About Intravascular Ultrasound
In Intravascular Ultrasound (IVUS) When a transducer or a probe is placed into blood vessels, it produces sound waves that create images of the blood vessels. The ultrasonic wand is attached to the top of a thin tube which is called a catheter which produces ultrasound. The catheter is inserted into an artery and moved towards the heart in case of cardiovascular ultrasound. Intravascular Ultrasound can provide important information like the amount and type of plaque build-up which is helpful in determining if a patient is at heart’s risk. Intravascular Ultrasound unlike ionizing radiation does not have harmful effects and can provide clear pictures of soft tissues which are difficult to see on x-ray images. Intravascular Ultrasound requires little or no special preparation but if the patient is already suffering from any condition then the doctor would have to take precautions. With an increasing number of patients suffering from heart and vascular diseases, the demand for Intravascular Ultrasound is increasing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 202 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 5.0% |
With an increasing number of heart-related conditions due to a sedentary lifestyle, the demand for Intravascular Ultrasound is increasing. The market is primarily based in North America. Players in this market require high expertise to operate. Constant innovation is required to stay competitive in this field and after-sales service is also a key point. Signing contracts with clinics and health care providers is the key thing to keep increasing revenues in this market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Axle International (Hong Kong), Boston Scientific Corporation (United States), Infraredx, Inc. (United States), Phillips (Netherlands), Terumo Corporation (Japan), Siemens Healthineers AG (Germany), Conavi Medical Inc. (Canada), ACIST Medical Systems (United States), Clarius Mobile Health (Canada) and Infraredx (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Intravascular Ultrasound market by Type (Consoles and Accessories), Application (IVUS Coronary Diagnostic, IVUS Coronary Intervention, IVUS Coronary Research, SFA Popliteal Diagnosis, Tibial Diagnosis, Renal diagnosis and Other) and Region.
On the basis of Type, Catheters are dominating the market in the year 202On the basis of application, Hospitals segment is dominating the market in the year 202On the basis of geography, the market of Intravascular Ultrasound 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). North America region held largest market share in the year 202. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Intravascular Ultrasound market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Accessories , the sub-segment i.e. Catheters will boost the Intravascular Ultrasound market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. IVUS Consoles will boost the Intravascular Ultrasound market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Intravascular Ultrasound market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Intravascular Ultrasound as An Alternative to Ionizing Radiation and Rising demand for effective diagnostic cardiovascular imaging techniques
Market Growth Drivers:
Need to Determine the Amount of Plaque in Arteries and Rising Intravascular Diseases Among People
Challenges:
In A Rare Care, Patient May Suffer A Heart Attack or A Stroke
Restraints:
During the Procedure of Intravascular Ultrasound, The Patient May Suffer Allergic Reaction To Medications
Opportunities:
Increasing Demand of Intravascular Ultrasound Due to Minimal Risk Exposure It Offers and Growing Demand from Intravascular Ultrasound from Heart Specialist Hospitals
Market Leaders and their expansionary development strategies
In May 2023, Boston Scientific Corporation announced collaborations with Philips Healthcare and Siemens Medical Solutions to enable the use of its iLab Ultrasound Imaging System with the Philips Allura Xper and the Siemens AXIOM Artis and Artis zee interventional X-ray systems. Intravascular ultrasound (IVUS) technology is designed to provide physicians a 360-degree view inside the heart and coronary vessels to assist with diagnosis and to generate a more accurate image of the diseased vessels than is possible with angiography alone.
In March 2021, FDA announced a recall of certain lots of ACIST Kodama Intravascular Ultrasound Catheter due to the possibility of the risk of broken O-ring pieces flushing into arteries during their use. The ACIST Kodama Intravascular Ultrasound Catheter (HD-IVUS uses ultrasound to view the inside of an artery. If there is damage then O-ring might break free and flush into the patient’s artery during use which can cause harm including vessel blockage.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Intravascular Ultrasound Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.