The Cardiac Imaging Market taught to grow sporadically shortly. With improvement in machine-powered analytics, the healthcare vertical is bound to substantiate therein. Machine learning does make caregivers able of putting data to use, thereby enhancing patients’ outcomes along with overall efficiency. This would be the trend in the healthcare vertical going forward.
Coronary catheterization is a minimally invasive procedure utilized for pressure monitoring and blood sampling with the help of catheter inserted in the heart. The cardiac imaging market can be segmented on the basis of various imaging technologies such as coronary catheterization, echocardiogram, intravascular ultrasound, positron emission tomography, computed tomography (spiral, electron beam and multi-detector), and magnetic resonance angiography.
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According to American Heart Association, in 2011 overall rate of death attributable to cardiovascular diseases was 229.6 per 100 000 Americans.
In 2012, the demand for cardiovascular diagnostics had slowed down primarily due to a weakened global economy especially in European region, cost-reducing measures and issues related with various healthcare reforms. However, post revival of major economies the rising prevalence of cardiovascular diseases, sedentary lifestyle and aging population assisted the market growth of cardiac imaging market. Demographics are also playing integral role in the cardiac imaging market.
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The rising incidence of cardiovascular diseases is creating a larger patient pool which helps to generate an increase in the demand for software and devices that are assisting in better diagnoses. The market competition in cardiac imaging market is expected to increase due to increasing demand for modern diagnostic technologies in emerging economies along with additional opportunities.
Europe was observed to be the second largest cardiac imaging market and aging population was observed to be the major reason for growth of this market in Western European countries. According to European Society of Cardiology, each year cardiovascular disease (CVD) causes over 4 million deaths in Europe and 1.9 million deaths in the European Union (EU).
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South America and Asia-Pacific (APAC) are the most potential markets for cardiac imaging devices. The major factors responsible for market growth in these geographies are developing healthcare infrastructure, growing economy is amplifying the healthcare expenditure and increasing awareness against cardiovascular diseases. The most attractive and potential countries that are expected to boost the market growth of cardiac imaging devices are China, India, and Brazil.
Global Cardiac Imaging Market: Market Participants
- Toshiba
- GE Healthcare
- Siemens Healthcare
- Philips Healthcare
- Epsilon Imaging among others
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