What is Vascular Imaging Market?
Vascular imaging is a technique for imaging vascular tissues in order to diagnose different cardiovascular disorders. Ultrasound is primarily used to measure blood flow, blood pressure, circulation, and oxygen levels in the blood in veins and arteries. Computerized tomography angiography, fluoroscopy (moving X-ray images using contrast dye), and magnetic resonance imaging are some of the other methods used in vascular imaging. Increased demand for minimally invasive diagnosis and treatment due to the aging population, technical advances in vascular imaging devices, and an increase in the prevalence of cardiovascular disease are boosting the growth of the market. The high cost of vascular imaging equipment, on the other hand, and the availability of traditional treatment options limit market development. Emerging markets and an increase in the number of diagnostic imaging centers are two areas where the demand will expand.
The market study is being classified, by Application (Diagnostic and Therapeutic) and major geographies with country level break-up.
GE Healthcare (United Kingdom), Siemens Healthineers (Germany), Toshiba Medical Systems Corporation (Japan), Hitachi Medical Corporation (Japan), Shimadzu Corp. (Japan), Samsung Medison (South Korea), St. Jude Medical, Inc. (United States), TERUMO Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Fujifilm SonoSite (Japan), Hologic, Inc. (United States), Esaote SpA (Italy), Carestream Health, Inc. (United States), Konica Minolta (Japan), Alpinion Medical Systems (South Korea), CorVascular Diagnostics LLC (United States) and Pie Medical Imaging (Netherlands) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are LumedX Healthcare Technologies (United States), Evena Medical, Inc. (United States), Xograph Healthcare (United Kingdom), Mindray Medical International Ltd. (China), Novadaq Technologies Inc. (Canada), Omega Medical Imaging LLC. (United States), Piur imaging GmbH (Austria) and BK Ultrasound (United States).
The vascular imaging market is characterized by a high level of competition. Currently, key players are in the industry are looking to enhance their existing range of products by making them more sustainable & safer and at the same time expand their consumer base across various new regions as well as in the operational regions. Significant mergers & acquisitions have happened in recent years thus indicating the growth potential of the market realized by the industry leaders. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Vascular Imaging market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Vascular Imaging market by Type, Application and Region.
On the basis of geography, the market of Vascular Imaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Prevalence of CVDs across the Globe
- Rising Geriatric Population
Market Trend
- Technological Advancements in the Vascular Imaging System
Restraints
- Availability of Conventional Treatment Alternatives
- The High Cost of Treatment
Opportunities
- Growth of Diagnostic Imaging Centers
- Rising Adoption of Refurbished Vascular Imaging Systems
Challenges
- Shortage of Medical Physicists
- Stringent Regulatory Requirements and Compliances
Market Leaders and some development strategies
In Feb 2021, RapidAI announced record-shattering 2020 milestones for the company and industry, as well as an expansion of its scope into the larger vascular market., and In Feb 2019, Royal Philips announced the launch of the EPIQ Elite ultrasound system, a new premium ultrasound that combines the latest advances in transducer innovation and enhanced performance to improve clinical confidence and the patient experience.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Vascular Imaging System Providers, Government Regulatory and Research Organizations and End-Use Industry