Market Overview:
The global TEE ultrasound probes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of cardiovascular diseases. By type, the 2D TEE probe segment is expected to account for the majority share of the global TEE ultrasound probes market in 2018, followed by 3D/4D TEE probe segments.
Product Definition:
The ultrasound probe is a device that is inserted into the body in order to produce an image of the internal organs. The TEE ultrasound probe is a type of ultrasound probe that is specifically designed for use in the throat and esophagus. This type of ultrasound probe can be used to help diagnose problems with these areas of the body.
2D TEE Probe:
2D TEE probe is a new generation transesophageal echocardiography (TEE) probe that can be used for real-time visualization of the tricuspid valve and great vessels of the heart. The 2D TEE probes are advanced in technology as compared to other conventional 3D & 4D TEE probes available in the market.
3D/4D TEE Probe:
The 3D/4D TEE probe is a device used to obtain real-time images of the heart and great vessels. It is an advanced version of 2D TEE (Transesophageal Echocardiography) probe that helps in providing more accurate assessment of the function, structure and movement of organs during ultrasound procedures.
Application Insights:
The adult segment held the largest market share in 2017. The growing geriatric population, especially across the Asia Pacific and Europe, is expected to be a major factor driving this segment over the forecast period. Technological advancements such as 4D TEE probe are gaining popularity for diagnostic purposes in adults as well as neonates/pediatric patients.
Technological enhancements such as 3D/4D TEE probes have been introduced for better visualization of organs and tissues during medical procedures. These probes are used by cardiologists, interventional radiologists, surgeons and others during various medical procedures to ensure accurate diagnosis of heart conditions or other diseases that require surgical intervention or cardiac catheterization to access blood vessels or organs located deep within the body cavity (thoracic cavity).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by key players, rising adoption of technologically advanced products, and high healthcare expenditure in this region. In addition, favorable reimbursement policies are also expected to drive the regional demand for TEE ultrasound probes over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure and growing medical tourism industry in emerging countries such as India and China. In addition, an increase in government initiatives aimed at improving maternal care & health services is further expected to boost product demand during the forecast period in this region (Southeast Asia).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. TEE ultrasound probes are increasingly being used in minimally invasive surgeries as they offer high-resolution images and accurate diagnosis of problems in the heart and other organs.
- Growing geriatric population: The global geriatric population is expected to reach 1.6 billion by 2020, driven by the increasing life expectancy and falling fertility rates worldwide. This growing population segment is particularly susceptible to age-related health conditions such as heart disease, stroke, cancer, and dementia which can be diagnosed using TEE ultrasound probes accurately and effectively.
Scope Of The Report
Report Attributes
Report Details
Report Title
TEE Ultrasound Probes Market Research Report
By Type
2D TEE Probe, 3D/4D TEE Probe
By Application
Neonatal and Pediatric, Adult
By Companies
Philips, GE Healthcare, Canon, Hitachi, Siemens Healthineers, Mindray, Samsung Medison, Fujifilm Sonosite, BK Medical, Philips
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global TEE Ultrasound Probes Market Report Segments:
The global TEE Ultrasound Probes market is segmented on the basis of:
Types
2D TEE Probe, 3D/4D TEE Probe
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
Neonatal and Pediatric, Adult
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:
- Philips
- GE Healthcare
- Canon
- Hitachi
- Siemens Healthineers
- Mindray
- Samsung Medison
- Fujifilm Sonosite
- BK Medical
- Philips
Highlights of The TEE Ultrasound Probes 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:
- 2D TEE Probe
- 3D/4D TEE Probe
- By Application:
- Neonatal and Pediatric
- Adult
- 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 TEE Ultrasound Probes 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?
TEE Ultrasound Probes are a type of medical ultrasound probe that uses transducer technology to create high-resolution images of the body. TEE probes are often used to image the heart, lungs, and other organs in detail.
Some of the major companies in the tee ultrasound probes market are Philips, GE Healthcare, Canon, Hitachi, Siemens Healthineers, Mindray, Samsung Medison, Fujifilm Sonosite, BK Medical, Philips.
The tee ultrasound probes market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 TEE Ultrasound Probes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 TEE Ultrasound Probes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 TEE Ultrasound Probes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the TEE Ultrasound Probes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global TEE Ultrasound Probes Market Size & Forecast, 2018-2028
4.5.1 TEE Ultrasound Probes Market Size and Y-o-Y Growth
4.5.2 TEE Ultrasound Probes Market Absolute $ Opportunity
Chapter 5 Global TEE Ultrasound Probes Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 TEE Ultrasound Probes Market Size Forecast by Type
5.2.1 2D TEE Probe
5.2.2 3D/4D TEE Probe
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global TEE Ultrasound Probes Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 TEE Ultrasound Probes Market Size Forecast by Applications
6.2.1 Neonatal and Pediatric
6.2.2 Adult
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global TEE Ultrasound Probes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 TEE Ultrasound Probes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America TEE Ultrasound Probes Analysis and Forecast
9.1 Introduction
9.2 North America TEE Ultrasound Probes Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America TEE Ultrasound Probes Market Size Forecast by Type
9.6.1 2D TEE Probe
9.6.2 3D/4D TEE Probe
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America TEE Ultrasound Probes Market Size Forecast by Applications
9.10.1 Neonatal and Pediatric
9.10.2 Adult
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe TEE Ultrasound Probes Analysis and Forecast
10.1 Introduction
10.2 Europe TEE Ultrasound Probes Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe TEE Ultrasound Probes Market Size Forecast by Type
10.6.1 2D TEE Probe
10.6.2 3D/4D TEE Probe
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe TEE Ultrasound Probes Market Size Forecast by Applications
10.10.1 Neonatal and Pediatric
10.10.2 Adult
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific TEE Ultrasound Probes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific TEE Ultrasound Probes Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific TEE Ultrasound Probes Market Size Forecast by Type
11.6.1 2D TEE Probe
11.6.2 3D/4D TEE Probe
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific TEE Ultrasound Probes Market Size Forecast by Applications
11.10.1 Neonatal and Pediatric
11.10.2 Adult
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America TEE Ultrasound Probes Analysis and Forecast
12.1 Introduction
12.2 Latin America TEE Ultrasound Probes Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America TEE Ultrasound Probes Market Size Forecast by Type
12.6.1 2D TEE Probe
12.6.2 3D/4D TEE Probe
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America TEE Ultrasound Probes Market Size Forecast by Applications
12.10.1 Neonatal and Pediatric
12.10.2 Adult
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) TEE Ultrasound Probes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) TEE Ultrasound Probes Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) TEE Ultrasound Probes Market Size Forecast by Type
13.6.1 2D TEE Probe
13.6.2 3D/4D TEE Probe
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) TEE Ultrasound Probes Market Size Forecast by Applications
13.10.1 Neonatal and Pediatric
13.10.2 Adult
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 TEE Ultrasound Probes Market: Competitive Dashboard
14.2 Global TEE Ultrasound Probes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips
14.3.2 GE Healthcare
14.3.3 Canon
14.3.4 Hitachi
14.3.5 Siemens Healthineers
14.3.6 Mindray
14.3.7 Samsung Medison
14.3.8 Fujifilm Sonosite
14.3.9 BK Medical
14.3.10 Philips
