DUBLIN--(BUSINESS WIRE)--The "Cardiovascular Ultrasound Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Cardiovascular Ultrasound Systems estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027.
Transthoracic Echocardiogram, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$664.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transesophageal Echocardiogram segment is readjusted to a revised 5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $426.9 Million, While China is Forecast to Grow at 4.9% CAGR
The Cardiovascular Ultrasound Systems market in the U.S. is estimated at US$426.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$364.2 Million by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
Stress Echocardiogram Segment to Record 5.5% CAGR
In the global Stress Echocardiogram segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$445.1 Million in the year 2020 will reach a projected size of US$652.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$229.9 Million by the year 2027.
Select Competitors (Total 43 Featured):
- Chison Medical Imaging Co., Ltd.
- Esaote SpA
- FUJIFILM Holdings Corporation
- GE Healthcare
- Hitachi Medical Corporation
- Mindray Medical International Ltd.
- Philips Healthcare
- Samsung Electronics Co., Ltd.
- Siemens Healthineers
- Toshiba Medical Systems Corporation
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Cardiovascular Ultrasound System Market: Prelude
- Impact of Covid-19 and a Looming Global Recession
- Rising Prevalence of Cardiovascular Diseases and Related Mortality Rates Fuel Growth in the Cardiac Ultrasound Systems Market
- Aging Global Population at High Risk of Cardiac Illnesses Present Favorable Outlook for Cardiac Ultrasound Systems Market
- PorTable Cardiology Ultrasound Systems Market: An Overview
- As Cardiovascular Disease Prevalence Increases at a Strong Rate in Developing Economies, Growth Potential Exists for Cardiac Ultrasound Systems Market
- Innovations & Advancements
- AI Technology Begins to Influence Cardiac Ultrasound Systems Market
- Strain Echocardiography to Transform Cardiac Ultrasound Market
- PRODUCT OVERVIEW
- Cardiac Ultrasound/Echocardiogram
- Cardiovascular Ultrasound System
- Types of Echocardiograms
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/dxfjng
