The global intravascular ultrasound (IVUS) devices market is expected to grow at a CAGR of around 4.6% from 2021 to 2028 and expected to reach the market value of around US$ 838.4 Mn by 2028.
Report coverage
Market |
Intravascular Ultrasound [IVUS] Devices Market |
Analysis Period |
2017 - 2028 |
Base Year |
2020 |
Forecast Data |
2021 - 2028 |
Segments Covered |
By Product, By Application By End-User and By Geography |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
GE Healthcare, Hitachi Ltd, Siemens Healthineers, Boston Scientific Corporation, Volcano Corporation, Infraredx, Silicon Valley Medical Instruments, Avinger Inc., Philips, Canon Medical Systems Corporation, and Toshiba. |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Customization Scope |
10 hrs of free customization and expert consultation |
Intravascular Ultrasound (IVUS) is a diagnostic technique that allows a real-time internal picture of coronary artery by providing a visual image of the artery and the atheroma within the arterial wall; IVUS can also determine the degree of constriction or thickening (stenosis) of an artery. This is done with the help of catheter which is connected to the ultrasound equipment, allowing the device to show the blood vessels and any alterations around the surrounding blood column. On the tip of the catheter is attached an ultrasound transducer or probe which emits sound waves for image creation. The probe also receives and returns the echo information and forwards images to a computer. IVUS is also known as intravascular echocardiography. It involves both echocardiography and cardiac catheterization procedures and can be used to determine the efficacy of stents or balloon angioplasty. Rise in chronic diseases has led to the heightened demand for efficient diagnostic tools for cardiovascular applications such as heart stroke, myocardial infarction, angina among others are resulting in higher adoption of IVUS devices. The IVUS devices market is expected to grow at a significant pace with substantial growth rates during the forecast period.
Market Dynamics
The expansion of the intravascular ultrasound devices market is being driven by an increase in R&D efforts, as well as an increase in the prevalence of chronic diseases. Top market participants are implementing new and improved digital technologies and pushing toward the integration of new ultrasound equipment developments. This partnership is expected to improve the market by introducing high-resolution imaging technologies. Improving the picture output quality can improve illness diagnosis accuracy in the early stages. This is a significant step forward in the early detection of a variety of life-threatening disorders, including cardiovascular problems. Adapting various imaging technologies to provide cost-effective medical imaging equipment and solutions in developing economies is projected to drive market expansion. Demand for innovative medical equipment is being driven by the development of healthcare infrastructure in emerging economies, as well as a rise in individual disposable income and a larger patient pool.
The increasing number of product failures will likely act as a market restraining factor for the growth of the intravascular ultrasound (IVUS) market. The high cost and maintenance of intravascular ultrasound are also restraining the market growth.
Segment Analysis by Region
The global intravascular ultrasound device market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Due to increased use of advanced technologies, better health coverage, and a high prevalence of coronary artery disease, North America is likely to have a large market share. High treatment efficacy standards and reimbursement scenario are expected to augment the market in North American region. Due to the growing senior population, Europe holds the second greatest market share. Growing patient pool and pharmaceutical industries, as well as rising frequencies of cardiovascular disorders in the region, Asia-Pacific is predicted to expand at the fastest rate throughout the forecast period.
Covid-19 Impact on Global Intravascular Ultrasound [IVUS] Devices Market:
Around 40% of COVID-19 healed patients suffer cardiovascular problems, according to the American College of Cardiology (ACC). Covid-19 has a big impact on the market for intravascular ultrasound equipment. Despite a decline in overall mortality, the market for short and long-term cardiovascular problems is likely to grow in the future years. Patients with hypertension, diabetes, cardiovascular disease, and other illnesses are more vulnerable to the new coronavirus than healthy people. Ultrasound is one of the imaging methods that requires a lot of interaction between the patient and the healthcare provider. If these operations are not performed safely, the risk of COVID-19 infection among physicians and patients in healthcare facilities may increase. Manufacturers of intravascular ultrasonography (IVUS) devices and healthcare facilities are becoming more aware of the importance of following particular sanitization recommendations for IVUS devices. These advances are expected to have an impact on the market for intravascular ultrasound (IVUS) devices.
Competitive Landscape
The global intravascular ultrasound (IVUS) devices market is highly competitive due to presence of large number of players and innovative product introductions in market. In addition, business expansion activities through mergers and acquisitions are factors expected to further increase the competition. Market key players include GE Healthcare, Hitachi Ltd, Siemens Healthineers, Boston Scientific Corporation, Volcano Corporation, Infraredx, Silicon Valley Medical Instruments, Avinger Inc., Philips, Canon Medical Systems Corporation, and Toshiba.
Intravascular Ultrasound [IVUS] Devices Market Segment Analysis, 2021
The global intravascular ultrasound device market is segmented as Product, End-User, Application and Region. The product is further sub segmented into consoles and catheters. The end-user is sub segmented as hospitals, diagnostic centers and academics and research institutes. The application is further bifurcated as coronary diagnostic market, coronary intervention market, coronary research market and non-coronary/peripheral applications market.
Market Segmentation
Market By Product
Consoles
- Integrated system
- Cart system
Catheters
- IVUS Transducers
- IVUS Accessories
Market By Application
Coronary Diagnostic Market
Coronary Intervention Market
Coronary Research Market
Non-coronary / Peripheral Applications Market
Market By End-User
Hospitals
Diagnostic Centers
Academic and Research Institutes
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Intravascular Ultrasound [IVUS] Devices
1.1. Definition and Scope
1.1.1. Definition of Intravascular Ultrasound [IVUS] Devices
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Intravascular Ultrasound [IVUS] Devices Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Intravascular Ultrasound [IVUS] Devices Market By Product Type
1.2.3. Intravascular Ultrasound [IVUS] Devices Market By Application Type
1.2.4. Intravascular Ultrasound [IVUS] Devices Market By End-User
1.2.5. Intravascular Ultrasound [IVUS] Devices Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Intravascular Ultrasound [IVUS] Devices Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Intravascular Ultrasound [IVUS] Devices Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2021
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Intravascular Ultrasound [IVUS] Devices Market By Product Type
4.1. Introduction
4.2. Intravascular Ultrasound [IVUS] DevicesRevenue By Product Type
4.2.1. Intravascular Ultrasound [IVUS] Devices Revenue (US$ Mn) and Forecast, By Product Type, 2021-2028
4.2.2. Consoles
4.2.2.1. Consoles Market Revenue (US$ Mn) and Growth Rate (%), 2021-2028
4.2.3. Catheters
4.2.3.1. Catheters Market Revenue (US$ Mn) and Growth Rate (%), 2021-2028
CHAPTER 5. Intravascular Ultrasound [IVUS] Devices Market RevenueBy Application Type
5.1. Introduction
5.2. Intravascular Ultrasound [IVUS] Devices Revenue (US$ Mn)By Application Type
5.2.1. Intravascular Ultrasound [IVUS] Devices Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
5.2.2. Coronary Diagnostic Market
5.2.2.1. Coronary Diagnostic Market Revenue (US$ Mn) and Growth Rate (%), 2021-2028
5.2.3. Coronary Intervention
5.2.3.1. Coronary Intervention Market Revenue (US$ Mn) and Growth Rate (%), 2021-2028
5.2.4. Coronary Research
5.2.4.1. Coronary Research Market Revenue (US$ Mn) and Growth Rate (%), 2021-2028
5.2.5. Non-coronary /Peripheral Applications Market
5.2.5.1. Non-coronary /Peripheral Applications Market Revenue (US$ Mn) and Growth Rate (%), 2021-2028
5.2.6. Others
5.2.6.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2021-2028
CHAPTER 6. Intravascular Ultrasound [IVUS] Devices Market By End-User
6.1. Introduction
6.2. Intravascular Ultrasound [IVUS] Devices Revenue (US$ Mn) By End-User
6.2.1. Intravascular Ultrasound [IVUS] Devices Revenue (US$ Mn) and Forecast By End-User , 2021-2028
6.2.2. Hospitals
6.2.2.1. Hospitals Market Revenue (US$ Mn) and Growth Rate (%), 2021-2028
6.2.3. Diagnostic centers
6.2.3.1. Diagnostic centers
6.2.4. Academic and Research Institutes
6.2.4.1. Academic and Research Institutes Market Revenue (US$ Mn) and Growth Rate (%), 2021-2028.
6.2.5. Others
6.2.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2021-2028
CHAPTER 7. North AmericaIntravascular Ultrasound [IVUS] Devices Market By Country
7.1. North America Intravascular Ultrasound [IVUS] Devices Overview
7.2. U.S.
7.2.1. U.S.Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
7.2.2. U.S. Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
7.2.3. U.S. Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
7.3. Canada
7.3.1. Canada Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
7.3.2. Canada Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
7.3.3. Canada Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
7.4. North America PEST Analysis
CHAPTER 8. Europe Intravascular Ultrasound [IVUS] Devices Market By Country
8.1. Europe Intravascular Ultrasound [IVUS] Devices Market Overview
8.2. U.K.
8.2.1. U.K.Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
8.2.2. U.K.Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
8.2.3. U.K.Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
8.3. Germany
8.3.1. Germany Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
8.3.2. Germany Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
8.3.3. Germany Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
8.4. France
8.4.1. France Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
8.4.2. France Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
8.4.3. France Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
8.5. Spain
8.5.1. Spain Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
8.5.2. Spain Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
8.5.3. Spain Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
8.6. Rest of Europe
8.6.1. Rest of Europe Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
8.6.2. Rest of Europe Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
8.6.3. Rest of EuropeIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Intravascular Ultrasound [IVUS] Devices Market By Country
9.1. Asia Pacific Intravascular Ultrasound [IVUS] Devices Market Overview
9.2. China
9.2.1. China Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
9.2.2. China Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
9.2.3. China Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
9.3. Japan
9.3.1. Japan Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
9.3.2. Japan Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
9.3.3. Japan Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
9.4. India
9.4.1. India Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
9.4.2. India Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
9.4.3. India Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
9.5. Australia
9.5.1. Australia Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
9.5.2. Australia Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
9.5.3. Australia Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
9.6. South Korea
9.6.1. South Korea Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
9.6.2. South Korea Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
9.6.3. South Korea Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-PacificIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
9.7.2. Rest of Asia-PacificIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
9.7.3. Rest of Asia-PacificIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Intravascular Ultrasound [IVUS] Devices Market By Country
10.1. Latin AmericaIntravascular Ultrasound [IVUS] Devices Market Overview
10.2. Brazil
10.2.1. Brazil Intravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
10.2.2. BrazilIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
10.2.3. BrazilIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
10.3. Mexico
10.3.1. MexicoIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
10.3.2. MexicoIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
10.3.3. MexicoIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
10.4. Rest of Latin America
10.4.1. Rest of Latin AmericaIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
10.4.2. Rest of Latin AmericaIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
CHAPTER 11. Middle East & Africa Intravascular Ultrasound [IVUS] Devices Market By Country
11.1. Middle East & Africa Intravascular Ultrasound [IVUS] Devices Market Overview
11.2. Saudi Arabia
11.2.1. Saudi ArabiaIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
11.2.2. Saudi ArabiaIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
11.2.3. Saudi ArabiaIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
11.3. UAE
11.3.1. UAEIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
11.3.2. UAEIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
11.3.3. UAEIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & AfricaIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2021-2028
11.4.2. Rest of Middle East & AfricaIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By Application Type, 2021-2028
11.4.3. Rest of Middle East & AfricaIntravascular Ultrasound [IVUS] Devices Market Revenue (US$ Mn) and Forecast By End-User, 2021-2028
CHAPTER 12. PLAYER ANALYSIS OF INTRAVASCULAR ULTRASOUND [IVUS] DEVICES
12.1. Intravascular Ultrasound [IVUS] Devices Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Intravascular Ultrasound [IVUS] Devices Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. COMPANY PROFILE
13.1.1. BostonScientific
13.1.2. Company Snapshot
13.1.3. Business Overview
13.1.4. Financial Overview
13.1.4.1. Revenue (US$ Mn), 2021
13.1.4.2. Boston Scientific2021Intravascular Ultrasound [IVUS] Devices Business Regional Distribution
13.1.5. Product/ Service and Specification
13.1.6. Recent Developments& Business Strategy
13.1.7. Manufacturing Plant Footprint Analysis
13.2. Philips Healthcare
13.3. Volcano Therapeutics
13.4. GE Healthcare
13.5. Siemen Healthcare
13.6. Infraredx
13.7. Silicon Valley Medical Instruments
13.8. Hitachi Ltd
13.9. Canon Medical Systems Corporation
13.10. Toshiba
13.11. Avinger Inc
13.12. Axle International
13.13. Others