Structural Heart Imaging Market To Witness Growth Based On Rising Government Support To Improve Accessibility To Treatments Till 2025: Grand View Research, Inc.
The global structural heart imaging market is expected to reach
USD 25.3 billion by 2025, according to a new report by Grand View Research,
Inc. Global increase in incidence of Structural Heart Diseases (SHDs), growing
awareness about diseases, and technological advancements in imaging modalities
are anticipated to drive the market during the forecast period.
Furthermore, clearer high-quality
images are necessary for management of patients suffering from SHDs. Hence,
availability of technologically advanced devices and increase in their adoption
are likely to boost the market in the coming years. Echocardiogram, Magnetic
Resonance Imaging (MRI) and CT are the most widely used modalities for SHI.
Echocardiogram accounted for the
maximum share in the SHI market in 2016 and is estimated to maintain its
dominance during the forecast period. This can be attributed to the adoption of
echo test as a first-line imaging technique, low cost as compared to CT &
MRI, and its superiority in visualization of intracardiac structures.
MRI segment is expected to
witness the fastest growth in the coming years due to technological
advancements, as well as the ability of MRI to provide accurate &
reproducible quantification of ventricular function and image the entire body.
U.S. structural heart imaging
market by imaging modality, 2014 - 2025 (USD Million)
Browse full research report on
Structural Heart Imaging Market
Further key findings from the
report suggest:
- Globally, the
SHI market is expected to exhibit a CAGR of almost 10% from 2017 to 2025,
which can be attributed to increase in investment by players for
advancements in imaging of structural heart diseases, as well as increase
in number of patients suffering from SHD.
- By modality,
echocardiogram segment dominated the market in 2016 and is estimated to
account for more than 50.0% of market share by 2025. This can be
attributed to its superiority in visualization of intracardiac structures
- MRI segment
is likely to drive the market at the fastest rate in the coming years due
to technological advancements in MRI devices. Furthermore, this modality
does not use ionizing radiation, making it more suitable than CT for
diagnosis of children & pregnant women
- Geographically,
in 2016,North America accounted the largest share and is expected to
maintain its dominance during forecast period due to availability of
technologically advanced devices, high healthcare expenditure, and
favorable reimbursement policies for imaging
- Asia Pacific
is likely to witness lucrative growth in the coming years owing to growing
investments by players in the region and increase in well-equipped &
sophisticated hospitals. These factors are expected to result in rise in
demand for advanced procedures for structural heart diseases
- Some of the
key players operating in the SHI market are Toshiba Corporation; Siemens
Healthineers; Koninklijke Philips N.V.; Shimadzu Corporation; Pie Medical Imaging;
Circle Cardiovascular Imaging, Inc.; TomTec Imaging Systems GmbH;
CardioComm Solutions, Inc.; and HeartSciences.
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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