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What Growth Projections are in Place for the Intravascular Ultrasound Market Between 2024-2033?

The intravascular ultrasound market has experienced solid growth in recent years. It is expected to increase from $2.28 billion in 2023 to $2.49 billion in 2024, achieving a CAGR of 8.9%. The historical growth can be attributed to a rise in cardiovascular diseases, an increase in minimally invasive procedures, a growing elderly population, the expansion of healthcare infrastructure, and rising healthcare expenditures.

The intravascular ultrasound market size is expected to see strong growth in the next few years, projected to reach $3.52 billion by 2028 at a CAGR of 9.1%. This growth can be attributed to the increasing use of IVUS in coronary interventions, heightened awareness regarding early diagnosis and treatment of heart diseases, the development of high-definition IVUS catheters, increased research and development in medical imaging, and the rising prevalence of diabetes. Key trends expected during this period include the adoption of IVUS technology, the implementation of AI and machine learning algorithms, the development of portable and miniaturized IVUS devices, the application of 3D IVUS imaging for enhanced visualization, advancements in image resolution, and real-time feedback systems.

What Are the Major Factors Contributing to the Intravascular Ultrasound Market Expansion?

The rising prevalence of cardiovascular diseases (CVDs) is expected to propel the growth of the intravascular ultrasound market going forward. Cardiovascular diseases (CVDs) are a group of disorders that affect the heart and blood vessels. The prevalence of cardiovascular diseases (CVDs) is increasing due to lack of physical activity, unhealthy diet, smoking, chronic stress, and excessive alcohol consumption. Intravascular Ultrasound (IVUS) is a valuable diagnostic tool for managing cardiovascular diseases (CVDs). It provides detailed images and information about the inside of blood vessels, particularly coronary arteries, which can significantly enhance the diagnosis, treatment, and management of various cardiovascular conditions.

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Which Key Segments Shape the Intravascular Ultrasound Market?

The intravascular ultrasound market covered in this report is segmented –

1) By Type: Platform Intravascular Ultrasound, Compact Intravascular Ultrasound
2) By Modality: Virtual Histology Intravascular Ultrasound (IVUS), iMap Intravascular Ultrasound (IVUS), Integrated Backscatter Intravascular Ultrasound (IVUS)
3) By Application: Peripheral Arterial Diseases, Cardiovascular Diseases
4) By End use: Hospital, Diagnostic Centers, Academic And Research Institutes

What Are the Transformative Trends Influencing the Intravascular Ultrasound Market?

Major companies in the intravascular ultrasound market are concentrating on technological advancements with sonic lumen tomography (SLT) technology to enhance diagnostic capabilities, facilitate improved decision-making in cardiovascular procedures, and ultimately enhance patient outcomes. Sonic lumen tomography technology improves the visualization of blood vessels by providing high-resolution, cross-sectional images of the lumen (the interior of a blood vessel) and the vessel walls. For example, in May 2024, Provisio Medical Inc., a US-based medical equipment manufacturer, launched the Provisio SLT Intravascular ultrasound (IVUS) system. This system consists of the SLT IVUS P1 system and the SLT IVUS support crossing catheter. Provisio enhances vessel sizing data acquisition and presentation through Sonic Lumen Tomography technology in front-line support crossing catheters. This solution reduces data acquisition time, lowers the use of contrast media, and decreases radiation exposure without interrupting the physician’s workflow.

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What Regions Are Leading the Growth Trajectory of the Intravascular Ultrasound Market?

North America was the largest region in the intravascular ultrasound market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intravascular ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Intravascular Ultrasound Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the intravascular ultrasound market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Intravascular Ultrasound Market Include

1. Intravascular Ultrasound Market Executive Summary
2. Intravascular Ultrasound Market Segments
3. Intravascular Ultrasound Market Size And Template Market Growth Rate
4.  Key Intravascular Ultrasound Market Trends
5. Major Intravascular Ultrasound Market Drivers
……
25. Key Mergers And Acquisitions In The Intravascular Ultrasound Market
26. Top Intravascular Ultrasound Companies
27. Intravascular Ultrasound Market Opportunities And Strategies
28. Intravascular Ultrasound Market, Conclusions And Recommendations
29. Appendix

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