Echocardiography Market, By Test Type (Transthoracic Echocardiogram, Stress Echocardiogram, Transesophageal Echocardiogram, and Others), Product Type (Cart/Trolley-based Echocardiography Devices and Handheld/Portable Echocardiography Devices) By Technology (2D, 3D/4D, and Doppler), End User (Hospitals, Diagnostic Centers, Clinics, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Report Code: PMI482821 | Publish Date: May 2023 | No. of Pages: 177

Global Echocardiography Market Overview

An echocardiography is a test that uses ultrasound waves to create moving images of the heart. It is used to diagnose and treat diseases such congenital heart disease, heart failure, heart murmurs, pulmonary hypertension, and heart infection. Heart ultrasound or an echo test are other names for an echocardiogram. Blood clots in the heart and fluid in the sac around the heart can be detected with an echocardiogram. Transthoracic echocardiograms, transesophageal echocardiograms, and stress echocardiograms are among the various types of echocardiograms available. The most prevalent type of echocardiography is transthoracic echocardiography. The COVID-19 epidemic has put a burden on echocardiography laboratories and service providers on multiple levels. Healthcare providers and the general public have been observed scrutinising how care is given in hospitals and clinics. Echocardiography companies are stepping up their efforts to raise awareness about lessons learned from previous pandemics, such as SARS, that afflicted the worldwide healthcare community. Heart disease patients are at a higher risk of contracting the new coronavirus infection. As a result, companies in the echocardiography market are stepping up their efforts to ensure a steady supply of echocardiogram equipment to avoid compromising patient care and diagnosis. Stakeholders and healthcare organisations are teaching physicians to reduce the amount of time imager devices are exposed to light and to use point-of-care (POC) devices more frequently. The Echocardiography Market  accounted for US$ 1.02 billion in 2020 and is estimated to be US$ 1.70 billion by 2030 and is anticipated to register a CAGR of 5.30%.

Global Echocardiography Market Dynamics

Rising prevalence of heart disorders will drive the growth of the Market

The rising frequency of heart disorders, the growing geriatric population, and technical improvements in interventional cardiology equipment are all contributing to the growth of the intracardiac echocardiography market. Furthermore, the prevalence of heart disorders is increasing as a result of the population's current sedentary lifestyle, which is fueling market expansion. According to an article published in December 2020 by the American College of Cardiology titled 'Global Burden of CVDs and Risk Factors, 1990–2019,' the prevalence of cardiovascular diseases has nearly doubled from 271 million in 1990 to 523 million in 2019, generating demand for diagnosis and propelling market growth. For instance, According to an article published by the Australian Government's Australia Institute of Health and Welfare in September 2021 titled "Heart, stroke, and vascular disease—Australian facts," cardiovascular diseases were the leading cause of death in Australia in 2019, accounting for 42,300 deaths, or nearly 25% of all deaths. The high rate of mortality necessitates the use of early diagnostic and imaging techniques, which promotes market expansion.

In addition, technological advancements in the sector, such as the integration of intracardiac echocardiography with IVUS systems, as well as the rising capabilities of intracardiac echocardiography from 2-D echo to 3-D and 4-D echo imaging capabilities, all contribute to the market's growth.

However, constraints such as the high cost of intracardiac echocardiography, insufficient reimbursement, and a lack of awareness about this imaging modality in developing and undeveloped nations may limit the market's growth in the coming years.

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Global Echocardiography Market Segmentation

 

                                           

 

                                                         Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The Global Echocardiography Market is segmented based on test type, product type, end-user and region.

On the basis of Test Type, the Global Echocardiography Market is segmented into Transthoracic Echocardiogram, Stress Echocardiogram, Transesophageal Echocardiogram, and Others. Based on Product Type, the target market is segmented into Cart/Trolley-based Echocardiography Devices and Handheld/Portable Echocardiography Devices, Technology (2D, 3D/4D, and Doppler). Based on End-User, the target market is segmented into Hospitals, Diagnostic Centers, Clinics, and Others.

Regional Insights:

 

                                                                                                                                            Source: Prophecy Market Insights

                                              

On region the Global Echocardiography Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. During the forecast period, North America is expected to dominate the market. The increasing incidence of cardiac illnesses and expanding elderly population is likely to fuel the expansion of the intracardiac echocardiography market in the area, which will be aided by the well-developed infrastructure and technologically advanced healthcare system. Furthermore, according to statistics published by the American Heart Association in January 2019, nearly half of all Americans have a cardiovascular disease, which includes hypertension, coronary heart disease, and other conditions. The incidence of cardiac disorders is likely to promote market growth as intracardiac echocardiography is used for proper diagnosis and treatment of cardiac ailments.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Test Type- Transthoracic Echocardiogram, Stress Echocardiogram, Transesophageal Echocardiogram, and Others

By Product type– Cart/Trolley-based Echocardiography Devices and Handheld/Portable Echocardiography Devices

By End-User- Hospitals, Diagnostic Centers, Clinics, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Echocardiography Market report based on Test Type, Product Type, End-User and region.

Global Echocardiography Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Echocardiography Market Key Players

The key players operating in the echocardiography market are GE Healthcare (U.S.), Philips healthcare (The Netherlands), Siemens Healthcare (Germany), Hitachi Medical Corporation (Japan), and Toshiba Medical Systems Corporation (Japan). The top participant in the worldwide cardiovascular ultrasound systems market is GE Healthcare (USA). To maintain its market position, the corporation relies on growth tactics such as product launches, acquisitions, expansions, agreements, collaborations, and partnerships. For example, at the European Society of Cardiology Congress in Rome, Italy in August 2016, the business unveiled the Vivid iq, a high-end portable, compact cardiovascular ultrasound tool. The company's echocardiography product line was strengthened by this launch

Global Echocardiography Market Company Profile

  • GE Healthcare
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Philips healthcare
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Siemens Healthcare
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hitachi Medical Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Toshiba Medical Systems Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Echocardiography Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Echocardiography Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Test Type
      • Market Snippet, By Product Type
      • Market Snippet, By Technology
      • Market Snippet, By End-User
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Echocardiography Market, By Test Type, 2020 – 2030, (US$ Mn)
    • Overview                                                                             
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Transthoracic Echocardiogram
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Stress Echocardiogram
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Transesophageal Echocardiogram
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Echocardiography Market, By Product Type, 2020 – 2030, (US$ Mn)
    • Overview                                                 
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Cart/Trolley-based Echocardiography Devices
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Handheld/Portable Echocardiography Devices
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Echocardiography Market, By Technology, 2020 – 2030, (US$ Mn)
    • Overview                                        
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • 2D
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • 3D/4D
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Doppler
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Echocardiography Market, By End-User, 2020 – 2030, (US$ Mn)
    • Overview                                                                     
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Hospitals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Diagnostic Centers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Clinics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  9. Global Echocardiography Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Test Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Test Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Test Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Test Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Test Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  11. Company Profiles
  • GE Healthcare
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Philips healthcare
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Siemens Healthcare
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hitachi Medical Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Toshiba Medical Systems Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Global Echocardiography Market is segmented based on test type, product type, end-user and region.

Rising prevalence of heart disorders is major factor driving the market.

During the forecast period, North America is expected to dominate the market.

The key players operating in the echocardiography market are GE Healthcare (U.S.), Philips healthcare (The Netherlands), Siemens Healthcare (Germany), Hitachi Medical Corporation (Japan), and Toshiba Medical Systems Corporation (Japan).