CARDIOVASCULAR ULTRASOUND MARKET ANALYSIS

Cardiovascular Ultrasound MarketSize and Trends

The global cardiovascular ultrasound market is estimated to be valued at US$ 1,541.75 million in 2022 and expected to reach US$ 2,362.24 million by 2030, witnessing a CAGR of 5.5% over the forecast period (2022-2030).

Figure 1. Global Cardiovascular Ultrasound Market Share (%), By Region, 2022

The rising prevalence of cardiovascular disease cases is expected to drive the growth of the global cardiovascular ultrasound market.

The rising prevalence of cardiovascular diseases such as coronary disease, heart attack, etc. will increase the demand for cardiovascular ultrasound as it uses sound waves to produce images of the heart for the assessment of the overall health of the heart. This is expected to drive the growth of the global cardiovascular ultrasound market. According to the American College of Cardiology Foundation, in 2019, there were approximately 1.05 million people suffering from coronary diseases in the U.S. Moreover, according to the Centers for Disease Control and prevention (CDC) report 2020, around 805,000 Americans have a heart attack every year.

According to the European Heart Network 2017 report, each year, cardiovascular disease (CVD) causes 3.9 million deaths in Europe and over 1.8 million deaths in the European Union (EU). Moreover, according to the same source, CVD accounts for 45% of all deaths in Europe and 37% of all deaths in the EU.