Global Cardiovascular Ultrasound Market to Progress with 6.12% CAGR in 2022-2028

 

 Triton Market Research presents the Global Cardiovascular Ultrasound Market report segmented by Technology (Doppler, 2D, 3D/4D), by Display (Black and White, Color), by End-user (Hospitals, Ambulatory Care Centers, Diagnostic Centers, Other End-users), by Type (Fetal Echocardiography, Transesophageal Echocardiography, Transthoracic Echocardiography, Other Types), by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), discussing Market Summary, Industry Outlook, Market Drivers, Market Challenges, Market Opportunities, Competitive Landscape, Research Methodology & Scope, and Global Market Size, Forecasts, & Analysis (2022-2028).

Triton Market Research’s report on the Global Cardiovascular Ultrasound Market implies that it would progress with a CAGR of 6.12% over the forecasting years from 2022 to 2028.

 


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Cardiovascular diseases claimed nearly 19.05 million lives globally, in 2020. The enhanced incidence rate of these diseases has augmented the demand for cardiovascular ultrasound equipment to detect any heart health-related problems in a timely manner. The growing adoption is thus expected to foster the market growth in the coming years.

However, the lack of awareness among people about cardiovascular diseases and their diagnostic and treatment modalities acts as a deterrent to market growth. Moreover, several misconceptions among the general public regarding cardiac ultrasound further restrains this growth.

North America accounted for the largest share in the global market in 2021, and is expected to continue its reign until the end of the projected period. In the United States, heart disease is the leading cause of death among men, women, and individuals from most racial & ethnic groups. The growing incidence of cardiovascular diseases has surged the demand for cardiovascular ultrasound systems in the region.

Siemens Healthineers, Samsung Medison Co Ltd, Canon Medical Corp, Fujifilm Holdings Corporation, Zoncare, Lanmage, Leltek Inc, GE Healthcare, Esaote S.p.A., Viatom Technology Co, Philips Healthcare, Clarius, Telemed Ultrasound Medical Systems, Dawei Medical, and Mindray Medical International Limited are some of the notable players in the cardiovascular ultrasound market.

The leading players do not possess major shares in the market, so the market is not fragmented. However, the competitive rivalry among them is significantly high. Manufacturers routinely launch new and innovative products with advanced features in a bid to strengthen their footing and outdo industry rivals. For instance, in October 2019, Siemens Healthineers launched a new ultrasound system, called ACUSON Redwood, with AI-powered tools for smart workflows and advanced features for cardiology applications.

 

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