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Intravascular Ultrasound Imaging System Market Revenue Opportunies By Key Vendors Philips Volcano, Boston Scientific Corporation, GE Healthcare, Siemens Healthineers, Infraredx, Medtronic plc

09-24-2018 10:29 AM CET | Health & Medicine

Press release from: Coherent Market Insights Biotechnology

Intravascular-Ultrasound-Imaging-System-Market

Intravascular-Ultrasound-Imaging-System-Market

Intravascular ultrasound imaging system (IVUS) is a catheter-based imaging technique, which allows visualization and assessment of the morphological properties of blood vessels and heart. It provides observation of the real-time aortic diameter assessment. This technique is especially useful when other techniques such as computed tomography and angiography does not provide adequate imaging details. Intravascular ultrasound imaging is performed by directly cannulating a miniature catheter into the arteries (mostly into coronary artery) to check plaque inside artery that results in coronary artery disease. Intravascular ultrasound system has been increasingly used for clinical investigation purposes such as in guiding the placement of stent or evaluation of therapy strategies and the follow-up examinations in heart transplant recipients.

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Intravascular Ultrasound System Market - Market Dynamics

Increasing incidence of cardiovascular diseases is one of the significant factors driving growth of the intravascular ultrasound system market. Atherosclerosis is a condition in which narrowing of the arteries leads to ischemia of the heart, which is a main consequence of cardiovascular disease. Atherosclerosis leads to myocardial infarction (heart attack) if it is left untreated. Plaque is considered to be the main determinant of luminal narrowing in atherosclerosis. Examination of plaque can be done using intravascular ultrasound system market. According to the World Health Organization (WHO) factsheet in 2017, globally 17.7 million people die due to cardiovascular diseases (CVDs) annually, which accounts for around 31% of all deaths worldwide. 80% of all CVD deaths are due to heart attacks and strokes. This can be prevented if these disease are diagnosed on time with the help of different approaches including intravascular ultrasound system.

Key players are launching new products in the global intravascular ultrasound system market to provide better visualization of arteries. This is expected to expand the overall market of intravascular ultrasound system. For instance, in August 2018, Infraredx Inc. launched the Makoto intravascular imaging system, and Dualpro intravascular ultrasound and near-infrared spectroscopy catheter in Japan. According to Infraredx, Makoto intravascular imaging system and Dualpro catheter is the only technology in the market, which identifies vessel structure and plaque composition using IVUS+NIRS.
However, the image quality of standard-definition intravascular ultrasound can make identification of structures challenging. The thin fibrous cap thickness cannot be visualized using this imaging technique and it becomes difficult to characterize plaque composition. Physician who utilize this system needs expertise to examine the image and diagnose presence of abnormality if any. These factors are expected to limit the adoption of the intravascular ultrasound system, thereby hindering growth of the market.

Furthermore, cost of the imaging technique and lack of uniform reimbursement policy for IVUS are factors restraining growth of the market.

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Key players operating in the global intravascular ultrasound system market include Philips Volcano, Boston Scientific Corporation, GE Healthcare, Siemens Healthineers, Infraredx, Medtronic plc, Samsung Madison, Silicon Valley Medical Instruments, and Abbott Healthcare.

Intravascular Ultrasound System Market - Taxonomy
On the basis of product, the global intravascular ultrasound system market is segmented into:
• IVUS Consoles
• IVUS Catheter
• Accessories
On the basis of end users, the global intravascular ultrasound system market is segmented into:
• Hospitals
• Ambulatory Care Centers
• Others
On the basis of geography, the global intravascular ultrasound system market is segmented into:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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