The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Cardiovascular Ultrasound Global Market Report 2024, the cardiovascular ultrasound market is expected to show significant growth in the forecast period.

Current Market Dynamics

• Strong Growth Trajectory: The cardiovascular ultrasound market has experienced significant growth in recent years.
• Historic Growth Factors: Rise in cardiovascular diseases, aging population, patient-friendly imaging, non-invasiveness and safety, increased awareness and education, reimbursement policies.
• Size Projection: From $2.3 billion in 2023 to $2.46 billion in 2024, with a CAGR of 6.9%.

Future Outlook

• Continued Expansion: Expected to reach $3.18 billion by 2028, with a CAGR of 6.7%.
• Forecasted Growth Factors: Preventive healthcare focus, global aging population, value-based healthcare initiatives.
• Emerging Trends: Advancements in imaging technology, AI integration, POCUS expansion, 3D/4D echocardiography, telemedicine, data management, and connectivity.

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Rising Number of Diagnostic Imaging Centers Fueling Growth

• Diagnostic Imaging Centers: Essential hubs equipped with advanced medical imaging technology.
• Role of Cardiovascular Ultrasound: Crucial in diagnosing and monitoring cardiovascular diseases.
• Projected Expansion: Significant growth expected in the number of diagnostic imaging centers.
• Example: UK government plans to increase centers from 73 to 160 by 2025.

Major Players in the Market

• Leading Companies: GE HealthCare, Koninklijke Philips, Siemens Healthineers, Hitachi Medical, and others.
• Diverse Offerings: Ranging from portable handheld systems to advanced imaging solutions.

Portable Handheld Ultrasound Imaging System

• Innovation Focus: Development of handheld ultrasound imaging systems for enhanced convenience.
• Example: Launch of Vscan Air SL by GE HealthCare for rapid cardiac and vascular assessments.
• Unique Features: SignalMax and XDclear technologies for superior imaging performance.

Observe Medical ASA’s Acquisition

• Strategic Move: Acquisition of Biim Ultrasound AS to strengthen global presence.
• Expansion Strategy: Aim to enhance distribution network, particularly in the US market.

Market Segmentation

• Types: Transthoracic Echocardiography, Transesophageal Echocardiography, Fetal Echocardiography, Others.
• Technology: 2D, 3D/4D, Doppler.
• Display: Black/White (B/W), Color.
• End-Use: Hospitals, Diagnostic Centers, Ambulatory Care Centers, Others.

Regional Insights

• North America: Largest region in 2023.
• Europe: Expected to be the fastest-growing region in the forecast period.

Conclusion
The cardiovascular ultrasound market presents significant growth opportunities driven by technological advancements, increasing demand for preventive healthcare, and expanding diagnostic imaging centers. With major players continuously innovating and expanding their offerings, the future of cardiovascular ultrasound appears promising, poised to meet the evolving healthcare needs of a growing global population.

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