Technavio, a tech-focused market research firm, has published a new report on the global echocardiography market, which is expected to grow at a CAGR of more than 4% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global echocardiography market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global echocardiography market are elaborated below:
Echocardiography market in the Americas: The market for echocardiography in the Americas is driven primarily by the increased demand for detecting abnormal heart rhythms and determining the cause of chest pains in the region. The US is the key revenue contributing country in the echocardiography market in the Americas. Increasing number of awareness programs targeted at the adoption of echocardiography during the forecast period is also anticipated to translate into the growth of the echocardiography market in the Americas during the forecast period.
According to Barath Palada, a lead analyst at Technavio, specializing in research on medical imaging, “The growing technologically advanced products such as handheld echocardiography and point-of-care solutions is projected to favor the growth of the echocardiography market in the Americas. For instance, 3D Systems introduced the Bedside Echocardiography module, which includes a comprehensive training for cardiac examinations performed at points-of-care by emergency care providers.”
Echocardiography market in EMEA: Germany and the UK are the key revenue contributing countries in the echocardiography market in EMEA. The market in this region is projected to undergo substantial growth over the next few years and is anticipated to be driven by the advancements in medical information technologies. Industry analysts at Technavio predict countries such as France, Italy, and Spain to account for a majority of the demand for echocardiography in EMEA over the next four years.
Echocardiography market in APAC: The rising need for diagnosis of the anatomical function of the heart is the key driving force behind the growth of the echocardiography market in the APAC region. Japan, India, and China account for a majority of the revenue generated through echocardiography in this region. Revamped reimbursement policies and availability of low-cost healthcare facilities are expected to reflect positively on the growth of the echocardiography market in APAC in the coming years.
The leading vendors operating in the global echocardiography market are:
- GE Healthcare
- Koninklijke Philips
- Siemens Healthcare
- Toshiba Medical Systems
Other prominent vendors in the market include 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, and TELEMED Medical Systems.
A more detailed analysis is available in the Technavio report titled, ‘Global Echocardiography Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global SPECT Market 2017-2021
- Global Portable Ultrasound Equipment Market 2017-2021
- Global Portable Computerized Tomography Scanners Market 2017-2021
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