Newly-released Cardiovascular Ultrasound Market analysis report by Future Market Insights shows that global revenue in the Cardiovascular Ultrasound Market in 2022 was held at US$ 1.2 Billion. With a CAGR of 7.2% from 2023 to 2033, the market is expected to reach a US$ 2.6 billion valuation by 2033. Transthoracic Echocardiography is expected to be the highest revenue-generating segment, accounting for an expected CAGR rate of 7.3% from 2023 to 2033.
| Attribute | Details |
|---|---|
| Global Cardiovascular Ultrasound Market (2023) | US$ 1.3 Billion |
| Global Cardiovascular Ultrasound Market CAGR (2023 to 2033) | 7.2% |
| Global Cardiovascular Ultrasound Market (2033) | US$ 2.6 Billion |
| USA Cardiovascular Ultrasound Market (2033) | US$ 641 Million |
| Key Companies Profiled |
|
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The growing inclination for non-invasive diagnostic procedures is driving the global cardiovascular ultrasound market. Furthermore, manufacturers' increasing focus on developing creative and revolutionary cardiovascular ultrasound systems would be a prominent factor affecting the market growth. The rising geriatric population and an increase in the number of government agencies spreading awareness are prominent factors boosting the growth of the cardiovascular ultrasound system market.
In addition, changing lifestyles and rising healthcare infrastructure spending are the key market drivers that will propel the cardiovascular ultrasound system market forward.
Because of the rise in preventive medicine and the increased acceptance of modern technologies in the region, North America dominates the cardiovascular ultrasound system market as a result of enhanced healthcare infrastructure and the widespread use of CVUS in preventive medicine.
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Medicare payments are based on a variety of criteria in the USA, including relative value units, conversion factors, and local practice cost indexes. The medicare program has new laws that govern reimbursement policies. Over the projected period, the favorable reimbursement policy and regulatory frameworks are expected to aid market expansion in the country.
The market in the United kingdom is expected to reach a valuation of US$ 121.5 Million by 2033. Growing with a CAGR of 8.3% in the forecast period, the market in the country is projected to garner an absolute dollar opportunity of US$ 26.8 Million.
In Japan, the market is expected to grow at a CAGR of 9.3% from 2023 to 2033, reaching US$ 128.3 Million by 2033. The market in the country is expected to gross an absolute dollar opportunity of US$ 75.3 Million during the forecast period.
The cardiovascular ultrasound market through transthoracic echocardiography accounted for a significant market in 2022. During the projected period, the transthoracic echocardiography segment is expected to grow at the fastest rate of 7.3%.
Fetal echocardiography is a pregnancy test that is conducted in the second trimester to determine whether the fetus has developed all four chambers of the heart. It allows seeing the heart anatomy of an unborn child. The expansion of this market is being fuelled by rising levels of awareness concerning fetus health.
Doppler is the prominent cardiovascular ultrasound system as it produces clear images in less time Doppler accounted for the largest revenue share in 2020. Due to the rising prevalence of technologically advanced systems in developing nations like India and China, the technique is gaining traction.
Doppler echocardiography is a non-invasive method for measuring blood flow within the heart. Radcliffe Cardiology also ran a workshop on two-dimensional echocardiography in Vail in March 2019. The specific use of Doppler ultrasound for hemodynamics and cardiac function, in addition to its use in hemodynamics, such as valvular heart disease, were among the topics they covered. As a result, improvements in Doppler technology to improve cardiac imaging are likely to drive category growth.
The color cardiovascular ultrasound systems segment held a prominent revenue share in the recent past. Due to the clarity of images offered by color systems, they are generally chosen over B/W systems. Furthermore, color cardiovascular ultrasonography aids in accurate diagnosis. Hitachi offers a number of color systems that are available globally.
Owing to these factors, the color systems segment is expected to grow at a significant pace throughout the projected period. The 2D, 3D/4D, and Doppler ultrasound equipment can be used with B/W systems. B/W devices are used by many notable companies, including Siemens Healthcare and Philips Healthcare. To switch to color mode, these gadgets are employed in health clinics with limited budgets.
Market revenue through hospitals accounts for a significant share. Since medical imaging is a significant source of outpatient revenue, a number of mid to large-sized hospitals have medical imaging equipment installed on their grounds.
Medical imaging facilities are available mostly at large-scale hospitals. Medical imaging centers, on the other hand, demand significant upkeep, space, and qualified personnel. These issues add to the hospital's financial burden in administering such facilities. As a result, hospitals choose to cooperate with diagnostic centers to provide medical imaging services. This saves money, especially in small and medium-sized hospitals.
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Some of the prominent players in the cardiovascular ultrasound market include GE Healthcare, Koninklijke Philips, Siemens Healthineers AG, Hitachi Medical Corp., Samsung Medison Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Chison Wuxi Xiangsheng Medical Technology Co., Ltd., and Fujifilm Sonosite, Inc.
Some of the recent developments of key Cardiovascular Ultrasound providers are as follows:
Similarly, recent developments related to companies offering Cardiovascular Ultrasound have been tracked by the team at Future Market Insights, which is available in the full report.
North America
Latin America
Europe
Asia Pacific Excluding Japan (APAC)
Middle East & Africa (MEA)
During 2018 to 2022, the market registered a CAGR of 7.3%.
The market is estimated to reach US$ 2.6 billion by 2033.
Hospital sector holds high revenue potential.
The United States, Japan, and the United Kingdom dominate the global market.
The market is forecast to register a CAGR of 7.2% through 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Future Market Insight Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Cardiovascular Ultrasound
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Billion)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background
4.1. Market, by Key Countries
4.2. Market Opportunity Assessment (US$ Billion)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Growth in Automation, By Country
4.5.3. Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
6.1. Historical Market Analysis, 2018 to 2022
6.2. Current and Future Market Projections, 2023 to 2033
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Billion) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ Billion) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Billion) Analysis By Type, 2018 to 2022
8.3. Current and Future Market Size (US$ Billion) Analysis and Forecast By Type, 2023 to 2033
8.3.1. Fetal Echoocardiography
8.3.2. Transthoracic Echocardiography
8.3.3. Transesophageal Echocardiography
8.3.4. Others
8.4. Market Attractiveness Analysis By Type
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Billion) Analysis By Technology, 2018 to 2022
9.3. Current and Future Market Size (US$ Billion) Analysis and Forecast By Technology, 2023 to 2033
9.3.1. 2D
9.3.2. 3D/4D
9.3.3. Doppler
9.4. Market Attractiveness Analysis By Technology
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Display Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Billion) Analysis By Display Type, 2018 to 2022
10.3. Current and Future Market Size (US$ Billion) Analysis and Forecast By Display Type, 2023 to 2033
10.3.1. B/W
10.3.2. Color
10.4. Market Attractiveness Analysis By Display Type
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Billion) Analysis By End-use, 2018 to 2022
11.3. Current and Future Market Size (US$ Billion) Analysis and Forecast By End-use, 2023 to 2033
11.3.1. Hospitals
11.3.2. Diagnostic Centres
11.3.3. Ambulatory Care Centers
11.3.4. Other End-Uses
11.4. Market Attractiveness Analysis By End-use
12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
12.1. Introduction
12.2. Historical Market Size (US$ Billion) Analysis By Region, 2018 to 2022
12.3. Current Market Size (US$ Billion) & Analysis and Forecast By Region, 2023 to 2033
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. APAC
12.3.5. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Billion) Trend Analysis By Market Taxonomy, 2018 to 2022
13.4. Market Value (US$ Billion) & Forecast By Market Taxonomy, 2023 to 2033
13.4.1. By Country
13.4.1.1. USA
13.4.1.2. Canada
13.4.1.3. Rest of North America
13.4.2. By Type
13.4.3. By Technology
13.4.4. By End-use
13.4.5. By Display Type
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Type
13.5.3. By Technology
13.5.4. By End-use
13.5.5. By Display Type
14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Billion) Trend Analysis By Market Taxonomy, 2018 to 2022
14.4. Market Value (US$ Billion) & Forecast By Market Taxonomy, 2023 to 2033
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Rest of Latin America
14.4.2. By Type
14.4.3. By Technology
14.4.4. By End-use
14.4.5. By Display Type
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Type
14.5.3. By Technology
14.5.4. By End-use
14.5.5. By Display Type
15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Billion) Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Value (US$ Billion) & Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. France
15.4.1.3. United Kingdom
15.4.1.4. Italy
15.4.1.5. Spain
15.4.1.6. Netherlands
15.4.1.7. Rest of Europe
15.4.2. By Type
15.4.3. By Technology
15.4.4. By End-use
15.4.5. By Display Type
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Type
15.5.3. By Technology
15.5.4. By End-use
15.5.5. By Display Type
16. APAC Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Value (US$ Billion) Trend Analysis By Market Taxonomy, 2018 to 2022
16.4. Market Value (US$ Billion) & Forecast By Market Taxonomy, 2023 to 2033
16.4.1. By Country
16.4.1.1. China
16.4.1.2. Japan
16.4.1.3. South Korea
16.4.1.4. Rest of APAC
16.4.2. By Type
16.4.3. By Technology
16.4.4. By End-use
16.4.5. By Display Type
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Type
16.5.3. By Technology
16.5.4. By End-use
16.5.5. By Display Type
17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Value (US$ Billion) Trend Analysis By Market Taxonomy, 2018 to 2022
17.4. Market Value (US$ Billion) & Forecast By Market Taxonomy, 2023 to 2033
17.4.1. By Country
17.4.1.1. Saudi Arabia
17.4.1.2. South Africa
17.4.1.3. UAE
17.4.1.4. Rest of Middle East and Africa
17.4.2. By Type
17.4.3. By Technology
17.4.4. By End-use
17.4.5. By Display Type
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Type
17.5.3. By Technology
17.5.4. By End-use
17.5.5. By Display Type
18. Key Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction
18.1.1. Market Value Proportion Analysis, By Key Countries
18.1.2. Global Vs. Country Growth Comparison
18.2. US Market Analysis
18.2.1. Value Proportion Analysis by Market Taxonomy
18.2.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.2.2.1. By Type
18.2.2.2. By Technology
18.2.2.3. By End-use
18.2.2.4. By Display Type
18.3. Canada Market Analysis
18.3.1. Value Proportion Analysis by Market Taxonomy
18.3.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.3.2.1. By Type
18.3.2.2. By Technology
18.3.2.3. By End-use
18.3.2.4. By Display Type
18.4. Mexico Market Analysis
18.4.1. Value Proportion Analysis by Market Taxonomy
18.4.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.4.2.1. By Type
18.4.2.2. By Technology
18.4.2.3. By End-use
18.4.2.4. By Display Type
18.5. Brazil Market Analysis
18.5.1. Value Proportion Analysis by Market Taxonomy
18.5.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.5.2.1. By Type
18.5.2.2. By Technology
18.5.2.3. By End-use
18.5.2.4. By Display Type
18.6. Germany Market Analysis
18.6.1. Value Proportion Analysis by Market Taxonomy
18.6.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.6.2.1. By Type
18.6.2.2. By Technology
18.6.2.3. By End-use
18.6.2.4. By Display Type
18.7. France Market Analysis
18.7.1. Value Proportion Analysis by Market Taxonomy
18.7.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.7.2.1. By Type
18.7.2.2. By Technology
18.7.2.3. By End-use
18.7.2.4. By Display Type
18.8. Italy Market Analysis
18.8.1. Value Proportion Analysis by Market Taxonomy
18.8.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.8.2.1. By Type
18.8.2.2. By Technology
18.8.2.3. By End-use
18.8.2.4. By Display Type
18.9. Spain Market Analysis
18.9.1. Value Proportion Analysis by Market Taxonomy
18.9.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.9.2.1. By Type
18.9.2.2. By Technology
18.9.2.3. By End-use
18.9.2.4. By Display Type
18.10. UK Market Analysis
18.10.1. Value Proportion Analysis by Market Taxonomy
18.10.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.10.2.1. By Type
18.10.2.2. By Technology
18.10.2.3. By End-use
18.10.2.4. By Display Type
18.11. Netherlands Market Analysis
18.11.1. Value Proportion Analysis by Market Taxonomy
18.11.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.11.2.1. By Type
18.11.2.2. By Technology
18.11.2.3. By End-use
18.11.2.4. By Display Type
18.12. China Market Analysis
18.12.1. Value Proportion Analysis by Market Taxonomy
18.12.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.12.2.1. By Type
18.12.2.2. By Technology
18.12.2.3. By End-use
18.12.2.4. By Display Type
18.13. Japan Market Analysis
18.13.1. Value Proportion Analysis by Market Taxonomy
18.13.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.13.2.1. By Type
18.13.2.2. By Technology
18.13.2.3. By End-use
18.13.2.4. By Display Type
18.14. South Korea Market Analysis
18.14.1. Value Proportion Analysis by Market Taxonomy
18.14.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.14.2.1. By Type
18.14.2.2. By Technology
18.14.2.3. By End-use
18.14.2.4. By Display Type
18.15. Saudi Arabia Market Analysis
18.15.1. Value Proportion Analysis by Market Taxonomy
18.15.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.15.2.1. By Type
18.15.2.2. By Technology
18.15.2.3. By End-use
18.15.2.4. By Display Type
18.16. South Africa Market Analysis
18.16.1. Value Proportion Analysis by Market Taxonomy
18.16.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.16.2.1. By Type
18.16.2.2. By Technology
18.16.2.3. By End-use
18.16.2.4. By Display Type
18.17. UAE Market Analysis
18.17.1. Value Proportion Analysis by Market Taxonomy
18.17.2. Value Analysis and Forecast by Market Taxonomy, 2018-2033
18.17.2.1. By Type
18.17.2.2. By Technology
18.17.2.3. By End-use
18.17.2.4. By Display Type
18.17.3. Competition Landscape and Player Concentration in the Country
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Market Presence Analysis
19.4.1. By Regional footprint of Players
19.4.2. Product footprint by Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. GE Healthcare
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Sales Footprint
20.3.1.4. Strategy Overview
20.3.2. Koninklijke Philips
20.3.2.1. Overview
20.3.2.2. Product Portfolio
20.3.2.3. Sales Footprint
20.3.2.4. Strategy Overview
20.3.3. Siemens Healthineers AG
20.3.3.1. Overview
20.3.3.2. Product Portfolio
20.3.3.3. Sales Footprint
20.3.3.4. Strategy Overview
20.3.4. Hitachi Medical Corp.
20.3.4.1. Overview
20.3.4.2. Product Portfolio
20.3.4.3. Sales Footprint
20.3.4.4. Strategy Overview
20.3.5. Samsung Medison Co. Ltd.
20.3.5.1. Overview
20.3.5.2. Product Portfolio
20.3.5.3. Sales Footprint
20.3.5.4. Strategy Overview
20.3.6. Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Mindray)
20.3.6.1. Overview
20.3.6.2. Product Portfolio
20.3.6.3. Sales Footprint
20.3.6.4. Strategy Overview
20.3.7. Chison Wuxi Xiangsheng Medical Technology Co., Ltd.
20.3.7.1. Overview
20.3.7.2. Product Portfolio
20.3.7.3. Sales Footprint
20.3.7.4. Strategy Overview
20.3.8. Fujifilm Sonosite, Inc
20.3.8.1. Overview
20.3.8.2. Product Portfolio
20.3.8.3. Sales Footprint
20.3.8.4. Strategy Overview
21. Assumptions and Acronyms Used
22. Research Methodology
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Cardiovascular Ultrasound Market
