The global demand for Intravascular Ultrasound Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX USD Million/K Units in 2021 and forecast to touch XX USD Million/K Units by 2028 with a CAGR of XX% during 2022-2028.
Intravascular ultrasound (IVUS) or endovascular ultrasound is a diagnostic imaging technique that uses a transducer or probe to generate high-frequency sound waves and see inside blood vessels or produce images of blood vessels. Intravascular ultrasound is an invasive diagnostic test. The operator inserts a probe into a vein in hand or arm to view the inside picture. It can show the entire artery wall and provide important information about the condition and status of the condition or disease. It helps evaluate the blood vessels that supply blood to the heart, obtaining information about nature or its blood vessels, finding out if one needs heart surgery, and diagnosing some types of heart conditions.
Market Dynamics
The rising prevalence of cardiovascular diseases and expanding aging population are propelling demand for intravascular ultrasound worldwide. Cardiovascular diseases remain the main cause of disease burden in the globe. According to GBD 2019 Study, in 2019, prevalent cases of CVD were 523 million, which increased by 12.1 million in 1990. As per United Nations New York, 2017 Highlights, the global population aged 60 years and above is forecasted to reach almost 2.1 billion. The market is projected to proliferate with increasing government investment in improving healthcare services, the rising number of diagnostic providers. Escalating private funding for R&D in ultrasound imaging, technological advancements, novel launches of products, and significant approval for product use are other important factors contributing to the growth. However, lack of funding and shortage of skilled labor to handle advanced machines may hamper the market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of intravascular ultrasound. The growth and trends of Intravascular Ultrasound Industry provide a holistic approach to this study.
Market Segmentation
This section of the intravascular ultrasound market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Modality
- Virtual Histology IVUS
- iMap IVUS
- Integrated Backscatter IVUS
By Product
- Consoles
- Accessories
- Catheters
- Guidewires
- Others
By End-Use
- Hospital
- Diagnostic Centers
- Academic and Research Institutes
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Intravascular Ultrasound market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Intravascular Ultrasound Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the intravascular ultrasound market include Philips, GE Healthcare, Inc., Hitachi, Boston Scientific Corporation, Fujifilm Medical Systems, Siemens Healthcare, Canon Medical, Allergan plc, AstraZeneca, Bayer HealthCare Pharmaceuticals, Biogen, Inc., GlaxoSmithKline Plc, and H. Lundbeck A/S. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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