Echocardiography Market To Grow Healthcare and Medical Sector Between 2021 – 2030
Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Echocardiography Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2021 – 2030” gives Echocardiography Market
Introduction
Echocardiography is a test that uses sound waves to produce live images of your heart. The image is called an echocardiogram. The images can help them get information about blood clots in the heart chambers, fluid in the sac around the heart, problems with the aorta, problems with the pumping function or relaxing function of the heart, etc.
Market Dynamics
Increasing number of patients in hospitals related to heart problems, rapid technological advancements in imaging technique, and rising demand from hospitals for advanced medical products are major factors expected to drive the growth of global echocardiography market. Changing lifestyle pattern and consumption of unhealthy food is increasing health problems among consumers. According to American Heart Association, Inc., the prevalence of obesity was 39.6 percent in U.S. adults and 18.5 percent of youth, and severe obesity affected 7.7 percent of adults and 5.6 percent of youth.
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Factors such as high cost of devices and unfavorable reimbursement scenario are expected to hamper the growth of global echocardiography market. In addition, stringent government regulations related to product approval is expected to challenge the growth of target market. However, increasing investment by major players for product development and introduction of cost-effective solutions are factors expected to create new opportunities for players operating in the echocardiography market over the forecast period. In addition, rise in strategic partnership activities between regional and international players is expected to support the revenue transaction of the target market.
Echocardiography Market Segment Analysis
The global echocardiography market is segmented into type, technology, and end use. The type segment is bifurcated into transthoracic echocardiogram, transesophageal echocardiogram, stress echocardiogram, and others. Among type the transesophageal echocardiogram segment is expected to account for noticeable revenue share in the global echocardiography market. The end-use segment is divided into hospitals/cardiology centers, ambulatory/home care, and others. Among the end use hospitals/cardiology centers segment is expected to account for major revenue share in the target market. The players profiled in the report are General Electric Company, Philips Healthcare, Siemens Healthcare, Absolute Medical Services, Inc., Toshiba Medical Systems Corporation, Samsung Electronics Co., Ltd., Fujifilm Holdings Corporation, Esaote S.P.A., and Chison Medical Imaging Co., Ltd.
Transthoracic echocardiogram
This is the standard test. It resembles a X-beam however without the radiation. Experts utilize a similar innovation to check an infant’s wellbeing before birth.
During a transthoracic echocardiogram (TTE), a specialist acquires perspectives on the heart by moving a little instrument called a transducer to various areas on the chest or stomach divider. A transducer, which takes after a receiver, sends sound waves into the chest and gets echoes that reflect off various pieces of the heart.
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Transesophageal echocardiogram
Transesophageal echocardiography (TEE) is a test that produces photos of your heart. TEE utilizes high-recurrence sound waves (ultrasound) to make nitty gritty photos of your heart and the corridors that lead to and from it. In contrast to a standard echocardiogram, the reverberation transducer that creates the sound waves for TEE is joined to a slim cylinder that goes through your mouth, down your throat and into your throat.
Stress echocardiogram
An echocardiogram (reverberation) is a test used to survey the heart’s capacity and designs. A pressure echocardiogram is a test done to evaluate how well the heart functions under pressure. The “stress” can be set off by one or the other exercise on a treadmill or a medication called dobutamine.
During a reverberation, a transducer (like an amplifier) conveys ultrasonic sound waves at a recurrence too high to possibly be heard. At the point when the transducer is put on the chest at specific areas and points, the ultrasonic sound waves travel through the skin and other body tissues to the heart tissues, where the waves bob or “reverberation” off of the heart structures. The transducer gets the reflected waves and sends them to a PC. The PC shows the echoes as pictures of the heart dividers and valves.
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Segment Analysis by Region
The market in North America is expected to account for major revenue share in the global echocardiography market due to high patient pool suffering from heart associated diseases. In addition, presence of large number of players operating in the country, along with focus on strategic merger & acquisition activities are factors expected to support the echocardiography market growth.
The market in Asia Pacific is expected to witness faster growth due in echocardiography market to changing government regulations related to healthcare sector. Government approach towards strengthening the regional manufacturing capabilities through favorable business policy offerings is increasing. This is resulting in emergence of small and mid-size enterprises with innovative solutions. These are major factors expected to augment the growth of regional market.
Competitive Landscape
The global echocardiography market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
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