1. What is the projected Compound Annual Growth Rate (CAGR) of the Europe Handheld Echocardiography Devices Market?
The projected CAGR is approximately 10.9 %.
Europe Handheld Echocardiography Devices MarketEurope Handheld Echocardiography Devices Market Strategic Roadmap: Analysis and Forecasts 2025-2033
Europe Handheld Echocardiography Devices Market by Test Type (Transthoracic Echocardiography, Others), by Technology (2D, Doppler Imaging), by End-user (Hospitals & ASCs, Diagnostic Centers, Others), by Forecast 2025-2033
Base Year: 2024
140 Pages
Europe Handheld Echocardiography Devices Market Strategic Roadmap: Analysis and Forecasts 2025-2033
Europe Handheld Echocardiography Devices Market Strategic Roadmap: Analysis and Forecasts 2025-2033
Key Insights
The Europe Handheld Echocardiography Devices Market size was valued at USD 11.6 USD million in 2023 and is projected to reach USD 23.93 USD million by 2032, exhibiting a CAGR of 10.9 % during the forecast period. Hand-held echocardiography devices are ultrasound devices which are machines that are used for cardiac imaging but are portable. They are available in different sizes such as a pocket one and the newest one that can be connected to a smartphone. Such devices are fitted with features such as on-spot imaging, Doppler capabilities, and wireless connectivity among others. They can be useful in the determination of patient care at the point of care, emergency medicine, and telemedia care. In Europe, current trends are computerized image interpretation, AI, a wide range of primary care settings, and deprescription of the miniature affordable healthcare. Handheld echocardiography equipment plays a vanguard role in the Aldehyde of cardiac imaging accessibility and patient care in various clinical scenarios.
Europe Handheld Echocardiography Devices Trends
- Increasing prevalence of cardiovascular diseases
- Rising demand for minimally invasive diagnostic procedures
- Growing adoption of handheld devices in point-of-care settings
Driving Forces: What's Propelling the Europe Handheld Echocardiography Devices Market
- Technological advancements: Continuous improvements in image quality and portability
- Government initiatives: Support for early detection and management of cardiovascular diseases
- Aging population: Increased risk of cardiovascular diseases with age
Challenges and Restraints in Europe Handheld Echocardiography Devices Market
- Cost: While the upfront cost of handheld echocardiography devices has decreased in recent years, they still represent a significant investment for healthcare providers. Additionally, ongoing maintenance and repair costs can add to the overall cost of ownership.
- Limited Skilled Professionals: Operating and interpreting echocardiography results require specialized training and skilled healthcare providers. The availability of qualified professionals can be a challenge in certain areas, particularly in remote or underserved regions.
- Competition from Traditional Ultrasound Systems: Traditional ultrasound systems continue to offer superior image quality and more advanced features compared to handheld echocardiography devices. This can limit the adoption of handheld devices in settings where higher image resolution and detailed diagnostic capabilities are required.
Emerging Trends in Europe Handheld Echocardiography Devices
- Artificial intelligence (AI): AI-powered algorithms to enhance image processing and interpretation
- Wireless connectivity: Enables data sharing and remote consultations
- Cloud-based storage: Facilitates access to medical records and images
Growth Catalysts in Europe Handheld Echocardiography Devices Industry
- Increased Cardiovascular Health Awareness: Public health campaigns and educational initiatives have raised awareness about the importance of cardiovascular health. This has led to a growing demand for early and accurate cardiac screening, which can be facilitated by handheld echocardiography devices.
- Collaborations between Manufacturers and Healthcare Providers: Partnerships between device manufacturers and healthcare organizations foster innovation, enhance adoption, and improve clinical outcomes. These collaborations can lead to the development of tailored devices and solutions that meet the specific needs of healthcare providers.
- Government Support for R&D: Government funding and initiatives support research and development in handheld echocardiography devices. This promotes technological advancements, new product innovations, and ultimately improves the quality of patient care.
Market Segmentation: Europe Handheld Echocardiography Devices Analysis
Test Type:
- Transthoracic Echocardiography
- Others
Technology:
- 2D and Doppler Imaging
End-user:
- Hospitals & ASCs
- Diagnostic Centers
- Others
Leading Players in the Europe Handheld Echocardiography Devices Market
- Koninklijke Philips N.V. (Netherlands)
- General Electric Company (U.S.)
- Clarius (Canada) -
- EchoNous Inc. (U.S.)
- CHISON Medical Technologies Co., Ltd. (China)
- Butterfly Network, Inc. (U.S.)
- ImaCor (U.S.)
Significant Developments in Europe's Handheld Echocardiography Devices Sector
- January 2023: Clarius introduced a new ultrasound system with all-day scanning capabilities.
- September 2022: Clarius partnered with Dr. Thomas Cook to deliver educational webinars for emergency physicians.
- June 2022: Clarius and ImaCor collaborated to commercialize a handheld transesophageal echocardiography device.
- December 2021: Philips acquired Vesper Medical to enhance its diagnostic and therapeutic offerings.
- September 2021: UltraSight and GE Healthcare conducted a cardiac study on the Axiom 'Rakia' space mission.
Comprehensive Coverage Europe Handheld Echocardiography Devices Market Report
- Market overview and key insights
- Market drivers, restraints, and growth catalysts
- Market segmentation and growth prospects
- Competitive landscape and leading players
- Significant developments and industry trends
- Future perspectives and growth opportunities
Regional Insight
- Germany
- France
- Italy
- U.K.
- Spain
- Scandinavia
- Central & Eastern Europe
DROCs
- Drivers:
- Technological advancements improving device performance and user experience.
- Rising demand for minimally invasive procedures, including handheld echocardiography.
- Restraints:
- High cost of devices and maintenance.
- Limited availability of skilled healthcare professionals.
- Opportunities:
- AI-powered solutions enhancing diagnostic capabilities and reducing interpretation errors.
- Cloud-based storage for secure and convenient data management.
- Challenges:
- Competition from traditional ultrasound systems with established reputations and wide adoption.
- Regulatory approvals and standards compliance can delay market entry and impede adoption.
Pricing Analysis
- Varies depending on device capabilities, brand reputation, and market demand
- Key factors influencing pricing: image quality, portability, software features
Import And Export Analysis
- Key import markets: U.S., China, Japan
- Key export markets: Germany, France, U.K.
Patent/Trademark Analysis
- Analysis of key patents and trademarks in the Europe handheld echocardiography devices market
- Identification of potential intellectual property risks and opportunities
Europe Handheld Echocardiography Devices Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 10.9 % from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Adoption of Handheld Echocardiography Over Other Cardiac Diagnostics to Fuel Market Growth
- 3.3. Market Restrains
- 3.3.1. Lack of Experienced Technicians with Limitations Related to Handheld Echocardiography Devices Usage to Limit Market Growth
- 3.4. Market Trends
- 3.4.1. Emergence of Ultrasound in Telehealth to Boost Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Europe Handheld Echocardiography Devices Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Test Type
- 5.1.1. Transthoracic Echocardiography
- 5.1.2. Others
- 5.2. Market Analysis, Insights and Forecast - by Technology
- 5.2.1. 2D
- 5.2.2. Doppler Imaging
- 5.3. Market Analysis, Insights and Forecast - by End-user
- 5.3.1. Hospitals & ASCs
- 5.3.2. Diagnostic Centers
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1.
- 5.1. Market Analysis, Insights and Forecast - by Test Type
- 6. North America Europe Handheld Echocardiography Devices Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 6.1.1 United States
- 6.1.2 Canada
- 6.1.3 Mexico
- 7. South America Europe Handheld Echocardiography Devices Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.1.1 Brazil
- 7.1.2 Argentina
- 7.1.3 Rest of South America
- 8. Europe Europe Handheld Echocardiography Devices Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 8.1.1 Germany
- 8.1.2 France
- 8.1.3 Italy
- 8.1.4 United Kingdom
- 8.1.5 Netherlands
- 8.1.6 Rest of Europe
- 9. Europe Europe Handheld Echocardiography Devices Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 9.1.1 Germany
- 9.1.2 France
- 9.1.3 Italy
- 9.1.4 United Kingdom
- 9.1.5 Netherlands
- 9.1.6 Rest of Europe
- 10. MEA Europe Handheld Echocardiography Devices Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 10.1.1 Middle East
- 10.1.2 Africa
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 Koninklijke Philips N.V. (Netherlands)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 General Electric Company (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Clarius (Canada)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 EchoNous Inc. (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 CHISON Medical Technologies Co. Ltd. (China)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Butterfly Network Inc. (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 ImaCor (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.1 Koninklijke Philips N.V. (Netherlands)
List of Figures
- Figure 1: Europe Handheld Echocardiography Devices Market Revenue Breakdown (undefined, %) by Product 2024 & 2032
- Figure 2: Europe Handheld Echocardiography Devices Market Share (%) by Company 2024
List of Tables
- Table 1: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Region 2019 & 2032
- Table 2: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Region 2019 & 2032
- Table 3: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Test Type 2019 & 2032
- Table 4: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Test Type 2019 & 2032
- Table 5: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Technology 2019 & 2032
- Table 6: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Technology 2019 & 2032
- Table 7: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by End-user 2019 & 2032
- Table 8: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by End-user 2019 & 2032
- Table 9: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Region 2019 & 2032
- Table 10: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Region 2019 & 2032
- Table 11: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Country 2019 & 2032
- Table 12: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Country 2019 & 2032
- Table 13: United States Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 14: United States Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 15: Canada Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 16: Canada Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 17: Mexico Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 18: Mexico Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 19: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Country 2019 & 2032
- Table 20: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Country 2019 & 2032
- Table 21: Brazil Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 22: Brazil Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 23: Argentina Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 24: Argentina Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 25: Rest of South America Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 26: Rest of South America Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 27: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Country 2019 & 2032
- Table 28: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Country 2019 & 2032
- Table 29: Germany Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 30: Germany Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 31: France Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 32: France Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 33: Italy Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 34: Italy Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 35: United Kingdom Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 36: United Kingdom Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 37: Netherlands Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 38: Netherlands Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 39: Rest of Europe Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 40: Rest of Europe Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 41: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Country 2019 & 2032
- Table 42: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Country 2019 & 2032
- Table 43: Germany Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 44: Germany Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 45: France Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 46: France Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 47: Italy Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 48: Italy Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 49: United Kingdom Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 50: United Kingdom Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 51: Netherlands Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 52: Netherlands Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 53: Rest of Europe Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 54: Rest of Europe Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 55: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Country 2019 & 2032
- Table 56: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Country 2019 & 2032
- Table 57: Middle East Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 58: Middle East Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 59: Africa Europe Handheld Echocardiography Devices Market Revenue (undefined) Forecast, by Application 2019 & 2032
- Table 60: Africa Europe Handheld Echocardiography Devices Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 61: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Test Type 2019 & 2032
- Table 62: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Test Type 2019 & 2032
- Table 63: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Technology 2019 & 2032
- Table 64: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Technology 2019 & 2032
- Table 65: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by End-user 2019 & 2032
- Table 66: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by End-user 2019 & 2032
- Table 67: Europe Handheld Echocardiography Devices Market Revenue undefined Forecast, by Country 2019 & 2032
- Table 68: Europe Handheld Echocardiography Devices Market Volume K Units Forecast, by Country 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the Europe Handheld Echocardiography Devices Market?
Key companies in the market include Koninklijke Philips N.V. (Netherlands), General Electric Company (U.S.), Clarius (Canada), EchoNous Inc. (U.S.), CHISON Medical Technologies Co., Ltd. (China), Butterfly Network, Inc. (U.S.), ImaCor (U.S.).
3. What are the main segments of the Europe Handheld Echocardiography Devices Market?
The market segments include Test Type, Technology, End-user.
4. Can you provide details about the market size?
The market size is estimated to be USD XXX N/A as of 2022.
5. What are some drivers contributing to market growth?
Adoption of Handheld Echocardiography Over Other Cardiac Diagnostics to Fuel Market Growth.
6. What are the notable trends driving market growth?
Emergence of Ultrasound in Telehealth to Boost Market Growth.
7. Are there any restraints impacting market growth?
Lack of Experienced Technicians with Limitations Related to Handheld Echocardiography Devices Usage to Limit Market Growth.
8. Can you provide examples of recent developments in the market?
January 2023 – Clarius introduced an ultrasound system, Clarius Power Fan HD3, that enables all-day scanning, a first for handheld ultrasound devices.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3850, USD 4850, and USD 5850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in N/A and volume, measured in K Units.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Europe Handheld Echocardiography Devices Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Europe Handheld Echocardiography Devices Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Europe Handheld Echocardiography Devices Market?
To stay informed about further developments, trends, and reports in the Europe Handheld Echocardiography Devices Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
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