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How has the cardiovascular ultrasound market grown over the years?

The market size of cardiovascular ultrasound has seen significant growth in the past years. There will be an increase from $2.46 billion in 2024 to $2.6 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. Factors such as the escalating incidence of cardiovascular ailments, an aging population, advancements in patient-friendly imaging, the safety and non-invasive nature of the procedure, expanding awareness and education, and favourable reimbursement policies are responsible for this historic period growth.

What Is the forecasted market size and growth rate for the carotenoids market?

The market size for cardiovascular ultrasound is projected to witness robust expansion in the ensuing years, with an estimation of reaching $3.45 billion by 2029, progressing at a compound annual growth rate (CAGR) of 7.3%. Predicted growth within this forecast period can be associated with the emphasis on preventive healthcare, the worldwide aging demographic, and value-based healthcare initiatives. The forecast period will see ongoing trends like enhancements in imaging technology, the incorporation of artificial intelligence (AI), the proliferation of point-of-care ultrasound (POCUS), 3d/4d transesophageal echocardiography, the emergence of telemedicine and remote monitoring, along with data management and connectivity.

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What are the major factors driving growth in the cardiovascular ultrasound market?

The cardiovascular ultrasound market is anticipated to grow due to the expanding number of diagnostic imaging centers. These centers, equipped with state-of-the-art medical imaging technology, specialize in diagnosing and tracking a variety of medical issues, including cardiovascular diseases. Cardiovascular ultrasound, also known as echocardiography, is a vital diagnostic imaging technique used in these centers to attain real-time heart and blood vessel images. This allows medical experts to evaluate heart performance and identify different cardiovascular disorders. For example, in April 2022, the UK’s Department of Health and Social Care reported 73 operational community diagnostic centers, performing an additional 30,000 tests weekly. These centers have a growth projection of 119.18%, increasing to 160 by 2025. Therefore, the increase in diagnostic imaging centers is set to stimulate the cardiovascular ultrasound market’s growth. The confirmed increase in cardiovascular disease prevalence is another factor propelling the cardiovascular ultrasound market. Characterized as a group of heart or blood vessel disorders, cardiovascular disease (CVD) diagnosis, management, and evaluation significantly depend on cardiovascular ultrasound, a non-invasive imaging strategy. For example, the British Heart Foundation’s data from September 2024 indicates that about 7.6 million people in the UK suffer from heart and circulatory diseases, including roughly 4 million males and 3.6 million females. These diseases are accountable for nearly 27% of all UK deaths, resulting in over 170,000 annual deaths. This equates to around 480 deaths daily or one death every three minutes – evidence of the growing cardiovascular disease presence, stimulating growth in the cardiovascular ultrasound market.

What key areas define the segmentation of the global cardiovascular ultrasound Market?

The cardiovascular ultrasound market covered in this report is segmented –

1) By Type: Transthoracic Echocardiography, Transesophageal Echocardiography, Fetal Echocardiography, Other Types

2) By Technology: 2D, 3D Or 4D, Doppler

3) By Display: Black Or White (B/W), Color

4) By End-Use: Hospital, Diagnostic Centers, Ambulatory Care Centers, Other End-Uses

Subsegments:

1) By Transthoracic Echocardiography (TTE): Doppler Echocardiography, 2D Echocardiography, 3D Echocardiography, Stress Echocardiography

2) By Transesophageal Echocardiography (TEE): Adult TEE, Pediatric TEE

3) By Fetal Echocardiography: Standard Fetal Echocardiography, Advanced Fetal Echocardiography

4) By Other Types: Portable Ultrasound, Contrast Echocardiography

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What are the top market players propelling the growth of the cardiovascular ultrasound industry?

Major companies operating in the cardiovascular ultrasound market report are GE HealthCare Technologies Inc., Koninklijke Philips N.V., Siemens Healthineers AG, Hitachi Medical Corp., Samsung Medison Co. Ltd., Mindray Medical International Limited, Chison Wuxi Xiangsheng Medical Technology Co. Ltd., Fujifilm Sonosite Inc., Canon Medical Systems Corporation, Clarius Mobile Health, Dawei Medical (Jiangsu) Corp. Ltd., Esaote SpA, Fujifilm Holdings Corporation, Shenzhen Lanmage Medical Technology Co. Ltd., Leltek Inc., Telemed Ultrasound Medical Systems, Viatom Technology Co, Wuhan Zoncare Bio-medical Electronics Co. Ltd., Viatom Technology Co, Teratech Corporation, Shenzhen Bestman Instrument Co. Ltd., Biim Ultrasound AS, Leltek Inc., Dawei Medical (Jiangsu) Corp. Ltd., Wuhan Zoncare Bio-medical Electronics Co. Ltd., Shenzhen WELLD Medical Electronics Co. Ltd.

What are the key trends shaping the future of the cardiovascular ultrasound market?

The cardiovascular ultrasound market’s leading firms are emphasizing the advancement of new portable ultrasound imaging systems such as the Vscan Air SL to offer dependable services. Vscan Air SL, a handheld ultrasound imaging device, produces images of the body’s inner structures using ultrasound signals when linked to a tablet or smartphone. For example, in August 2023, GE HealthCare Technologies Inc., a US-based company specializing in medical technology, pharmaceutical diagnostics, and digital strategies, introduced Vscan Air SL. This portable, wireless ultrasound imaging system is designed for rapid cardiac and vascular evaluations, expediting diagnosis and treatment. The system uniquely incorporates SignalMax and XDclear imaging performance technologies, providing high penetration, resolution, and sensitivity through single crystal transducer technology. The latest SL version comes with a sector-phased array transducer for quick cardiac examinations. The Vscan Air app, available on Android and iOS, enables clinicians to bring Vscan Air to every patient.

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What regions are dominating the cardiovascular ultrasound market growth?

North America was the largest region in the cardiovascular ultrasound market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiovascular ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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