Valued to be $2 Billion by 2026, Cardiovascular Ultrasound Systems Slated for Robust Growth Worldwide

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Sep 07, 2021, 10:35 ET

SAN FRANCISCO, Sept. 7, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Cardiovascular Ultrasound Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 1708
Companies: 13 - Players covered include Chison Medical Imaging Co., Ltd.; Esaote SpA; FUJIFILM Holdings Corporation; GE Healthcare; Hitachi Medical Corporation; Mindray Medical International Ltd.; Philips Healthcare; Samsung Electronics Co., Ltd.; Siemens Healthineers; Toshiba Medical Systems Corporation and Others.
Coverage: All major geographies and key segments
Segments: Device Display (Black & White, Color); End-Use (Hospitals, Diagnostic Centers, Ambulatory Care Centers, Other End-Uses); Technology (2D, 3D & 4D, Doppler Imaging); Test Type (Transthoracic Echocardiogram, Transesophageal Echocardiogram, Stress Echocardiogram, Other Test Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Cardiovascular Ultrasound Systems Market to Reach $2 Billion by 2026
Amid the COVID-19 crisis, the global market for Cardiovascular Ultrasound Systems estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$2 Billion by 2026, growing at a CAGR of 5.1% over the analysis period. Transthoracic Echocardiogram, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$664.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transesophageal Echocardiogram segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $453.6 Million in 2021, While China is Forecast to Reach $348.4 Million by 2026
The Cardiovascular Ultrasound Systems market in the U.S. is estimated at US$453.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$348.4 Million by the year 2026 trailing a CAGR of 4.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Stress Echocardiogram Segment to Reach US$767 Million by the year 2026
In the global Stress Echocardiogram segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$445.1 Million in the year 2020 will reach a projected size of US$652.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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