe lucrative growth during the forecast period attributed to the better image resolution provided by this technology. Further, doppler segment is also anticipated to observe high growth of the market systems as they provide sharp images in a shorter time. Doppler technique is gaining importance in developing countries such as India and China owing to growing penetration of technologically advanced systems throughout the region.
By Device Display the market is segmented in colour display and black & white display.
Color systems are mostly preferred over B/W due provides more clarity and helps in better diagnosis. Black and white systems can be used in different systems such as 2D, 3D/4D, and Doppler devices. Many leading companies such as Philips Healthcare Siemens Healthcare have black and white devices.
By end user, the cardiovascular ultrasound system market is categorised into hospitals, home care & ambulatory, and other end users. The hospitals segment is estimated to account for the significant growth of the market owing to the growing usage of echocardiographs in hospitals especially in intensive care units (ICUs) coupled with the high purchasing power.
By geography, the global Cardiovascular Ultrasound System Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, and Rest of the world.
The North America held the largest market share of the global Cardiovascular Ultrasound System Market and it is estimated to lead the market throughout the forecast period. This is mainly be attributed to increasing prevalence of cardiovascular coupled with the growing to presence of sophisticated healthcare infrastructure, increasing awareness of patients and healthcare professionals and better reimbursement policies. The U.S. is anticipated to dominate the North American market for cardiovascular ultrasound system market, owing to the high prevalence of CVDs.
Asia Pacific cardiovascular ultrasound system market is predicted to ride on various growth opportunities such as increased medical tourism, surge in innovation and research, and rising healthcare expenditure and growing awareness among the people. Further, the presence of developing economies, such as India and China, and the presence of robust healthcare infrastructure facility along with increased affordability and technological advancement further boost the growth of the market in this region.
Some of the prominent players in the operating in the cardiovascular ultrasound system marketare GE Healthcare , Philips Healthcare, Siemens Healthcare , Hitachi Medical Corporation , Toshiba Medical Systems Corporation , Mindray Medical International Limited , Samsung Electronics Co., Ltd. , Fujifilm Holdings Corporation , Esaote S.P.A. Chison Medical Imaging Co., Ltd. among others.
The report analyses the global cardiovascular ultrasound system market based on Test Type, Technology, Display, End User and Geography.
Based on type, the cardiovascular ultrasound system market is bifurcated into Transthoracic Echocardiography, Transesophageal Echocardiography, Stress Echocardiogram and Other Echocardiograms (fetal & intracardiac echocardiograms). By Device Display the market is categorised into colour display and black & white display. Based on technology, the market is classified into 2D, 3D & 4D, and Doppler imaging. By end user, the cardiovascular ultrasound system market is categorised into hospitals, home care & ambulatory, and other end users.. By geography, the global Cardiovascular Ultrasound System Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, and Rest of the world. Some of the prominent players in the operating in cardiovascular ultrasound system market are GE Healthcare , Philips Healthcare, Siemens Healthcare , Hitachi Medical Corporation , Toshiba Medical Systems Corporation , Mindray Medical International Limited , Samsung Electronics Co., Ltd. , Fujifilm Holdings Corporation , Esaote S.P.A. Chison Medical Imaging Co., Ltd. among others.
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