The global Intravascular Ultrasound Market size is estimated to reach USD 1147.1 million in 2030 and is projected to grow at a CAGR of 5.2% from 2024 to 2030. The
rising prevalence of cardiovascular disorders coupled with the increasing
demand for effective diagnostic techniques is the key factor driving the
market. Moreover, consistent technological advancements are further expected to
boost market growth during the forecast period. Intravascular ultrasound (IVUS)
is an effective intravascular imaging modality as this technology overcomes
numerous disadvantages of angiography, which utilizes X-ray technology to
create images.
Furthermore, the
growing demand for advanced and accurate medical imaging is resulting in the
rapid development of Artificial
Intelligence (AI). For
instance, in March 2021, GE Healthcare announced a portable Point-of-Care
Ultrasound Device (POCUS) called Venue Fit, in addition to an industry-first AI
tool for cardiac imaging. Favorable reimbursement policies for coronary
intervention procedures in developed countries are further anticipated to boost
industry growth over the forecast period. The Centers for Medicare &
Medicaid Services (CMS) offers favorable healthcare insurance policies for
various cardiovascular procedures.
This may increase
the number of patients opting for such services. Some of the prominent
companies in the industry are undertaking different initiatives, such as
funding and acquisitions of medium- and small-sized businesses to expand their
product portfolios and enhance their manufacturing capacities. For instance, in
August 2020, Philips launched Affiniti CVx a cardiovascular ultrasound system.
The solution is designed to help cardiology departments provide better care to
more patients with enhanced efficiency and throughput.
List of Key
Players in Intravascular Ultrasound Market
- Canon Medical Systems Corp.
- Boston Scientific Corp.
- GE Healthcare
- Philips
- Siemens Healthcare
- Hitachi
- Mindray Medical International Ltd.
- Fujifilm Corp.
- Samsung Medison
- Chison Medical Technologies
Related Press Release@ Intravascular Ultrasound Market Report
Intravascular Ultrasound
Market Report Highlights
- Based on modality, the virtual histology IVUS
segment accounted for the largest revenue share in 2022 owing to its wide
range of applications and advantages in cardiology
- Based on products, the accessories segment held the
largest revenue share in 2022. The segment is sub-categorized into
catheters, guidewires, and others
- The diagnostic centers end-use segment is
anticipated to register the fastest growth rate during the forecast period
- This growth can be attributed to the increasing
number of establishments of standalone diagnostic centers
- Asia Pacific is expected to register the fastest
growth rate from 2023 to 2030 on account of the presence of the target
patient population, increasing healthcare awareness, and rising government
funding for R&D & upcoming research projects
Intravascular Ultrasound Market
Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD 846.4
million |
|
Revenue
forecast in 2030 |
USD
1147.1 million |
|
Growth
rate |
CAGR of
5.2% from 2024 to 2030 |
|
Actual
data |
2018 -
2023 |
|
Forecast period |
2024 - 2030 |
Intravascular
Ultrasound Market Segmentation
Grand View
Research has segmented the global intravascular ultrasound market report on the
basis of modality, product, end use, and region
Intravascular
Ultrasound Modality Outlook (Revenue, USD Million, 2018 - 2030)
- Virtual Histology IVUS
- iMAP IVUS
- Integrated Backscatter IVUS
Intravascular
Ultrasound Product Outlook (Revenue, USD Million, 2018 - 2030)
- Consoles
- Accessories
- Catheters
- Guidewires
- Others
Intravascular
Ultrasound End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Diagnostic Imaging Centers
- Academic And Research Institutes
Intravascular
Ultrasound Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Norway
- Denmark
- Sweden
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Thailand
- Latin America
- Brazil
- Argentina
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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