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What key factors are powering the surge in the intravascular ultrasound market right now?

In recent times, the intravascular ultrasound market has witnessed robust growth. Its valuation is projected to rise from $2.49 billion in 2024 to $2.71 billion in 2025, representing a compound annual growth rate (CAGR) of 9.2%. The significant growth experienced in the previous period can be tied to the elevated incidence of cardiovascular diseases, the surge in minimally invasive procedures, the expanding elderly population, the broadening of healthcare infrastructure, and an uphill trend in healthcare spending.

How fast Is the intravascular ultrasound market expected to grow, and what’s its future value?

In the coming years, the intravascular ultrasound market is set to enjoy robust expansion. The market is projected to rise to $3.83 billion in 2029, with a compound annual growth rate (CAGR) of 9.0%. Several factors are believed to be behind this growth in the forecasted period, which include an increase in the use of IVUS in coronary interventions, greater awareness about the importance of early diagnosis and treatment of heart conditions, the creation of high-definition IVUS catheters, an increase in R&D activities related to medical imaging, and a growing diabetic population. The period is also expected to witness trends such as the greater adoption of IVUS technology, the incorporation of Artificial Intelligence and machine learning algorithms, the development of compact and handheld IVUS devices, 3D IVUS imaging for improved visualization, enhanced image resolution, and real time feedback systems.

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What are the leading drivers of growth in the intravascular ultrasound market?

The intravascular ultrasound market is predicted to benefit from the growing incidence of cardiovascular diseases (CVDs). CVDs, a collection of conditions that impact the heart and blood vessels, are on the rise owing to factors such as lack of exercise, unhealthy eating habits, smoking, chronic stress, and heavy drinking. The role of Intravascular Ultrasound (IVUS) in managing CVDs is crucial. It offers in-depth images and insights about the inner part of blood vessels, especially coronary arteries, empowering the diagnosis, therapy, and control of several cardiovascular disorders. For instance, as per the information released by the British Heart Foundation, a British cardiovascular research charity, about 7.6 million residents of the UK suffer from heart and circulatory diseases in September 2024. This includes nearly 4 million men and 3.6 million women. These diseases account for approximately 27% of the total deaths in the country, leading to over 170,000 deaths per year, or roughly 480 deaths daily, which means one death every three minutes. Hence, the increasing incidence of CVDs is fuelling the growth of the intravascular ultrasound market.

What are the key segments defining 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

Subsegments:

1) By Platform Intravascular Ultrasound: Console-Based Systems, Catheter-Based Systems

2) By Compact Intravascular Ultrasound: Portable Systems, Handheld Systems

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Who are the key players steering the development of the intravascular ultrasound market?

Major companies operating in the intravascular ultrasound market are Abbott Laboratories, Medtronic plc, Siemens Healthcare GmbH, Fujifilm Corporation, GE HealthCare Technologies Inc., Koninklijke Philips N.V., Boston Scientific Corporation, B. Braun Holding GmbH & Co. KG, Terumo Corporation, Fujikura Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Nipro Corporation, Shimadzu Corporation, Cook Group Incorporated, Analogic Corporation, Canon Medical Systems Corporation, ACIST Medical Systems Inc., Insightec Ltd., HeartFlow Inc., Chison Medical Technologies Co. Ltd., CIVCO Medical Instruments Co. Inc., Pie Medical Imaging BV, Conavi Medical Inc., Samsung Medison Co. Ltd., Esaote S.p.A., Sonic Concepts Inc.

What key trends are currently impacting the intravascular ultrasound market’s development?

Technological advancements in sonic lumen tomography (SLT) are a key focus for major companies in the intravascular ultrasound market. The goal is to improve diagnostic capabilities, enable more informed decision-making in cardiovascular procedures, and ultimately, elevate patient outcomes. SLT technology heightens the visibility of blood vessels by offering high-resolution, cross-sectional depictions of a blood vessel’s interior space and walls. Provisio Medical Inc., a U.S.-based company, unveiled the Provisio SLT Intravascular Ultrasound (IVUS) system in May 2024. The system, which includes the SLT IVUS P1 system and the SLT IVUS support crossing catheter, uses Sonic Lumen Tomography technology to enhance vessel measurement data capture and presentation. This technology trims data collection time and minimizes contrast media use and radiation exposure, without hindering the physician’s workflow.

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Which regions are most influential in expanding the intravascular ultrasound market?

North America was the largest region in the intravascular ultrasound market in 2024. 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.

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