An echocardiogram is a type of ultrasound examination, which uses high-pitched sound waves that pass through a device called a transducer. The device receives echoes of the sound waves as they bounce off to different areas of the heart. These echoes are converted into moving pictures of the heart, which can be seen on a video screen. Echocardiography is an important modality for diagnosing heart diseases. Multi-specialty hospitals with good infrastructure facilities and comprising more than 500 beds use over 10,000 cart-based, laptop/dockable, and portable/handheld echocardiography devices to diagnose and monitor patients. The growing technological advancements further help to develop three-dimensional (3D) modality software based on echocardiography systems to provide 3D images of the anatomical function of the heart.
The global echocardiography market will post a CAGR of more than 3.8% during the forecast period. The rising demand for 3D/4D echocardiography is one of the primary drivers for market growth. The benefits of 3D/4D echocardiography over the traditional echocardiography process is foreseen to drive the market in the future. Advantages such as faster diagnosis and quantification, detailed, accurate, and precise images of the heart with the rising awareness among physicians and end-users is anticipated to drive the adoption rates. Moreover, the 3D/4D echocardiography offers precise heart views with good image quality, which cannot be done with 2D data. For instance, the University of Colorado Hospital is implementing the 3D real-time (3D/4D) TEE echocardiography systems such as iE33 system developed by Koninklijke Philips due to its high and precise image capability and ease of use. Therefore, the rising number of multispecialty hospitals, mounting healthcare expenditure, and well-established infrastructure capabilities will raise the adoption rate of 3D/4D echocardiography and in turn propel the growth of the echocardiography market.
Tier-1 players dominate the global echocardiography market and these players have strong positions compared to the Tier-2/Tier-3 vendors. The market competition will rise with the technological advancements and new product launches. Moreover, the manufacturers develop and introduce innovative products like 4D imaging-capable devices, mobile cloud-based software to offer patient satisfaction.
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The global Echocardiography market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Echocardiography volume and value at global level, regional level and company level. From a global perspective, this report represents overall Echocardiography market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in Echocardiography Market report are Koninklijke Philips, Siemens Healthcare, Toshiba Medical Systems, Alpinion Medical Systems, Bay Labs, Biosense Webster, Boston Scientific, Bracco Imaging and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Table of Content
1 Echocardiography Market Overview
2 Global Echocardiography Market Competition by Manufacturers
3 Global Echocardiography Production Market Share by Regions
4 Global Echocardiography Consumption by Regions
5 Global Echocardiography Production, Revenue, Price Trend by Type
6 Global Echocardiography Market Analysis by Applications
7 Company Profiles and Key Figures in Echocardiography Business
8 Echocardiography Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Echocardiography Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source