Global Vascular Imaging Market by Type (Non-Invasive, Invasive), by End-Use (Hospitals, Diagnostic imaging centers), by Application (Diagnostic, Therapeutic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global vascular imaging market was worth USD 17.5 billion in 2018. It is expected to grow at a 4.2% CAGR by 2026. Rising prevalence of hypertension, hypercholesterolemia, and diabetes is the major factor expected to contribute towards the market growth over the forecast period. These conditions can increase the risk for vascular disorders like aneurysms and carotid blockage as well as deep vein thrombosis and atherosclerosis. This is where the majority of vascular imaging devices are most useful.

The factors that are expected to have a positive impact on the demand for vascular imaging procedures in both developed and developing countries include a growing awareness of early diagnosis and intervention to reduce mortality or morbidity, as well as rising adoption of preventive healthcare methods. The market is expected to grow due to technological advances that aim to make diagnosis safer and more efficient with minimal turnaround times. Advanced CT scanners that combine sensitive detectors and dual sources can scan efficiently and quickly at low radiation exposure. This improves patient satisfaction.

The market is expected to grow due to increased use of vascular imaging modalities for trauma cases, as well as pre, post and intraoperative procedures. Pre-operative coronary imaging can be used to determine if stenting is necessary, while post-operative images can provide information on the effectiveness of cardiac grafts and stenting.

The forecast period will see an increase in noninvasive diagnostic imaging techniques, a rising tendency towards minimally invasive procedures, and the establishment efficient clinical guidelines. The National Institute for Health and Care Excellence's clinical guidelines recommend CT coronary angiography to be used as a first-line procedure for patients with stable chest pain.

Type Insights

The market for vascular imaging can be divided into two types based on its type: minimally invasive or non-invasive. The minimally invasive segment is divided into intravascular ultrasound, catheter angiogram and computed tomography-angiography (CTA), lymphoscintigraphy and venogram. Non-invasive segments are classified as abdominal ultrasound, angiography (ABI), ankle-brachial scan (CTA), captopril kidney scan, carotid Duplex ultrasound (CT scan), Doppler ultrasound (duplex ultrasound), MRA (magnetic radiation angiography) or MRI (magnetic imaging).

The market share for non-invasive imaging was the largest in 2018, and it is expected to continue growing at a healthy pace over the forecast period. The market is expected to grow due to its safety and patient convenience. It takes minimally invasive vascular imaging several hours to recover the catheter insertion site, while patients who have undergone a coronary CT can return to their normal activities immediately.

The adoption of advanced vascular imaging techniques will increase if specificity, sensitivity and imaging standards are improved. A clinical study published in NCBI found that CT coronary angiography was more sensitive than conventional invasive angiography and had a higher specificity and sensitivity (80.0% and 67.0%, respectively) in diagnosing Coronary Heart Diseases.

End-use Insights

The vascular imaging market can be divided into two segments based on end-use: hospitals and diagnostics imaging centers. The largest market share was held by hospitals in 2018, and they are expected to continue growing at a rapid pace over the forecast period. This segment's growth is largely due to factors like a large patient pool, the availability of funds to purchase advanced equipment, and high competition among healthcare service provider providers.

A rising number of hospital emergency admissions for conditions like stroke, chest pain and abdominal discomfort will likely increase the demand for vascular imaging techniques in emergency departments. According to NCBI, acute chest pain accounts for over 700,000 emergency department admissions each year in England and Wales. This is approximately one-fourth the number of emergency admissions. To avoid complications, this condition must be diagnosed quickly and accurately. Their use in emergency departments, including ambulatory care centers, will be expanded by the introduction of faster and handheld imaging equipment.

The growth of diagnostic imaging centers is also anticipated to be significant over the forecast period. Growth is expected to be driven by the low cost of CT/ MRI scans and the existence of diagnostics accreditation boards.

Application Insights

The market can be divided into therapeutic and diagnostic segments based on its application. 2018 saw the highest share for diagnostics. The segment's growth is due to the introduction of advanced imaging technologies that reduce turnaround times and the development of more effective diagnostic modalities.

The development of targeted therapies that are more effective, adapting preventive measures and the introduction early diagnostic methods that aid in increasing treatment success during the early stages of disease are some of the factors expected to hinder the growth of this therapeutic segment. The introduction of advanced technology, such as vascular robotics and the centrally inserted peripheral venous catheter, is expected to eliminate complications related to repeat procedures and blood vessel breakage.

Regional Insights

In 2018, North America accounted for the largest market share in vascular imaging. This region is expected to grow due to the presence of major players and streamlined reimbursement policies. The rising incidence of strokes and the prevalence of cardiovascular diseases are also factors. AHA 2019 stroke and heart disease statistics show that an average of 40 seconds per American will suffer from a stroke. In addition, approximately 795,000 Americans are affected by recurrent or new strokes each year.

Europe was the second largest market for vascular imaging in 2019, accounting for a quarter of all global sales. The growth is expected to be fueled by rising rates of obesity, diabetes, and other cardiovascular diseases. This is due in part to increasing behavioral risk factors like smoking, alcohol consumption and unhealthy lifestyles. Most of the MRI and vascular CT units in the region are older than 10 years. The market dynamics for the region will be boosted by the replacement of older equipment with more advanced models during the forecast period.

Asia Pacific is expected to grow at the fastest rate of CAGR during the forecast period. The region's growth is driven by several factors: large patient pools, increasing presence of international healthcare service providers, and rising government support. Japan, India and China are the major markets in this region. South Korea is also a key market.

Vascular Imaging Market Share insights

There are many players in this market, including Siemens Healthineers and GE Healthcare. These companies are focused on growth strategies such as product launches, innovation in existing technologies and devices and mergers and acquisitions. Partnerships, geographic expansion and more are some of the options. Recent acquisitions by Siemens Healthineers of Corindus Vascular Robotics were completed. This acquisition will allow Siemens Healthineers to increase its offering in interventional vascular imaging.

GE Healthcare, a major player in the industry, has developed Revolution Apex, a modernized ultrapremium CT scanner. The system offers enhanced visual coverage, spectral image options, spatial resolution and temporal resolution all in one. Quantix 160 Tube is integrated into the system. This tube offers next-level performance and excellent picture quality for both current and future patients. Revolution Apex has been proven to be beneficial for patients with high heart rates, impaired renal function, high body weight, and other conditions.

Scope of the Report

The report covers segments

This report predicts revenue growth at the global, regional and country levels. It also analyzes the industry trends for each sub-segment from 2015 to 2026. Grand View Research has divided the global vascular imaging market by type, region, end-use, and application.

• Type Outlook (Revenue in USD million, 2015-2026)

  • Minimally Invasive

    • Catheter angiogram

    • CTA

    • Lymphoscintigraphy

    • Venogram

    • Intravascular ultrasound

  • Non-invasive

    • Ultrasound abdominally

    • Angiography

    • Ankle-brachial Index (ABI).

    • Renal scan with Captopril

    • Carotid duplex ultrasound

    • CT scan

    • Doppler ultrasound

    • Duplex ultrasound

    • MRA (magnetic resonance angiography)

    • MRI (magnetic radiation imaging)

• Application Outlook (Revenues, SD Million, 2015-2026)

  • Diagnostic

  • Therapeutic

• End-use Outlook (Revenue USD Million; 2015-2026)

  • Hospitals

  • Diagnostic Imaging Centers

  • Other

• Regional Outlook (Revenue USD Million, 2015-2026)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

Up Market Research published a new report titled “Vascular Imaging Market research report which is segmented by Type (Non-Invasive, Invasive), by End-Use (Hospitals, Diagnostic imaging centers), by Application (Diagnostic, Therapeutic), By Players/Companies  and Carestream Health Inc These players are focusing on adopting growth strategies, GE Healthcare, Siemens Healthineers completed the acquisition of Corindus Vascular Robotics This is expected to expand its portfolio of interventional vascular imaging, innovations in the existing technologies and devices, Abbott Laboratories, geographical expansion, Koninklijke Philips NV Hitachi Medical Corporation, mergers and acquisitions, such as new product launches, Siemens Healthineers, partnerships, Samsung Medison, more Recently, Hologic Inc, Shimadzu Medical Systems”. 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 Vascular Imaging Market Report Segments:

The market is segmented by Type (Non-Invasive, Invasive), by End-Use (Hospitals, Diagnostic imaging centers), by Application (Diagnostic, Therapeutic).

Vascular Imaging 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 Vascular Imaging Market

Overview of the regional outlook of the Vascular Imaging 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 Vascular Imaging Market Report:

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

                1. Non-Invasive

                2. Invasive

                1. Hospitals

                2. Diagnostic imaging centers

                1. Diagnostic

                2. Therapeutic

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

We have studied the Vascular Imaging 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 Vascular Imaging 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.