Echocardiography Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Echocardiography Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Medical Devices | PPT format

Report Digest


Global Echocardiography Devices Market: Snapshot

Echocardiography devices are used to carry out the process of echocardiography, consequently generating an echocardiogram or a cardiac echo. Simply said these devices are used to form a sonogram of the heart. Echocardiographic device use standard two-dimensional, three-dimensional, and Doppler ultrasound to create images of the heart. Echocardiography was also the first ultrasound subspecialty to use intravenous contrast. Echocardiography is performed by cardiac sonographers, cardiac physiologists (UK), or physicians trained in echocardiography.

With rising number of cardiovascular issues all over the globe owing to unhealthy lifestyles, smoking, pollution, and other factors, echocardiograph devices are witnessing extensive use. This has furthermore led to the existence of a distinct echocardiograph devices market. Thus, echocardiography devices are now routinely used in the diagnosis, management, and follow-up of patients with any suspected or known heart diseases.

Echocardiography is one of the most widely used diagnostic tests in the field of cardiology. It can provide a wealth of helpful information, including the size and shape of the heart, pumping capacity, and the location and extent of any tissue damage. An echocardiogram retrieved from the devices can also give physicians other estimates of heart function, such as a calculation of the cardiac output, ejection fraction, and diastolic function.

Echocardiograph devices can help detect cardiomyopathies, such as hypertrophic cardiomyopathy, dilated cardiomyopathy, and many others. The use of stress echocardiography may also help determine whether any chest pain or associated symptoms are related to heart disease. The biggest advantage associated with using echocardiograph device involves then being non-invasive and has no known risks or side effects. An echocardiogram derived from the devices can create ultrasound images of heart structures, but it can also produce accurate assessment of the blood flowing through the heart by Doppler echocardiography, using pulsed- or continuous-wave Doppler ultrasound. This allows cardiovascular specialists to conduct assessment of both normal and abnormal blood flow through the heart.

Global Echocardiography Devices Market: Overview

Owing to a telling prevalence of cardiac diseases and the clinical implications entailed, there has been a dire need for reliable, accurate, and fast diagnosis to come in close proximity with the status of the patient’s medical condition. Apart from physical examination and medical history, tests such as echocardiography find critical application in cardiovascular disease diagnosis. While a prime level of precision was only available with invasive techniques, echocardiography devices have turned the tables by providing equal or even better precision levels during the diagnosis of cardiac diseases.

Global Echocardiography Devices Market: Key Trends

The world echocardiography devices market is anticipated to grow at a steady pace during the forecast period 2017–2025. The aggressive rise in the occurrences of cardiac disorders could be a leading cause of the growth in the world echocardiography devices market. According to healthcare experts, hypertension is the number cause of cardiac disorders such as heart failure. Hectic lifestyles promoting sporadic physical activities, intensified stress, and unsound dietary habits are some of the common reasons for heart-related diseases.

As the number of cardiac disorder incidences increase in the U.S., the need to diagnose, treat, and monitor the acuteness of disorders and maintain medical records is expected to increase proportionally. Additionally, the rising hospitalization of geriatric population to receive treatment for cardiovascular diseases has augmented the need for echocardiography diagnosis. As a result, the world echocardiography devices market is predicted to propel at an impressive rate.

Integration of newer technologies is another factor elevating the demand in the world echocardiography devices market. For instance, the advent of novel technologies in cardiovascular disease testing has boosted the sale of echocardiography devices. Secondly, both patients and equipment can now be flexibly placed in medical examination rooms with the perpetual advancement in wireless data systems.

Global Echocardiography Devices Market: Market Potential

In Brazil, a group of Zika-affected babies were medically assessed with echocardiography to find minor heart defects. After the evaluation, the congenital heart disease (CHD) rate was found to grow three times than expected in the babies. However, merely one infant showed symptoms while most others revealed minor septal defects. This was the first time CHD has had a connection with the Zika virus in infants, although pericarditis and myocarditis have had been previously associated with flaviviruses such as dengue.

Global Echocardiography Devices Market: Regional Outlook

North America could be at the forefront of the international echocardiography devices market in terms of technology. In the foreseeable future, the international echocardiography devices market is prophesied to be heavily influenced by technological advancements. Vendors operating in the North America echocardiography devices market could be encouraged for more innovation with the constant digitalization of data in cardiology departments and physician offices. As a result, cardiovascular information system (CVIS), picture archiving and communication system (PACS), echocardiography management systems, and various other kinds of management solutions are prognosticated to receive enhanced data connectivity. Asia Pacific and Europe, the Middle East, and Africa could be other key regions of the international echocardiography devices market.

Global Echocardiography Devices Market: Competitive Landscape

Schiller, Philips Healthcare, Nihon Kohden Corporation, Hill-Rom, Inc., and GE Healthcare are envisaged to lead the ship in the worldwide echocardiography devices market. In order to improve their shares and secure their position in the worldwide echocardiography devices market, players could consider competitive pricing and adoption of several strategies. The worldwide echocardiography devices market could hold a fragmented characteristic on account of a multitude of regional and global companies making their presence known in the industry.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.