IVUS Catheters Market Top Companies Study- Abbott, ACIST Medical Systems, Boston Scientific Corporation, Cook.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global IVUS Catheters Market - (By Product Type (Mechanical IVUS Catheters, Solid-State IVUS Catheters, Digital IVUS Catheters, Others), By Age (Pediatric, Adult), By Indication (Aortic Aneurysm, Blood Clots, Coronary Artery Disease, Deep Vein Thrombosis, Others), By Application (Coronary Diagnosis, Coronary Intervention, Coronary Research), By End User (Hospital, Ambulatory Surgical Centers(ASCs), Diagnostic Centers, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global IVUS Catheters Market is valued at US$ 623.4 Mn in 2023, and it is expected to reach US$ 990.3 Mn by 2031, with a CAGR of 6.15% during the forecast period of 2024-2031.

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Intravascular Ultrasound (IVUS) is an advanced imaging technique that utilizes ultrasound waves to provide detailed visualization of coronary atherosclerotic plaques, facilitating accurate stent placement during percutaneous coronary intervention (PCI). IVUS consoles enable healthcare professionals to capture high-resolution images of coronary arteries, supporting precise assessment and treatment planning. Ongoing research and development (R&D) efforts are expected to propel the growth of the Intravascular Ultrasound (IVUS) Devices Market. The IVUS Catheters Market has experienced notable expansion in recent years, driven by technological advancements in healthcare and the rising incidence of cardiovascular diseases. IVUS catheters are essential medical instruments used during coronary angioplasty procedures to visualize the interior of blood vessels, delivering detailed imaging that enhances diagnostic accuracy and treatment outcomes.

List of Prominent Players in the IVUS Catheters Market:
• Abbott
• ACIST Medical Systems
• Boston Scientific Corporation
• Cook
• Cordis
• GE HealthCare
• ICU Medical, Inc.
• Infraredx, Inc. (Nipro Medical Corporation)
• Koninklijke Philips N.V.
• Medtronic
• Terumo Medical Corporation
• Other Market Players

Market Dynamics:
The increasing prevalence of cardiovascular diseases is a key factor driving the growth of the Intravascular Ultrasound (IVUS) Catheter Market. The rising incidence of conditions such as coronary artery disease has created a growing demand for accurate diagnostic and therapeutic solutions. IVUS catheters provide high-resolution imaging, facilitating precise disease evaluation and guiding interventional procedures, thereby improving patient outcomes. Additionally, technological advancements, including the development of catheters with enhanced imaging capabilities and improved maneuverability, are further accelerating market growth. These factors collectively support the increasing adoption of IVUS catheters in clinical settings, contributing to market expansion.

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Challenges:
A key challenge associated with Intravascular Ultrasound (IVUS) is its typical use in cardiac laboratories, where it is regarded as an interventional procedure. As such, it requires execution by interventional cardiologists with specialized training in angiographic techniques. Furthermore, the use of IVUS catheters can introduce additional procedural risks and extend examination time, thereby increasing the overall complexity and potential complications beyond those of standard diagnostic angiographic assessments.

Regional Trends:
North America currently holds the largest share of the Intravascular Ultrasound (IVUS) Devices Market and is expected to maintain its leading position in the coming years. This dominance is driven by the rising incidence of coronary artery disease and the widespread adoption of advanced medical imaging techniques, supported by favorable healthcare infrastructure and insurance coverage. Meanwhile, the Asia-Pacific region is projected to experience substantial growth over the forecast period. The increasing prevalence of cardiovascular diseases, particularly in countries such as India where heart disease remains a leading cause of mortality, is driving demand for IVUS catheters and expanding market opportunities in the region.

Recent Developments
• In February 2023, The FDA granted Northeast Scientific Inc. authorization to reprocess the Philips IVUS Eagle Eye Platinum RX Digital catheter, which is a provider of reprocessed single-use peripheral vascular catheters. The organization informed us that the release date for the NES Reprocessed Eagle Eye Platinum RX digital IVUS catheter device will be disclosed shortly.
• In Aug 2021, Abbott made a public declaration regarding the approval of its most recent optical coherence tomography (OCT) imaging platform, which is driven by the organization's novel Ultreon Software, from the U.S. Food and Drug Administration (FDA). By integrating augmented reality (OCT) and artificial intelligence (AI), this novel imaging software furnished medical professionals with an improved, all-encompassing perspective of coronary blood flow obstructions and flow, thereby facilitating informed judgment and identifying the most effective course of action.

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Segmentation of IVUS Catheters Market-
By Product Type-
• Mechanical IVUS Catheters
• Solid-State IVUS Catheters
• Digital IVUS Catheters
• Others
By Age
• Pediatric
• Adult
By Indication -
• Aortic Aneurysm
• Blood Clots
• Coronary Artery Disease
• Deep Vein Thrombosis
• Others
By Application -
• Coronary Diagnosis
• Coronary Intervention
• Coronary Research
By End User-
• Hospital
• Ambulatory Surgical Centers(ASCs)
• Diagnostic Centers
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.