The Global Cardiovascular Ultrasound Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 – 2023 Report has been published. It provides updated in 2018 year analysis of industries from Healthcare, Medical Devices, Medical Imaging, Ultrasound Markets.
An ultrasound system creates images known as sonograms. The global cardiovascular ultrasound system market is expected to rise at a CAGR of 6% during the forecast period 2016-2023. The key factor contributing to the market are technological advancement, increasing prevalence of cardiovascular diseases, advantage of echocardiography over invasive cardiac diagnostic procedures as well as increasing healthcare expenditure. According to Institute Of Health Metrics And Evaluation, global spending on health is expected to reach to $ 18.28 trillion worldwide by 2040. However, economic influence of adopting new technologies and insufficient reimbursement scenario are restraining the growth of cardiovascular ultrasound system market.
Global cardiovascular ultrasound system market report covers segmentation analysis of test type, technology, device display and end user. Report further covers segments of test type which includes transthoracic echocardiogram, transesophageal echocardiogram, stress echocardiogram and other echocardiograms. The stress echocardiogram is the leading test type segment in 2016. This is owing to the major advantages such as ready availability, incremental value, low capital cost that allows characterization of cardiac anatomy and myocardial response to a potentially ischemic stimulus. Moreover, stress echocardiogram provide data of cardiac muscle and valves before as well as after the stress of the heart and muscle. Report further covers segments of technology which includes 2D Ultrasound, 3D & 4D ultrasound and doppler imaging. The device display of cardiovascular ultrasound system market includescolordisplay and black & white display. Whereas the end users of cardiovascular ultrasound system market include hospital and cardiology centers, home and ambulatory care settings and others end users. The home and ambulatory care settings segment is expected to grow at fastest rate during the forecast period owing to growing the usage of echocardiographs at the patient’s house.
Geographically, Europe is the largest market region for global cardiovascular ultrasound system market in terms of market revenue share in 2015. The key factors driving the market growth in Europe region is increasing cardiovascular disease. According to European heart network in Europe, each year cardiovascular disease causes around 3.9 million deaths in Europe. However, Asia Pacific is expected to emerge as the fastest growing market region during the forecast period 2016-2023 owing to increasing healthcare expenditure and medical tourism.
The major key players in this market such as Siemens Healthcare (Germany) Philips Healthcare( NetherLand), Toshiba Medical System Corporation (Japan), Mindray Medical International Limited (China) Hitachi Medical Corporation (Japan) and others. These players adopt various strategies including merger, partnership, new product development, collaboration, investment and expansion in the cardiovascular ultrasound system market.
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