The report "Cardiovascular
Ultrasound System Market by Test Type (Transesophageal, Stress,
Transthoracic, Fetal), Technology (2D, 3D & 4D, Doppler Imaging), Device
Display (Black & White, Color), End User (Hospitals, Home Care, Ambulatory)
- Forecast to 2021” The Cardiovascular Ultrasound System Market
is projected to reach USD 1.66 Billion by 2021 from USD 1.27 Billion in 2016,
growing at a CAGR of 5.4% during the forecast period (2016–2021).
Browse 93 market data tables and
43 figures spread through 164 pages and in-depth TOC on “Cardiovascular Ultrasound System Market “
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Increasing incidence
of cardiovascular diseases, technological advancements, and advantages of
echocardiography over invasive cardiac diagnostic procedures are the major
drivers for the Cardiovascular Ultrasound System Market. However, insufficient
reimbursement scenario and economic impact of adopting new technologies are
restraining the growth of the market.
The Cardiovascular Ultrasound System Market is broadly segmented
into test type, technology, device display, end user, and region. Based on test
type, the market is categorized into transthoracic echocardiogram, stress
echocardiogram, transesophageal echocardiogram, and fetal & intracardiac
echocardiogram. The stress echocardiogram segment is expected to account for
the largest share of the market in 2016. This is due to the major advantage of
the stress echocardiogram that it can provide data of the cardiac muscles and valves
before and after the stress of the heart muscle.
On the basis of technology, the Cardiovascular Ultrasound System
Market is segmented into 2D, 3D & 4D, and Doppler imaging. The 2D
technology is estimated to account for the largest share of the market in 2016,
whereas the 3D & 4D technology segment is estimated to grow at the highest
CAGR during the forecast period.
On the basis of device display, the market is segmented into color
display and black & white (B/W) display. The color display segment is expected
to register the highest growth in 2016.
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Europe is expected to
account for the largest share of the market in 2016. Factors such as growing
product commercialization, expansion in clinical applications of HIFU coupled
with their early commercialization in Europe, and growing emphasis on
non-invasive procedures by patients and physicians are driving the growth of
this market. The Asia-Pacific region is estimated to be the fastest-growing
region in the Cardiovascular Ultrasound System Market during the forecast
period as it is an emerging market and provides growth opportunities such as
healthcare spending, increase in research and innovation, and medical tourism.
Key players in the Cardiovascular
Ultrasound System Market include GE Healthcare (U.S.), Philips healthcare (The
Netherlands), Siemens Healthcare (Germany), Hitachi Medical Corporation
(Japan), and Toshiba Medical Systems Corporation (Japan).
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