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Cardiovascular ultrasound system market set to grow by 5.4% CAGR to 2021

Medical Market Research

The global cardiovascular ultrasound system market is projected to reach USD 1.66 Billion by 2021 from USD 1.27 Billion in 2016, at a CAGR of 5.4% from 2016 to 2021.

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In this report, the cardiovascular ultrasound system market is segmented on the basis of test type, technology, device display, end user, and region. Based on test type, the cardiovascular ultrasound system market is categorized into transthoracic echocardiogram, transesophageal echocardiogram, stress echocardiogram, and other echocardiograms.

The other echocardiograms include fetal & intracardiac echocardiograms.

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Key Target Audience:

  • Cardiovascular ultrasound system manufacturers
  • Cardiovascular ultrasound system distributors and wholesalers
  • Pharmaceutical companies
  • Various research and consulting firms
  • Research institutes
  • Contract manufacturing organizations (CMOs)
  • Original equipment manufacturers (OEMs)

Europe is expected to account for the largest share of the market in 2016. Factors such as growing product commercialization, expansion in clinical applications of high intensity focused ultrasound (HIFU) coupled with their early commercialization in Europe, and growing emphasis on non-invasive procedures by patients and physicians are driving the market growth in this region.

The Asia-Pacific region is estimated to be the fastest-growing region in the market during the forecast period as it is an emerging market and provides growth opportunities such as healthcare spending, increase in research and innovation, and medical tourism.

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The growth of the cardiovascular ultrasound system market is propelled by increasing incidence of CVDs, technological advancements, and advantages of echocardiography over invasive cardiac diagnostic procedures. However, factors such as insufficient reimbursement scenario and economic impact of adopting new technologies are hindering the growth of the market.

Premium Insights

1 Global Cardiovascular Ultrasound System: Market Overview

2 Geographic snapshot: Cardiovascular Ultrasound System Market, By Test Type (2016)

3 Global Cardiovascular Ultrasound System Market, By Region, 2016–2021

4 Global Cardiovascular Ultrasound System Market, By Technology, 2016 vs 2021

The cardiovascular ultrasound system market is classified into hospitals, home care & ambulatory, and other end users (research institutes, laboratories, and pharmaceutical companies). The hospitals segment is estimated to account for the highest growth of the market in 2016 due to increasing usage of echocardiographs in hospitals especially in intensive care units (ICUs).

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Research Coverage

The market study covers the global cardiovascular ultrasound system market, by test type, technology, device display, end user, and region, to estimate the overall market size during 2014 to 2021. This report also covers the drivers, restraints, opportunities and threats of the market along with the competitive landscape of the market players.

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