Global Cardiovascular Ultrasound System Market to Reach USD 1.66 Bn by 2021, Predicts M&M in In-Demand Report Now Available at MarketPublishers.com20 Jan 2017 • by Natalie Aster
LONDON – By 2021, the worldwide market for cardiovascular ultrasound system is predicted to keep on growing and hit the USD 1.66 billion mark, registering a healthy CAGR of 5.4% during 2017-2021. As of the past year, the market was evaluated at USD 1.27 billion.
The market strong growth will be fueled by various favorable forces such as rising number of cardiovascular diseases incidence, technological advancements and innovations, as well as certain advantages of echocardiography over invasive cardiovascular diagnostic procedures. The global cardiovascular ultrasound system market growth could be significantly hampered by economic impact of new technologies adoption and weak reimbursement scenario.
Owing to advantages of stress echocardiogram test, this segment holds the lion’s share (based on test types) of the total market as of 2016. When it comes to end-users, the hospital segment is a leader in terms of market share. Meantime, the home care and ambulatory segment is anticipated to grow at the highest CAGR through 2021 given a considerable upsurge in the adoption of echocardiographs by patients at home.
The European market for cardiovascular ultrasound systems possessed the mammoth share in 2016 due to rising product commercialization, increasing number of clinical applications of high intensity focused ultrasound (HIFU) together with their early commercialization in the region and also the rising popularity of non-invasive procedures among doctors and patients. Meantime, the emerging market of the APAC region is projected to grow at the fastest rate through 2021 due to lucrative growth opportunities, rising expenditures on health care, development of medical tourism and upsurge in research and innovation.
The dominant participants in the global cardiovascular ultrasound system marketplace, among others, include GE Healthcare, Siemens Healthcare and Hitachi Medical Corporation.
In-demand M&M research report, “Cardiovascular Ultrasound System Market by Test Type, Technology, Device Display, End User - Forecast to 2021”, offers unique data on the global cardiovascular ultrasound system market performance. Also, it provides an overview of the market performance from 2014 till 2021. The publication covers the key market segments (on the basis of test type, technology, device display, end-user and region). Moreover, the report delves deep into the market dynamics, examining its drivers, challenges, restraints, prospects, opportunities and threats. The competitive landscape of the market and top participants are also canvassed in the report. High-growth segments together with high-growth regions are analysed here, too. In addition, the report provides details on the current and emerging trends, highlights the recent product launches, traces light on the market burning issues and concerns, offers valuable information on untapped geographies and lucrative investment opportunities. 11 detailed profiles of the dominant companies in the world’s cardiovascular ultrasound system market along with granular future forecasts up to 2021 are included in this topical research study.
Many other research reports prepared by M&M are available at this page at MarketPublishers.com.