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How has the vascular imaging devices market size evolved in recent years?

In the past years, the market size of vascular imaging devices has observed a substantial growth. It is projected to increase from an $8 billion worth in 2024 to $8.49 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.1%. Various drivers behind the growth during this historic period are the rising occurrence of cardiovascular diseases, the increasing elderly population worldwide, elevation in diabetes and obesity levels, research undertaken in vascular diseases and their treatments, along with enhanced patient awareness and demand, and an amplified focus on cost-effectiveness and efficiency.

What are the predictions for the vascular imaging devices market size in the coming years?

In the coming years, the market size of vascular imaging devices is projected to experience robust growth. The market is predicted to enlarge at a compound annual growth rate (CAGR) of 5.7%, reaching a value of $10.59 billion by the year 2029. This growth can be ascribed to the adoption of high-resolution, quick processing speeds, and enhanced image quality, coupled with AI and machine learning algorithms. Furthermore, healthcare cost containment and reimbursement policies are also anticipated to drive the growth during the predicted period. Several trends, including advancements in image resolution, state-of-the-art angiography systems, utilization of AI algorithms, as well as the advent of 3D and 4D imaging, and integration of wireless technology, will shape the market during the forecast period.

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What key factors are fueling the growth of the vascular imaging devices market?

The rise in instances of diabetes and hypertension is predicted to stimulate the need for vascular imaging devices. Diabetes, a chronic disease where the production or the usage of insulin by the body is defective, and hypertension, an ailment characterized by unusually high blood pressure in the arteries, are being propelled by rising obesity rates, sedentary lifestyles, unhealthy eating habits, and an aging population. Vascular imaging devices aid in diagnosis and monitoring of diabetes and hypertension by providing detailed images of blood vessels. This significantly contributes to evaluating the impacts of these diseases and regulating their treatment. For example, a study published by the American College of Cardiology in August 2022 pointed out that all four cardiovascular risk factors are projected to increase among the U.S. population between 2025 and 2060, with diabetes experiencing the greatest rise (39.3% to 55 million). This is followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity(18.3% to 126 million). Therefore, the escalating incidences of diabetes and hypertension are fueling the expansion of the vascular imaging device market.

How is the global vascular imaging devices market divided into key segments?

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

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Which leading companies are shaping the growth of 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, Koninklijke Philips N.V., GE Healthcare Technologies Inc., B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Shimadzu Corporation, Teleflex Incorporated, Bracco Group, Carestream Health Inc., Hitachi Medical Corporation, Canon Medical Systems Corporation, Cardiva Medical Inc., Vasorum Ltd., Morris Innovative Inc., Tecmag Inc., VueTek Scientific LLC, Christie Medical Holdings Inc., Hologic Inc., Toshiba Medical Systems Corporation

What are the key trends shaping the future of the vascular imaging devices market?

Prominent businesses in the vascular imaging devices market are concentrating their efforts on presenting solutions that employ cutting-edge technologies, including wireless handheld ultrasound devices. The goal is to increase diagnostic precision, improve patient comfort, and simplify clinical workflow. These wireless handheld ultrasound devices are miniature, transportable devices utilized for medical imaging, which transmit images without wires, doing away with the need for cables and facilitating easy and adaptable scanning. For example, GE Healthcare, a medical technology firm based in the US, unveiled the Vscan Air SL in August 2023. This device is a portable, wireless ultrasound gadget engineered for swift cardiac and vascular assessments at the point of care. The latest member of the Vscan series flaunts GE HealthCare’s SignalMax and XDclear technology, providing excellent imaging penetration, resolution, and sensitivity, bolstered by advanced single-crystal transducer technology.

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What regions are dominating the vascular imaging devices market growth?

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.

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