UAE Cardiovascular Ultrasound Market Size & Outlook
UAE cardiovascular ultrasound market, 2018-2030 (US$M)
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UAE cardiovascular ultrasound market highlights
- The UAE cardiovascular ultrasound market generated a revenue of USD 46.8 million in 2023 and is expected to reach USD 66.1 million by 2030.
- The UAE market is expected to grow at a CAGR of 5.1% 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 46.8 million |
| Market revenue in 2030 | USD 66.1 million |
| Growth rate | 5.1% (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, UAE accounted for 1.6% 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 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 |
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UAE 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 55.34% in 2023. Horizon Databook has segmented the UAE 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.
Cardiovascular diseases are estimated to account for 38% of all deaths in the UAE. Various factors such as obesity, hypertension, smoking, and diabetes in the UAE are expected to increase the risk of cardiovascular diseases in the country. Various events and conferences are being organized in the country to increase awareness regarding medical imaging in cardiology.
In August 2018, 28th International Conference on Cardiology and Healthcare held in UAE discussed cardiac diseases, cardiac surgery, and echocardiography, among others. Cardiologists, cardiac surgeons, university professors, and other medical professionals attended this conference to share their insights regarding cardiac care. In addition, market players are expanding in the UAE by launching new company divisions in the country.
For instance, in October 2019, Canon Medical Systems Corporation opened Middle East Division in Canon Middle East Dubai, UAE. This division of Canon will offer a range of diagnostic medical imaging products such as CT, MRI, Ultrasound, and X-ray in the MEA region. Therefore, growing awareness and increasing adoption of medical imaging for cardiology are expected to boost the market growth in the UAE.
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Target buyers of UAE 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 UAE cardiovascular ultrasound market , including forecasts for subscribers. This country databook contains high-level insights into UAE cardiovascular ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE cardiovascular ultrasound market size, by type, 2018-2030 (US$M)
UAE Cardiovascular Ultrasound Market Outlook Share, 2023 & 2030 (US$M)
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