MarketResearch.biz delivers in-depth insights on the global echocardiography market in its upcoming report titled, “Global Echocardiography Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global echocardiography market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global echocardiography market report has been segmented on the basis of type, technology, end user, and region.
An echocardiogram uses ultrasound waves to create moving pictures of heart which is used for diagnosis and treatment of various conditions such as congenital heart disease, heart failure, heart murmurs, pulmonary hypertension and heart infection. Echocardiogram is also called as heart ultrasound or an echo test. Echocardiogram images can spot blood clots in the heart and fluid in the sac around the heart. Echocardiograms are available in different types which includes transthoracic echocardiogram, transesophageal echocardiogram, and stress echocardiogram. The transthoracic echocardiography is most common type of echocardiography.
Increasing prevalence cardiovascular diseases globally is a major factor expected to boost the growth of global echocardiography market over the forecast period. Continuous focus by manufacturers operating in the market to develop innovative and novel echocardiography system is expected to drive the growth of the global echocardiography market over the forecast period. Increasing preference for noninvasive diagnostic procedures is another factor expected to augment the growth of the global echocardiography over the forecast period. Echocardiogram test are safe as it does not use harmful radiation, further it is a painless test thus these factors are expected to support the growth of the global echocardiography market over the forecast period.
However, unfavorable reimbursement scenario is major factor expected to restraint the growth of the global echocardiography market over the forecast period.
Europe market dominates the global echocardiography market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to presence of well-developed healthcare infrastructure in the region. North America accounts for second-largest revenue share contribution to the global echocardiography market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years, owing to the developing healthcare infrastructure, increasing number of cases for cardiovascular diseases, and increasing funding for research and development by the players operating in the market.
Global echocardiography market segmentation, by type:
- Transthoracic Echocardiogram
- Transesophageal Echocardiogram
- Stress Echocardiogram
- Others (Fetal and Intracardiac Echocardiograms)
Global echocardiography market segmentation, by technology:
- 3D and 4D
- Doppler Imaging
Global echocardiography market segmentation, by end user:
- Hospitals/Cardiology Centers
- Ambulatory/Home Care
- Others (Research Institutes and Pharmaceutical Companies)
Global echocardiography market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- General Electric Company
- Philips Healthcare
- Siemens Healthcare
- Absolute Medical Services, Inc.
- Toshiba Medical Systems Corporation
- Samsung Electronics Co., Ltd.
- Fujifilm Holdings Corporation
- Esaote S.P.A.
- Chison Medical Imaging Co., Ltd.
- The Bracco Group
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