Market Overview

The global intravascular ultrasound market size was estimated at USD 809.2 Million in 2023 and is projected to grow at a CAGR of 5.3% from 2024 to 2032.

Global IVUS Market is growing with a good pace as this technique holds a vital place in diagnosis and treatment of cardiovascular diseases. IVUS is a technique of medical imaging that provides cross-sectional images of the blood vessels with the use of sound waves, allowing for the examination of artery conditions, thus helping to diagnose problems such as coronary artery disease. IVUS allows clinicians to assess the structure of the vessel wall, measure plaque burden, and determine the extent of blockages, which are all important for planning and optimizing interventional procedures such as angioplasty and stent placement.

One of the major reasons fuelling the growth of the IVUS market is the increasing number of cardiovascular diseases being reported all around the world. The fact that more people are now more aged, sedentary, and have increasing incidents of diabetes and hypertension results in more cardiovascular-related disease burdens and therefore an increased need for more sophisticated diagnostic equipment, which is IVUS. Further advances in IVUS technology, including better resolution imaging, smaller catheter sizes, and integration with other imaging modalities like OCT, have increased its clinical applications and effectiveness and are further driving the market growth.

The growing adoption of minimally invasive procedures further benefits the IVUS market. There is a significant trend for patients and providers to shift towards less invasive procedures that provide minimal recovery times, decreased complications, and improved patient outcomes. In this regard, IVUS-guided interventions have emerged as more popular because it offers improved visualization of the coronary arteries and thus more precise stent placements with long-term improvements.

Although the technology is increasingly used, there are still challenges facing the IVUS market. The main problem with access to IVUS systems and procedures will remain in costs, although continuous technological innovations and investments in healthcare infrastructure are likely to reduce such problems. On the whole, the intravascular ultrasound market, as well as its worldwide growth, is likely to continue with the improvement in managing cardiovascular diseases and ensuring better patient care and outcomes.

Market Dynamics - Market Drivers

Rising Prevalence of Cardiovascular Diseases

• Cardiovascular diseases are among the principal factors driving the intravascular ultrasound (IVUS) market at a global level. An increasingly aging population, unhealthy diet, sedentary lifestyles, and growing obesity rate contribute to the increased incidence of conditions such as coronary artery disease. The world continues to report more instances of death from CVDs and hence, people continue looking forward to advanced tools that include high-resolution diagnostic measures like IVUS, used in depicting inferences and findings about artery blockage and plaque burden. And so, such increasing disease prevalence directly fosters demands for accurate detection mechanisms toward disease management and further treatment processes.

Advancements in Imaging Technology

• Invasive intravascular ultrasonography IVUS systems are another influential variable due to their continuous evolution of technological sophistication. The diagnostic IVUS imaging resolutions and other miniaturization of the catheters, as well as its integration with supplementing modalities such as OCT (optical coherence tomography), have improved these developments. The technology upgrades provide assistance in the applicability of vascular diseases for more precise diagnosis and therapies and increased the dependability of IVUS-guided therapies which eventually leads to better results from these treatments and propels the market.

Market Opportunities

Growing Demand for Minimally Invasive Procedures

• There's a trend toward less invasive procedures due to reduced recovery time, reduction of complications, and better patient outcomes across the healthcare sector. Of all these interventions, IVUS is most significant in supporting coronary artery interventions. With less invasive treatments increasingly becoming preferences for patients and providers of care, there is strong potential for IVUS expansions, especially in interventional cardiology.

Expansion into Emerging Markets

• The Asia-Pacific and Latin America regions are booming markets for IVUS. Rapid urbanization, growing expenditure on health, and development in medical infrastructure in these regions is contributing to better access to advanced diagnosis tools. Also, an increasing prevalence of cardiovascular diseases in these regions increases the demand for cost-effective and efficient diagnostic technologies such as IVUS, giving a right environment for growth.

Market Restraining Factors

High Cost of IVUS Systems and Procedures

• The high cost of the processes and equipment is one of the major factors that limit the IVUS market. Because IVUS systems are expensive and technologically advanced, many healthcare professionals cannot afford them, especially in resource-poor environments. Additionally, IVUS-guided therapies are costly, and this raises the overall cost burden and limits their use, especially in developing nations.

Limited Awareness and Availability in Low-income Regions

• Lack of knowledge and availability of IVUS technology in low- and middle-income countries is another hindrance. IVUS is still used primarily in developed regions with high-tech health care systems, although it has many clinical benefits. Market penetration and growth are hindered in many regions of the world due to the fact that patients and healthcare professionals are either unaware of the technology or cannot access it because of infrastructural constraints.

Segmentation Analysis

The market scope is segmented because of by Modality, by Product, by End Use.

By Modality

Based on the Modality of the market is segmented into Virtual Histology IVUS, iMAP IVUS, Integrated Backscatter IVUS.

The virtual histology IVUS category maintained the highest share in the year 2023 at 60.8%. This strategy offers complete tissue characterization with plaque composition analysis by pairing the latest state-of-art software technology with conventional IVUS imaging. Since virtual histopathology IVUS accurately identifies the various manifestations of plaque, this improves the diagnostic exactness and directs specific intervention therapy. It is due to the fact that more expansive diagnosis tools for cardiologists are being used and is therefore driving the remarkable innovation and expansion of the IVUS market.

During the projection period, the iMAP IVUS segment is expected to grow at the fastest CAGR. IMAP IVUS is a device known for its advanced imaging capabilities that enhance the planning of treatment and accuracy of diagnosis, providing high-resolution, three-dimensional images of blood arteries. With this modality, vessel shape and plaque characterization can be fully assessed, thus leading to more accurate therapies. The increasing demand for overall vascular imaging and minimally invasive operations is driving the introduction of iMAP technology. In addition, the iMAP IVUS category is growing as a result of continuous technical developments and expanding clinical applications, which are contributing to the market's notable rise.

By Product

Based on the Product of the market is segmented into Consoles, Accessories, Catheters, Guide wires, others.

The accessories component will have the fastest compound annual growth rate. Accessories have already contributed to the largest share of sales in 2023, at 62.1%. Growing demand for enhanced imaging and procedural efficiency is a growth driver in this segment. The component comprises advanced imaging probes, protective sheaths, and catheter guides that are designed specifically to optimize the performance of IVUS systems. The IVUS procedures become safer, more precise, and easier for users with the enhanced manoeuvrability that reduces procedure time and high-quality imaging. During EuroPCR 2023, which took place in May 2023, Philips showcased its most recent innovations in cardiology designed to address improvements to ensure confidence in clinician's performance in the treatment of heart disease. These include state-of-the-art innovations like IVUS catheters and Pressure Guide Wire-OmnWire. As acceptance and clinical applications of IVUS technology keep growing, the accessory industry benefits from the vast demand for holistic vascular diagnostic solutions, as well as continued innovation..

The control centre market is extending quickly because of new turns of events and enhancements in innovation. High level imaging programming, high-goal screens, and expanded handling power are currently typical in IVUS consoles, significantly upgrading both the client experience and symptomatic exactness. These control centres give mechanized investigation, 3D recreation, and continuous imaging, which speeds up cardiovascular medicines and works on generally restorative viability. The capacities of control centre are continuously being further developed by progressing innovation headways, which is driving their developing portion of the overall industry.

By Regional Snapshots

By region, Insights into the markets in North America, Europe, Asia-Pacific, Latin America and MEA are provided by the study. North America captured the highest share in the intravascular ultrasound market in 2023 with 44.9% in terms of revenue. The percentage is high because of technological advances, a well-established healthcare system, and an increase in the incidence of cardiovascular diseases. The market is led by major companies such as Abbott, Boston Scientific, and Philips due to their latest IVUS systems and related technology. The industry benefits from a high adoption rate of new technologies in diagnostic tools and also focuses on minimally invasive procedures. Strategic alliances by the big corporations, along with continuous R&D by the companies, drive market expansion by improving diagnosis capabilities and patient outcomes across North America.

List of Companies Profiled

• 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 Industry Developments

• In April 2024, Provisio Medical declared that the FDA had approved the Provisio IVUS System. By providing automatic, real-time, accurate numerical measurements of blood artery lumens, the Sonic Lumen Tomography technology simplifies the procedure without needing intricate picture interpretation, meeting a vital demand for vascular professionals.
• In May 2024, In order to treat venous thromboembolism, SonoVascular and Lantheus Holdings, Inc. formed a strategic alliance to include microbubbles into the SonoThrombectomy System.
• In October 2023, after raising USD 35 million, Evident Vascular, a business that specializes in AI-enhanced intravascular ultrasound technology, announced its launch.

Report Coverage

The report will cover the qualitative and quantitative data on the global Intravascular Ultrasound Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations

Regional Analysis

North America accounted for the highest xx% market share in terms of revenue in the Intravascular Ultrasound market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Intravascular Ultrasound. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Intravascular Ultrasound companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Intravascular Ultrasound Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Intravascular Ultrasound Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global Intravascular Ultrasound Market valued?
• Which region has the largest share in 2024 for the global Intravascular Ultrasound Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of the Market

• Historic year: 2019-2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Intravascular Ultrasound Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: