An echocardiogram is a type of ultrasound examination, which uses high-pitched sound waves that pass through a device called a transducer. The device receives echoes of the sound waves as they bounce off to different areas of the heart. These echoes are converted into moving pictures of the heart, which can be seen on a video screen. Echocardiography is an important modality for diagnosing heart diseases. Multi-specialty hospitals with good infrastructure facilities and comprising more than 500 beds use over 10,000 cart-based, laptop/dockable, and portable/handheld echocardiography devices to diagnose and monitor patients. The growing technological advancements further help to develop three-dimensional (3D) modality software based on echocardiography systems to provide 3D images of the anatomical function of the heart.
The global echocardiography market will post a CAGR of more than 3.8% during the forecast period. The rising demand for 3D/4D echocardiography is one of the primary drivers for market growth. The benefits of 3D/4D echocardiography over the traditional echocardiography process is foreseen to drive the market in the future. Advantages such as faster diagnosis and quantification, detailed, accurate, and precise images of the heart with the rising awareness among physicians and end-users is anticipated to drive the adoption rates. Moreover, the 3D/4D echocardiography offers precise heart views with good image quality, which cannot be done with 2D data. For instance, the University of Colorado Hospital is implementing the 3D real-time (3D/4D) TEE echocardiography systems such as iE33 system developed by Koninklijke Philips due to its high and precise image capability and ease of use. Therefore, the rising number of multispecialty hospitals, mounting healthcare expenditure, and well-established infrastructure capabilities will raise the adoption rate of 3D/4D echocardiography and in turn propel the growth of the echocardiography market.
Tier-1 players dominate the global echocardiography market and these players have strong positions compared to the Tier-2/Tier-3 vendors. The market competition will rise with the technological advancements and new product launches. Moreover, the manufacturers develop and introduce innovative products like 4D imaging-capable devices, mobile cloud-based software to offer patient satisfaction.
In 2019, the market size of Echocardiography is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Echocardiography.
This report studies the global market size of Echocardiography, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Echocardiography production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
GE Healthcare
Koninklijke Philips
Siemens Healthcare
Toshiba Medical Systems
ALPINION MEDICAL SYSTEMS
Bay Labs
Biosense Webster
Boston Scientific
Bracco Imaging
Carestream Health
CHISON
ContextVision
Digirad
Ecare Medical Technology
Esaote
Fujifilm
Hitachi
MediMatic
Mobisante
Samsung Medison
MIDAS Software Solutions
St. Jude Medical
TELEMED Medical Systems
Market Segment by Product Type
Cart/trolley -based echocardiography devices
Portable/handheld echocardiography devices
Market Segment by Application
Hospitals
Diagnostic centers
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Echocardiography status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Echocardiography manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Echocardiography are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Echocardiography. Industry analysis & Market Report on Echocardiography is a syndicated market report, published as Global (United States, European Union and China) Echocardiography Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Echocardiography market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.