Echocardiography Market Size, Share, Forecast Report 2021-2030
The global Echocardiography market gathered revenue around USD 1.6 Billion in 2020 and market is set to grow USD 2.3 Billion by the end of 2030. The global Echocardiography market is estimated to expand at a modest CAGR of 6% during the prediction period2021 to 2030. Echocardiography is a medical test that utilizes sound waves to create a live image of the heart known as electrocardiogram (ECG). This test enables doctors to monitor the condition of the heart of the patient and understand its function. This test or procedure is widely used to diagnose any heart condition, especially a heart attack, even in unborn babies. ECG is also utilized to diagnose heart defects. Transthoracic echocardiography is a highly preferred and painless type of echocardiography.
North America dominated the global echocardiography market in 2020, followed by Europe and Asia Pacific. North America is the leading market for cardiovascular devices, including echocardiography devices, primarily due to high awareness about available medical treatments, significant infrastructure investment supporting medical treatments, and adoption of new and innovative products.
This research report purposes at stressing the most lucrative growth prospects.The aim of the research report is to provide an inclusive valuation of the Echocardiography market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Echocardiography market reportaids in comprehendingmarket structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-downimpact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilaracross various industry verticals. The research reportofferspresent short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lastingtactics for recovery and by region.
Echocardiography market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplish sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share.Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Echocardiography Market are:
The market. Key players include General Electric Company, Koninklijke Philips N.V., Siemens Healthcare Private Limited, Canon Medical Systems Corporation, Esaote S.p.A, Samsung Electronics Co., Ltd., Fujifilm Holdings Corporation, Hitachi Medical Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Bay Labs, Inc., Bracco Imaging S.p.A, ContextVision AB, Digirad Corporation, and TELEMED Medical Systems.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects includingproduct type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2030 and covers subsequent region in its scope:
Global Echocardiography Market: Segmentation
- Echocardiography Market, by Test Type
- Transthoracic Echocardiogram
- Stress Echocardiogram
- Transesophageal Echocardiogram
- Echocardiography Market, by Product Type
- Handheld/Portable Echocardiography Devices
- Cart/Trolley-based Echocardiography Devices
- Echocardiography Market, by Technology
- Echocardiography Market, by End User
- Diagnostic Centers
By Regional Outlook
- United States
- United Kingdom
- Rest of EU
- Southeast Asia
- Rest of APAC
Central & South America
- Rest of Central & South America
Middle East and Africa
- North Africa
- South Africa