Canada Cardiovascular Ultrasound Market Size & Outlook
Canada cardiovascular ultrasound market, 2018-2030 (US$M)
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Canada cardiovascular ultrasound market highlights
- The Canada cardiovascular ultrasound market generated a revenue of USD 151.0 million in 2023 and is expected to reach USD 203.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, transthoracic echocardiography was the largest revenue generating type in 2023.
- Fetal Echocardiography is the most lucrative type segment registering the fastest growth during the forecast period.
Cardiovascular ultrasound market data book summary
| Market revenue in 2023 | USD 151.0 million |
| Market revenue in 2030 | USD 203.1 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Transthoracic echocardiography |
| Fastest growing segment | Fetal Echocardiography |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transthoracic Echocardiography, Transesophageal Echocardiography, Fetal Echocardiography, Other Types |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Koninklijke Philips NV, Siemens Healthineers AG ADR, Hitachi Ltd, shenzhen mindray automation equipment co., FUJIFILM Holdings Corp, Samsung Medison, Chison Medical Technologies |
Other key industry trends
- In terms of revenue, Canada accounted for 5.3% of the global cardiovascular ultrasound market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cardiovascular ultrasound market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 940.4 million by 2030.
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Cardiovascular Ultrasound Market Scope
Cardiovascular Ultrasound Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada cardiovascular ultrasound market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cardiovascular ultrasound market will help companies and investors design strategic landscapes.
Transthoracic echocardiography was the largest segment with a revenue share of 55.36% in 2023. Horizon Databook has segmented the Canada cardiovascular ultrasound market based on transthoracic echocardiography, transesophageal echocardiography, fetal echocardiography, other types covering the revenue growth of each sub-segment from 2018 to 2030.
Heart failure is a growing concern in Canada. Heart diseases are the second leading cause of death in Canada after cancer. The Canadian government spends 10.5% of its GDP on public healthcare and has undertaken initiatives such as establishing Canadian Society of Echocardiography Consensus Panel, which is responsible for setting guidelines for provision of echocardiography in Canada. Therefore, growing burden of cardiovascular diseases coupled with high healthcare spending is expected to propel growth of this market.
Growing concern about heart diseases is resulting in rising need for solutions in medical settings in Canada. Therefore, to meet this growing need, market players are providing their cardiac solutions to end users such as hospitals, diagnostic centers, and ASCs.
For instance, in March 2018, Philips provided a broad range of health solutions to the University of Ottawa Heart Institute (UOHI), a heart health center in Canada. These health solutions included cardiac ultrasound, patient monitoring, and image-guided therapy solutions. Moreover, many players to maintain their position in Canada CVUS market are launching advanced devices.
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Target buyers of Canada cardiovascular ultrasound market databook
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Our clientele includes a mix of cardiovascular ultrasound market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada cardiovascular ultrasound market , including forecasts for subscribers. This country databook contains high-level insights into Canada cardiovascular ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cardiovascular ultrasound market size, by type, 2018-2030 (US$M)
Canada Cardiovascular Ultrasound Market Outlook Share, 2023 & 2030 (US$M)
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