Peripheral Intravascular Ultrasound Catheter Market Growth, Top Players, and Forecast by 2031

MARKET INTRODUCTION

Peripheral Intravascular ultrasound (IVUS) catheter is a medical imaging methodology which uses a specifically designed catheter with a minute sized ultrasound probe attached to its distal end. The proximal end of this catheter is attached to computerized ultrasound equipment. It allows the application of ultrasonic technology to visualize the blood vessels internally through the surrounding blood column. The arteries of the heart are the most frequent imaging target for IVUS. The application of IVUS in coronary arteries is to determine the amount of atheromatous plaque formed at any point particularly in the epicardial coronary artery. Built-up plaque obstructs the blood flow, disturbs the normal blood pressure in the body, and raises coronary heart complications like stenosis. IVUS is a worthy adjunct to angiography, providing new insights into the diagnosis and therapy for coronary diseases. An angiography depicts a 2D silhouette of the lumen, whereas IVUS allows tomographic assessment of lumen area, plaque size, distribution, and composition.

MARKET DYNAMICS

The peripheral intravascular ultrasound catheter market has shown a significant evolution over the forecast period. The rise of the peripheral intravascular ultrasound catheter market is majorly driven by the high incidence rate of cardiovascular disorders and the rising prevalence of cerebrovascular disease and peripheral artery disease (PAD). According to WHO, it has been estimated that around 17.3 million people died from cardiovascular diseases in 2008, representing 30% of all the global deaths. Of these deaths, an estimated 7.3 million were due to coronary heart disease, and 6.2 million were due to stroke. Moreover, there is a prominent rise in the number of percutaneous coronary interventions and the number of stent procedures. A significant population nowadays prefer less invasive procedures; the technological advancements in image-guided treatment and growing incidence of the cardiovascular disease led to the increase in the market growth. However, the drawback of the peripheral intravascular ultrasound catheter is the high cost, lack of uniform reimbursement, and a threat from optical coherence tomography, which is likely to restrict the market growth.

MARKET SCOPE

The "Peripheral Intravascular Ultrasound Catheter Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry's medical device, with a specific focus on the global market trend analysis. This report provides an outline of the peripheral intravascular ultrasound catheter market with detailed market segmentation by product, application, and end-user. The peripheral intravascular ultrasound catheter market is estimated to witness high growth during the forecast period. It focuses on the vital statistics on the leading players' market status in the peripheral intravascular ultrasound catheter market and offers key opportunities and trends in the market.

MARKET SEGMENTATION

The market is categorized based on the product, application, and end user. Based on the product, the market is segmented as intravascular ultrasound as stand-alone procedure and balloon angioplasty with intravascular ultrasound. Based on the application, the segmentation of the market is into peripheral artery diseases and coronary artery diseases. Based on end user, segmentation of the market is into hospitals, diagnostic centers, ambulatory surgical centers, and others.

REGIONAL FRAMEWORK

The report states a detailed outline of the industry, consisting of both qualitative and quantitative information. It gives a sketch and forecast of the peripheral intravascular ultrasound catheter market based on various segments. The report also consists of market size and forecast estimates from the year 2021 to2031with respect to five primary regions, namely; North America, Asia-Pacific (APAC), Europe, Middle East, and Africa (MEA), and South & Central America (SCAM). The peripheral intravascular ultrasound catheter market by each region is then subdivided into respective countries and segments. It offers the analysis and forecast of 18 countries worldwide and the recent trend and opportunities prevailing in the region.

The report analyzes factors affecting the peripheral intravascular ultrasound catheter market from both the demand and supply sides. Furthermore, it assesses market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. It also comprises a precise PEST analysis for all five regions, namely, North America, APAC, Europe, MEA, and South & Central America, after evaluating political, social, economic, and technological factors affecting the peripheral intravascular ultrasound catheter market in these regions.

MARKET PLAYERS

The report contains critical developments in the peripheral intravascular ultrasound catheter market as inorganic and organic growth strategies. Various companies are pivoting on organic growth strategies like product approvals, product launches, and others, such as events and patents. Inorganic growth strategies noticed in the market were acquisitions and collaborations &partnerships. Such activities have paved the path for the expansion of the business and customer base of market players. The market players from the peripheral intravascular ultrasound catheter market are anticipated to have profitable growth opportunities in the following years with the increasing demand for peripheral intravascular ultrasound catheter in the global market. Below mentioned is the list of a few companies engaged in the peripheral intravascular ultrasound catheter market.
The report also offers key players' profiles in the peripheral intravascular ultrasound catheter market, along with their SWOT analysis and market strategies. Also, the report focuses on leading market players with information on company profiles, financial information of the last three years, components, and services provided, critical development in the past five years.

•  Abbott.
  
•  Cook
  
•  Cardinal Health. (Cordis)
  
•  Boston Scientific Corporation
  
•  C.R. Bard Inc.
  
•  Medtronic
  
•  Terumo Medical Corporation
  
•  Koninklijke Philips N.V. (Volcano)
  
•  Siemens Healthcare
  
•  InfraReDx Inc. (A Nipro Company)
  

The Insight Partner's dedicated research and analysis team comprises of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Peripheral Intravascular Ultrasound Catheter Report Scope