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Structural Heart Imaging (SHI) Market, Size, Growth, Market Overview, Competitive Analysis, Key Players Industry and Forecast To 2033
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AI Enhancing Structural Heart Imaging
The integration of artificial intelligence (AI) in cardiovascular imaging is driving efficiency and precision, enhancing the ability to make accurate diagnoses while reducing overall healthcare costs. AI helps in capturing clearer images, improving diagnostic speed, and providing valuable insights into patient conditions. By combining AI with big data from electronic health records and pathology, cardiovascular imaging can offer higher accuracy, leading to more personalized treatment plans and better patient outcomes.
New Developments in Technology
In May 2024, iHridAI introduced HarmonyCVI, an AI-powered tool designed to assist radiologists and cardiologists in analyzing cardiac MRI scans more efficiently. The tool provides quick diagnostics and insights, aiming to streamline cardiovascular evaluations.
At the European Congress of Radiology (ECR) in March 2024, Philips Healthcare unveiled an advanced computed tomography (CT) system aimed at the growing cardiac coronary CT angiography (CCTA) sector. This new CT system utilizes a revolutionary detector and AI techniques to improve image reconstruction, making it an essential tool for diagnosing heart conditions.
Market Drivers: Improved Accuracy and Resolution
The demand for higher resolution and accuracy in structural cardiac imaging is one of the major drivers for market growth. Clearer imaging is critical for early detection of heart conditions, better treatment planning, and precise positioning of medical devices during procedures. In August 2023, Siemens Healthineers launched the Acuson Origin1, an advanced cardiovascular ultrasound system featuring AI technology. The device aims to enhance image quality, reduce treatment times, and improve overall patient care by enabling faster diagnoses and supporting real-time decision-making.
Challenges: Safety Concerns and High Costs
Despite the significant advancements in SHI technology, several challenges still hinder market expansion. Safety concerns, particularly related to radiation exposure, are a major barrier. Frequent or prolonged exposure to radiation can be harmful, and there is a need for stringent safety protocols to protect healthcare professionals. Additionally, specialized training is required for the effective use of advanced imaging techniques, which may be limited in some regions.
Moreover, the high costs of state-of-the-art imaging equipment and the limited healthcare infrastructure in lower-income countries are slowing the adoption of these technologies. Addressing these issues will be crucial for driving further growth in the SHI market.
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Segment Insights: Angiogram Modality Leading the Market
In terms of modality, the angiogram segment is currently the largest contributor to the SHI market. This category includes various imaging methods such as echocardiograms, CT scans, MRI, and nuclear imaging. Angiograms, particularly those utilizing CT and MRI, are crucial for diagnosing cardiovascular diseases and assessing blood flow. MRI, for example, plays an essential role in the anatomical and functional evaluation of heart diseases.
Recent advancements in MRI technology, including 4D flow MRI, have significantly improved the accuracy and speed of imaging. This technology captures detailed blood flow data, aiding in a more comprehensive evaluation of heart conditions. With further enhancements in imaging acceleration and software post-processing, 4D flow MRI is set to become a standard tool in the diagnosis and treatment of both congenital and acquired heart diseases.
Structural Heart Imaging (SHI) Market Top Companies and Competitive Landscape
As the need for sophisticated diagnostic instruments to aid in the treatment of heart valve disorders, congenital heart defects, and other structural heart ailments increases, the market for structural heart imaging (HSI) is growing. The structure and function of the heart can be accurately visualised and assessed thanks to HSI technologies like echocardiography, MRI, and CT imaging.
With an emphasis on advancements in 3D imaging, AI-assisted diagnostics, and less invasive procedures, major players, including GE Healthcare, Philips, Siemens Healthineers, and Canon Medical Systems, dominate the market.
In order to improve patient outcomes, the competitive environment places a strong emphasis on developments in imaging resolution, real-time monitoring, and integration with surgical and therapy platforms.
In October 2023, GE Healthcare unveiled its upgraded venue family point-of-care ultrasound system, which includes features such as AI-driven caption guiding. This system enables the surgeon to conduct a heart assessment while being guided in real-time.
Some of the key companies in the global Structural Heart Imaging (SHI) market include:
GE Healthcare
Siemens Healthineers AG
Koninklijke Philips N.V
Canon Medical System, USA
Boston Scientific corporation
Medtronic
Edwards Lifesciences Corporation
Bracco
FUJIFILM Holdings Corporations
Hitachi, Ltd
Structural Heart Imaging (SHI) Market Latest Industry Updates
In August 2023, The Alphe Cnix/Evolve Edition, a new angiography system from Canon Medical, will be available for purchase in Asian, African, and European nations.
In May 2022, Philips released the latest version of its image-guided therapeutic solution for structural heart disease, EchoNavigator 4.0. With this version, users of Philips' EPIQ CVXi interventional cardiology ultrasound equipment can handle live fusion imaging on the Azurion platform, the company's image-guided therapy system.
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The main report offers detailed historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each of the segments from 2020 to 2033:
Structural Heart Imaging (SHI) Market Segmentation Analysis
Modality Outlook (Revenue, USD Billion; 2020-2033)
Echocardiogram
Angiogram
CT
MRI
Nuclear Imaging
Others
Procedure Outlook (Revenue, USD Billion; 2020-2033)
Transcatheter Aortic Valve Replacement (TAVR)
Surgical Aortic Valve Replacement (SAVR)
Transcatheter Mitral Valve Repair (TMVR)
Left Atrial Appendage Closure (LAAC)
Annuloplasty
Valvuloplasty
Others
End Use Outlook (Revenue, USD Billion; 2020-2033)
Hospitals & Clinics
Ambulatory Surgical Centers
Diagnostic Imaging Centers
Others
Regional Outlook (Revenue, USD Billion; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Structural Heart Imaging (SHI) Market Size @https://www.emergenresearch.com/industry-report/structural-heart-imaging-market/market-size
Structural Heart Imaging (SHI) Market Share @https://www.emergenresearch.com/industry-report/structural-heart-imaging-market/market-share
Structural Heart Imaging (SHI) Market Trends @https://www.emergenresearch.com/industry-report/structural-heart-imaging-market/market-trends
Structural Heart Imaging (SHI) Regional Market Demand @https://www.emergenresearch.com/industry-report/structural-heart-imaging-market/regional-market-demand
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