Market revenue in 2023 | USD 78.8 million |
Market revenue in 2030 | USD 115.5 million |
Growth rate | 5.6% (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 |
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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 55.33% in 2023. Horizon Databook has segmented the South Africa 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.
South Africa is one of the largest economies in African region. Due to lack of local manufacturers, it depends on other countries for its medical device needs. Import from the U.S. currently dominates the South African market, however, buyers are exploring options from different manufacturers in Asian countries, namely, India and China, which offer products at competitive prices.
The country imports ultrasound machines mainly from the U.S., China, Japan, the Republic of Korea, and the UK. South Africa currently has a lower adoption rate of cardiovascular ultrasound devices. This provides high growth potential in the country, which is expected to propel the market growth during the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa cardiovascular ultrasound market , including forecasts for subscribers. This country databook contains high-level insights into South Africa cardiovascular ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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