Intravascular Ultrasound Market Trends, Analysis And Size Forecast To 2033

The intravascular ultrasound global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Intravascular Ultrasound Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The intravascular ultrasound market size has grown strongly in recent years. It will grow from $2.28 billion in 2023 to $2.49 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased prevalence of cardiovascular diseases, rising minimally invasive procedures, growing geriatric population, expansion of healthcare infrastructure, increasing healthcare expenditure.

The intravascular ultrasound market size is expected to see strong growth in the next few years. It will grow to $3.52 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to growing adoption of IVUS in coronary interventions, growing awareness about early diagnosis and treatment of heart diseases, development of high definition IVUS catheters, surge in research and development activities in medical imaging, rising prevalence of diabetes. Major trends in the forecast period include adoption of IVUS technology, implementation of AI and machine learning algorithms, development of portable and miniaturized IVUS devices, implementation of 3D IVUS imaging for better visualization, advancements in image resolution, implementation of real time feedback systems.

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Scope Of Intravascular Ultrasound Market
The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Intravascular Ultrasound Market Overview

Market Drivers -
The rising prevalence of cardiovascular diseases (CVDs) is expected to propel the growth of the intravascular ultrasound market going forward. Cardiovascular diseases (CVDs) are a group of disorders that affect the heart and blood vessels. The prevalence of cardiovascular diseases (CVDs) is increasing due to lack of physical activity, unhealthy diet, smoking, chronic stress, and excessive alcohol consumption. Intravascular Ultrasound (IVUS) is a valuable diagnostic tool for managing cardiovascular diseases (CVDs). It provides detailed images and information about the inside of blood vessels, particularly coronary arteries, which can significantly enhance the diagnosis, treatment, and management of various cardiovascular conditions. For instance, in April 2023, according to the British Heart Foundation, a UK-based cardiovascular research charity, the overall number of deaths in Scotland from all heart and circulatory illnesses was 17,639 in 2021, up from 17,448 in 2020. In addition, the number of deaths from coronary heart disease in the UK in 2021 will be 65,579, up from 64,170 in 2020. Therefore, the rising prevalence of cardiovascular diseases (CVDs) is driving the growth of the intravascular ultrasound market.

Market Trends -
Major companies operating in the intravascular ultrasound market focus on technological improvement with sonic lumen tomography (SLT) technology to improve diagnostic capabilities, facilitate better decision-making in cardiovascular procedures, and ultimately enhance patient outcomes. Sonic lumen tomography (SLT) technology enhances the visualization of blood vessels by providing high-resolution, cross-sectional images of the lumen (the interior space of a blood vessel) and the vessel walls. For instance, in May 2024, Provisio Medical Inc., a US-based medical equipment manufacturer, launched the Provisio SLT Intravascular ultrasound (IVUS) system. The Provisio SLT IVUS System consists of the SLT IVUS P1 system and the SLT IVUS support crossing catheter. Provisio improves vessel sizing data acquisition and presentation by using Sonic Lumen Tomography technology in front-line support crossing catheters. This solution shortens data acquisition time, decreases the use of contrast media, and reduces radiation exposure without disrupting the physician's workflow.

The intravascular ultrasound market covered in this report is segmented –
1) By Type: Platform Intravascular Ultrasound, Compact Intravascular Ultrasound
2) By Modality: Virtual Histology Intravascular Ultrasound (IVUS), iMap Intravascular Ultrasound (IVUS), Integrated Backscatter Intravascular Ultrasound (IVUS)
3) By Application: Peripheral Arterial Diseases, Cardiovascular Diseases
4) By End use: Hospital, Diagnostic Centers, Academic And Research Institutes

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Regional Insights -
North America was the largest region in the intravascular ultrasound market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intravascular ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -
Major companies operating in the intravascular ultrasound market are  Abbott Laboratories, Medtronic plc, Siemens Healthcare GmbH, Fujifilm Corporation, GE HealthCare Technologies Inc., Koninklijke Philips N.V., Boston Scientific Corporation, B. Braun Holding GmbH & Co. KG, Terumo Corporation, Fujikura Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Nipro Corporation, Shimadzu Corporation, Cook Group Incorporated, Analogic Corporation, Canon Medical Systems Corporation, ACIST Medical Systems Inc., Insightec Ltd., HeartFlow Inc., Chison Medical Technologies Co. Ltd., CIVCO Medical Instruments Co. Inc., Pie Medical Imaging BV, Conavi Medical Inc., Samsung Medison Co. Ltd., Esaote S.p.A., Sonic Concepts Inc.

Table of Contents

1. Executive Summary
2. Intravascular Ultrasound Market Characteristics
3. Intravascular Ultrasound Market Trends And Strategies
4. Intravascular Ultrasound Market - Macro Economic Scenario
5. Global Intravascular Ultrasound Market Size and Growth

...

32. Global Intravascular Ultrasound Market Competitive Benchmarking
33. Global Intravascular Ultrasound Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Intravascular Ultrasound Market
35. Intravascular Ultrasound Market Future Outlook and Potential Analysis
36. Appendix

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