Cardiovascular Ultrasound Market to Reach $252.90 Million by 2030 in France, Claims Allied Market Research

Portland, OR, Jan. 20, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the France cardiovascular ultrasound market generated $162.97 million in 2020, and is estimated to reach $252.90 million by 2030, witnessing a CAGR of 4.7% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Rise in incidence of cardiovascular diseases (CVDs) and the advantages of echocardiography over invasive cardiac diagnostic procedures drive the growth of the France cardiovascular ultrasound market. However, strict government regulations restrain market growth. On the other hand, technological advancements create new opportunities in the coming years. 

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Impact of COVID-19 on Cardiovascular Ultrasound Market in France:

• Production activities of cardiovascular ultrasound were halted due to lockdown measures, unavailability of the workforce, and disrupted supply chain worldwide, especially during the initial phase of the Covid-19 pandemic. This impacted the overall production volumes in the country.
• There has also been a sharp decline in the number of ultrasound diagnostic procedures performed, during the pandemic, to avoid the possibility of cross-contamination.
• However, the production activities are expected to get back on track post-lockdown.

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The report offers detailed segmentation of the France cardiovascular ultrasound market based on clinical application, technology, device display, age group, and end user.

Based on clinical application, the diagnostic cardiology segment accounted for the highest share in 2020, contributing to more than half of the total share, and is estimated to continue its leadership status during the forecast period. Moreover, this segment is expected to witness the highest CAGR of 5.2% from 2021 to 2030. The research also analyzes the segments including interventional cardiology and vascular diagnostic.

Based on technology, the 2D segment contributed to the largest share in 2020, accounting for around three-fifths of the total share of the France cardiovascular ultrasound market, and is expected to maintain its dominant share during the forecast period. However, the 3D & 4D segment is estimated to witness the largest CAGR of 5.2% from 2021 to 2030.

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Based on end user, the public hospitals segment held the highest share in 2020, accounting for more than two-fifths of the total share, and is expected to maintain its lead position in terms of revenue by 2030. However, the cardiology centers segment is estimated to portray the fastest CAGR of 5.3% during the forecast period.

Leading players of the France cardiovascular ultrasound market analyzed in the research include Canon Inc. (Canon Medical System Corporation), Esaote S.p.A, Fujifilm Holding Corporation, General Electric Company, Hitachi Ltd., Koninklijke Philips N.V., Mindray Medical International Limited, Samsung Group, Siemens AG, and SuperSonic Imagine.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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