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Cardiovascular Ultrasound System Market by Test Type, Technology, Device Display, End User - Forecast to 2021

Cardiovascular Ultrasound System Market: Forecast until 2021

  • December 2016
  • 164 pages
  • ID: 4499026
In this report:
In 2016, the hospitals and cardiology centers segment is expected to account for the largest share of the cardiovascular ultrasound systems market, by end user, in the U.S. The regional segment is projected to reach USD ##.## million by 2021 from USD ##.## million in 2016, at a CAGR of ##.##% during the forecast period.
In 2016, Europe is expected to account for the largest share of ##.##% of the global cardiovascular ultrasound systems market, followed by North America with ##.##% share.

Summary

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The cardiovascular ultrasound system market is estimated to grow ~$1.7B by 2021 from ~$1.3B in 2016, increasing at a compound annual growth rate (CAGR) of 5.4% during the forecast horizon. Growing incidence of cardiovascular diseases, technological improvements, and advantages of echocardiography over invasive cardiovascular diagnostic procedures will boost the increase of the cardiovascular ultrasound system market. Nevertheless, insufficient reimbursement scenario and economic impact of adopting new technologies are selecting the increase of the market. In this market report, the industry is mostly broken down on the basis of test type, technology, device display, final user, and area.

Established on test type, the cardiovascular ultrasound system market is classified into transthoracic echocardiogram, stress echocardiogram, transesophageal echocardiogram, and fetal & pediatric echocardiogram. The stress echocardiogram segment is planned to account for the biggest market share in 2016.

This is due to the main advantage of the stress echocardiogram that it can provide data of the cardiac muscles and valves before and after the stress of the heart muscle.

On the basis of end user, 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 intended to account for the largest market share in 2016. The home care & ambulatory segment is projected to register the highest compound annual growth rate (CAGR) during the estimate period due to growth in the usage of echocardiographs at the patient's house itself.

EU is forecasted to account for the biggest share of the market in 2016. Elements such as increasing product commercialization, development in clinical applications of high intensity focused ultrasound along their early commercialization in Europe (EU), and increasing emphasis on non-invasive procedures by patients and physicians are driving the market increase in this area. The Asia Pacific (APAC) area is forecasted to be the quickest-increasing area in the sector during the outlook period as it is an emerging market and offers increase opportunities including healthcare spending, rise in industry research and innovative projects, and medical tourism.

Top players in the cardiovascular ultrasound system market contain GE Healthcare (GE subsidiary), Philips Healthcare (Philips's subsidiary), Siemens Healthcare, Toshiba Medical Systems Corporation, and Hitachi Medical Corporation.

Segment Research

The market study includes the overall cardiovascular ultrasound system market, by test type, technology, device display, end-user, and area, to estimate the total market size during 2014 to 2021. This business report also includes the drivers, industry restraints, possibilities and threats of the market together with the competitive landscape of the market actors.

Why acquiring this study can help you:

This market research has emphasized several levels of analysis, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth market segments; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on cardiovascular ultrasound products and services provided by the top actors in the overall cardiovascular ultrasound system market

• Product Development/Innovative products: In-depth understanding on analysis & growth activities, and recent product launches in the cardiovascular ultrasound system market

• Market Development: Highlighted information about profitable emerging sectors - the market research examines the industries for cardiovascular ultrasound across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall cardiovascular ultrasound system market

• opposing assessment: Detailed assessment of strategies, products, and manufacturing competences of the key players in the overall cardiovascular ultrasound system market

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