Report Ocean recently published a new research report on the Intravascular Ultrasound Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the Intravascular Ultrasound Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
Global Intravascular Ultrasound Market is valued at approximately USD 734.44 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.1% over the forecast period 2022-2029.
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Intravascular ultrasound is also known as intravascular echocardiography is a medical imaging methodology. A miniature ultrasound probe is fitted to the distal end of this unique ultrasound catheter. A computerized ultrasound machine is connected to the catheter’s proximal end. The rising inclination towards minimally invasive surgical procedures, favorable reimbursement policies for coronary intervention procedures, and increasing expenditure on the development of healthcare infrastructure are primary factors that are contributing to the market growth across the globe.
The rise in the incidence of cardiovascular diseases (CVDs) is propelling the demand for effective diagnostic cardiovascular imaging techniques due to its high impact-rendering factors resulting in greater adoption of intravascular ultrasound (IVUS) devices. According to the World Health Organization (WHO) report 2021, there were approximately 17.9 million deaths responsible for cardiovascular diseases in 2019, which shows nearly 32% of all deaths globally. Thereby, the growing prevalence of the cardiovascular disease among population is witnessing a high demand for intravascular ultrasound, which soar the market growth across the globe. Moreover, the rising launch of new product lines in the market, as well as the growing focus on enhancing the image output quality are presenting various lucrative opportunities over the forecasting years. However, minimal use of IVUS catheters in developing countries and imposition of stringent regulatory policies related to product approval are hampering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Intravascular Ultrasound Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing adoption of ultrasound technology in primary care settings, increasing healthcare spending, and availability of reimbursement policies. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing prevalence of chronic conditions, rising technological innovations, and economic development in the market space.
Major market players included in this report are:
- Canon Medical Systems Corp.
- Boston Scientific Corp.
- GE Healthcare
- Philips
- Siemens Healthcare
- Hitachi
- Mindray Medical International Ltd.
- Fujifilm Corp.
- Samsung Medison
- Chison Medical Technologies
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Modality:
Virtual Histology IVUS
iMap IVUS
Integrated Backscatter IVUS
By Product:
Consoles
Accessories
Catheters
Guidewires
Others
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By End-use:
Hospital
Diagnostic Imaging Centers
Academic and Research Institutes
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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This report answers the following key questions:
- How big is the market as a whole in 2021? What rate of market expansion is anticipated between 2022 to 2030?
- Which region would experience a high demand for goods in the years to come?
- What are the variables promoting the market’s expansion?
- Which sub-market will have the most impact on the market?
- What market opportunities exist for established and new players?
- What different short-term and long-term tactics have the market players adopted?
With regard to the COVID-19 Outbreak Impact Analysis:
- In light of COVID-19, the report examined market trends.
- On the basis of the upstream and downstream markets, the study examined COVID-19’s effects on the manufacturing industry’s supply chain.
- We examine how COVID-19 has affected diverse regions and significant nations.
- It is noted how COVID-19 will affect the industry’s future growth.
Examined in the study are:
- Market behavior, risk, and opportunity levels
- An assessment of end-industry behavior and opportunity
- An anticipated timeline for industry recovery.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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