Global Cardiac Imaging
Market Report
2024
The Global Cardiac Imaging market size is USD 0.515 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 8.8% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Cardiac Imaging market size is USD 0.515 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 8.8% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Cardiac Imaging Market Sales Revenue 2023 | $ 0.515 Billion |
Global Cardiac Imaging Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.8% |
North America Cardiac Imaging Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.2% |
Europe Cardiac Imaging Market Sales Revenue 2023 | $ 0.15 Billion |
Europe Cardiac Imaging Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.5% |
Asia Pacific Cardiac Imaging Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10% |
South America Cardiac Imaging Market Sales Revenue 2023 | $ 0.03 Billion |
South America Cardiac Imaging Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.5% |
Middle East & Africa Cardiac Imaging Market Sales Revenue 2023 | $ 0.02 Billion |
Middle East & Africa Cardiac Imaging Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.6% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Cardiac Imaging Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The escalating prevalence of cardiovascular diseases (CVD) globally leads to increased hospitalizations. The World Health Organization (WHO) identifies CVDs as the foremost global cause of mortality, claiming an estimated 18 million lives each year. This surge in cardiovascular issues necessitates advanced cardiac imaging software to detect heart-related problems through MRI, CT scans, angiography, radioactive substances, and other radiologic techniques. Factors such as an aging population, technological advancements, expanded use of CT and PET scans, and the rise in underlying causes of CVD, alongside market strategies, are anticipated to benefit the global Cardiac Imaging Software Market. However, high costs, driven by modern technology and diagnostic tests, particularly in the United States, exceeding $100 billion annually, pose challenges to market growth. Cardiovascular imaging contributes significantly to these expenses, and a lack of standardization in software and hardware integration hampers multi-site research, affecting market growth.
Rising cases of cardiovascular diseases such as heart attacks and strokes are fueling the demand for advanced cardiac imaging solutions. With an aging global population and the increasing prevalence of lifestyle-related risk factors, there's a growing urgency for accurate diagnostic tools to detect and continually monitor heart-related conditions. The mounting challenge of cardiovascular disorders underscores the importance of innovative cardiac imaging technologies. These technologies aim to deliver early and precise diagnoses, contributing to the efficient management and treatment of heart-related problems. Ultimately, they enhance patient outcomes and elevate the quality of healthcare on a global scale.
Increasingly, patients and healthcare providers are favoring non-invasive cardiac imaging modalities like MRI and CT scans over traditional invasive procedures. This transition is propelled by multiple factors, foremost among them being the decrease in patient discomfort and the reduction of associated complications. Non-invasive cardiac imaging techniques not only elevate the overall patient experience but also heighten diagnostic precision, rendering them a highly sought-after option in the healthcare landscape. This trend underscores the growing emphasis on patient-centered care and the ongoing technological advancements in cardiac imaging, ultimately serving the interests of both patients and healthcare professionals.
The use of ionizing radiation-based imaging modalities such as CT scans and angiography for cardiac evaluation raises concerns about radiation exposure. Excessive exposure to ionizing radiation can pose health risks, including an increased potential for cancer. As a result, patients and healthcare providers are increasingly cautious about the cumulative radiation dose associated with frequent cardiac imaging procedures. This restraint can limit the use of certain imaging techniques, particularly in cases where repeated evaluations are necessary, and drives the demand for lower-dose or radiation-free alternatives, posing a challenge for the Cardiac Imaging Software Market
During the COVID-19 pandemic, there has been a notable rise in demand for cardiovascular computed tomography angiography tests, leading to a shift in the utilization of specific cardiac imaging methods. Many non-emergency medical treatments, such as elective cardiac imaging tests, were cancelled or postponed during the peak of the COVID-19 epidemic. In order to lower the danger of viral transmission in hospital environments and prioritise resources for Covid-19 patients, this was done. The need for cardiac imaging services may have momentarily decreased as a result of the postponed treatments.
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The market for cardiac imaging is defined by the existence of well-known, prominent businesses with a sizeable market share. These businesses frequently provide a wide range of cardiac imaging products and services. The continuous development of imaging technology has a significant impact on the competitive environment. Organisations can get a competitive advantage by allocating resources towards research and development aimed at introducing revolutionary imaging modalities, including 3D imaging, artificial intelligence (AI) integration, and portable devices. An organization's product portfolio's quality and scope are vital. Companies may meet a variety of healthcare demands by providing a wide range of cardiac imaging solutions, such as nuclear imaging, computed tomography (CT), magnetic resonance imaging (MRI), and echocardiography.
Top Companies Market Share in Cardiac Imaging Industry: (In no particular order of Rank)
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According to Cognitive Market Research, the North American Cardiac Imaging market, Europe takes center stage, asserting its dominance with a significant 38% market share. What's even more noteworthy is the region's impressive 7.2% Compound Annual Growth Rate (CAGR), showcasing substantial growth potential. This robust CAGR underscores Europe's position as a key player and leader in the market. Its sizeable market share, combined with the sustained growth rate, solidifies its status as the dominant region within the North American Cardiac Imaging market, highlighting the pivotal role that Europe plays in driving advancements and innovation in the field of cardiac imaging.
The Asia Pacific region's rapid growth in the Cardiac Imaging market, driven by its impressive 10% Compound Annual Growth Rate (CAGR), can be attributed to factors such as the increasing prevalence of cardiovascular diseases, a growing aging population, rising healthcare infrastructure, and a surge in demand for advanced cardiac imaging technologies to meet the healthcare needs of a burgeoning population.
The current report Scope analyzes Cardiac Imaging Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, North America has established its dominance in the global Cardiac Imaging market, capturing a substantial 38% market share and exhibiting a noteworthy 7.2% Compound Annual Growth Rate (CAGR). This leadership position is attributed to several key factors. Firstly, North America boasts advanced healthcare infrastructure and a well-developed healthcare system, fostering the adoption of cutting-edge cardiac imaging technologies. Secondly, the region witnesses a high prevalence of cardiovascular diseases, necessitating increased use of cardiac imaging for accurate diagnosis and monitoring. Additionally, ongoing research and development efforts, coupled with robust investments in healthcare, contribute to the region's market dominance, reflecting its commitment to advancing cardiac healthcare and technology.
According to Cognitive Market Research, Europe plays a significant role in the global Cardiac Imaging market, contributing around 30% of the market share. The region is expected to experience substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 7.5% over the forecast period, resulting in a market size of approximately 0.15 USD Billion. In the European Cardiac Imaging market, "Hospitals" take the lead as the dominant segment. European hospitals serve as crucial hubs for cardiac care, offering a comprehensive array of cardiac imaging techniques, including Coronary Catheterization, Echocardiogram, Intravascular Ultrasound, Positron Emission Tomography, Computed Tomography, and Magnetic Resonance Angiography. Simultaneously, the "Ambulatory Surgical Centers" segment emerges as the fastest-growing category, reflecting the growing preference for outpatient care in the region, meeting the demand for convenient and efficient access to cardiac imaging services for European patients.
According to Cognitive Market Research, Asia Pacific region has emerged as the fastest-growing segment in the global Cardiac Imaging market, holding a substantial 23% market share and demonstrating a robust 10% Compound Annual Growth Rate (CAGR). This accelerated growth can be attributed to several factors. Firstly, the Asia Pacific region is experiencing a rising prevalence of cardiovascular diseases due to lifestyle changes, dietary habits, and an aging population. Secondly, the growing focus on healthcare infrastructure development and technological advancements in medical imaging is driving the adoption of cardiac imaging solutions. Moreover, increased healthcare investments and a burgeoning middle-class population seeking quality healthcare services are bolstering the region's expansion in the Cardiac Imaging market, emphasizing its potential as a significant growth engine.
According to Cognitive Market Research, In the Latin American region, the Cardiac Imaging market holds a significant position, contributing to approximately 5% of the global market share. This sector is expected to exhibit substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 8.5% over the forecast period, ultimately expanding the market size to approximately 0.03 USD Billion. Within the Latin American Cardiac Imaging market, the dominant segment is "Hospitals," as healthcare institutions are the primary providers of cardiac imaging services and play a pivotal role in addressing cardiovascular healthcare needs. They offer a wide range of imaging modalities, including Coronary Catheterization, Echocardiogram, Intravascular Ultrasound, Positron Emission Tomography, Computed Tomography, and Magnetic Resonance Angiography. Simultaneously, "Ambulatory Surgical Centers" represent the fastest-growing segment, capitalizing on the growing trend of outpatient care for cardiac imaging services, thus ensuring convenient and efficient access for patients in the region.
According to Cognitive Market Research, the Middle East & Africa region contributes approximately 3.8% to the global Cardiac Imaging market. Over the forecast period, it is expected to demonstrate substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 8.6%, resulting in a market size of around 0.02 USD Billion. In the Middle East & Africa Cardiac Imaging market, the "Hospitals" segment takes precedence as the dominant category. Hospitals in this region play a pivotal role in delivering cardiac care and offer a wide spectrum of cardiac imaging modalities, including Coronary Catheterization, Echocardiogram, Intravascular Ultrasound, Positron Emission Tomography, Computed Tomography, and Magnetic Resonance Angiography. Simultaneously, the "Ambulatory Surgical Centers" segment emerges as the fastest-growing sector, reflecting the rising demand for convenient and efficient outpatient care for cardiac imaging services in the Middle East & Africa region, addressing the evolving healthcare needs of patients.
Global Cardiac Imaging Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Cardiac Imaging Industry growth. Cardiac Imaging market has been segmented with the help of its Type, Application , and others. Cardiac Imaging market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, echocardiogram, utilizing ultrasound to visualize the heart's structure and function; Intravascular Ultrasound for detailed coronary artery imaging. Echocardiography, sometimes referred to as an echocardiogram, is a non-invasive diagnostic technique that produces real-time pictures of the heart using high-frequency sound waves, or ultrasound. It is frequently used to evaluate the anatomy, physiology, and blood flow of the heart.
Positron emission tomography (PET) is the cardiac imaging market's fastest-growing segment due to its exceptional ability to provide valuable insights into cardiac health at the functional and molecular level. This growth is attributed to its increasing importance as a diagnostic and monitoring tool for cardiovascular diseases. PET's capacity to offer in-depth information on heart conditions has made it a key technology in the field, driving its rising prominence in cardiac imaging and patient care.
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According to Cognitive Market Research, the cardiac imaging market exhibits diverse application segments, prominently employed within hospitals, cardiac centers, and ambulatory surgical centers. Hospitals serve as the central hub for cardiac imaging procedures, delivering a comprehensive range of diagnostic services and treatment options. Cardiac Centers specialize in addressing heart-related conditions and providing advanced imaging solutions.
In this landscape, ambulatory surgical centers are establishing themselves as the most rapidly expanding segment. This growth is propelled by the prevailing trend of seeking convenient and efficient outpatient care, and an increasing demand for cardiac imaging services that extend beyond the confines of traditional hospital settings. Ambulatory Surgical Centers are meeting the evolving healthcare needs by providing accessible and effective options for patients seeking cardiac imaging and treatment.
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
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The Global Cardiac Imaging Market is witnessing significant growth in the near future.
In 2023, the Coronary Catheterization segment accounted for noticeable share of global Cardiac Imaging Market and is projected to experience significant growth in the near future.
The Hospitals segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Siemens Healthineers , Philips Healthcare and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Coronary Catheterization, Echocardiogram, Intravascular Ultrasound, Positron Emission Tomography, Computed Tomography, Magnetic Resonance Angiography |
Application | Hospitals, Cardiac Centers, Ambulatory Surgical Centers |
List of Competitors | Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems Corporation, Fujifilm Holdings Corporation, Hitachi, Ltd., Samsung Medison, Shimadzu Corporation, Agfa-Gevaert Group, Toshiba Corporation, Hologic, Inc., Esaote S.p.A., Mindray Medical International Limited, Terason, Medtronic, Siemens AG, United Imaging Healthcare, Carestream Health, Aplio (Canon Medical Systems), HeartFlow |
This chapter will help you gain GLOBAL Market Analysis of Cardiac Imaging. Further deep in this chapter, you will be able to review Global Cardiac Imaging Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Cardiac Imaging market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Coronary Catheterization have a significant impact on Cardiac Imaging market? |
What are the key factors affecting the Coronary Catheterization and Echocardiogram of Cardiac Imaging Market? |
What is the CAGR/Growth Rate of Hospitals during the forecast period? |
By type, which segment accounted for largest share of the global Cardiac Imaging Market? |
Which region is expected to dominate the global Cardiac Imaging Market within the forecast period? |
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Country level Data Customization |
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Additional Data Analysis |
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Additional Quantitative Data |
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