Cardiovascular Ultrasound Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Cardiovascular ultrasound is a noninvasive diagnostic method that utilizes high-frequency sound waves to generate images of the heart and its associated blood vessels. This imaging approach allows medical practitioners to observe the heart’s chambers, valves, walls, and blood vessels, offering comprehensive insights into its structure and performance.

Sizing and Forecast
The cardiovascular ultrasound market size has grown strongly in recent years. It will grow from $2.3 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%.  The  growth in the historic period can be attributed to rise in cardiovascular diseases, aging population, patient-friendly imaging, non-invasiveness and safety, increased awareness and education, reimbursement policies..

The cardiovascular ultrasound market size is expected to see strong growth in the next few years. It will grow to $3.18 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.  The growth in the forecast period can be attributed to focus on preventive healthcare, global aging population, value-based healthcare initiatives.. Major trends in the forecast period include advancements in imaging technology, artificial intelligence (ai) integration, point-of-care ultrasound (pocus) expansion, 3d/4d transesophageal echocardiography, telemedicine and remote monitoring, data management and connectivity..

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Segmentation & Regional Insights
The cardiovascular ultrasound market covered in this report is segmented –
1) By Type: Transthoracic Echocardiography, Transesophageal Echocardiography, Fetal Echocardiography, Other Types
2) By Technology: 2D, 3D Or 4D, Doppler
3) By Display: Black Or White (B/W), Color
4) By End-Use: Hospital, Diagnostic Centers, Ambulatory Care Centers, Other End-Uses

North America was the largest region in the cardiovascular ultrasound market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiovascular ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
An increasing number of diagnostic imaging centers is expected to boost the growth of the cardiovascular ultrasound market going forward. Diagnostic imaging centers are specialized healthcare facilities with advanced medical imaging technology to diagnose and monitor various medical conditions, such as cardiovascular diseases. Cardiovascular ultrasound, or echocardiography, is an essential diagnostic imaging modality used in diagnostic imaging centers to create real-time images of the heart and its blood vessels, allowing healthcare professionals to assess cardiac function and identify various cardiovascular conditions and abnormalities. For instance, in April 2022, according to the Department of Health and Social Care, a UK-based government department, 73 community diagnostic centers were in operation, conducting an additional 30,000 tests per week. These centers are projected to increase to 160 by 2025, reflecting a growth of 119.18%. Therefore, an increasing number of diagnostic imaging centers will drive the growth of the cardiovascular ultrasound market.

Key Industry Players
Major companies operating in the cardiovascular ultrasound market report are GE HealthCare Technologies Inc., Koninklijke Philips N.V., Siemens Healthineers AG, Hitachi Medical Corp., Samsung Medison Co. Ltd., Mindray Medical International Limited, Chison Wuxi Xiangsheng Medical Technology Co. Ltd., Fujifilm Sonosite Inc., Canon Medical Systems Corporation, Clarius Mobile Health, Dawei Medical (Jiangsu) Corp. Ltd., Esaote SpA, Fujifilm Holdings Corporation, Shenzhen Lanmage Medical Technology Co. Ltd., Leltek Inc., Telemed Ultrasound Medical Systems, Viatom Technology Co, Wuhan Zoncare Bio-medical Electronics Co. Ltd., Viatom Technology Co, Teratech Corporation, Shenzhen Bestman Instrument Co. Ltd., Biim Ultrasound AS, Leltek Inc., Dawei Medical (Jiangsu) Corp. Ltd., Wuhan Zoncare Bio-medical Electronics Co. Ltd., Shenzhen WELLD Medical Electronics Co. Ltd.

The cardiovascular ultrasound market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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