Cardiovascular Ultrasound Systems Market Size - By Type (Transthoracic Echocardiography, Transesophageal Echocardiography, Stress Echocardiogram), By Technology (2D, 3D/4D, Doppler), By Display (Black & White (B/W) Display), By End-use – Global Forecast to 2032

Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format

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Cardiovascular Ultrasound Systems Market Size - By Type (Transthoracic Echocardiography, Transesophageal Echocardiography, Stress Echocardiogram), By Technology (2D, 3D/4D, Doppler), By Display (Black & White (B/W) Display), By End-use – Global Forecast to 2032

Cardiovascular Ultrasound Systems Market Size

Cardiovascular Ultrasound Systems Market size was valued at USD 1.8 billion in 2022 and is projected to reach USD 3.1 billion by 2032. Cardiovascular ultrasound systems, also known as echocardiography systems or cardiac ultrasound systems, are medical imaging devices specifically designed for assessing the structure and function of the heart and blood vessels.
 

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They use ultrasound technology to generate real-time images of the cardiovascular devices, allowing healthcare professionals to visualize and evaluate the heart's anatomy, blood flow, and cardiac function. Additionally, technological advancements in cardiovascular ultrasound systems have been significant in recent years, enabling improved imaging capabilities, increased efficiency, and enhanced diagnostic accuracy.
 

Several diagnostic ultrasound systems are becoming portable and user-friendly, allowing for immediate and convenient bedside examinations. Additionally, point-of-care ultrasound (POCUS) has gained prominence in healthcare settings, including emergency departments, critical care units, and outpatient clinics.
 

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the cardiovascular ultrasound systems market. During the pandemic, many healthcare facilities experienced disruptions in routine services, including elective procedures and non-urgent diagnostic tests. This led to a decrease in the number of cardiovascular ultrasound procedures being performed, affecting the demand for cardiovascular ultrasound systems. Moreover, due to lockdowns, travel restrictions, and concerns regarding potential exposure to the virus, many individuals postponed routine screenings and follow-up visits, including cardiovascular ultrasound examinations. This led to a decline in the number of procedures being performed, affecting the utilization of cardiovascular ultrasound systems.
 

Cardiovascular Ultrasound Systems Market Trends

Heart disease, blood vessel problems, and high blood pressure are becoming more common, and that's making ultrasound machines for the heart and blood vessels more in demand. These machines are like magic tools for doctors to see what's going on in your heart and blood vessels, so they can figure out what's wrong, keep an eye on it, and help you get better. According to the World Health Organization, heart disease is the world's biggest killer, taking the lives of over 20 million people in 2021. And guess what? It's getting worse, thanks to things like not moving enough, eating poorly, smoking, and being overweight. Plus, more and more people are getting older, which also raises the risk of heart disease. All of this means that hospitals and doctors need more and better ultrasound machines to take pictures of people's hearts and blood vessels.

Cardiovascular Ultrasound Systems Market Analysis

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The market for heart ultrasound machines is like a puzzle with different pieces. These pieces are based on the type of ultrasound used, like transthoracic echocardiography, which is like taking a picture of your heart from the outside, and transesophageal echocardiography, which takes pictures from inside your esophagus. The transthoracic echocardiography piece is the biggest one, raking in the most money. It's popular because it gives doctors a clear picture of your heart's structure and how it's working. It's like a detective, checking the size of your heart's chambers, how your valves are opening and closing, and even the direction of blood flow. This type of ultrasound is really helpful in figuring out what's wrong with your heart. Doctors use it to spot problems like valve issues, heart failure, heart attacks, birth defects in the heart, and muscle problems in the heart. It's like a magic wand that helps doctors solve the puzzle of your heart's health.

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The market for ultrasound systems used in cardiology is divided into three categories based on their technologyDoppler, 3D/4D, and 2D. doppler ultrasound is expected to generate sales of over $1.2 billion by 2032. This type of ultrasound uses sound waves to create real-time images of blood flow in your body. It's like a non-invasive "see-through" tool for doctors to check your blood circulation. Unlike other imaging techniques, like CT scans or MRIs, doppler ultrasound is cost-effective and doesn't involve any radiation exposure. This makes it a great option for routine checkups, follow-up appointments, and screening, especially in places where resources may be limited.

When it comes to the market for display cardiovascular ultrasound systems, there are two main typesones with color displays and ones with black and white (B/W) displays. The B/W display segment is expected to hit a whopping $2.5 billion by 2032. B/W displays are really good at showing off differences in brightness and gray, which is essential for imaging the heart using ultrasound. They let doctors see different tissues, blood flow, and structures in the heart super clearly, which helps them make accurate diagnoses. Plus, B/W displays are usually cheaper than color displays. This can be a big deal for hospitals and clinics, especially those that have to be careful with their money. It means they can get good quality ultrasound systems that are still affordable. That way, more people can have access to these important imaging tools.

The cardiovascular ultrasound systems market is segmented by end-use into hospitals, diagnostic centers, ambulatory care centers, and others. Hospitals segment accounting for more than 43% market share in 2022. Ultrasound systems are commonly used in hospitals for non-invasive imaging of the heart. These systems utilize ultrasound technology to produce real-time images of the heart's structure and function. The increasing prevalence of cardiovascular diseases coupled with availability of professionals in this healthcare setting to offer varied and advanced treatment.
 

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U.S. cardiovascular ultrasound systems market accounted for over USD 650 million in 2022 and is projected to grow momentously over the forecast period. The development is majorly attributable to rapid technological advancements in ultrasound systems along with increasing number of cardiovascular diseases, such as heart disease and stroke. Additionally, the aging population base in the U.S. has been a significant driver of healthcare demand, including cardiovascular care. Moreover, as individuals age, the risk of developing cardiovascular diseases increases.
 

Cardiovascular Ultrasound Systems Market Share

Some of the notable key cardiovascular ultrasound systems market players operating in the cardiovascular ultrasound systems industry include

  • GE Healthcare
  • Koninklijke Philips
  • Siemens Healthineers AG
  • Hitachi Medical Corp.
  • Samsung Medison Co. Ltd.
  • Shenzhen Mindray Bio
  • Medical Electronics Co., Ltd. (Mindray)
  • Health Catalyst (KPI Healthcare Inc.)
  • Fujifilm Sonosite, Inc.
  • Canon Medical Systems Corporation
  • Esaote SpA
     

Cardiovascular ultrasound systems Industry News

  • In May 2022, Royal Philips launched EchoNavigator 4.0 company’s latest generation of advanced image-guided therapy solution for the treatment of structural heart disease. This has helped company to strengthen its product portfolio and market position.
     

Cardiovascular ultrasound systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments

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By Type (USD Million)

  • Transthoracic echocardiography
  • Transesophageal echocardiography
  • Stress echocardiogram
  • Others

By Technology (USD Million)

  • 2D
  • 3D/4D
  • Doppler

By Display (USD Million)

  • Colour display
  • Black & white (B/W) display

By End-use (USD Million)

  • Hospital
  • Diagnostic centers
  • Ambulatory care centers
  • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Poland
    • Switzerland
    • Norway
    • Finland
    • Sweden
    • Denmark
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Taiwan
    • Indonesia
    • Vietnam
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Israel

 

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