Registering a CAGR of 2.3% over the forecast period, the ECHO Cardiography market is anticipated to reach the market value of US$ 845.3 million in the year 2027 from US$ 772.4 million in the year 2021.
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.
During the forecast period, technological advances, an increase in the frequency of cardiovascular illnesses around the world, an increase in the elderly population, and a surge in medical tourism in emerging countries are expected to enhance the global echocardiography market.
The global echocardiography market is expected to be propelled by key players with technologically advanced product portfolios and significant regional presence. The echocardiography market is expected to be fueled by major industry events such as partnerships, mergers and acquisitions, and collaborations. The global echocardiography market is expected to be driven by increased awareness of early diagnosis and treatment need.
Top Key Players in the ECHO Cardiography Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global ECHO Cardiography Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include Philips Healthcare, Toshiba, Agfa HealthCare, Fukuda Denshi, Terason, Medi Matic, Chison, Echo-Son SA, McKesson, General Electric Company, Koninklijke Philips N.V., Siemens Healthcare Private Limited, Canon Medical Systems Corporation, Esaote S.p.A, 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 and others.
Global ECHO Cardiography Market research provides detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
By Type, ECHO Cardiography Market has been segmented into
By Technology
By Application, ECHO Cardiography Market has been segmented into
The global ECHO Cardiography market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2020, owing to a higher frequency of heart disorders in the U.S. For instance, according to the American Heart Association (AHA), heart diseases are the leading cause of death in the U.S. This has led to an increase in patient visits at the nearby hospital or clinics, leading to the region's ECHO Cardiography market's growth. Moreover, the promotion of sophisticated devices is an additional factor contributing to the growth of the market. EU held the second position in the global market due to the regular CE approvals and increasing adoption of the region's products contributing to growth. Moreover, APAC is expected to have a higher CAGR during the forecast period due to the raised cardiovascular disease patient pool in the region and higher penetration of the advanced devices in the region. Latin America and Middle East & Africa are likely to experience a slower growth in the market owing to lesser adoption and awareness of the advanced devices in the region.
The report offers an in-depth assessment of the growth and other aspects of the ECHO Cardiography Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
ECHO Cardiography Market highlights the potential growth opportunities in upcoming years while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects in the global market. The Global ECHO Cardiography Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 2.3% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
| Philips Healthcare, Toshiba, Agfa HealthCare, Fukuda Denshi, Terason, Medi Matic, Chison, Echo-Son SA, McKesson, General Electric Company, Koninklijke Philips N.V., Siemens Healthcare Private Limited, Canon Medical Systems Corporation, Esaote S.p.A, 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 |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2022 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The ECHO Cardiography Market is studied from 2017 - 2027.
What is the growth rate of ECHO Cardiography Market?
The ECHO Cardiography Market is growing at a CAGR of 2.3% over the next 5 years.
Who are the key players in ECHO Cardiography Market?
Philips Healthcare, Toshiba, Agfa HealthCare, Fukuda Denshi, Terason, Medi Matic, Chison, Echo-Son SA, McKesson, General Electric Company, Koninklijke Philips N.V., Siemens Healthcare Private Limited, Canon Medical Systems Corporation, Esaote S.p.A, 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
What region does this ECHO Cardiography Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of ECHO Cardiography Market?
Transthoracic ECHO Cardiography, Transoesophageal ECHO Cardiography, Stress ECHO Cardiography, Others (Fetal and Intracardiac)
What are the major end-use applications of ECHO Cardiography Market?
National and public hospitals, Private hospitals, Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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