Cardiovascular Ultrasound Market is expected to be worth US$ 2.6 billion by 2032 | FMI
The Cardiovascular Ultrasound Market revenues were estimated at US$ 1.2 Billion in 2021 and is anticipated to grow at a CAGR of 7.2% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach US$ 2.6 Billion.
The market is predicted to grow as
preventative medicine becomes more widely used and the prevalence of
Cardiovascular Diseases (CVDs) rises. Outpatient imaging services were
negatively impacted by the COVID-19 pandemic, which impeded global market
growth.
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Coronary heart disease, heart
attack, and stroke are among the most common causes of death in the United
States. CVD predisposition has grown as a result of changing lifestyles.
According to the CDC, 28.2 million persons in the United States were diagnosed
with heart disease in 2017. Ultrasound technology is used to check for
anomalies in the heart's function, such as cardiac pumping capacity, valve
function, and plaque in the heart.
Ultrasound imaging is a noninvasive
medical diagnostic tool that helps doctors diagnose and treat medical issues.
The images of the veins and arteries in the body are produced by vascular ultrasonography.
A Doppler ultrasound scan is often
part of a vascular ultrasound evaluation. They can also show blood flowing
through arteries. The global cardiovascular ultrasound treatment market is
being driven by factors such as the rising prevalence of heart diseases and the
growing acceptability of cardiovascular ultrasound systems over older invasive
cardiac diagnostic procedures.
Competitive Landscape
Some of the prominent players in the
cardiovascular ultrasound market include GE
Healthcare, Koninklijke Philips, Siemens Healthineers AG, Hitachi Medical
Corp., Samsung Medison Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co.,
Ltd., Chison Wuxi Xiangsheng Medical Technology Co., Ltd., and Fujifilm
Sonosite, Inc.
Some of the recent developments of
key Cardiovascular Ultrasound providers are as follows:
- In October 2020, GE Healthcare got FDA 510k clearance for their extreme edition
package of vivid cardiovascular ultrasound devices, which contains new
artificial intelligence (AI)-based features that enable doctors to obtain
faster, more consistent assessments.
- In October 2020,
Royal Philips introduced the Ultrasound 3300 in India. OB/GYN,
cardiovascular imaging, and general imaging are a few of the applications
for the device.
- In August 2020, Philips announced the release of its new Affiniti CVx and 7.0
for EPIQ CVx cardiovascular ultrasound systems, which include enhancements
to boost diagnostic confidence and improve the user experience.
Market Segments Covered in
Cardiovascular Ultrasound Market Analysis
By Type:
- Fetal Echocardiography
- Transthoracic Echocardiography
- Transesophageal Echocardiography
- Others
By Technology:
- 2D
- 3D/4D
- Doppler
By Display Type:
- B/W
- Color
By End-use:
- Hospitals
- Diagnostic Centers
- Ambulatory Care Centers
- Other End-uses
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