Intravascular Ultrasound (IVUS) System Market size was valued at USD 771.9 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030
Market Overview: Intravascular Ultrasound (IVUS) is a medical imaging technique that uses sound waves to visualize the inside of blood vessels, particularly coronary arteries. IVUS systems consist of a catheter with an ultrasound transducer at its tip, which is inserted into the blood vessels to obtain detailed images of the vessel walls and the extent of plaque buildup. IVUS is widely used in cardiology and interventional procedures.
Key Drivers:
- Growing Cardiovascular Disease Incidence: The increasing prevalence of cardiovascular diseases, such as coronary artery disease and atherosclerosis, drives the demand for advanced imaging techniques like IVUS to diagnose and guide treatment.
- Advancements in Medical Imaging: IVUS technology has seen continuous advancements, including improved imaging resolution, faster image acquisition, and better integration with other imaging modalities. These innovations enhance the diagnostic accuracy and precision of IVUS systems.
- Minimally Invasive Procedures: IVUS plays a crucial role in guiding minimally invasive procedures like coronary angioplasty and stent placement. As the adoption of minimally invasive interventions continues to rise, so does the demand for IVUS systems.
- Precision Medicine: IVUS enables personalized treatment decisions by providing detailed information about the vessel morphology and plaque composition. This supports clinicians in tailoring interventions to individual patient needs.
- Rising Geriatric Population: The aging global population contributes to the prevalence of cardiovascular diseases. Older individuals often require more intricate and targeted interventions, making IVUS an essential tool.
- Clinical Evidence and Guidelines: As more clinical evidence supports the benefits of IVUS-guided interventions, medical societies and guidelines may recommend or emphasize its use in specific cases, boosting market growth.
- Increasing Awareness and Education: Healthcare professionals’ understanding of the advantages of IVUS and appropriate usage has improved over time, leading to wider adoption of the technology.
- Market Competition and Innovation: Competition among medical device manufacturers fosters innovation, leading to the development of more advanced IVUS systems with enhanced features and capabilities.
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Market Segmentations:
Global Intravascular Ultrasound (IVUS) System Market: By Company
• Boston Scientific Corporation
• Philips Healthcare
• Terumo Corporation
• Siemens Healthcare
• GE Healthcare
• Avinger
• InfraReDx
Global Intravascular Ultrasound (IVUS) System Market: By Type
• IVUS Consoles
• IVUS Catheters
• IVUS Accessories
Global Intravascular Ultrasound (IVUS) System Market: By Application
• Diagnostic
• Research
Global Intravascular Ultrasound (IVUS) System Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Intravascular Ultrasound (IVUS) System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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