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How Does the Projected Growth of the Vascular Imaging Market Compare Over the Forecast Period?

The market size of vascular imaging has been expanding robustly over the past years. It is projected to rise from $6.31 billion in 2024 to reach $6.73 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. The historical growth rate can be credited to continuous enhancements in imaging technologies, an escalated global aging population, an upward trend in cardiovascular diseases, augmented governmental funding and schemes for healthcare infrastructure, and an increase in consciousness and early prognosis.

Anticipated to witness robust expansion in the upcoming years, the market size for vascular imaging is projected to reach $8.61 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.4%. This predicted increase during the forecast period is due to a rise in awareness and customary screening plans, a preference for non-invasive and barely invasive imaging methods, an uptick in medical tourism, supportive reimbursement strategies related to vascular imaging procedures, and the growing incidence of vascular disorders linked to aging. Key trends for the forecast period feature developments in three-dimensional (3D) and four-dimensional (4D) imaging technologies, the creation and acceptance of hybrid imaging systems, enhancements in imaging resolution and sharpness, advanced intravascular imaging technologies, telemedicine, and distance imaging.

Which Factors Are Enhancing the Growth of the Vascular Imaging Market?

The vascular imaging market is set to expand due to the rising instances of hypertension. Characterized by a continuously high pressure of blood against artery walls, hypertension can lead to severe health issues like heart disease and stroke. The upsurge in hypertension is attributed to lifestyle factors such as an unhealthy diet, inadequate physical activity, stress, an increase in obesity rates, and growing aging populations. Vascular imaging plays a pivotal role in hypertension by evaluating vascular structure and function, assisting in the diagnosis and management of fundamental vascular abnormalities that induce high blood pressure. For example, in March 2024, the Centers for Disease Control and Prevention, a US-based national public health body, noted a higher prevalence of hypertension among men (33.2%) than women (27.0%), among adults aged 65 years and above (60.6%), compared to those aged 18–44 years (14.5%) and 45–64 years (40.3%). They also noted a higher occurrence in black adults (40.2%) than Asian adults (22.7%), and among individuals with less than a high school education (33.8%), compared to those with some college (31.2%) or a college degree or higher education (25.5%). Thus, the rise in hypertension incidences is propelling the vascular imaging market’s growth.

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Who Are the Key Players Steering the Development of the Vascular Imaging Market?

Major companies operating in the vascular imaging market are:

• Hitachi Ltd.

• Siemens AG

• General Electric Company

• Abbott Laboratories

• Toshiba Corporation

How Are Consumer Trends Shaping the Current and Future Landscape of the Vascular Imaging Market?

Leading corporations in the vascular imaging market are concentrating on the creation of groundbreaking solutions like wireless ultrasound imaging systems to bolster diagnostic proficiency and augment patient attention. Wireless ultrasound imaging systems are portable ultrasound devices that relay imaging data wirelessly, facilitating increased adaptability and movement within medical environments. For example, in August 2023, GE HealthCare Technologies Inc., a medical technology firm based in the US, unveiled Vscan Air SL. This handheld, wireless ultrasound imaging system is specifically designed for rapid cardiac and vascular assessments at the point-of-care, helping medical practitioners accelerate diagnosis and develop treatment plans. As an advanced version of the Vscan series, Vscan Air SL blends GE Healthcare’s SignalMax and XDclear technology, offering outstanding imaging quality highlighted by its high penetration, resolution, and sensitivity, which are empowered by its state-of-the-art single-crystal transducer technology.

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What Are the Major Categories and Their Growth Dynamics in the Vascular Imaging Market?

The vascular imaging market covered in this report is segmented –

1) By Technique: Magnetic Resonance Imaging, Ultrasound, Computed Tomography, Nuclear Imaging, X-Ray

2) By Procedure: Coronary Angiography, Peripheral Angiography, Neurovascular Angiography, Vascular Ultrasound Procedures, Micro Angiography, Other Procedures

3) By Application: Diagnostic Applications, Therapeutic Applications

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

Subsegments:

1) By Magnetic Resonance Imaging: Magnetic Resonance Angiography (MRA), Contrast-Enhanced MRI, 3D MRI Imaging For Vascular Analysis

2) By Ultrasound: Doppler Ultrasound, Color Doppler Ultrasound, 3D Or 4D Ultrasound Imaging, Elastography For Vascular Imaging

3) By Computed Tomography: Computed Tomography Angiography (CTA), Contrast-Enhanced CT Imaging, 3D CT Vascular Imaging

4) By Nuclear Imaging: Positron Emission Tomography (PET), Single-Photon Emission Computed Tomography (SPECT), Hybrid Imaging (PET Or CT, PET Or MRI)

5) By X-Ray: Conventional X-Ray, Digital Subtraction Angiography (DSA), Fluoroscopy For Vascular Imaging

Which Geographical Regions Are Shaping the Vascular Imaging Market Growth?

North America was the largest region in the vascular imaging market in 2023. The regions covered in the vascular imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Key Characteristics That Define the Vascular Imaging Market?

Vascular imaging refers to the use of various imaging techniques and technologies to visualize and assess the blood vessels within the human body. These techniques are crucial for diagnosing and monitoring vascular conditions such as arterial and venous diseases, aneurysms, and blockages. They are essential for diagnosing and managing vascular diseases effectively.

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