Intravascular Ultrasound (IVUS) Devices Market to Surpass Valuation of US$ 1.2 BN By 2031 | Expand at a CAGR of ~7%

According to the report, the global intravascular ultrasound (IVUS) devices market was valued at ~US$ 600 Mn in 2020. It is projected to expand at a CAGR of ~7% from 2021 to 2031. IVUS devices are used to assess vessel/lumen diameter and lesion length. It helps to determine the amount of plaque buildup in a vessel and its composition. It is further used to ensure that stents have been properly placed and fully deployed. Rise in the need of IVUS procedures during PCI procedures and increase in the adoption of IVUS systems in hospitals and diagnostic centers are key factors that are likely to drive the global intravascular ultrasound (IVUS) devices market during the forecast period.

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North America held a major share of the global intravascular ultrasound (IVUS) devices market in 2020, owing to the availability of skilled doctors, well-established healthcare facilities, and high healthcare expenditure. The intravascular ultrasound (IVUS) devices market in Asia Pacific is projected to expand at a notable CAGR of 8.5% from 2021 to 2031, owing to a surge in patient pool and rise in adoption of technologically advanced diagnostic equipment.

Intravascular Ultrasound (IVUS) Devices Market: Key Segments
In terms of product, the global intravascular ultrasound (IVUS) devices market has been classified into IVUS consoles and IVUS catheters. The IVUS consoles segment has been further sub-segmented into integrated system and cart system. The IVUS catheters segment has been further segregated into IVUS transducers and IVUS accessories.
Based on application, the global intravascular ultrasound (IVUS) devices market has been split into coronary diagnosis, coronary intervention, coronary research, and non-coronary/peripheral applications. The coronary intervention segment accounted for a major share of the global market in 2020, as IVUS guidance during coronary intervention significantly lowers the risk of major adverse cardiovascular events (MACE).
In terms of end user, the global intravascular ultrasound (IVUS) devices market has been divided into hospitals, specialty clinics, ambulatory surgical centers, diagnostic laboratories, and research institutes. The specialty clinics segment is expected to expand at a high CAGR from 2021 to 2031. Increase in capacity building efforts and adoption of IVUS systems in the specialty clinics industry are likely to fuel the segment during the forecast period.
Market size and forecast for each of these segments have been provided from 2017 to 2031. The CAGR of respective segment has also been provided from 2021 to 2031, considering 2020 as the base year.

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The report has been prepared after primary and secondary researches. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global intravascular ultrasound (IVUS) devices market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomenon in the global intravascular ultrasound (IVUS) devices market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global intravascular ultrasound (IVUS) devices market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global intravascular ultrasound (IVUS) devices market.

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The report delves into the competitive landscape of the global intravascular ultrasound (IVUS) devices market. Key players operating in the global intravascular ultrasound (IVUS) devices market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global intravascular ultrasound (IVUS) devices market that have been profiled in this report.

Key Questions Answered in Intravascular Ultrasound (IVUS) Devices Market Report

What are the sales/revenue generated by intravascular ultrasound (IVUS) device manufacturers across all regions during the forecast period?
What are the key trends in the intravascular ultrasound (IVUS) devices market?
What are the major drivers, restraints, opportunities, and threats in the market?
Which region is set to expand at the fastest CAGR during the forecast period?
Which intravascular ultrasound (IVUS) devices segment will have the highest revenue globally in 2031 and which segment will grow at the highest CAGR during the forecast period?

Research Methodology

A unique methodology has been utilized by TMR to conduct comprehensive research on the growth of the global intravascular ultrasound (IVUS) devices market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary research sources referred to by analysts during the production of the global intravascular ultrasound (IVUS) devices market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the intravascular ultrasound (IVUS) devices market as primary methods.

These primary research respondents have provided exclusive information during interviews, which serves as a validation from the intravascular ultrasound (IVUS) devices market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global intravascular ultrasound (IVUS) devices market with accuracy. The study also uses the top-down approach to assess the revenue of each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global intravascular ultrasound (IVUS) devices more reliably and accurately.

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Keywords

Intravascular Ultrasound [IVUS] Devices Market
Intravascular Ultrasound [IVUS] Devices Market Share
Demand for Intravascular Ultrasound [IVUS] Devices
Sales of Intravascular Ultrasound [IVUS] Devices
Intravascular Ultrasound [IVUS] Devices Sales Demand
Intravascular Ultrasound [IVUS] Devices Market Forecast
Intravascular Ultrasound [IVUS] Devices Sales Forecast
Intravascular Ultrasound [IVUS] Devices Demand forecast
US Intravascular Ultrasound [IVUS] Devices Market
Canada Intravascular Ultrasound [IVUS] Devices Market
Europe Intravascular Ultrasound [IVUS] Devices Market
Middle East Intravascular Ultrasound [IVUS] Devices market

Companies Mentioned

Axle International
Boston Scientific Corporation
Infraredx, Inc.
Koninklijke Philips N.V.
Terumo Corporation
Siemens Healthineers AG
Conavi Medical Inc.
ACIST Medical Systems

Countries Covered

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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