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What Long-Term Growth Rate is Expected for the Vascular Imaging Devices Market Between 2025 and 2034?

The market size for vascular imaging devices has seen significant expansion in the past few years. The market value is projected to escalate from $8 billion in 2024 to $8.49 billion in 2025, representing a compound annual growth rate (CAGR) of 6.1%. The pervasive increment during the historic period can be credited to factors like the augmented prevalence of cardiovascular ailments, worldwide growth in aging demographics, increased diabetes and obesity statistics, progresses in research related to vascular diseases and their treatments, burgeoning patient awareness and demand as well as amplified concentration on economical efficacy and efficiency.

The market for vascular imaging devices is set to witness considerable growth in the coming years, with projections estimating its value at $10.59 billion in 2029, expanding at a compound annual growth rate (CAGR) of 5.7%. This growth for the forthcoming period has been largely credited to advancements such as superior resolution, rapid processing capabilities, and enhanced image quality, coupled with the adoption of AI and machine learning algorithms, strategies for healthcare cost management, and reimbursement policies. Key trends expected during this forecast period include improvements in imaging resolution, cutting-edge angiography systems, the embracing of AI algorithms, 3D and 4D imaging, and the integration of wireless technology.

Which Macro and Microeconomic Factors Are Accelerating the Growth of the Vascular Imaging Devices Market?

The growing occurrence of diabetes and hypertension is forecasted to spur the need for vascular imaging instruments. Diabetes is a chronic disease where the body has a malfunction in producing or efficiently utilizing insulin. Hypertension refers to an unusually high blood pressure in the arteries. These conditions, diabetes and hypertension, are primarily driven by higher rates of obesity, sedentary lifestyle, unhealthy eating habits, and an aged demographic. Vascular imaging tools are critical for the diagnosis and monitoring of diabetes and hypertension as they provide clear visuals of blood vessels, thus enabling the evaluation of these diseases’ impact and the management of their treatment. For example, a report in August 2022 by the American College of Cardiology, a non-profit medical association based in the US, indicated that all four cardiovascular risk factors are projected to increase among the general U.S. populace from 2025 to 2060. Predictions are that diabetes will rise the most, from 39.3% to 55 million, followed by dyslipidemia, from 27.6% to 126 million, hypertension, from 25.1% to 162 million, and obesity, from 18.3% to 126 million. Consequently, the escalating prevalence of diabetes and hypertension propels growth in the vascular imaging device market.

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What Are the Key Firms That Are Driving Transformation in the Vascular Imaging Devices Market?

Major companies operating in the vascular imaging devices market are:

• Samsung Electronics Co. Ltd.

• Cardinal Health Inc.

• Abbott Laboratories

• Medtronic plc

• Siemens Healthineers AG

What Current Trends in the Vascular Imaging Devices Market Should Industry Players Pay Attention To?

Leading firms in the vascular imaging devices market are concentrating on unveiling advanced solutions like wireless handheld ultrasound devices, to refine the accuracy of diagnoses, boost patient comfort, and optimize clinical workflow. These wireless handheld ultrasound devices – small and mobile tools for medical imaging – transmit images wirelessly, getting rid of the need for cables and facilitating more convenient and adaptable scanning. For example, GE Healthcare, a prominent US-based medical technology enterprise, released Vscan Air SL in August 2023. This is a portable, wireless ultrasound gadget created for fast cardiac and vascular evaluations at the point of care. The latest addition to the Vscan series features GE Healthcare’s SignalMax and XDclear technology, providing superb imaging penetration, resolution, and sensitivity, all powered by innovative single-crystal transducer technology.

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What Major Market Segments Define the Scope and Growth of the Vascular Imaging Devices Market?

The vascular imaging devices market covered in this report is segmented –

1) By Type: Minimally Invasive, Non-Invasive

2) By Application: Diagnostics, Therapeutics

3) By End-User: Hospitals, Diagnostic Imaging Centers, Other End Users

Subsegments:

1) By Minimally Invasive: Intravascular Ultrasound (IVUS), Optical Coherence Tomography (OCT), Angiography (Including Catheter-Based Angiography)

2) By Non-Invasive: Magnetic Resonance Angiography (MRA), Computed Tomography Angiography (CTA), Doppler Ultrasound, Color Flow Duplex Ultrasound, Infrared Thermography, Photoacoustic Imaging

What Regions Are Driving Expansion in the Vascular Imaging Devices Market?

North America was the largest region in the vascular imaging devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vascular imaging devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Does the Definition of the Vascular Imaging Devices Market Include?

Vascular imaging devices are medical equipment that uses non-invasive imaging techniques to see blood vessels and circulatory systems. They utilize various technologies to provide detailed images of the vascular system. It aids in the diagnosis and treatment of cardiovascular problems.

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