Publication Month: Jan 2022 | Report Code: TIPRE00009788 | No. of Pages: 205 | Category: Medical Device | Status: Published
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.
|Market Size Value in||US$ 608.97 million in 2021|
|Market Size Value by||US$ 1,012.37 million by 2028|
|Growth rate||CAGR of 7.5% from 2021 to 2028|
|No. of Pages||205|
|No. of Tables||111|
|No. of Charts & Figures||75|
|Historical data available||Yes|
|Segments covered||Type, Modality, End User|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
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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.
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.
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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
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.