Cardiovascular Ultrasound System Market – Major Growth Dynamics | Expected Revenue Growth
Seeking Alpha Analyst Since 2014
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- Growing Incidence of CVDs.
- Technological Advancements.
- Advantages of Echocardiography Over Invasive Cardiac Diagnostic Procedures.
- Miniaturization of Ultrasound Devices.
- Growth Potential in Untapped Emerging Markets.
Key Questions Addressed in this Study:
# Who are the major market players in the Cardiovascular Ultrasound System Market?
# What are the regional growth trends and the largest revenue-generating regions for cardiovascular ultrasound system market?
# What are the major drivers and challenges in the cardiovascular ultrasound system market?
# What are the major product segments in the cardiovascular ultrasound system market?
# What are the major end users for cardiovascular ultrasound system?
# In 2015, GE Healthcare signed a memorandum of understanding with the Oregon Health & Science University (U.S.) to undertake collaborative R&D studies in the field of cardiovascular imaging & treatment as well as in big data research.
# In 2015, GE Healthcare launched a new 4D cardiac ultrasound software—cSound—for three new ultrasound systems, namely, VividS70, VividE90, and VividE95 in the U.S. and some countries in Europe, Asia, and Latin America.
What the Market Looks Like?
The cardiovascular ultrasound system market is projected to reach USD 1.66 Billion by 2021 from USD 1.27 Billion in 2016, growing at a CAGR of 5.4% during the forecast period (2016–2021).
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Global Geographical Scenario:
Europe is expected to account for the largest market share during the forecast period.
The cardiovascular ultrasound system market is divided into four major regions-North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2016, Europe is expected to account for the largest share of this market, followed by North America. Factors such as growing product commercialization, expansion in clinical applications of HIFU coupled with their early commercialization in Europe, and growing emphasis on non-invasive procedures by patients and physicians are driving the growth of this market
On the other hand, the market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. The presence of emerging economies such as China and India and the increasing healthcare spending, research and innovation, and medical tourism supporting the growth of the Asia Pacific cardiovascular ultrasound system market.
# Cardiovascular ultrasound system manufacturers
# Cardiovascular ultrasound system distributors and wholesalers
# Pharmaceutical companies
# Various research and consulting firms
# Research institutes
# Contract manufacturing organizations (CMOS)
# Original equipment manufacturers (OEMs)
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