Cardiovascular Ultrasound Market To Reach $4.01Bn By 2030

Cardiovascular Ultrasound Market Growth & Trends

The global cardiovascular ultrasound market size is expected to reach USD 4.01 billion by 2030 and expand at a CAGR of 4.96% during the forecast period, based on a new report by Grand View Research, Inc. The primary factor driving cardiovascular ultrasounds is that new imaging technologies have improved the accuracy and resolution of images obtained from echocardiography machines. This makes it easier for clinicians to identify and diagnose diseases. Additionally, it provides non-invasive diagnostic options, which are often preferred over invasive procedures.

Benefits associated with cardiovascular ultrasound over conventional methods include quick recovery, reduced span of hospitalization, and fewer post-operative complications. These benefits along with the rising geriatric population are expected to propel the demand for cardiovascular ultrasound diagnosis over the forecast period.

North America captured the largest market share in 2022. A favorable reimbursement framework and the presence of a large number of industry players are some of the major factors which can be attributed to regional growth. The rising geriatric population coupled with sophisticated healthcare infrastructure is expected to further fuel market growth in the region. Furthermore, increasing health awareness is driving demand.

COVID-19 has had a significant impact on CVUS. One of the most noticeable effects of the pandemic has been the delays in elective procedures, including those related to CVUS. As a result, which reduces the demand for imaging equipment and services. However, the pandemic has also led to an increase in telemedicine adoption, which includes the use of remote monitoring devices and virtual consultations. This led to increased use of portable devices and an expansion of the market.

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Cardiovascular Ultrasound Market Report Highlights

• The cardiovascular ultrasound in the healthcare market size was estimated at USD 2.69 billion in 2022 and is expected to reach USD 4.01 billion in 2023

• The global cardiovascular ultrasound in the healthcare market is expected to expand at a compound annual growth rate of 4.96% from 2022 to 2030 to reach USD 4.01 billion by 2030

• In 2022, North America dominated the market in terms of the revenue share of 29.1%. The market's growth in the region is increasing due to an increase in cardiovascular diseases across the region

Cardiovascular Ultrasound Market Segmentation

Grand View Research has segmented the Cardiovascular ultrasounds based on type, technology, display, end-use:

Cardiovascular Ultrasound Type Outlook (Revenue, USD Million, 2018 - 2030)

• Transthoracic Echocardiography

• Transesophageal Echocardiography

• Fetal Echocardiography

• Others

Cardiovascular Ultrasound Technology Outlook (Revenue, USD Million, 2018 - 2030)

• 2D

• 3D/4D

• Doppler

Cardiovascular Ultrasound Display Outlook (Revenue, USD Million, 2018 - 2030)

• B/W

• Color

Cardiovascular Ultrasound End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital

• Diagnostic Centers

• Ambulatory Care Centers

• Other

Cardiovascular Ultrasound Regional Outlook (USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Cardiovascular Ultrasound Market

• GE Healthcare

• Koninklijke Philips

• Siemens Healthineers AG

• Hitachi Medical Corp.

• Samsung Medison Co. Ltd.

• Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Mindray)

• Chison Wuxi Xiangsheng Medical Technology Co., Ltd.

• Fujifilm Sonosite, Inc.