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Echocardiography Market 2028 Provides Growth Forecast and Upcoming Trends Opportunities by Types, Development Factors | Introspective Market Research

Echocardiography Market

Echocardiography MarketMarket Overview:

Echocardiography Market size is projected to reach USD 13,706.38 Million by 2028 from an estimated USD 1355.05 Million in 2021, growing at a CAGR of 47.06% globally.

Echocardiography broadly refers to the application of diagnostic ultrasound to the heart and cardiovascular system. The imaging equipment used, as well as the principles underlying image generation, are similar to those used in other sonographic applications. Its primary application is to non-invasively diagnose and guide the treatment of cardiovascular disease. The most common echocardiography technique is transthoracic echocardiography (TTE). Echocardiography is a tool that aids in the early detection of myocardial infarction by demonstrating regional wall motion abnormalities in the heart. It is also useful in the treatment and follow-up of patients with heart failure by assessing ejection fraction. Cardiomyopathies such as hypertrophic cardiomyopathy, dilated cardiomyopathy, and others can be detected using echocardiography. Stress echocardiography may also be used to determine whether any chest pain or associated symptoms are caused by heart disease.

Major Key Players for Echocardiography Market:

  • 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
  • TELEMED Medical Systems
  • General Electric Company
  • Koninklijke Philips N.V.
  • Siemens Healthcare Private Limited
  • Canon Medical Systems Corporation
  • Esaote S.p.A

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Market Dynamics and Factors:

The most significant benefit of echocardiography is that it is non-invasive (does not require breaking the skin or entering body cavities) and has no known risks or side effects. With an increasing number of cardiovascular issues worldwide as a result of unhealthy lifestyles, smoking, pollution, and other factors, echocardiograph devices are seeing widespread use. This has also resulted in the existence of a separate echocardiograph device market. As a result, echocardiography equipment is now routinely used in the diagnosis, management, and follow-up of patients with any suspected or known heart disease. Cardiovascular diseases (CVDs) are the leading cause of death worldwide, claiming the lives of an estimated 17.9 million people each year. Thus, the rising number of cardiovascular diseases drives the market for electrocardiography.

Echocardiography Market Report Highlight:

  • In the Electrocardiography market, Resting ECG devices are expected to have the maximum market share, during the projected period. Resting ECG systems is designed to help improve clinical accuracy.
  • In the Echocardiography market, 3D/4D technology is expected to dominate the market share during the forecast period.
  • In the Electrocardiography market, Hospitals are expected to dominate the market share during the projected period.
  • The North American region is anticipated to grab the maximum market share of the Echocardiography market over the projected period. The large patient pool so the users are high in this region and the increasing prevalence of circulatory system disease with the considerable burden on the healthcare system fuels the growth of the market in this region.

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Key Industry Development:

  • In June 2021, The AcuNav Volume ICE (Intracardiac Echocardiography) catheter has received CE Mark from Siemens Healthineers, headquartered in Germany. It is a therapy-enabled imaging guide that allows for real-time, wide-angle visualization of heart anatomy during Structural Heart and Electrophysiology procedures.
  • In September 2020, AliveCor has begun operations. In India, the KardiaMobile 6L is a personal ECG device. The device aids in the detection of arrhythmias, also known as irregular heartbeats, such as atrial fibrillation (AFib), bradycardia, and tachycardia.

Echocardiography Market Segmentation:

Product Type

  • Resting ECG Devices
  • Stress ECG Devices
  • Holter Monitors
  • Implantable Loop Recorders
  • Event Monitors
  • MCT Devices
  • Smart ECG Monitors

 Technology

  • 2D
  • 3D/4D
  • Doppler

 End-User

  • Hospitals
  • Diagnostic Centers
  • Clinics
  • Others

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For this report, Introspective Market Research has segmented the Echocardiography Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

North America

  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Turkey
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Vietnam
  • Thailand
  • Rest of Asia-Pacific

Middle East & Africa

  • Saudi Arabia
  • South Africa
  • Iran
  • Rest of MEA

Latin America

  • Brazil
  • Argentina
  • Rest of LATAM

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Scope of the Report:

The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. Echocardiography Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.

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