Intravascular Ultrasound Market size was valued at USD 1.8 Billion in 2024 and is projected to reach USD 3.2 Billion by 2033, exhibiting a CAGR of 7.2% from 2026 to 2033.
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The intravascular ultrasound (IVUS) market is experiencing significant growth, driven by technological innovations and the increasing prevalence of cardiovascular diseases (CVDs). IVUS provides real-time, high-resolution images of blood vessels, aiding in accurate diagnosis and treatment planning. As of 2023, the global IVUS market was valued at approximately USD 807.8 million and is projected to expand at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030, reaching an estimated USD 1.15 billion by 2030. citeturn0search0
Recent advancements in IVUS technology have enhanced imaging capabilities and procedural efficiency. Notably, the development of micromachined ultrasound transducers has improved image resolution and catheter flexibility. These innovations facilitate better assessment of vascular conditions, leading to improved patient outcomes. citeturn0search2
The peripheral IVUS catheter market is also witnessing substantial growth. Valued at USD 187.99 million in 2023, it is projected to reach USD 340.17 million by 2030, with a CAGR of 7.72% during the forecast period. This growth is attributed to the increasing geriatric population and a rising demand for minimally invasive surgical procedures. citeturn0search6
North America currently holds a significant share of the IVUS market, accounting for 37% of the global market in 2021. The region's dominance is due to advanced healthcare infrastructure and early adoption of medical imaging technologies. Conversely, the Asia-Pacific region is expected to exhibit the highest growth rate, driven by a rising number of cardiac surgeries and increased investments in healthcare infrastructure. citeturn0search7
Major companies in the IVUS market include Boston Scientific Corporation, Koninklijke Philips N.V., Terumo Corporation, and Siemens Healthineers AG. These companies are actively involved in research and development to introduce innovative IVUS systems, aiming to enhance diagnostic accuracy and expand the clinical applications of IVUS technology. citeturn0search2
The importance of Intravascular Ultrasound Market research reports lies in their ability to aid strategic planning, helping businesses develop effective strategies by understanding market trends and dynamics. They play a crucial role in risk management by identifying potential risks and challenges, allowing businesses to mitigate them proactively. These reports offer a competitive advantage by providing insights into competitors' strategies and Intravascular Ultrasound Market positioning. For investors, they provide critical data for making informed decisions by highlighting market forecasts and growth potential. Additionally, market research reports guide product development by understanding consumer needs and preferences, ensuring products meet market demands and drive business growth.
What are the Type driving the growth of the Intravascular Ultrasound Market?
Growing demand for below Type around the world has had a direct impact on the growth of the Intravascular Ultrasound Market:
Accessories, IVUS Consoles, IVUS Catheters
What are the Applications of Intravascular Ultrasound Market available in the Market?
Based on Application the Market is categorized into Below types that held the largest Intravascular Ultrasound Market share In 2024.
IVUS Coronary Intervention, IVUS Non-Coronary /Peripheral Applications, IVUS Coronary Diagnostic, IVUS Coronary Research
Who is the largest Manufacturers of Intravascular Ultrasound Market worldwide?
Boston Scientific, InfraReDx, Draegerwerk, Smiths Medical, Philips Respironics, Avinger, Terumo, Medtronic, GE Healthcare, Siemens Healthcare, Volcano, CareFusion, Masimo, Silicon Valley Medical Instruments, St. Jude medical
Short Description About Intravascular Ultrasound Market:
The global Intravascular Ultrasound Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing steadily, and with the increasing adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, particularly the United States, will continue to play a pivotal role in the market's development. Any changes in the United States could significantly impact the Intravascular Ultrasound Market growth trends. The market in North America is projected to grow considerably during the forecast period, driven by the high adoption of advanced technology and the presence of major industry players, creating ample growth opportunities.
Europe is also expected to experience significant growth in the global market, with a strong CAGR during the forecast period from 2024 to 2031.
Despite intense competition, the clear global recovery trend keeps investors optimistic about the Intravascular Ultrasound Market, with more new investments expected to enter the field in the future.
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Which regions are leading the Intravascular Ultrasound Market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
What are the global trends in the Intravascular Ultrasound Market? Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Intravascular Ultrasound Market? What are the upcoming industry applications and trends for the Intravascular Ultrasound Market?
What Are Projections of Global Intravascular Ultrasound Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Intravascular Ultrasound Market? What are the raw materials used for Intravascular Ultrasound Market manufacturing?
How big is the opportunity for the Intravascular Ultrasound Market? How will the increasing adoption of Intravascular Ultrasound Market for mining impact the growth rate of the overall market?
How much is the global Intravascular Ultrasound Market worth? What was the value of the market In 2020?
Who are the major players operating in the Intravascular Ultrasound Market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Intravascular Ultrasound Market Industry?
1. Introduction of the Intravascular Ultrasound Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Intravascular Ultrasound Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Intravascular Ultrasound Market, By Product
6. Intravascular Ultrasound Market, By Application
7. Intravascular Ultrasound Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Intravascular Ultrasound Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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