Market revenue in 2023 | USD 238.7 million |
Market revenue in 2030 | USD 321.0 million |
Growth rate | 4.3% (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 |
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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 Latin America 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.
Various factors contributing to the market growth include increasing prevalence of heart diseases and growing import of medical devices. Approximately 89.6 million, i.e., 27% of the adult population in Latin American countries of Mexico, Peru, Venezuela, Panama, El Salvador, Brazil, Colombia, and Ecuador suffer from one of these heart conditions: heart attack, heart failure, atrial fibrillation. Hence, growing need for appropriate diagnosis by echocardiography is boosting the market demand.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cardiovascular ultrasound market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cardiovascular ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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