The Intravascular ultrasound devices market is expected to grow from US$ 608.97 million in 2021 to US$ 1,012.37 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028.
IVUS is a type of imaging technique that utilizes a specialized catheter with a miniature ultrasound probe at its end which is attached to computerized ultrasound equipment. This method allows for the use of ultrasonic technology to view the interior of the blood vessels through the surrounding blood column, with the heart's arteries often being the most common target for imaging.
MARKET DYNAMICS
The intravascular ultrasound devices market is expected to expand over the forecast period due to technological advancements. However, the high cost of diagnostic devices and varying reimbursement policies are hindering market growth. Furthermore, the rising prevalence of cardiovascular diseases, the growing number of obese people, and the aging population are all driving the market growth during the forecast period.
MARKET SCOPE
The "Analysis of the Intravascular Ultrasound Devices Market up to 2027" is a comprehensive and focused investigation of the healthcare sector, specifically highlighting the worldwide market trend analysis. The objective of the report is to present a synopsis of the market, including an intricate market segmentation by product, application, and geography. Anticipated growth in the market is expected during the projected period. The report furnishes essential statistics regarding the current status of top players in the intravascular ultrasound devices market, as well as highlighting key trends and opportunities within the market.
MARKET SEGMENTATION
The market for intravascular ultrasound devices is divided into product and application segments. The product segment comprises of IVUS consoles, IVUS catheters, and IVUS accessories, including pullback devices, guidewires, and others. The application segment is classified into the IVUS coronary diagnostic market, IVUS coronary intervention market, IVUS coronary research market, and IVUS non-coronary/peripheral applications market.
REGIONAL FRAMEWORK
The report offers an extensive overview of the intravascular ultrasound devices market, providing both qualitative and quantitative information. It presents a comprehensive forecast and overview of the intravascular ultrasound devices industry, segmented by various factors. Additionally, it delivers market size and forecast estimates from 2017 to 2027 for five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The intravascular ultrasound devices market in each region is further subdivided by countries and segments. The report encompasses an analysis and forecast of 18 countries worldwide, along with the current trends and opportunities prevailing in each region.
The report assesses the factors that impact the intravascular ultrasound devices market from both the demand and supply sides. Additionally, it evaluates the market dynamics that affect the market during the projected period, including drivers, restraints, opportunities, and future trends. The report also offers a comprehensive PEST analysis for all five regions: North America, Europe, APAC, MEA, and South & Central America, after analyzing the political, economic, social, and technological factors that influence the intravascular ultrasound devices market in each of these regions.
MARKET PLAYERS
The report details significant advancements in the intravascular ultrasound devices market via both organic and inorganic growth strategies. Many companies are emphasizing organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategies observed in the market include acquisitions, partnerships, and collaborations. These initiatives have enabled market players to expand their businesses and customer bases. With the surging global demand for intravascular ultrasound devices, market players in this industry are projected to have profitable growth prospects in the future. The following are a few companies operating in the intravascular ultrasound devices market:
- 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