Intravascular Ultrasound Market Poised for 9 % Growth, Set to Hit $3.05 Billion by 2029

How Is the Intravascular Ultrasound Market Projected to Grow, and What Is Its Market Size?
In recent times, the intravascular ultrasound market has witnessed significant growth. The market is predicted to expand from $2.49 billion in 2024 to $2.71 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.2%. The growth observed in the historical period can be linked to the higher incidence of cardiovascular diseases, an increase in minimally invasive procedures, a larger aging population, advancements in healthcare facilities, and a rise in healthcare spending.

The market size of intravascular ultrasound is predicted to experience robust expansion over the ensuing years, with an expected value of $3.83 billion by 2029, and a compound annual growth rate (CAGR) of 9.0%. This projected growth within the specified period can be ascribed to the increasing uptake of IVUS in coronary interventions, the heightened consciousness regarding timely detection and treatment of cardiac diseases, the innovation of high-definition IVUS catheters, an uptick in research and development pursuits in medical imaging, and the climbing incidence of diabetes. Foremost trends within the projection period encompass the embrace of IVUS technology, the incorporation of artificial intelligence and machine learning protocols, the creation of compact and miniaturized IVUS devices, the application of 3D IVUS imaging for enhanced visualization, advancements in image resolution and the employment of real-time feedback systems.

What Is Contributing to the Growth of the Intravascular Ultrasound Market?
The anticipated surge in the intravascular ultrasound market can be attributed to the increasing incidence of cardiovascular diseases (CVDs). CVDs comprise a variety of disorders impacting the heart and blood vessels. The surge in CVDs stems from a lack of exercise, unhealthy food habits, smoking, chronic stress, and excessive consumption of alcohol. Intravascular Ultrasound (IVUS), a vital tool for the diagnosis of CVDs, offers intricate details and information about the interiors of blood vessels, especially coronary arteries, vastly improving the diagnosis, treatment, and management of numerous cardiovascular conditions. For example, as per the data given by the British Heart Foundation in September 2024, approximately 7.6 million people in the UK suffer from heart and circulatory diseases, including 4 million men and 3.6 million women. These diseases are culpable for roughly 27% of all deaths in the UK, equating to over 170,000 deaths every year or approximately 480 deaths on a daily basis, with one person dying every three minutes. Consequently, this surge in the incidence of cardiovascular diseases (CVDs) propels the growth of the intravascular ultrasound market.

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Who Are the Major Industry Players Fueling Intravascular Ultrasound Market Expansion?
Major companies operating in the intravascular ultrasound market are Abbott Laboratories, Medtronic plc, Siemens Healthcare GmbH, Fujifilm Corporation, GE HealthCare Technologies Inc., Koninklijke Philips N.V., Boston Scientific Corporation, B. Braun Holding GmbH & Co. KG, Terumo Corporation, Fujikura Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Nipro Corporation, Shimadzu Corporation, Cook Group Incorporated, Analogic Corporation, Canon Medical Systems Corporation, ACIST Medical Systems Inc., Insightec Ltd., HeartFlow Inc., Chison Medical Technologies Co. Ltd., CIVCO Medical Instruments Co. Inc., Pie Medical Imaging BV, Conavi Medical Inc., Samsung Medison Co. Ltd., Esaote S.p.A., Sonic Concepts Inc.

Which Key Developments Are Influencing the Intravascular Ultrasound Market?
Leading firms in the intravascular ultrasound market are putting a spotlight on technological advancements using sonic lumen tomography (SLT) technology. They aim to boost diagnostic tools, make decision-making easier in cardiovascular procedures, and ultimately lead to better patient outcomes. SLT technology brings forth a sharper visualization of blood vessels by offering high-resolution, cross-sectional images of the lumen (the inner space of a blood vessel) and the vessel walls. To illustrate, Provisio Medical Inc., a medical equipment producing company in the US, introduced the Provisio SLT Intravascular ultrasound (IVUS) system in May 2024. The system comprises of the SLT IVUS P1 system and the SLT IVUS support crossing catheter. Sonic Lumen Tomography technology, as utilized by Provisio, enhances the gathering and display of vessel sizing data in support crossing catheters. This solution cuts down on data acquisition time, reduces the usage of contrast media, and minimizes radiation exposure, all without inconveniencing the physician's workflow.

How Is the Segmentation of the Intravascular Ultrasound Market Defined?
The intravascular ultrasound market covered in this report is segmented -

1) By Type: Platform Intravascular Ultrasound, Compact Intravascular Ultrasound
2) By Modality: Virtual Histology Intravascular Ultrasound (IVUS), iMap Intravascular Ultrasound (IVUS), Integrated Backscatter Intravascular Ultrasound (IVUS)
3) By Application: Peripheral Arterial Diseases, Cardiovascular Diseases
4) By End use: Hospital, Diagnostic Centers, Academic And Research Institutes

Subsegments:
1) By Platform Intravascular Ultrasound: Console-Based Systems, Catheter-Based Systems
2) By Compact Intravascular Ultrasound: Portable Systems, Handheld Systems

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What Is the Leading Region in the Intravascular Ultrasound Market?
North America was the largest region in the intravascular ultrasound market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intravascular ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Intravascular Ultrasound Global Market Report?

- Market Size Analysis: Analyze the Intravascular Ultrasound Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Intravascular Ultrasound Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Intravascular Ultrasound Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Intravascular Ultrasound Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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