Cardiovascular Ultrasound Market has increased due to increase in the incidence of cardiovascular diseases, changing lifestyle of people, increase in incidence of diabetes and other risk factors favoring the growth of this market. Increase in demand of cardiovascular ultrasound imaging system in hospitals for diagnosis of heart disease or before any surgical procedure favor the growth of this market.
Development of noninvasive medical devices has paved the way for the development of cardiovascular ultrasound devices. Market focused reports connected to the healthcare sector among others of late have been made accessible by Market Research Future which publishes reports on this industry. The market is expected to develop with a 6.3 percent CAGR while achieving revenues worth US$ 1.72 billion in 2023 in the forecast period.
Cardiology is one of the most rapidly growing and demand generating sector in the healthcare industry. Many innovations have been made in terms of the diagnosis and treatment methods for cardiac ailments, which also includes cardiac ultrasound devices. Increase in incidence of cardiovascular diseases, increased adoption of cardiovascular ultrasound is expected to drive the expansion of the market favorably in the forecast period from 2017 to 2023.
Cardiovascular Ultrasound Market – Key Players
Some of the key players in this market are:
- GE Healthcare (U.S.)
- Philips Healthcare (The Netherlands)
- Siemens Healthcare (Germany)
- Hitachi Medical Corporation (Japan)
- Toshiba Medical Systems Corporation (Japan)
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Global Cardiovascular Ultrasound Market – Competitive Analysis
June 2017 – Hitachi Healthcare Americas introduced the “LISENDO 880,” new premium 2D and 3D cardiovascular ultrasound system at the American Society of Echocardiography 2017 in Baltimore, Maryland. AS per company reports, the advanced architecture of the LISENDO 880 offers state of the art probe technology for 2D and 3D imaging, a high-performance OLED display, premium image optimization parameters such as e-Focus and Pure Symphonic Architecture to capture the subtlest of changes and produce the highest-quality sound. There are many features of LISENDO 800 such as dynamic 3D evaluation, LVeFlow, Dual Gate Doppler, Eyeball EF, 2DTT, and FAM, provide solutions for the most difficult clinical challenges. Additionally, applications like VFM, eTracking and Wave Intensity move hemodynamic evaluations beyond the basics.
June 2014 – GE Healthcare, had received clearance from the Food and Drug Administration (FDA) for its Vivid T8TM cardiovascular ultrasound device. As per reports, GE had enhanced the reach of the Vivid T8 by combining the established cardiac imaging capabilities of GE Vivid systems with exceptional performance of the company’s LOGIQTM systems. The Vivid T8, cardiovascular ultrasound system is rugged, reliable, robust, and is affordable and convenient to use. It had been designed and rigorously tested for high reliability, the Vivid T8, mobile system intended for use in a variety of traditional as well as harsh, demanding environments. It delivers a hardy robustness that stands up to the challenges of even the busiest ultrasound imaging practices and clinical settings.
Cardiovascular Ultrasound Market – Dynamics
Drivers
Lower cost as compared to computed tomography and magnetic resonance imaging are critical economic factors of the market. The high quality and real-life images produced by 3D cardiovascular ultrasound coupled with the detailed representation afforded by cardiovascular ultrasound are the leading clinical drivers of the market. Further technological advantage is being afforded by Doppler ultrasound which has found applications in cardiac and metabolic disease diagnosis.
Increase incidence of cardiovascular diseases, growing demand for noninvasive treatment, rise in risk factors such as smoking, sedentary lifestyles, alcoholism, fatty and saturated food intake and others also drive the market. Miniaturization and portability have resulted in application of cardiovascular ultrasound for remote telecardiology programs in inaccessible areas.
Restraints
Technological challenges relating to frame rate and temporal and spatial resolution have constrained the market. High costs and the comparative nascent state of the technology such as 2-D speckle tracking is hampering the market.
The awareness and regulations regarding saturated fats, presence of foods such as cereals, fish and milk products in traditional diets of Asia Pacific, Africa and Latin America are social and dietary constrains on the market.
Global Cardiovascular Ultrasound Market- Regional Analysis
The report has been segmented into four regions of America, Europe, Asia-Pacific and Middle East and Africa. North America is led by the U.S. is the largest market for cardiovascular ultrasound imaging. Fast uptake of new technology, high per capita income and large cardiopathy population coupled with large at-risk population are drivers of the U.S. market. The Centers for Disease Control and Prevention estimates approximately 73.5 million adults U.S. population with high cholesterol level.
Asia Pacific is expected to generate fastest market growth led by China and India. The growing menace of diabetes especially in the Indian market are factors favorable to the growth of Asia-Pacific market. The market is expected to generate moderate growth in the Middle East and Africa. The Middle East and Africa market is expected to be skewed in favor of the gulf economies of Saudi Arabia, UAE, Kuwait and others.
Cardiovascular Ultrasound Market – Segmentation
Global Cardiovascular Ultrasound Market has been segmented on the basis of type of imaging which includes transthoracic, trans esophageal, echocardiograms, stress, and abdominal vasculature ultrasound imaging, on the basis of imaging technology which includes 2D, 3D and Color Doppler. End user are hospitals and clinics, diagnostic centers and others.
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