Market revenue in 2023 | USD 37.2 million |
Market revenue in 2030 | USD 51.8 million |
Growth rate | 4.9% (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 55.38% in 2023. Horizon Databook has segmented the South Korea 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.
Growing incidence of cardiovascular diseases and increased mortality rate due to these diseases in the country are expected to propel the market growth. According to WHO, in 2018, the number of deaths in South Korea due to coronary heart disease reached 26,172, and stroke caused 27,962 deaths. The Korean Society of Echocardiography provides an opportunity to cardiologists, physicians, and internists for improving knowledge regarding cardiovascular imaging and patient care.
In addition, publications by the society help in increasing awareness regarding cardiovascular ultrasound among patients and medical care providers. Therefore, growing prevalence of cardiovascular diseases and increasing awareness regarding cardiovascular ultrasound in South Korea are expected to boost the market growth.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea cardiovascular ultrasound market , including forecasts for subscribers. This country databook contains high-level insights into South Korea cardiovascular ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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