Selbyville, Delaware, Aug. 15, 2023 (GLOBE NEWSWIRE) --
Cardiovascular Ultrasound Systems Market size is expected to be worth USD 3.1 billion by the end of 2032, The rising advantages of echocardiography compared to invasive cardiac diagnostic procedures will positively anchor the market expansion. The demand for echocardiography has significantly grown as it enables healthcare professionals to evaluate cardiac conditions, such as valvular abnormalities, heart failure, and congenital heart diseases with high accuracy and no surgical intervention. It offers several benefits, including real-time imaging, portability, safety, and cost-effectiveness. The increasing prevalence of cardiovascular diseases and the consequent need for non-invasive diagnostic tools will propel the adoption of cardiovascular ultrasound systems.
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Transesophageal Echocardiography to witness high preference
The cardiovascular ultrasound systems market size from the transesophageal echocardiography (TEE) segment is projected to record robust development through 2032. TEE techniques offers several advantages over conventional transthoracic echocardiography, including improved image quality, better visualization of certain cardiac structures, and the ability to assess difficult areas. The increasing prevalence of cardiovascular disorders along with the expanding application of TEE in clinical practices will play an important role in the industry expansion.
High demand from ambulatory care centers
The cardiovascular ultrasound systems market size from the ambulatory care centers (ASCs) segment generated substantial revenue in 2022. ASCs provide outpatient services and have gained immense popularity due to their convenience, cost-effectiveness, and ability to deliver specialized care. The portability and ease of use of cardiovascular ultrasound systems make them ideal for use in these settings, allowing healthcare professionals to perform on-site cardiac assessments and provide immediate patient care.
Asia Pacific to emerge as a lucrative market destination
Asia Pacific held sizable share of the global cardiovascular ultrasound systems industryand is anticipated to expand at a considerable CAGR from 2023-2032 driven by the increasing prevalence of cardiovascular diseases, the rapidly aging population, and the rising healthcare expenditure. Additionally, the influx of technological advancements have led to the introduction of innovative imaging techniques. Multiple governments in several countries are also focusing on expanding their healthcare infrastructure and promoting early diagnosis and treatment of cardiovascular diseases, creating favorable environment for the market expansion.
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Cardiovascular Ultrasound Systems Market Participants
Medical Electronics Co., Ltd. (Mindray), Hitachi Medical Corp., GE Healthcare, Siemens Healthineers AG, Koninklijke Philips, Shenzhen Mindray Bio, Fujifilm Sonosite, Inc., Health Catalyst (KPI Healthcare Inc.), Esaote SpA, Samsung Medison Co. Ltd., and Canon Medical Systems Corporation, are some of the top firms operating in the industry.
Cardiovascular Ultrasound Systems Market News
- In April 2022, GE Healthcare launched its 4D Cardiovascular Ultrasound imaging system, Vivid E9 in India, allowing doctors to predict disease and heart problems by performing single-beat ultrasound scan in less than eight seconds
Partial Table of Contents (ToC) of the report:
Chapter 3 Cardiovascular Ultrasound Systems Industry Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Increasing prevalence of cardiovascular diseases
3.3.1.2 Rise in technological advancements
3.3.1.3 Advantages of echocardiography over invasive cardiac diagnostic procedures
3.3.1.4 Increasing demand for point-of-care ultrasound
3.3.2 Industry pitfalls & challenges
3.3.2.1 Unfavorable reimbursement scenario
3.3.2.2 Dearth of skilled and experienced sonographers
3.4 Growth potential analysis
3.4.1 By type
3.4.2 By technology
3.4.3 By display
3.4.4 By end-use
3.5 COVID- 19 impact analysis
3.6 Regulatory landscape
3.6.1 U.S.
3.6.2 Europe
3.7 Porter's analysis
3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Competitive dashboard, 2022
4.4 Company market share, 2022
4.5 Vendor matrix analysis, 2022
4.6 Competitive analysis of major market players
4.7 Competitive positioning matrix
4.8 Strategic outlook matrix
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