LAMEA Cardiovascular Ultrasound Market By Display (Color Display and B/W Display), By Technology (Doppler, 2D and 3D/4D), By Type (Transthoracic echocardiography, Transesophageal echocardiography, Fetal echocardiography and Others), By End Use (Hospital, Diagnostic centers, Ambulatory care centers and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Cardiovascular Ultrasound Market would witness market growth of 11.3% CAGR during the forecast period (2021-2027).
The domain of cardiac ultrasound procedures depends on the rules and regulations mentioned in the insurance plan of an individual, as there are many kinds of procedures such as 3D echocardiography, electrocardiography, and transthoracic echocardiography. Various insurance companies have formulated different sets of norms that are utilized to determine reimbursement rates. They can reject insurance on the basis of predisposing aspects. In some cases, insurance is denied due to the difference in treatment rationalities between a specialist and an insurance agency.
Various countries of this region have adopted the latest and advanced cardiovascular ultrasound systems as they have increased their healthcare spending on procuring advanced healthcare systems to provide better treatment to their respective population. In addition, the presence of a smaller number of market players in this region has hampered the development of the regional cardiovascular ultrasound market in the years to come.
However, many new players are willing to enter into this region due to the untapped potential of this region. These market players are aiming to build their brand reputation by providing ultrasound solutions at less cost in comparison to other regions. Moreover, the adoption of cardiovascular ultrasound in various healthcare facilities of the region would create new avenues for growth in the regional cardiovascular ultrasound market during the forecasting period.
The Brazil market dominated the LAMEA Ambulatory care centers Market by Country 2020, thereby, achieving a market value of $12.2 million by 2027. The Argentina market would witness a CAGR of 12.3% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 11.5% during (2021 - 2027).
Based on Display, the market is segmented into Color Display and B/W Display. Based on Technology, the market is segmented into Doppler, 2D and 3D/4D. Based on Type, the market is segmented into Transthoracic echocardiography, Transesophageal echocardiography, Fetal echocardiography and Others. Based on End Use, the market is segmented into Hospital, Diagnostic centers, Ambulatory care centers and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Siemens AG (Siemens Healthineers), Samsung Electronics Co., Ltd. (Samsung Group) (Samsung Medison Co., Ltd.), Mindray Medical International Limited, Chison Medical Technologies Co., Ltd., FUJIFILM Sonosite, Inc. (Fujifilm Holdings Corporation), Canon, Inc. (Canon Medical Systems Corporation) and Esaote SpA.
Scope of the Study
Market Segments Covered in the Report:
- Color Display and
- B/W Display
- 2D and
- Transthoracic echocardiography
- Transesophageal echocardiography
- Fetal echocardiography and
By End Use
- Diagnostic centers
- Ambulatory care centers and
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Siemens AG (Siemens Healthineers)
- Samsung Electronics Co., Ltd. (Samsung Group) (Samsung Medison Co., Ltd.)
- Mindray Medical International Limited
- Chison Medical Technologies Co., Ltd.
- FUJIFILM Sonosite, Inc. (Fujifilm Holdings Corporation)
- Canon, Inc. (Canon Medical Systems Corporation)
- Esaote SpA
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