Intravascular Ultrasound Market Is Expected To Reach $3.53 Billion By 2025:Grand View Research, Inc.

Intravascular Ultrasound Market Is Expected To Reach $3.53 Billion By 2025:Grand View Research, Inc.

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According to a report published by Grand View Research, Increase in R&D activities, along with rising in the prevalence of chronic diseases, is anticipated to boost Intravascular Ultrasound market growth.

According to a report, “Intravascular Ultrasound (IVUS) Market Size, Share & Trends Analysis Report By Modality, By Product (Consoles, Accessories), By End-Use (Hospitals, Diagnostic Centers), And Segment Forecasts, 2018 – 2025“, published by Grand View Research, Inc., The global intravascular ultrasound (IVUS) market size is expected to reach USD 3.53 billion by 2025 at a 7.6% CAGR during the forecast period. Rising investments in the medtech industry, increasing R&D activities, and surge in product launches are key factors driving the market. 

Key Takeaways from the report:

  • The intravascular ultrasound market was valued at USD 1.98 billion in 2017 and is expected to grow lucratively over the forecast period

  • By product, the accessories segment is anticipated to grow at the fastest rate over the forecast period. It is also the largest product segment

  • On the basis of end use, the diagnostic centers segment is anticipated to register the fastest growth over the forecast period, owing to increasing establishments of standalone diagnostic centers

  • Asia Pacific is expected to exhibit the highest CAGR of 9.1% over the forecast period owing to improved healthcare infrastructure, rising disposable income, and investments from global market players.

China intravascular ultrasound market size, by product, 2014 - 2025 (USD Million)

 

 

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Global intravascular ultrasound market share, by end use, 2017, (%)

 

Emerging economies have been offering new investment avenues to global market players. Developing healthcare infrastructure and increasing patient pool are driving demand for advanced medical devices in these countries.

Point of contact (POC) ultrasound is used for diagnostic procedures generally involving portable ultrasound devices. It is relatively cheaper and can be widely used in patient care. IVUS ultrasound is one such device, which is smaller and can be used to detect abnormalities in the vascular system.

Some of the key players in this market are Koninklijke Philips N.V.; GE Healthcare; Hitachi, Ltd., Fujifilm Medical Systems; Boston Scientific Corporation; Siemens Healthineers; and Canon Medical Systems Corporation.In June 2017, GE Healthcare and Heartflow announced a partnership for the diagnosis and treatment of coronary artery disease.

Grand View Research has segmented the global IVUS market on the basis of modality, product, end use, and region:

Intravascular Ultrasound Modality Outlook (Revenue, USD Million, 2014 – 2025)

  • Virtual Histology IVUS

  • iMap IVUS

  • Integrated Backscatter IVUS

Intravascular Ultrasound Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Consoles

  • Accessories

    • Catheters

    • Guidewires

    • Others

Intravascular Ultrasound End-use Outlook (Revenue, USD Million, 2014 – 2025)

  • Hospital

  • Diagnostic Centers

  • Academic and Research Institutes

Intravascular Ultrasound Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

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About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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