Global Cardiovascular Ultrasound System Market By Test Type (Transthoracic Echocardiogram, Transesophageal Echocardiogram, Stress Echocardiogram), By Technology (2D, 3D & 4D, Doppler Imaging), By Device Display (Color Display, Black & White Display), By End User (Hospitals or Cardiology Centers, Ambulatory clinics, Home Care Centers, Research Institutes, Medical Device and Pharmaceutical Companies), By Geography - Industry Trends and Forecast to 2024.
Market Analysis: Global Cardiovascular Ultrasound System Market
The Global Cardiovascular Ultrasound System Market accounted to USD 1.27 billion in 2016, at a CAGR of 5.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Cardiovascular Ultrasound System Market
Prevalently increase in the number of cardiovascular diseases raise the demand of cardiovascular ultrasound system for the diagnosis. The market is driven probably due to there are many technological advancements and advantages of echocardiography over invasive cardiovascular diagnostic procedures.
Major Market Drivers and Restraints:
- Prevalence of cardiovascular
- Technological Advancements
- Advantages of echocardiography over invasive cardiac diagnostic procedures
- Unfavorable reimbursement aspect
- Economic impact of adopting new technologies
Market Segmentation: Global Cardiovascular Ultrasound System Market
The global cardiovascular ultrasound system market is segmented by test type into transthoracic echocardiogram, transesophageal echocardiogram, stress echocardiogram and other echocardiogram.
By Technology the market is segmented into 2D, 3D & 4D and Doppler imaging.
By Device Display the market is segmented in color display and black & white display.
By End User the market is segmented in hospitals or cardiology centers, ambulatory clinics, home care centers, research institutes, medical device and pharmaceutical companies.
On the basis of geography, global cardiovascular ultrasound system market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis: Global Cardiovascular Ultrasound System Market
The global cardiovascular ultrasound system market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global cardiovascular ultrasound system market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Cardiovascular Ultrasound System Market
Some of the major players operating in global cardiovascular ultrasound system market are Toshiba Medical Systems Corporation, Siemens AG, GE Company, Koninklijke Philips N.V., Whale Imaging, KPI Healthcare Inc., Lantheus Medical Imaging, Inc., Fujifilm Holdings Corporation, Hitachi, Ltd., Toshiba Medical System Corporation, Atys medical, Supersonic Imagine, Trivitron Healthcare, Samsung Electronics Co., Ltd., Chison, Esaote SpA, Kalamed Medical Systems, Unetixs Vascular, Inc., and Ultrasound Technologies Ltd. among others
Research Methodology: Global Cardiovascular Ultrasound System Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call
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Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.