Intravascular Ultrasound Devices Market Worth US$ 1,012.37 Mn by 2028

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Intravascular Ultrasound (IVUS) Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Equipment and Accessories); Modality (Virtual Histology IVUS, iMap IVUS, and Integrated Backscatter IVUS); End User (Hospitals and Clinics, Diagnostic Centers, and Academic and Research Institutes)

Publication Month: Jan 2022 | Report Code: TIPRE00009788 | No. of Pages: 205 | Category: Medical Device | Status: Published

[Research Report] The intravascular ultrasound (IVUS) devices market is expected to grow from US$ 608.97 million in 2021 to US$ 1,012.37 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028.

The report offers insights and in-depth analysis of the intravascular ultrasound (IVUS) devices market concerning various parameters such as market trends and opportunities, market dynamics, and competitive landscape analysis of leading market players across North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa. It also includes the impact analysis of the COVID-19 pandemic across the regions.

Strategic Insights

Report Coverage - Intravascular Ultrasound (IVUS) Devices Market
Report CoverageDetails
Market Size Value inUS$ 608.97 million in 2021
Market Size Value byUS$ 1,012.37 million by 2028
Growth rateCAGR of 7.5% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
No. of Pages205
No. of Tables111
No. of Charts & Figures75
Historical data availableYes
Segments coveredType, Modality, End User
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Lucrative Regions for Intravascular Ultrasound (IVUS) Devices Market

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Market Insights

Rise in Cardiovascular Disorders

CVDs continue to be the most significant cause of morbidity and mortality worldwide. An unhealthy diet is the most crucial lifestyle factor that leads to CVDs. According to the WHO, CVDs are one of the causes of death accounting for nearly 17.9 million deaths worldwide in 2019.

A few of the primary risk factors of CVDs include family history, ethnicity, age, and other risk factors: tobacco consumption, hypertension, obesity, high cholesterol, physical inactivity, diabetes, unhealthy diets, and alcohol consumption. The majority of CVDs can be prevented through pre-monitoring and pre-diagnosis using intravascular ultrasound devices. Therefore, the growing number of CVDs is propelling the demand for intravascular ultrasound devices.

Due to the COVID-19 pandemic, the demand for intravascular ultrasound (IVUS) devices has increased. The intravascular ultrasound (IVUS) devices market in Asia Pacific is likely to expand at a rapid pace in the near future. This expansion can be majorly attributed to the availability of trained and well-qualified technicians and rise in adoption of technologically advanced diagnostic equipment.

Modality-Based Insights

Based on modality, the intravascular ultrasound (IVUS) devices market is segmented into virtual histology IVUS, iMap IVUS, and integrated backscatter IVUS. In 2021, virtual histology IVUS segment held a larger market share. However, the iMap IVUS segment is estimated to register a higher CAGR of 8.0% during the forecast period.

Intravascular Ultrasound (IVUS) Devices Market, by Modality – 2021 & 2028

Intravascular Ultrasound (IVUS) Devices Market, by Modality – 2021 & 2028

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Type-Based Insights

Based on type, the intravascular ultrasound (IVUS) devices market is segmented into equipment and accessories. In 2021, the accessories segment held a larger market share, and the same segment is estimated to register a higher CAGR of 7.7% in the market during the forecast period

End User-Based Insights

Based on end user, the intravascular ultrasound (IVUS) devices market is segmented into hospitals and clinics, diagnostic centers, and academic and research institutes. In 2021, hospitals and clinics segment held a larger market share. However, the diagnostic centers segment is estimated to register a higher CAGR of 7.9% during the forecast period


Companies commonly adopt inorganic strategies such as mergers and acquisitions to cater to changing customer demands and maintain their brand names worldwide. Players operating in the intravascular ultrasound (IVUS) devices market also adopt organic strategies, such as product launch and expansion, to outstretch their footprint and product portfolio worldwide and meet the growing demand.

By Type

  • Equipment
    • Catheters
    • Guidewires
    • Others
  • Accessories

By Modality

  • Virtual Histology IVUS
  • iMap IVUS
  • Integrated Backscatter IVUS

By End User

  • Hospitals and Clinics
  • Academic and Research Institutes
  • Diagnostic Centers

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Africa
    • Rest of Middle East & Africa
  • South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America

Company Profiles

  • Koninklijke Philips N.V.
  • GE Healthcare
  • Siemens AG
  • Boston Scientific Corporation
  • Infraredx, Inc.
  • Terumo Corporation
  •  Axle International
  • Conavi Medical Inc.
  • Canon Medical Systems
  • Abbott
  • ACIST Medical System

Frequently Asked Questions

Intravascular Ultrasound (IVUS) is a catheter-based diagnostic technique used to diagnose and treat both arteries and veins. Ultrasound does not use or produce any ionizing radiation, has no known harmful effects, and can provide clear images of soft tissues that are not well seen on x-ray images.
Key factors such as the high prevalence of coronary artery diseases coupled with the increasing focus of numerous countries on building robust healthcare infrastructure will contribute to the expansion of the intravascular ultrasound devices market.
The market is estimated to grow with a CAGR of 7.5% from 2021 to 2028.
Koninklijke Philips N.V.; GE Healthcare; Siemens AG; Boston Scientific Corporation; Infraredx, INC.; Terumo Corporation; Axle International; Conavi Medical Inc.; Canon Medical Systems; Abbott, and ACIST Medical System are among the leading companies operating in the high throughput screening market.

The List of Companies - Intravascular Ultrasound (IVUS) Devices Market

  1. Koninklijke Philips N.V.
  2. GE Healthcare
  3. Siemens AG
  4. Boston Scientific Corporation
  5. Infraredx, Inc.
  6. Terumo Corporation
  7. Axle International
  8. Conavi Medical Inc.
  9. Canon Medical Systems
  10. Abbott
  11. ACIST Medical System
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Intravascular Ultrasound (IVUS) Devices Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global Intravascular Ultrasound (IVUS) Devices market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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