South Africa Cardiovascular Ultrasound Market Size & Outlook
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South Africa cardiovascular ultrasound market highlights
- The South Africa cardiovascular ultrasound market generated a revenue of USD 84.0 million in 2024 and is expected to reach USD 115.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.5% from 2025 to 2030.
- In terms of segment, transthoracic echocardiography was the largest revenue generating type in 2024.
- 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 2024 | USD 84.0 million |
| Market revenue in 2030 | USD 115.5 million |
| Growth rate | 5.5% (CAGR from 2025 to 2030) |
| Largest segment | Transthoracic echocardiography |
| Fastest growing segment | Fetal Echocardiography |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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, South Africa accounted for 2.8% of the global cardiovascular ultrasound market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa cardiovascular ultrasound market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 115.5 million by 2030.
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Cardiovascular Ultrasound Market Scope
Cardiovascular Ultrasound Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Samsung Medison | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.samsungmedison.com/ |
| Chison Medical Technologies | View profile | 501-1000 | Wuxi Shi, Jiangsu, China, Asia | http://www.chison.com |
| shenzhen mindray automation equipment co. | View profile | 101-250 | Baoan, Guangdong, China, Asia | https://www.mindray-ele.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
South Africa 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 55.24% in 2024. 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.
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Target buyers of South Africa 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 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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South Africa Type - Cardiovascular Ultrasound Market size, 2024 - 2030 (US$M)
South Africa Cardiovascular Ultrasound Market Outlook Share, 2024 & 2030 (US$M)
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