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Increase in the incidence of cardiovascular diseases, technological advancements, and advantages of echocardiography over invasive cardiovascular diagnostic procedures will boost the growth of the cardiovascular ultrasound market

The cardiovascular ultrasound system market is segmented on the basis of test type, technology, device display, end user, and region. On the basis of test type, the market is categorized into transthoracic echocardiogram, transesophageal echocardiogram, stress echocardiogram, and other echocardiograms. The other echocardiograms include fetal & intracardiac echocardiogram. The stress echocardiogram segment is expected to grow at the fastest rate in 2016. This is due to the major advantage of the stress echocardiogram that it can provide data of the cardiac muscles and valves before and after the stress of the heart muscle.

On the basis of technology, the cardiovascular ultrasound system market is segmented into 2D and 3D & 4D technologies. The 2D technology is estimated to account for the largest share in 2016, whereas 3D & 4D technology is expected to grow at the highest CAGR during the forecast period.

On the basis of device display, the cardiovascular ultrasound system market is categorized into black & white display and color display. The color display segment is expected to account for the largest share of the market in 2016. Better quality images, high resolution, and clear visualization are driving the growth of this segment.

On the basis of end user, the market is categorized into hospitals/cardiology centers, ambulatory/home care, and other end users (research institutes, medical device and pharmaceutical companies). The hospitals segment is expected to account for the largest share of the cardiovascular ultrasound system market in 2016. The home care & ambulatory segment is estimated to be the fastest growing segment of the market in the forecast period due increase in the usage of echocardiographs at the patient’s house itself.

Europe is expected to account for the largest share of the cardiovascular ultrasound system market in 2016. Growing burden of cardiovascular diseases, rapid advancements in cardiovascular ultrasound procedures, and the increasing efforts by ultrasound manufacturers to expand their presence and distribution networks are driving the growth of the market. APAC is expected to register the highest CAGR during the forecast period. Rising healthcare spending, increase in research and innovation, and medical tourism are driving the growth of the cardiovascular ultrasound system market in the APAC region.

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