Report ID: UCMIR35A2909
Report ID:
UCMIR35A2909 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the market size for handheld echocardiography devices in the United States reached USD 21.6 million. It is anticipated to experience significant growth, increasing from USD 23.9 million in 2023 to USD 52.6 million by 2030, reflecting a compound annual growth rate (CAGR) of 11.9% throughout the forecast period. Echocardiography, a non-invasive and speedy diagnostic technique for heart conditions like chest pain and valve stenosis, is commonly utilized in hospitals and radiology centers through cart-based and portable systems.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR35A2909