Europe Cardiovascular Ultrasound Market Size & Outlook
Europe cardiovascular ultrasound market, 2018-2030 (US$M)
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Europe cardiovascular ultrasound market highlights
- The Europe cardiovascular ultrasound market generated a revenue of USD 778.3 million in 2023.
- The market is expected to grow at a CAGR of 5% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 778.3 million |
| Market revenue in 2030 | USD 1,094.1 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Transthoracic echocardiography |
| Fastest growing segment | Fetal Echocardiography |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 27.2% of the global cardiovascular ultrasound market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,021.9 million by 2030.
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Cardiovascular Ultrasound Market Scope
Cardiovascular Ultrasound Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 55.38% in 2023. Horizon Databook has segmented the Europe 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.
According to European Society of Cardiology (ESC) 2017 report, cardiovascular diseases are the leading cause of death in European countries, resulting in 49% of total deaths in women and 40% in men.
Furthermore, there are several professional organizations supporting growth of echocardiography market, e.g., European Association of Echocardiography (EAE)—the registered branch of ESC that offers research grants to help young doctors in research and professional practices in the field of cardiovascular imaging.
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Target buyers of Europe 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 continent-level data and insights on the Europe cardiovascular ultrasound market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cardiovascular ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe cardiovascular ultrasound market size, by country, 2018-2030 (US$M)
Europe Cardiovascular Ultrasound Market Outlook Share, 2023 & 2030 (US$M)
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