The global intravascular ultrasound market size is expected to register a significant CAGR of over 5% during the forecast period from 2022 to 2028. The increasing prevalence of cardiovascular diseases around the world is a primary factor driving the market growth. As per the latest information shared by WHO (World Health Organization), it is estimated that 17.9 million people die due to cardiovascular disease in 2019 and it holds 32% share of global deaths. Furthermore, technological advancement and the growing adoption of minimally invasive surgical procedures are further expected to fuel the market over the forecast period.
Market Drivers:
Increasing Prevalence of Cardiovascular Diseases: The rising prevalence of cardiovascular diseases, such as coronary artery disease, peripheral artery disease, and heart failure, is a significant driving factor for the IVUS market. IVUS provides detailed imaging of blood vessels from inside, aiding in the diagnosis, assessment, and treatment planning for these conditions.
Growing Aging Population: The global population is aging, and older adults are more prone to cardiovascular diseases. As the elderly population increases, there is a greater demand for diagnostic tools like IVUS to assess and manage cardiovascular conditions in this demographic.
Advancements in Imaging Technologies: Technological advancements in imaging technologies have significantly enhanced the capabilities and applications of IVUS. High-resolution imaging, improved image quality, and the ability to visualize vessel structures in real-time have made IVUS a valuable tool for physicians in guiding interventional procedures and optimizing treatment outcomes.
Minimally Invasive Procedures: There is a growing preference for minimally invasive procedures in the field of interventional cardiology. IVUS plays a crucial role in these procedures by providing detailed imaging and guidance for precise placement of stents, evaluation of stent deployment, and assessment of post-procedural outcomes.
Rising Adoption of Image-Guided Interventions: Image-guided interventions have become increasingly popular across various medical specialties. IVUS-guided procedures offer advantages such as improved visualization, accurate measurements, and reduced complications, leading to their wider adoption and driving the IVUS market.
Increasing Focus on Precision Medicine: Precision medicine aims to tailor medical treatments to individual patients based on their specific characteristics, including anatomical and physiological variations. IVUS provides personalized and detailed information about the patient’s vasculature, aiding physicians in delivering precise and targeted interventions.
Favorable Reimbursement Policies: Reimbursement policies and support from healthcare systems play a significant role in the adoption of medical technologies. Favorable reimbursement policies for IVUS procedures and related devices incentivize healthcare providers to invest in IVUS equipment, driving market growth.
Awareness Programs and Education Initiatives: Increased awareness about the benefits of IVUS among healthcare professionals and patients has positively influenced its adoption. Education initiatives, conferences, and training programs that highlight the clinical utility and best practices of IVUS have contributed to its growth in the medical community.
Technological Integration and Integration with Other Modalities: IVUS technology has evolved to integrate with other imaging modalities, such as angiography and optical coherence tomography (OCT). These multimodal imaging approaches provide comprehensive assessments of the vasculature and improve diagnostic accuracy and treatment planning.
Continuous Research and Development: Ongoing research and development efforts to enhance the capabilities and applications of IVUS have played a pivotal role in market growth. Innovations in IVUS hardware, software, catheters, and imaging agents contribute to improved image quality, real-time imaging, and advanced analysis tools.
Market Snapshot:
| Benchmark Year | 2022 | ||
| Market Size | lock | ||
| Market Growth (CAGR) | > 5% (2023-2030) | ||
| Largest Market Share | North America | ||
| Analysis Period | 2020-2030 | ||
| Market Players | Canon Medical Systems Corp., Boston Scientific Corp., GE Healthcare, Philips, and Siemens Healthcare |
Market Insights:
By product type, the accessories segment is expected to dominate the global market by 2028
The global intravascular ultrasound market is bifurcated into product type, modality, application, end-use, and geography. On the basis of product type, the market is further segmented into consoles and accessories. The accessories segment dominated the global market in 2021 and is expected to hold a significant revenue share of around 2/3 market share by the end of the analysis period. The segment includes catheters, guidewires, and others. The increasing adoption of IVUS catheters due to the growing prevalence of coronary heart disease is expected to fuel the segment’s growth over the forecast period. The segment is also accounted to register the fastest growth rate over the forecast period.
By modality, the virtual histology IVUS segment is accounted to hold the largest revenue share in 2021
On the basis of modality, the market is segmented into virtual histology IVUS, iMap IVUS, and integrated backscatter IVUS. The virtual histology IVUS segment dominated the global intravascular ultrasound market in 2021 and is estimated to maintain its dominance over the forecast period. The segment is accounted to hold a significant revenue share of over 60% of the global market in 2021. On the flip side, the iMap IVUS segment is anticipated to register the fastest CAGR over the forecast period.
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The intravascular ultrasound comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The intravascular ultrasound market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2019-20 – Historical Year
- 2021 – Base Year
- 2022-2028 – Forecast Period
Market Segmentation:
By Product Type:
- Consoles
- Accessories
- Catheters
- Guidewires
- Others
By Modality:
- Virtual Histology IVUS
- iMap IVUS
- Integrated Backscatter IVUS
By Application:
- Coronary Diagnosis
- Coronary Intervention
- Coronary Research
- Non-coronary /Peripheral Applications
By End-User:
- Hospitals
- Diagnostic Imaging Centers
- Academic & Research Institutes
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Regional Analysis:
On the basis of region, North America dominated the global intravascular ultrasound market in 2021 and is estimated to maintain its dominance over the forecast period. The increasing adoption of advanced technology and the growing prevalence of cardiovascular disease are some major factors driving the market growth in the region. Furthermore, the increasing expenditure in healthcare facilities and the growing penetration of ultrasound technology in primary care settings are further expected to fuel the market in North America. On the flip side, the Asia Pacific is accounted to register the highest CAGR over the forecast period.
Geographically, the intravascular ultrasound market report comprises dedicated sections centering on the regional market revenue and trends. The intravascular ultrasound market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The intravascular ultrasound market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Intravascular ultrasound market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2022 – 2028.
Competitive Assessment:
Some of the major market players operating in the global intravascular ultrasound market are Canon Medical Systems Corp., Boston Scientific Corp., GE Healthcare, Philips, and Siemens Healthcare. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- Canon Medical Systems Corp.
- Boston Scientific Corp.
- GE Healthcare
- Philips
- Siemens Healthcare
- Hitachi
- Mindray Medical International Ltd.
- Fujifilm Corp.
- Samsung Medison
- Chison Medical Technologies
Key Questions Answered by Intravascular Ultrasound Market Report
- Global intravascular ultrasound market forecasts from 2022-2028
- Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
- Intravascular ultrasound submarket forecasts from 2022-2028 covering the market by product type, by modality, by application, by end-user, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level intravascular ultrasound markets from 2022-2028
- Competitive Landscape and market positioning of the top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Intravascular Ultrasound Market Portraiture
2.2. Global Intravascular Ultrasound Market, by Product Type, 2021 (USD Mn)
2.3. Global Intravascular Ultrasound Market, by Modality, 2021 (USD Mn)
2.4. Global Intravascular Ultrasound Market, by Application, 2021 (USD Mn)
2.5. Global Intravascular Ultrasound Market, by End-Use, 2021 (USD Mn)
2.6. Global Intravascular Ultrasound Market, by Geography, 2021 (USD Mn)
3. Global Intravascular Ultrasound Market Analysis
3.1. Intravascular Ultrasound Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Intravascular Ultrasound Market By Product Type, 2019 – 2028 (USD Mn)
4.1. Overview
4.2. Consoles
4.3. Accessories
4.3.1. Catheters
4.3.2. Guidewires
4.3.3. Others
5. Global Intravascular Ultrasound Market By Modality, 2019 – 2028 (USD Mn)
5.1. Overview
5.2. Virtual Histology IVUS
5.3. iMap IVUS
5.4. Integrated Backscatter IVUS
6. Global Intravascular Ultrasound Market By Application, 2019 – 2028 (USD Mn)
6.1. Overview
6.2. Coronary Diagnosis
6.3. Coronary Intervention
6.4. Coronary Research
6.5. Non-coronary /Peripheral Applications
7. Global Intravascular Ultrasound Market By End-Use, 2019 – 2028 (USD Mn)
7.1. Overview
7.2. Hospitals
7.3. Diagnostic Imaging Centers
7.4. Academic & Research Institutes
8. North America Intravascular Ultrasound Market Analysis and Forecast, 2019 – 2028 (USD Mn)
8.1. Overview
8.2. North America Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
8.3. North America Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
8.4. North America Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
8.5. North America Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
8.6. North America Intravascular Ultrasound Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
8.6.1.2. U.S. Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
8.6.1.3. U.S. Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
8.6.1.4. U.S. Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
8.6.2.2. Canada Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
8.6.2.3. Canada Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
8.6.2.4. Canada Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
9. Europe Intravascular Ultrasound Market Analysis and Forecast, 2019 – 2028 (USD Mn)
9.1. Overview
9.2. Europe Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
9.3. Europe Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
9.4. Europe Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
9.5. Europe Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
9.6. Europe Intravascular Ultrasound Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
9.6.1.2. Germany Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
9.6.1.3. Germany Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
9.6.1.4. Germany Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
9.6.2.2. U.K. Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
9.6.2.3. U.K. Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
9.6.2.4. U.K. Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
9.6.3.2. France Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
9.6.3.3. France Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
9.6.3.4. France Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
9.6.4. Italy
9.6.4.1. Italy Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
9.6.4.2. Italy Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
9.6.4.3. Italy Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
9.6.4.4. Italy Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
9.6.5. Rest of Europe
9.6.5.1. Rest of Europe Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
9.6.5.2. Rest of Europe Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
9.6.5.3. Rest of Europe Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
9.6.5.4. Rest of Europe Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
10. Asia Pacific Intravascular Ultrasound Market Analysis and Forecast, 2019 – 2028 (USD Mn)
10.1. Overview
10.2. Asia Pacific Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
10.3. Asia Pacific Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
10.4. Asia Pacific Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
10.5. Asia Pacific Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
10.6. Asia Pacific Intravascular Ultrasound Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
10.6.1.2. China Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
10.6.1.3. China Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
10.6.1.4. China Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
10.6.2.2. Japan Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
10.6.2.3. Japan Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
10.6.2.4. Japan Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
10.6.3.2. India Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
10.6.3.3. India Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
10.6.3.4. India Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
11. Latin America (LATAM) Intravascular Ultrasound Market Analysis and Forecast, 2019 – 2028 (USD Mn)
11.1. Overview
11.2. Latin America Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
11.3. Latin America Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
11.4. Latin America Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
11.5. Latin America Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
11.6. Latin America Intravascular Ultrasound Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
11.6.1.2. Brazil Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
11.6.1.3. Brazil Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
11.6.1.4. Brazil Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
11.6.2.2. Mexico Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
11.6.2.3. Mexico Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
11.6.2.4. Mexico Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
12. Middle East and Africa Intravascular Ultrasound Market Analysis and Forecast, 2019 – 2028 (USD Mn)
12.1. Overview
12.2. MEA Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
12.3. MEA Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
12.4. MEA Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
12.5. MEA Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
12.6. Middle East and Africa Intravascular Ultrasound Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
12.6.1.2. GCC Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
12.6.1.3. GCC Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
12.6.1.4. GCC Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
12.6.2.2. South Africa Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
12.6.2.3. South Africa Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
12.6.2.4. South Africa Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Intravascular Ultrasound Market by Product Type, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Intravascular Ultrasound Market by Modality, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Intravascular Ultrasound Market by Application, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Intravascular Ultrasound Market by End-Use, (2019-2028 USD Mn)
13. Company Profiles
13.1. Canon Medical Systems Corp.
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Boston Scientific Corp.
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. GE Healthcare
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Philips
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Siemens Healthcare
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Hitachi
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Mindray Medical International Ltd.
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Fujifilm Corp.
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Samsung Medison
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Chison Medical Technologies
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
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