Germany Cardiovascular Ultrasound Market Size & Outlook
Germany cardiovascular ultrasound market, 2018-2030 (US$M)
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Germany cardiovascular ultrasound market highlights
- The Germany cardiovascular ultrasound market generated a revenue of USD 134.1 million in 2023 and is expected to reach USD 194.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.5% 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.
Cardiovascular ultrasound market data book summary
| Market revenue in 2023 | USD 134.1 million |
| Market revenue in 2030 | USD 194.4 million |
| Growth rate | 5.5% (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, Germany accounted for 4.7% 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 Europe, Germany cardiovascular ultrasound market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 174.9 million by 2030.
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Cardiovascular Ultrasound Market Scope
Cardiovascular Ultrasound Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 55.33% in 2023. Horizon Databook has segmented the Germany 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.
Germany is expected to exhibit lucrative growth of 7.5% over the forecast period due to various factors such as rapidly aging population coupled with growing prevalence of age-related cardiovascular disorders and increasing number of cardiovascular surgeries. Siemens, based in Germany, is one of the major players in this market and caters to domestic as well as international markets.
According to German Heart Surgery Report 2017, a total of 179,337 cardiovascular surgeries were performed in the country. Transesophageal cardiograph is the perioperative monitoring system required during these surgical procedures.
In July 2017, Philips acquired TomTec Imaging Systems GmbH (TOMTEC). This acquisition will help in strengthening the ultrasound business of Philips in the field of cardiology and OB/GYN. Therefore, increasing burden of cardiovascular diseases and growing number of initiatives by companies to provide CVUS in the country are expected to propel the market growth.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany cardiovascular ultrasound market , including forecasts for subscribers. This country databook contains high-level insights into Germany cardiovascular ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany cardiovascular ultrasound market size, by type, 2018-2030 (US$M)
Germany Cardiovascular Ultrasound Market Outlook Share, 2023 & 2030 (US$M)
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