According to a recent study titled ‘GLOBAL CARDIOVASCULAR ULTRASOUND SYSTEM MARKET 2019-2027’, available with Market Study Report, global cardiovascular ultrasound system market is anticipated to exhibit an appreciable CAGR of 5.31% during 2019-2027.
 

Mounting cases of cardiovascular disorders (CVDs), surging healthcare expenditure, rising preference towards minimally invasive procedures, and technological advancements are fundamental to global cardiovascular ultrasound system market expansion. Besides, increasing R&D activities and escalating demand for mobile-based ultrasound devices are expected to present new growth opportunities in the coming years.
 

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On the other hand, poor reimbursement scenario, high cost of surgeries, and growing adoption of alternative systems are hampering the demand for cardiovascular ultrasound systems. Furthermore, strict government norms, complexities with interventional cardiology devices, and expensive cardiac catheter & coronary stent-based treatments are the other factors stifling global cardiovascular ultrasound system market growth, cites the study.
 

For those unfamiliar, conditions impacting the heart or blood vessels are termed as CVDs, which are leading cause of death worldwide. Lack of physical activity, unhealthy diet, and excess consumption of tobacco and alcohol are the major causes of CVDs. According to WHO, about 25% reduction in mortality rate in CVD cases is creditable to advancements in cardiac surgery and decrease in alcohol and tobacco consumption. Prevention and treatment of CVDs is now possible with medications, making the role of cardiovascular ultrasound systems vital for diagnosing the condition of heart.  
 

Geographically, Europe, Asia Pacific, North America, Latin America, and Middle East & Africa are the key contributors to worldwide cardiovascular ultrasound system market remuneration. As per the report, North America is touted to emerge as one of the fastest growing regions with United States being the largest market for healthcare devices and equipment. Credible sources cite that one in every four deaths in the nation is caused by heart diseases. In addition, high healthcare expenditure accounting for nearly 17.9% of the GDP is adding to cardiovascular ultrasound system industry outlook in North America.
 

Key players influencing global cardiovascular ultrasound system market landscape are Ultrasound Technologies Ltd., Abbott Vascular Inc., Stryker Corp., Philips Healthcare, CHISON Medical Imaging Co. Ltd., Mindray Medical International Ltd., Fujifilm Holdings Corp., Hitachi Medical Corp., Toshiba Medical Systems Corp., GE Healthcare Inc., Esaote S.p.A., Boston Scientific Corp., Unetixs Vascular Inc. (acquired by Opto Circuits), Articure Inc., and Samsung Electronics Co. Ltd.