The market for intravascular ultrasound (IVUS) devices is projected to increase from US$ 608.97 million in 2021 to US$ 1,012.37 million by 2028, reflecting a compound annual growth rate (CAGR) of 7.5% during the period from 2021 to 2028.
IVUS is an advanced imaging modality that employs a specialized catheter equipped with a small ultrasound probe at its tip, which connects to computerized ultrasound systems. This innovative technique leverages ultrasonic technology to visualize the inner structures of blood vessels, effectively penetrating the surrounding blood column, with a particular focus on the arteries of the heart.
MARKET DYNAMICS
The intravascular ultrasound devices market is anticipated to grow significantly throughout the forecast period, driven by ongoing technological innovations. However, the high costs associated with diagnostic devices and inconsistent reimbursement policies pose challenges to market expansion. Additionally, the increasing incidence of cardiovascular diseases, the rising rates of obesity, and an aging demographic are contributing to the market's growth trajectory during this period.
MARKET SCOPE
The report titled "Analysis of the Intravascular Ultrasound Devices Market up to 2027" provides a thorough examination of the healthcare landscape, specifically focusing on global market trends. The aim of this report is to deliver a detailed overview of the market, including an in-depth segmentation based on product type, application, and geographical location. The anticipated growth in this sector is expected to be robust throughout the forecast period. The report also includes vital statistics regarding the current status of leading players in the intravascular ultrasound devices market, while also identifying key trends and opportunities that exist within the industry.
MARKET SEGMENTATION
The intravascular ultrasound devices market is categorized into segments based on product type and application. The product segment includes IVUS consoles, IVUS catheters, and various IVUS accessories such as pullback devices and guidewires. The application segment is divided into the IVUS coronary diagnostic market, IVUS coronary intervention market, IVUS coronary research market, and the IVUS non-coronary/peripheral applications market.
REGIONAL FRAMEWORK
This report provides a comprehensive overview of the intravascular ultrasound devices market, offering both qualitative and quantitative insights. It presents a detailed forecast and analysis of the intravascular ultrasound devices industry, segmented by various criteria. Furthermore, it includes market size and forecast estimates from 2017 to 2027 across five key regions: North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. Each region's intravascular ultrasound devices market is further broken down by country and segment. The report encompasses an analysis and forecast for 18 countries globally, along with current trends and opportunities in each region.
The report evaluates the factors influencing the intravascular ultrasound devices market from both demand and supply perspectives. It also examines the market dynamics that will impact the market throughout the forecast period, including drivers, restraints, opportunities, and emerging trends. Additionally, a comprehensive PEST analysis is provided for all five regions: North America, Europe, APAC, MEA, and South & Central America, analyzing the political, economic, social, and technological factors that affect the intravascular ultrasound devices market in these areas.
MARKET PLAYERS
The report highlights significant developments in the intravascular ultrasound devices market through both organic and inorganic growth strategies. Numerous companies are focusing on organic growth tactics such as launching new products, obtaining product approvals, securing patents, and participating in industry events. Inorganic growth strategies observed in the market include mergers, acquisitions, partnerships, and collaborations. These strategies have enabled market participants to broaden their operations and expand their customer bases. With the increasing global demand for intravascular ultrasound devices, companies in this sector are expected to experience promising growth opportunities in the future. Notable companies operating in the intravascular ultrasound devices market include:
- Avinger Inc.
- Boston Scientific Corporation
- eV3 Endovascular, Inc. (Covedien)
- GE Healthcare
- InfraReDx Inc.
- Philips Healthcare
- Siemens Healthcare
- Silicon Valley Medical Instruments Inc.
- Terumo Corporation
- Volcano Corporation