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How Fast Is The Intravascular Ultrasound Market Expected to Grow Between 2025 And 2029?

The market size for intravascular ultrasound has been expanding robustly in the preceding years. An impressive growth from $2.49 billion in 2024 to an expected $2.71 billion in 2025 is predicted, displaying a compound annual growth rate (CAGR) of 9.2%. Factors such as the rising incidence of cardiovascular diseases, the increasing popularity of minimally invasive medical procedures, an aging society, advancement in healthcare infrastructures, and the escalation in healthcare spending can be credited for the considerable growth during the historical phase.

What Growth Rate Is Anticipated for the Intravascular Ultrasound Market in the Coming Years?

The market size of intravascular ultrasound is expected to experience robust growth in the upcoming years, rising to $3.83 billion in 2029 with a compound annual growth rate (CAGR) of 9.0%. The anticipated growth for the forecast period can be attributed to several factors. Among these are an increasing adoption of IVUS in heart treatments, growing public awareness for early detection and treatment of cardiovascular diseases, technological advancements in IVUS catheters, and a significant increase in research and development activities in medical imaging due to the rising prevalence of diabetes. Noteworthy trends in the forecast period include the adoption of IVUS technology, the use of AI and machine learning algorithms, the development of compact and portable IVUS devices, improved visualization through 3D IVUS imaging, enhanced image resolution, and the application of real-time feedback systems.

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Who Are the Leading Companies in 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 Are the Key Drivers of the Intravascular Ultrasound Market?

The escalating incidence of cardiovascular diseases (CVDs) is forecasted to boost the expansion of the intravascular ultrasound market in the future. Cardiovascular diseases (CVDs) encompass a range of conditions that impact the heart and blood vessels. An unhealthy lifestyle characterized by insufficient physical exercise, poor diet, smoking, chronic stress, and excessive alcohol intake is escalating the prevalence of cardiovascular diseases (CVDs). Intravascular Ultrasound (IVUS) has proven to be an invaluable diagnostic resource for dealing with cardiovascular diseases (CVDs). It offers in-depth images and data about the internals of blood vessels, especially coronary arteries. This significantly improves the ability to diagnose, treat, and manage various cardiovascular ailments. For example, in September 2024, data provided by the British Heart Foundation, a cardiovascular research charity based in the UK, revealed that around 7.6 million people suffer from heart and circulatory diseases in the UK, including approximately 4 million men and 3.6 million women. These disorders result in about 27% of all deaths in the UK, amounting to more than 170,000 deaths a year, or nearly 480 deaths a day, which translates to one death every three minutes. Consequently, the increasing incidence of cardiovascular diseases (CVDs) is fuelling the expansion of the intravascular ultrasound market.

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What Are the Key Market Segments in the Intravascular Ultrasound Industry?

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

What Are the Latest Trends in the Intravascular Ultrasound Market?

Prominent firms involved in the intravascular ultrasound industry concentrate on advancements in Sonic Lumen Tomography (SLT) technology to strengthen diagnostic abilities, aid superior clinical decisions in cardiovascular procedures, and ultimately, improve patient health outcomes. SLT technology refines the picturization of blood vessels by presenting high-definition, cross-sectional displays of the lumen (the inner space of a blood vessel) and the vessel walls. For instance, in May 2024, Provisio Medical Inc., a US-based company specializing in medical equipment production, introduced its Provisio SLT Intravascular Ultrasound (IVUS) system. The Provisio SLT IVUS System integrates the SLT IVUS P1 system and the SLT IVUS support crossing catheter. Provisio enhances vessel sizing data collection and display by incorporating Sonic Lumen Tomography technology in frontline support crossing catheters. This solution diminishes data collection timelines, lowers the usage of contrasting agents, and minimizes radiation exposure without causing interruptions to the physician’s practice.

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What Are the Key Regional Markets in the Intravascular Ultrasound Industry?

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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This Report Delivers Insight On:

1. How big is the intravascular ultrasound market, and how is it changing globally?

2. Who are the major companies in the intravascular ultrasound market, and how are they performing?

3. What are the key opportunities and risks in the intravascular ultrasound market right now?

4. Which products or customer segments are growing the most in the intravascular ultrasound market?

5. What factors are helping or slowing down the growth of the intravascular ultrasound market?

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