Market Overview:
The global echocardiography market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of cardiovascular diseases, technological advancements in echocardiography devices, and rising demand for minimally invasive procedures. The global echocardiography market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cart/trolley-based echocardiography devices and portable/handheld echocardiography devices. The cart/trolley-based echocardiography devices segment is expected to dominate the global market during the forecast period owing to its large size and high accuracy levels.
Product Definition:
Echocardiography is an ultrasound examination of the heart. It uses high-frequency sound waves to create images of the heart muscle and valves. These images can help doctors diagnose and treat heart problems.
Cart/trolley -based echocardiography devices:
Cart/trolley-based echocardiography devices are used to record the heart's activity during an examination. It is a portable system that includes components like transducer, cables, and monitor. The device can be wheeled around to different positions while conducting the examination which makes it easy for doctors conducting multi-observer study in a single location.
Portable/handheld echocardiography devices:
Portable/handheld echocardiography devices are used for the visualization of heart structure and function during a medical examination. These devices have witnessed tremendous growth in recent years due to technological advancements, increasing prevalence of cardiovascular diseases, and rising demand for point-of-care testing.
Application Insights:
Based on application, the global echocardiography market is segmented into hospitals and diagnostic centers. Hospitals held the largest share in 2017 owing to factors such as a high prevalence of cardiovascular diseases and rising awareness about cardiac imaging among hospital personnel. In addition, an increase in the number of cardiology departments at hospitals has also positively influenced market growth.
Diagnostic centers are expected to be fastest growing segment over the forecast period due to factors such as availability of advanced equipment along with highly skilled technicians and staff members, presence of dedicated echocardiography rooms at these centers equipped with latest technology products, regular training programs for staff members by manufacturers regarding new product launches etc. These facilities provide better quality images thus increasing demand from healthcare professionals for routine screening procedures which eventually boosts industry growth across regions worldwide.
Regional Analysis:
North America dominated the global echocardiography market in 2017. This can be attributed to the presence of well-established healthcare facilities, availability of advanced products, and high adoption rate for new technologies among patients and physicians. Moreover, increasing prevalence of cardiac disorders such as valvular heart diseases (VHD), cardiomyopathy, and arrhythmias is expected to drive regional growth during the forecast period. In addition, favorable reimbursement policies are also aiding in market growth.
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Rising geriatric population
- Growing demand for minimally invasive procedures
- Technological advancements in echocardiography equipment and techniques
- Rising healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Echocardiography Market Research Report
By Type
Cart/trolley -based echocardiography devices, Portable/handheld echocardiography devices
By Application
Hospitals, Diagnostic centers
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Echocardiography Market Report Segments:
The global Echocardiography market is segmented on the basis of:
Types
Cart/trolley -based echocardiography devices, Portable/handheld echocardiography devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Diagnostic centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Echocardiography Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cart/trolley -based echocardiography devices
- Portable/handheld echocardiography devices
- By Application:
- Hospitals
- Diagnostic centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Echocardiography Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Echocardiography is a technique used to view the heart using sound waves. The sounds are reflected off of the heart and captured by a microphone, which then creates an image that can be displayed on a monitor. Echocardiography can be used to diagnose problems with the heart, including abnormalities in size, shape, function and movement.
Some of the major companies in the echocardiography market are 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.
The echocardiography market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Echocardiography Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Echocardiography Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Echocardiography Market - Supply Chain
4.5. Global Echocardiography Market Forecast
4.5.1. Echocardiography Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Echocardiography Market Size (000 Units) and Y-o-Y Growth
4.5.3. Echocardiography Market Absolute $ Opportunity
5. Global Echocardiography Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Echocardiography Market Size and Volume Forecast by Type
5.3.1. Cart/trolley -based echocardiography devices
5.3.2. Portable/handheld echocardiography devices
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Echocardiography Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Echocardiography Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Diagnostic centers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Echocardiography Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Echocardiography Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Echocardiography Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Echocardiography Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Echocardiography Demand Share Forecast, 2019-2026
9. North America Echocardiography Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Echocardiography Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Echocardiography Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Diagnostic centers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Echocardiography Market Size and Volume Forecast by Type
9.7.1. Cart/trolley -based echocardiography devices
9.7.2. Portable/handheld echocardiography devices
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Echocardiography Demand Share Forecast, 2019-2026
10. Latin America Echocardiography Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Echocardiography Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Echocardiography Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Diagnostic centers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Echocardiography Market Size and Volume Forecast by Type
10.7.1. Cart/trolley -based echocardiography devices
10.7.2. Portable/handheld echocardiography devices
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Echocardiography Demand Share Forecast, 2019-2026
11. Europe Echocardiography Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Echocardiography Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Echocardiography Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Diagnostic centers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Echocardiography Market Size and Volume Forecast by Type
11.7.1. Cart/trolley -based echocardiography devices
11.7.2. Portable/handheld echocardiography devices
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Gowth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Echocardiography Demand Share, 2019-2026
12. Asia Pacific Echocardiography Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Echocardiography Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Echocardiography Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Diagnostic centers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Echocardiography Market Size and Volume Forecast by Type
12.7.1. Cart/trolley -based echocardiography devices
12.7.2. Portable/handheld echocardiography devices
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Echocardiography Demand Share, 2019-2026
13. Middle East & Africa Echocardiography Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Echocardiography Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Echocardiography Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Diagnostic centers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Echocardiography Market Size and Volume Forecast by Type
13.7.1. Cart/trolley -based echocardiography devices
13.7.2. Portable/handheld echocardiography devices
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Echocardiography Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Echocardiography Market: Market Share Analysis
14.2. Echocardiography Distributors and Customers
14.3. Echocardiography Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Healthcare
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Koninklijke Philips
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens Healthcare
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Toshiba Medical Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ALPINION MEDICAL SYSTEMS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bay Labs
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Biosense Webster
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Boston Scientific
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bracco Imaging
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Carestream Health
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CHISON
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ContextVision
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Digirad
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ecare Medical Technology
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Esaote
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Fujifilm
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hitachi
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. MediMatic
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Mobisante
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Samsung Medison
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
