Cardiovascular Ultrasound Market to Reach $4.2 Billion by 2032, exhibiting a CAGR of 5.8% from 2023 to 2032: Allied Market Research
PORTLAND, Ore., Dec. 6, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Cardiovascular Ultrasound Market by Type (Transthoracic Echocardiogram, Transesophageal Echocardiogram, Stress Echocardiogram, and Others), Technology (2D, 3D & 4D, and Others), Display Type (Color and Black & White), and End User (Hospital, Cardiac Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global cardiovascular ultrasound market was valued for $2.4 Billion in 2022, and is projected to reach $4.2 Billion by 2032, registering a CAGR of 5.8% from 2023 to 2032.
- The 2D segment to maintain its leadership status throughout the forecast period.
- However, the cardiac centers segment is projected to manifest a significant CAGR of 6.4% from 2023 to 2032.
- Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global cardiovascular ultrasound market revenue.
- This is attributed to high presence of cardiovascular ultrasound drug manufacturers in North America and rising prevalence of chronic disease such as cancer and chronic pain.