Global Intravascular Ultrasound (IVUS) Market by Product (Consoles, Accessories), by End Use (Diagnostic Centers, Hospitals) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2017, the global intravascular ultrasound market was worth USD 298.9 millions. The forecast period will see a 6.1% CAGR. Market growth is expected to be boosted by an increase in R&D and a rise in the prevalence of chronic diseases.

The rising demand for high-quality diagnostic cardiovascular imaging techniques is due to the rise in the incidences of heart disease and coronary artery disease. This has led to a greater acceptance of intravascular ultrasound (IVUS).

Market leaders are moving towards integrating digital platforms with ultrasound equipment. This integration will bring high-resolution imaging devices to the market and increase its value over the forecast period.

The quality of images can be improved to increase diagnostic accuracy early in the development of diseases. This is an important step towards curing many life-threatening diseases, such as cardiovascular problems. In developing countries like India and China, governments are focusing more on affordable medical imaging solutions. They have also begun to adapt various imaging technologies such as telemedicine.

Modality Insights

The market can be divided by modality into integrated backscatter IVUS, virtual histology IVUS and iMap. The segment iMap is expected to see the fastest CAGR at 7.9% during the forecast period. iMap modality uses frequency spectrum as well as histology derived databases for tissue characterization. It requires more calculations than virtual histology, and so provides a better classification for plaque.

Impact of COVID19: Nearly 40% of Covid patients who have been discharged from rehabilitation develop cardiovascular conditions. This is driving up the demand

The traditional intravascular ultrasound method, virtual histology IVUS, is used for intravascular ultrasound. This segment accounted for the largest market share in 2017 with a forecast of continued dominance. This technique is most well-known for its ability to characterize tissues.

Product Insights

The intravascular ultrasound market can be divided into two segments based on product: accessories and consoles. Accessories can be further divided into guidewires and catheters. Because they are an integral part of an IVUS test, catheters have the highest market share. This segment is expected to expand at a rapid pace during the forecast period. Guidewires enable real-time monitoring of organ movement. They are used for medical procedures like angiograms, cardiac surgery, and the placement of stents.

End-use Insights

The market can be divided into three segments based on its end use: hospitals, diagnostic centers and mobile imaging centres. Due to their large footfall, hospitals held the largest market share. Because of the potential for significant outpatient profits, hospitals that are medium-sized to large install medical imaging equipment on their premises.

Large hospitals often have their own medical imaging centers. Medical imaging facilities are expensive and require space, skilled workers, and high maintenance costs. Hospitals are now faced with a greater financial burden when managing these facilities. Hospitals prefer to partner with diagnostic centers that offer medical imaging services. This helps hospitals of all sizes to save money.

Regional Insights

The market can be divided geographically into Europe, North America and Asia Pacific, Middle East, Africa and Latin America. In 2017, North America was the dominant market in terms revenue. This is due to its high adoption of advanced technology and better health coverage. It also has a high prevalence of coronary heart disease. The fastest CAGR is expected in Asia Pacific over the forecast period, due to the increase in the patient pool and the increasing disposable income.

According to UN statistics, around 17.7 million people worldwide die annually from cardiovascular disease. Around 7.4 million people died from coronary artery disease in 2015. The IVUS can detect coronary artery disease in patients. This is expected to increase the demand for these ultrasound machines.

Intravascular Ultrasound Insights

Philips, Hitachi, Boston Scientific Corporation, Fujifilm Medical Systems, Siemens Healthcare, and Canon Medical are some of the major players in this market. These players are known for their strategic initiatives, including regional and service portfolio expansions as well as mergers and acquisitions. Hitachi, for example, acquired Kurt and Kurt in December 2016 as a provider of medical diagnostic systems to expand its business in Turkey.

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2014 to 2025. Grand View Research has divided the global intravascular ultrasound market report by modality, product type, end use and region.

• Modality Outlook (Revenue USD Million, 2014-2025)

  • Virtual Histology IVUS

  • iMap IVUS

  • Integrated Backscatter IVUS

• Product Outlook (Revenue USD Million, 2014-2025)

  • Consoles

  • Accessory

    • Catheters

    • Guidewires

    • Other

• End-use Outlook (Revenue USD Million, 2014-2025)

  • Hospital

  • Diagnostic Centers

  • Research and Academic Institutes

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa (MEA).

    • South Africa

    • Saudi Arabia

These are the most frequently asked questions about this report

b. Global intravascular ultrasound market size was USD 2.26 billion in 2019, and is forecast to grow to USD 2.42 billion by 2020.

b. Global intravascular ultrasound market will grow at 7.6% compound annual growth rate between 2019 and 2025, to reach USD 3.53 Billion by 2025.

b. With a market share of 61.1%, virtual histology IVUS was the dominant intravascular ultrasound product in 2019, Its advantages in tissue characterization are the reason for this dominance.

b. b. Philips, Hitachi, Boston Scientific Corporation, Fujifilm Medical Systems, Siemens Healthcare, and Canon Medical are some of the key players in intravascular ultrasound.

b. b.

Up Market Research published a new report titled “Intravascular Ultrasound (IVUS) Market research report which is segmented by Product (Consoles, Accessories), by End Use (Diagnostic Centers, Hospitals), By Players/Companies Philips; GE Healthcare, Inc; Hitachi; Boston Scientific Corporation; Fujifilm Medical Systems; Siemens Healthcare; and Canon Medical”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Intravascular Ultrasound (IVUS) Market Report Segments:

The market is segmented by Product (Consoles, Accessories), by End Use (Diagnostic Centers, Hospitals).

Intravascular Ultrasound (IVUS) Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Intravascular Ultrasound (IVUS) Market

Overview of the regional outlook of the Intravascular Ultrasound (IVUS) Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Intravascular Ultrasound (IVUS) Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Intravascular Ultrasound (IVUS) Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Consoles

                2. Accessories

                1. Diagnostic Centers

                2. Hospitals

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Intravascular Ultrasound (IVUS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Intravascular Ultrasound (IVUS) Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.