The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Intravascular Ultrasound Global Market Report 2024, the intravascular ultrasound market is expected to show promising growth in the forecast period.

The intravascular ultrasound (IVUS) market has shown robust growth in recent years. In 2023, it was valued at $2.28 billion and is expected to reach $2.49 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.9%. Key drivers for this growth include:

• Increasing prevalence of cardiovascular diseases (CVDs)
• Rising demand for minimally invasive procedures
• Growing geriatric population
• Expansion of healthcare infrastructure
• Increasing healthcare expenditure

Future Growth of the Intravascular Ultrasound Market

The market is expected to maintain strong growth, projected to reach $3.52 billion by 2028 at a CAGR of 9.1%. Contributing factors include:

• Increased adoption of IVUS in coronary interventions
• Rising awareness of early diagnosis and treatment of heart diseases
• Development of high-definition IVUS catheters
• Growth in research and development activities in medical imaging
• Higher prevalence of diabetes, which increases cardiovascular risks

View More On The Intravascular Ultrasound Market Report 2024 – https://www.thebusinessresearchcompany.com/report/intravascular-ultrasound-global-market-report

Trends Shaping the Future of IVUS Technology

Several key trends are expected to influence the market during the forecast period:

• Growing use of AI and machine learning algorithms for more accurate diagnoses
• Development of portable and miniaturized IVUS devices
• Implementation of 3D IVUS imaging for enhanced visualization of blood vessels
• Real-time feedback systems and advancements in image resolution to improve diagnostic accuracy

Rising Cardiovascular Disease Prevalence Driving Market Expansion

The increasing prevalence of cardiovascular diseases (CVDs) is a major factor propelling the growth of the IVUS market. Key contributing factors to the rise in CVD cases include:

• Lack of physical activity
• Unhealthy diet, smoking, and alcohol consumption
• Chronic stress

IVUS plays a critical role in diagnosing and managing CVDs by providing detailed images of blood vessels, particularly coronary arteries. For example, in the UK, deaths from coronary heart disease rose from 64,170 in 2020 to 65,579 in 2021, highlighting the growing need for advanced diagnostic tools like IVUS.

Key Players in the Intravascular Ultrasound Market

Several prominent companies are driving innovation and competition in the IVUS market, including:

• Abbott Laboratories
• Medtronic plc
• Siemens Healthcare GmbH
• GE Healthcare Technologies Inc.
• Boston Scientific Corporation These companies are investing heavily in R&D, with a focus on technological advancements that improve patient outcomes.

Technological Advancements in Intravascular Ultrasound

Technological innovation is a major trend in the IVUS market. Companies are focusing on enhancing diagnostic capabilities through advanced tools like Sonic Lumen Tomography (SLT). SLT technology provides high-resolution, cross-sectional images of blood vessels, aiding in better decision-making during cardiovascular procedures. For example, Provisio Medical Inc. launched its Provisio SLT IVUS system in May 2024, improving data acquisition while reducing contrast media use and radiation exposure.

Mergers and Acquisitions Expanding Market Reach

Mergers and acquisitions are further driving growth in the IVUS market. In March 2024, Titan Medical Inc. merged with Conavi Medical to create a leading company specializing in hybrid intravascular imaging. This merger will combine resources and expertise, aiming to accelerate commercialization and global deployment of advanced imaging technologies.

Regional Outlook for the IVUS Market

In 2023, North America dominated the intravascular ultrasound market, driven by high healthcare spending and advanced medical infrastructure. However, the Asia-Pacific region is expected to experience the fastest growth in the coming years, owing to increasing healthcare investments and expanding access to advanced medical technologies.

The intravascular ultrasound market is poised for significant growth, driven by technological advancements, rising CVD cases, and increased global demand for minimally invasive diagnostic tools.

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