How Has the Intravascular Ultrasound Market Evolved Historically and What is its Current Size?
The intravascular ultrasound market has seen considerable growth due to a variety of factors.
• The intravascular ultrasound market has seen strong growth in recent years. It is projected to grow from $2.49 billion in 2024 to $2.71 billion in 2025, with a CAGR of 9.2%.
This growth is driven by the higher incidence of cardiovascular diseases, the rise in minimally invasive procedures, the aging population, healthcare infrastructure expansion, and increasing healthcare expenditures.
What is the Forecasted Market Size and CAGR for the Intravascular Ultrasound Market?
The intravascular ultrasound market is expected to maintain its strong growth trajectory in upcoming years.
• The intravascular ultrasound market is set for robust growth, reaching $3.83 billion by 2029, with a CAGR of 9.0%.
This expansion is fueled by the increasing use of IVUS in coronary interventions, growing awareness of early heart disease diagnosis, the development of high-definition IVUS catheters, a surge in R&D for medical imaging, and the rising prevalence of diabetes. Key trends include the adoption of IVUS technology, AI and machine learning integration, miniaturized IVUS devices, 3D IVUS imaging, improved image resolution, and real-time feedback systems.
What Key Factors and Trends Are Driving The Growth Intravascular Ultrasound Market?
The increasing prevalence of cardiovascular diseases (CVDs) is expected to drive the growth of the intravascular ultrasound market. Cardiovascular diseases, driven by factors like poor diet, smoking, and stress, are on the rise. Intravascular ultrasound (IVUS) enhances CVD diagnosis by providing detailed images of blood vessels. A September 2024 report by the British Heart Foundation noted that CVDs account for 27% of deaths in the UK, highlighting the critical need for advanced diagnostic tools such as IVUS.
What Are The Market Segments In The Intravascular Ultrasound Market?
The intravascular ultrasound market covered in this report is segmented –
1) By Type: Platform Intravascular Ultrasound, Compact Intravascular Ultrasound
2) By Modality: Virtual Histology Intravascular Ultrasound (IVUS), iMap Intravascular Ultrasound (IVUS), Integrated Backscatter Intravascular Ultrasound (IVUS)
3) By Application: Peripheral Arterial Diseases, Cardiovascular Diseases
4) By End use: Hospital, Diagnostic Centers, Academic And Research Institutes
Subsegments:
1) By Platform Intravascular Ultrasound: Console-Based Systems, Catheter-Based Systems
2) By Compact Intravascular Ultrasound: Portable Systems, Handheld Systems
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What Trends Are Reshaping The Future Of The Intravascular Ultrasound Market?
Leading entities in the intravascular ultrasound market, such as Provisio Medical Inc., are incorporating sonic lumen tomography (SLT) technology into their operations in an effort to enhance diagnostic ability, support more informed decision-making during cardiovascular procedures, and ultimately, improve patient outcomes. The application of SLT technology advances the visualization of blood vessels by rendering high-resolution, cross-sectional images of the lumen, the inner space of a blood vessel, and the wall of the vessel. The flagship Provisio SLT Intravascular ultrasound (IVUS) system, launched in May 2024, includes the SLT IVUS P1 system and the SLT IVUS support crossing catheter. Thanks to this technology, Provisio Medical is able to streamline data collection for vessel sizing and presentation through the use of Sonic Lumen Tomography technology when employing front-line support crossing catheters. As a result, they are able to reduce data acquisition time, minimize the use of contrast media, and decrease radiation exposure, all without breaking the physician's workflow.
Who Are the Key Players In The Intravascular Ultrasound Market?
Major companies operating in the intravascular ultrasound market are:
• Abbott Laboratories
• Medtronic plc
• Siemens Healthcare GmbH
• Fujifilm Corporation
• GE HealthCare Technologies Inc.
• Koninklijke Philips N.V.
• Boston Scientific Corporation
• B. Braun Holding GmbH & Co. KG
• Terumo Corporation
• Fujikura Ltd.
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• Nipro Corporation
• Shimadzu Corporation
• Cook Group Incorporated
• Analogic Corporation
• Canon Medical Systems Corporation
• ACIST Medical Systems Inc.
• Insightec Ltd.
• HeartFlow Inc.
• Chison Medical Technologies Co. Ltd.
• CIVCO Medical Instruments Co. Inc.
• Pie Medical Imaging BV
• Conavi Medical Inc.
• Samsung Medison Co. Ltd.
• Esaote S.p.A.
• Sonic Concepts Inc.
What Are The Regional Insights Into The Intravascular Ultrasound Market?
North America was the largest region in the intravascular ultrasound market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intravascular ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
