Intravascular Ultrasound (IVUS) Devices Market Growth and Analysis by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

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)

Report Date : Jan 2022
Report Code : TIPRE00009788

Category : Life Sciences
Status : Published

Available Report Formats :
No. of Pages : 205

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

[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.

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Intravascular Ultrasound (IVUS) Devices Market: Strategic Insights

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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 Devices

Intravascular Ultrasound (IVUS) Devices Market Regional Insights

The regional trends and factors influencing the Intravascular Ultrasound (IVUS) Devices Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Intravascular Ultrasound (IVUS) Devices Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

intravascular-ultrasound-devices-market-global-geography

Get the Regional Specific Data for Intravascular Ultrasound (IVUS) Devices Market

Intravascular Ultrasound (IVUS) Devices Market Report Scope

Report Attribute	Details
Market size in 2021	US$ 608.97 Million
Market Size by 2028	US$ 1,012.37 Million
Global CAGR (2021 - 2028)	7.5%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Equipment and Accessories By Modality Virtual Histology IVUS iMap IVUS Integrated Backscatter IVUS By End User Hospitals and Clinics Diagnostic Centers Academic and Research Institutes
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key 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

Intravascular Ultrasound (IVUS) Devices Market Players Density: Understanding Its Impact on Business Dynamics

The Intravascular Ultrasound (IVUS) Devices Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Intravascular Ultrasound (IVUS) Devices Market are:

Koninklijke Philips N.V.
GE Healthcare
Siemens AG
Boston Scientific Corporation
Infraredx, Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

intravascular-ultrasound-devices-market-cagr

Get the Intravascular Ultrasound (IVUS) Devices Market top key players overview

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

Who are the key players in the Intravascular Ultrasound (IVUS) Devices market?

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.

What will be the CAGR of Intravascular Ultrasound (IVUS) Devices market?

The market is estimated to grow with a CAGR of 7.5% from 2021 to 2028.

What are the driving factors for the Intravascular Ultrasound (IVUS) Devices market across the NA, EU, APAC, SCAM, and MEA regions?

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.

What is Intravascular Ultrasound (IVUS) Devices?

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.

Research Manager

Mrinal Kerhalkar

Manager,
Market Research & Consulting

Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

What are the Intravascular Ultrasound (IVUS) Devices Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Intravascular Ultrasound (IVUS) Devices Market Report Snapshots

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