Recent Developments in the Global Cardiovascular Ultrasound System Industry:
# 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 LatinAmerica.
Key questions addressed by 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?
Factors Influencing Global Industry Growth:-
Increasing incidence of cardiovascular diseases, technological advancements, and advantages of echocardiography over invasive cardiac diagnostic procedures is driving the growth of this market during the forecast period.
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Industry’s Revenue Growth Expectations:
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).
Geographical Growth Scenario:
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.
Leading Market Players:
Key players in the cardiovascular ultrasound system market include GE Healthcare (U.S.), Philips healthcare (The Netherlands), Siemens Healthcare (Germany), Hitachi Medical Corporation (Japan), and Toshiba Medical Systems Corporation (Japan). Key players in the market are majorly focusing on product launches and approvals to strengthen their position the market. In June 2016, FUJIFILM Medical Systems U.S.A. Inc., showcased the next generation of its Synapse Cardiovascular, a cardiac imaging tool and SonoSite iViZ, the latest portable ultrasound. Similarly, in November 2015, Siemens Healthcare (Germany) launched its new ultrasound imaging system, the HELX with Touch Control in its Healthcare Acuson S Family.