Market Analysis Report Global ECHOCardiography Market Report 2019

ECHOCardiography Market Projected to Reach US$
820 Million Till 2023
ECHOCardiography Market research report 2019 - 2023
provides the newest industry data and industry future trends,
allowing you to identify the products and end users driving
Revenue growth and profitability.
Global ECHOCardiography Market Synopsis:
According to Market Analyst, The Global ECHOCardiography Market is expected to grow at an
impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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The ECHOCardiography industry has also suffered a certain impact, but still maintained a relatively
optimistic growth, the past four years, ECHOCardiography market size to maintain the average annual
growth rate of 0.0354857884559 from 630.0 million $ in 2014 to 750.0 million $ in 2018, Market
analysts believe that in the next few years, ECHOCardiography market size will be further expanded, we
expect that by 2023, The market size of the ECHOCardiography will reach 820.0 million $.
Echocardiography is required for heart murmurs, heart attacks, acute chest pains, congenital heart
defects and rheumatic fever. The test is also useful to check for an enlarged heart, weak heart muscles,
blood clots, valve defects, and problems with heart structure.
Some of the significant factors driving the growth of the Global ECHOCardiography Market are Large
number of pipeline products, increase in incidences of heart disorders, rise in geriatric population, surge
in percentage of obesity and type 2 diabetes, high heart attack rate among the youth, increase in
incidences of coronary artery diseases, favorable reimbursement procedures, and rise in use of
monitoring devices
The global ECHOCardiography market is studied under three main segments namely test type, product
type, technology, and end-user. Based on end-user, the market can be segregated into hospitals, clinics,
diagnostic centers, and others. The hospitals segment held a large share of the global echocardiography
market in 2017 due to increase in patient preference for multispecialty hospitals.
In case of geographical region, North America dominated the global market in 2017. The U.S. accounted
for a major share of the market in the region. This can be attributed to the rise in incidences of heart
disorders and improved health infrastructure in the country.