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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 reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
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Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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