2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Factors Are Propelling the Market Growth of theIntravascular Ultrasound Market from 2025 to 2034?

The increase in cases of cardiovascular diseases (CVDs) is predicted to boost the growth trajectory of the intravascular ultrasound market. Cardiovascular diseases, known collectively as CVDs are a set of disorders of the heart and blood vessels. There is a rise in prevalence of cardiovascular diseases, largely due to factors such as physical inactivity, poor diet, smoking, chronic stress, and too much alcohol consumption. Intravascular Ultrasound (IVUS), an essential diagnostic instrument, is used extensively in dealing with cardiovascular diseases, as it offers in-depth images and insights about the interior of blood vessels, chiefly coronary arteries. This substantially raises the accuracy of diagnosing, treating, and managing various cardiovascular diseases. For example, data released in September 2024 by the British Heart Foundation, a UK-based heart research charity, shows that in the UK, nearly 7.6 million people suffer from heart and circulatory diseases, while about 4 million men and 3.6 million women live with these conditions. These diseases are accountable for something like 27% of all deaths in the UK, amounting to more than 170,000 deaths per year, or around 480 deaths daily, equivalent to one death every three minutes. Hence, the surge in cardiovascular disease incidence is fuelling the growth of the intravascular ultrasound market.

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What is the Predicted Annual Growth Rate of theIntravascular Ultrasound Market Impact Industry Trends by 2034?

The size of the intravascular ultrasound market has significantly increased in the past few years. The market is projected to expand from a value of $2.49 billion in 2024 to $2.71 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. Factors contributing to this growth during the historical period include a surge in cardiovascular disease cases, a rise in minimally invasive procedures, an expanding elderly population, development of healthcare infrastructure, and an increase in healthcare expenditure.

In the coming years, the intravascular ultrasound market is predicted to experience significant growth, potentially ballooning to a worth of $3.83 billion in 2029. This translates to a compound annual growth rate (CAGR) of 9.0%. Numerous factors contribute to this expected growth during the forecasted period, such as increasing acceptance of IVUS in coronary procedures, heightened understanding of the importance of early detection and cardiac disease treatment, the creation of advanced IVUS catheters, and an overall surge in research and development activities within the medical imaging field. The prevalence of diabetes is also on the rise, another contributing factor. Predicted trends within this forecasted time frame include further adoption of IVUS technology, incorporation of AI and machine learning algorithms, miniaturization and portability of IVUS devices, the use of 3D IVUS imaging to enhance visualization, advancements in image resolution, and the use of real time feedback systems.

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How Are Market Trends and Innovations Revolutionizing theIntravascular Ultrasound Industry in Recent Times?

Major firms in the intravascular ultrasound market are concentrating on technological advancements, particularly with sonic lumen tomography (SLT) technology. This is aimed at enhancing diagnostic capacity, aiding more precise decision-making in cardiovascular procedures and ultimately improving patient results. SLT technology boosts the visibility of blood vessels by supplying detailed cross-sectional images of the blood vessel’s lumen and the vessel walls. For example, in May 2024, the US medical equipment manufacturer Provisio Medical Inc. rolled out the Provisio SLT Intravascular ultrasound (IVUS) system. The system comprises the SLT IVUS P1 system and the SLT IVUS support crossing catheter. Provisio improves the gathering and presentation of vessel sizing data by employing Sonic Lumen Tomography technology in top-line support crossing catheters. This approach cuts down data collection time, decreases the utilization of contrast media, and lowers radiation exposure without impinging on the physician’s workflow.

Which Key Market Players Are Shaping the Future and Growth of theIntravascular 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.

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What Are the Core Segments of the Intravascular Ultrasound Market, and How Do They Contribute to Growth?

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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What Regions Are Dominating the Intravascular Ultrasound Market Growth?

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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