The global cardiovascular ultrasound system marketis projected to reach USD 1.66 billion by 2021 from
USD 1.27 billion in 2016, at a CAGR of 5.4 percent,predicts Markets and Markets.
The growth of the cardiovascular ultrasound system market is propelled by increasing incidence of CVDs, technological advancements, and advantages of echocardiography over invasive cardiac diagnostic procedures. However, factors such as insufficient reimbursement scenario and economic impact of adopting new technologies are hindering the growth of the market.
The stress echocardiogram segment is expected to account for the largest share of the market in 2016. This is due to the major advantage of the stress echocardiogram that it can provide data of the cardiac muscles and valves before and after the stress of the heart muscle.
2-D technology is estimated to account for the largest share of the market in 2016, whereas the 3-D and 4-D technology segment is estimated to grow at the highest CAGR. Similarly, the hospitals segment is expected to account for the largest share of the market in 2016. The home care and ambulatory segment is estimated to register the highest CAGR due to increase in the usage of echocardiographs at the patient's house itself.