Global Echocardiography Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application

Summary

An echocardiogram is a type of ultrasound examination, which uses high-pitched sound waves that pass through a device called a transducer. The device receives echoes of the sound waves as they bounce off to different areas of the heart. These echoes are converted into moving pictures of the heart, which can be seen on a video screen. Echocardiography is an important modality for diagnosing heart diseases. Multi-specialty hospitals with good infrastructure facilities and comprising more than 500 beds use over 10,000 cart-based, laptop/dockable, and portable/handheld echocardiography devices to diagnose and monitor patients. The growing technological advancements further help to develop three-dimensional (3D) modality software based on echocardiography systems to provide 3D images of the anatomical function of the heart.
The global echocardiography market will post a CAGR of more than 3.8% during the forecast period. The rising demand for 3D/4D echocardiography is one of the primary drivers for market growth. The benefits of 3D/4D echocardiography over the traditional echocardiography process is foreseen to drive the market in the future. Advantages such as faster diagnosis and quantification, detailed, accurate, and precise images of the heart with the rising awareness among physicians and end-users is anticipated to drive the adoption rates. Moreover, the 3D/4D echocardiography offers precise heart views with good image quality, which cannot be done with 2D data. For instance, the University of Colorado Hospital is implementing the 3D real-time (3D/4D) TEE echocardiography systems such as iE33 system developed by Koninklijke Philips due to its high and precise image capability and ease of use. Therefore, the rising number of multispecialty hospitals, mounting healthcare expenditure, and well-established infrastructure capabilities will raise the adoption rate of 3D/4D echocardiography and in turn propel the growth of the echocardiography market.
Tier-1 players dominate the global echocardiography market and these players have strong positions compared to the Tier-2/Tier-3 vendors. The market competition will rise with the technological advancements and new product launches. Moreover, the manufacturers develop and introduce innovative products like 4D imaging-capable devices, mobile cloud-based software to offer patient satisfaction.
The global Echocardiography market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.

This report studies the Echocardiography market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Echocardiography in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
GE Healthcare
Koninklijke Philips
Siemens Healthcare
Toshiba Medical Systems
ALPINION MEDICAL SYSTEMS
Bay Labs
Biosense Webster
Boston Scientific
Bracco Imaging
Carestream Health
CHISON
ContextVision
Digirad
Ecare Medical Technology
Esaote
Fujifilm
Hitachi
MediMatic
Mobisante
Samsung Medison
MIDAS Software Solutions
St. Jude Medical
TELEMED Medical Systems
By the product type, the market is primarily split into
Cart/trolley -based echocardiography devices
Portable/handheld echocardiography devices
By the end users/application, this report covers the following segments
Hospitals
Diagnostic centers

We can also provide the customized separate regional or country-level reports, for the following regions:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives of this report are:
To study and analyze the global Echocardiography market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Echocardiography market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Echocardiography manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Echocardiography with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Echocardiography submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Echocardiography are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Echocardiography market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders
Raw material suppliers
Distributors/traders/wholesalers/suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
End-use industries

Available Customizations
With the given market data, offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Echocardiography market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.