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5.7% CAGR Growth in Echocardiography (ECG) Devices Market by End-user (Hospitals and Diagnostic centers), Product, and Region - Forecast to 2027 - Technavio | ||
By: PR Newswire Association LLC. - 06 Feb 2024 | Back to overview list |
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NEW YORK, Feb. 5, 2024 /PRNewswire/ -- The echocardiography (ECG) devices market size is estimated to grow by USD 4.10 billion from 2022 to 2027 at a CAGR of 5.7% according to Technavio. The hospitals segment is poised for significant growth, driven by widespread device use in cardiac care units. The US, with its advanced healthcare system, presents lucrative opportunities for ECG device manufacturers. Forecasts predict a 4.53% growth in the hospital end-user segment between 2022 and 2027, indicating sustained expansion in the global market. The growing competition is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio's report analyzes the market's competitive landscape and offers information on several vendors.
Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a free sample report! The echocardiography (ECG) devices market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects. Echocardiography (ECG) Devices Market Insights -
To understand more about the Echocardiography (ECG) Devices Market, request a Free sample report What are the key data covered in this Echocardiography (ECG) Devices Market report?
Technavio's SUBSCRIPTION platform Applications include The Echocardiography Devices industry, a crucial aspect of cardiology and medical imaging, witnesses growth due to increasing cardiovascular diseases. These devices use ultrasound technology to aid in diagnostic imaging and heart health assessment. With advancements like portable and 3D echocardiography, demand surges for cardiovascular diagnostics, driving market trends and healthcare technology evolution. Related Reports: The global ultrasound equipment market size is estimated to grow by USD 2.98 billion at a CAGR of 6.25% between 2023 and 2028. The concierge medicine market size is estimated to grow by USD 7.86 billion accelerating at a CAGR of 7.15% between 2023 and 2028. About US Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/5-7-cagr-growth-in-echocardiography-ecg-devices-market-by-end-user-hospitals-and-diagnostic-centers-product-and-region---forecast-to-2027---technavio-302052857.html SOURCE Technavio |
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