An echocardiogram is a type of ultrasound examination, which uses high-pitched sound waves that pass through a device called a transducer. The device receives echoes of the sound waves as they bounce off to different areas of the heart. These echoes are converted into moving pictures of the heart, which can be seen on a video screen. Echocardiography is an important modality for diagnosing heart diseases. Multi-specialty hospitals with good infrastructure facilities and comprising more than 500 beds use over 10,000 cart-based, laptop/dockable, and portable/handheld echocardiography devices to diagnose and monitor patients. The growing technological advancements further help to develop three-dimensional (3D) modality software based on echocardiography systems to provide 3D images of the anatomical function of the heart.
Technavio’s analysts forecast the global echocardiography market to grow at a CAGR of 4.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global echocardiography market for 2017-2021. To calculate the market size, the report considers the revenue generated from the echocardiography.
The market is divided into the following segments based on geography:
Technavio's report, Global Echocardiography Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• GE Healthcare
• Koninklijke Philips
• Siemens Healthcare
• Toshiba Medical Systems
Other prominent vendors
• ALPINION MEDICAL SYSTEMS
• Bay Labs
• Biosense Webster
• Boston Scientific
• Bracco Imaging
• Carestream Health
• Ecare Medical Technology
• Samsung Medison
• MIDAS Software Solutions
• St. Jude Medical
• TELEMED Medical Systems
• Increasing prevalence of cardiac disorders
• For a full, detailed list, view our report
• High initial set-up and maintenance costs
• For a full, detailed list, view our report
• Increasing guidelines likely to fuel market growth
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Â• Key market highlights
PART 05: Market landscape
Â• Market overview
Â• Five forces analysis
PART 06: Market segmentation by product type
Â• Cart-/trolley-based echocardiography devices
Â• Portable/handheld echocardiography devices
PART 07: Market segmentation by technology
Â• 2D echocardiography
Â• 3D echocardiography
Â• 4D echocardiography
Â• 5D echocardiography
Â• Doppler echocardiography
PART 08: Market segmentation by end-users
Â• Diagnostic centers
PART 09: Geographical segmentation
Â• Echocardiography market in Americas
Â• Echocardiography market in EMEA
Â• Echocardiography market in APAC
PART 10: Decision framework
PART 11: Drivers and challenges
Â• Market drivers
Â• Impact of drivers on key customer segments
Â• Market challenges
Â• Impact of challenges on key customer segments
PART 12: Market trends
Â• Growing demand for handheld or portable echocardiography devices
Â• Growing use of AFI with echocardiography
Â• Increasing guidelines likely to fuel market growth
Â• Emergence of 5D imaging technology expanding echocardiography applications
PART 13: Vendor landscape
Â• Competitive scenario
Â• Key news
PART 14: Key vendor analysis
Â• GE Healthcare
Â• Koninklijke Philips
Â• Siemens Healthcare
Â• Toshiba Medical Systems
Â• Other prominent vendors
PART 15: Appendix
Â• List of abbreviations
Exhibit 01: Snapshot of global echocardiography market 2016
Exhibit 02: Factors impacting echocardiography market 2016
Exhibit 03: Global echocardiography market 2016-2021 ($ millions)
Exhibit 04: Opportunity analysis of global echocardiography market 2016
Exhibit 05: Five forces analysis
Exhibit 06: Global echocardiography market segmentation by product type 2016 and 2021 (%)
Exhibit 07: Global echocardiography market segmentation by product type 2016
Exhibit 08: Growth lifecycle analysis: Global echocardiography market segmentation by product type 2016
Exhibit 09: Global cart-/trolley-based echocardiography devices market 2016-2021 ($ millions)
Exhibit 10: Global portable/handheld echocardiography devices market 2016-2021 ($ millions)
Exhibit 11: Global echocardiography market segmentation by product type 2016-2021 ($ millions)
Exhibit 12: Global echocardiography market segmentation by product type 2016-2021 (%)
Exhibit 13: Market insights of global echocardiography market by product type 2016-2021
Exhibit 14: Global echocardiography market segmentation by technology type
Exhibit 15: Global echocardiography market by end-users 2016
Exhibit 16: Global echocardiography market segmentation by geography 2016 and 2021 (%)
Exhibit 17: Global echocardiography segmentation by geography 2016-2021 ($ millions)
Exhibit 18: Global echocardiography market segmentation by geography 2016-2021 (%)
Exhibit 19: Global echocardiography market segmentation by geography 2016
Exhibit 20: Growth lifecycle analysis: Echocardiography market segmentation by geography 2016
Exhibit 21: Echocardiography market in Americas 2016-2021 ($ millions)
Exhibit 22: Echocardiography market in EMEA 2016-2021 ($ millions)
Exhibit 23: Echocardiography market in APAC 2016-2021 ($ millions)
Exhibit 24: Reimbursement codes for echocardiography procedure in US
Exhibit 25: Impact of drivers
Exhibit 26: Impact of challenges
Exhibit 27: Competitive structure analysis of global echocardiography market 2016
Exhibit 28: Market share of global echocardiography market 2016
Exhibit 29: Market penetration of various manufacturers of global echocardiography market 2016
Exhibit 30: Strategic success factors of companies in global echocardiography market
Exhibit 31: GE Healthcare: Key highlights
Exhibit 32: GE Healthcare: Strength assessment
Exhibit 33: GE Healthcare: Strategy assessment
Exhibit 34: GE Healthcare: Opportunity assessment
Exhibit 35: Koninklijke Philips: Key highlights
Exhibit 36: Koninklijke Philips: Strength assessment
Exhibit 37: Koninklijke Philips: Strategy assessment
Exhibit 38: Koninklijke Philips: Opportunity assessment
Exhibit 39: Siemens Healthcare: Key highlights
Exhibit 40: Siemens Healthcare: Strength assessment
Exhibit 41: Siemens Healthcare: Strategy assessment
Exhibit 42: Siemens Healthcare: Opportunity assessment
Exhibit 43: Toshiba Medical Systems: Key highlights
Exhibit 44: Toshiba Medical Systems: Strength assessment
Exhibit 45: Toshiba Medical Systems: Strategy assessment
Exhibit 46: Toshiba Medical Systems: Opportunity assessment
Companies Mentioned are - GE Healthcare, Koninklijke Philips, Siemens Healthcare, Toshiba Medical Systems, 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
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.