Press release
Comprehensive Intravascular Ultrasound Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Intravascular Ultrasound
The rising prevalence of cardiovascular diseases (CVDs) is expected to drive the growth of the intravascular ultrasound market. CVDs, which affect the heart and blood vessels, are increasing due to poor lifestyle choices like unhealthy diets, smoking, and lack of physical activity. Intravascular ultrasound (IVUS) is used to diagnose and treat CVDs by providing detailed images of blood vessels. For example, in September 2024, the British Heart Foundation reported that approximately 7.6 million people in the UK are affected by heart and circulatory diseases. This growing prevalence of CVDs is driving the demand for intravascular ultrasound technology.
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What is the future CAGR of the intravascular ultrasound market, and how will it impact industry expansion?
The intravascular ultrasound market will expand from $2.49 billion in 2024 to $2.71 billion in 2025 at a CAGR of 9.2%, fueled by cardiovascular disease prevalence, minimally invasive procedures, and healthcare infrastructure growth.
The intravascular ultrasound (IVUS) market is set to expand to $3.83 billion by 2029 at a CAGR of 9.0%, driven by increasing IVUS adoption in coronary interventions, diabetes prevalence, and high-definition imaging advancements. Trends include AI-driven imaging, portable IVUS devices, 3D visualization, and real-time feedback systems.
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What are the most significant trends transforming the intravascular ultrasound market today?
Key players in the intravascular ultrasound market are focusing on advancements in diagnostic capabilities with technologies like Sonic Lumen Tomography (SLT) to improve patient outcomes. SLT enhances blood vessel imaging by providing high-resolution, cross-sectional images of the vessel's lumen and walls. For example, in May 2024, Provisio Medical Inc., a US-based company, introduced the Provisio SLT Intravascular Ultrasound (IVUS) system. The SLT IVUS system improves vessel sizing, reduces contrast media usage, and decreases radiation exposure while enhancing diagnostic capabilities.
Which key market segments comprise the intravascular ultrasound market and drive its revenue growth?
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 regions are at the forefront of intravascular ultrasound market expansion?
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.
Who are the leading players fueling growth in the intravascular ultrasound market?
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.
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What Is Covered In The Intravascular Ultrasound Global Market Report?
•Market Size Forecast: Examine the intravascular ultrasound market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the intravascular ultrasound market for a structured understanding.
•Key Players Overview: Analyze major players in the intravascular ultrasound market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the intravascular ultrasound market.
•Segment Contributions: Evaluate how different segments drive overall growth in the intravascular ultrasound market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the intravascular ultrasound market.
•Industry Challenges: Identify potential risks and obstacles affecting the intravascular ultrasound market.
•Competitive Landscape: Review strategic developments in the intravascular ultrasound market, including expansions, agreements, and new product launches.
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