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Global ECG Market to See 7% CAGR Growth as Digital Health & AI Transform Cardiac Care by 2030

 


The echocardiography (ECG) market is projected to grow at a CAGR of ~7% over the forecast period. Major factors driving growth include increased prevalence of cardiovascular diseases (CVDs), rising adoption of point-of-care (POC) testing, growing aging population, rising demand for non-invasive diagnostic tools, technological advancement in echocardiography, and rising awareness regarding preventive healthcare. However, the market encounters certain challenges, including the high cost of advanced echocardiography systems, stringent regulatory approvals and compliance requirements, and a lack of skilled professionals. To learn more about the research report, download a sample report.

Echocardiography (ECG), or cardiac ultrasound, is a non-invasive imaging technique that employs high-frequency sound waves to produce detailed images of the heart's structures and evaluate its function in real-time. Various echocardiographic methods, such as transthoracic echocardiography, transesophageal echocardiography, and stress echocardiography, provide crucial insights into heart performance. Additionally, both transthoracic and transesophageal echocardiography can be combined with Doppler shift measurements to analyze blood flow within and around the heart. This approach helps identify issues like arterial narrowing, leaky heart valves, and defects in the heart's chamber separations.

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Growing prevalence of cardiovascular diseases (CDVs) drives market growth

The increasing prevalence of cardiovascular diseases (CVDs) is a key driver of growth in the echocardiography market. CVDs, including coronary artery disease, heart failure, hypertension, arrhythmias, and valvular disorders, remain the leading cause of death worldwide. According to the World Health Organization (WHO), cardiovascular diseases claim approximately 17.9 million lives annually, accounting for 32% of global deaths.

The aging population faces a higher risk of heart disease due to age-related cardiovascular changes and comorbidities such as diabetes and hypertension. Additionally, modern lifestyle factors, such as physical inactivity, unhealthy diets, smoking, and excessive alcohol consumption, further contribute to the rising incidence of CVDs. This growing burden highlights the critical need for effective diagnostic tools like echocardiography, which plays a pivotal role in the early detection, monitoring, and management of heart conditions. Echocardiography assesses the heart’s pumping efficiency and overall function, identifying issues such as valve disorders, chamber defects, and pericardial effusion, thereby supporting timely and accurate clinical interventions.

Advancements in echocardiography technologies fuel its demand

Echocardiography, a widely utilized diagnostic and screening tool in healthcare, has experienced a resurgence in demand, fueled by recent technological innovations. These advancements have transformed the way echocardiography is conducted, enabling more precise diagnoses and improved treatment of cardiovascular diseases. Key technological breakthroughs include:

  • Artificial Intelligence (AI): The integration of AI and machine learning has revolutionized echocardiographic data analysis. AI-powered algorithms facilitate automated measurements, enhance diagnostic accuracy, and accelerate clinical workflows, ensuring timely and effective patient care
  • 3D and 4D Imaging: The evolution from 2D imaging to 3D and 4D echocardiography has been transformative
    • 3D Echocardiography: Offers detailed, multidimensional views of the heart, improving the assessment of structural and functional abnormalities such as valve disorders, congenital defects, and heart failure
    • 4D Echocardiography: Adds the time dimension, providing real-time visualization of heart movement and function, aiding in dynamic evaluations and interventional planning
  • Speckle Tracking and Strain Imaging: Advanced techniques like speckle tracking and strain imaging analyze myocardial deformation, enabling the detection of subtle changes in heart muscle function before symptoms appear. These tools are invaluable for early diagnosis and guiding treatment decisions, particularly in conditions like chemotherapy-induced cardiotoxicity or early heart failure
  • Contrast Echocardiography: The use of contrast agents enhances image quality, particularly in patients with suboptimal acoustic windows. This technology improves the visualization of blood flow patterns, identifies structural defects, and evaluates the success of therapeutic interventions, making it a vital tool for complex cases
  • Handheld Ultrasound Devices: The advent of portable handheld ultrasound devices has revolutionized point-of-care diagnostics. Their compact design and ease of use make them ideal for emergency settings, such as trauma care or cardiac arrest, where rapid diagnosis and treatment are critical.

Competitive Landscape Analysis

The global echocardiography market is marked by the presence of established and emerging market players such as GE Healthcare; Koninklijke Philips; Siemens Healthineers; Canon Medical Systems Corporation; Esaote SpA; Samsung Electronics; Fujifilm Holdings Corporation; Hitachi Medical Corporation; Bay Labs; Bracco Imaging SpA; ContextVision AB; Digirad Corporation; and TELEMED Medical Systems among others. Some of the key strategies adopted by market players include new product development, strategic partnerships and collaborations, and investments.

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Global Echocardiography Market Segmentation

This report by Medi-Tech Insights provides the size of the global echocardiography market at the regional- and country-level from 2023 to 2030. The report further segments the market based on device, test type, technology, and end user.

Market Size & Forecast (2023-2030), By Device, USD Million

  • Cart/Trolley-based
  • Handheld/Portable

Market Size & Forecast (2023-2030), By Test Type, USD Million

  • Transthoracic Echocardiography
  • Transesophageal Echocardiography
  • Stress Echocardiography
  • Others

Market Size & Forecast (2023-2030), By Technology, USD Million

  • 2D
  • 3D & 4D
  • Doppler Imaging

Market Size & Forecast (2023-2030), By End User, USD Million

  • Hospitals
  • Diagnostics Center
  • Others

Market Size & Forecast (2023-2030), By Region, USD Million

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
  • Middle East & Africa

About Medi-Tech Insights

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry-leading CXO, VPs, and key demand/supply side decision-makers.

Contact:

Ruta Halde
Associate, Medi-Tech Insights
 +32 498 86 80 79
 info@meditechinsights.com 

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