IVUS Catheters Market Top Players - Abbott, ACIST Medical Systems, Boston Scientific Corporation, Cook, Cordis, GE HealthCare.

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) represents a sophisticated imaging technology that employs ultrasound waves to deliver detailed visualizations of coronary atherosclerotic plaques, thereby facilitating precise stent placement during percutaneous coronary interventions (PCI). IVUS consoles enable healthcare providers to obtain high-resolution images of the coronary arteries, which aids in accurate assessment and treatment planning. The ongoing advancements in research and development (R&D) are expected to drive the growth of the Intravascular Ultrasound (IVUS) Devices Market. Furthermore, the IVUS Catheters Market has seen significant expansion in recent years, fueled by innovations in healthcare technology and the increasing prevalence of cardiovascular diseases. IVUS catheters are vital tools in coronary angioplasty procedures, providing detailed internal views of blood vessels and enhancing diagnostic precision and treatment effectiveness.

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 growing prevalence of cardiovascular diseases is a primary driver of the Intravascular Ultrasound (IVUS) Catheter Market's expansion. The rising incidence of conditions such as coronary artery disease has led to an increased demand for accurate diagnostic and therapeutic solutions. IVUS catheters offer high-resolution imaging, which enables precise disease assessment and guides interventional procedures, ultimately enhancing patient outcomes. Furthermore, advancements in technology, including the development of catheters with superior imaging capabilities and improved maneuverability, are further fueling market growth. These factors collectively contribute to the widespread adoption of IVUS catheters in clinical practices, thereby driving market growth.

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Challenges:
One of the primary challenges associated with Intravascular Ultrasound (IVUS) is its reliance on specialized cardiac laboratories, where it is considered an interventional procedure. This requires skilled interventional cardiologists with expertise in angiographic techniques to perform the procedure effectively. Additionally, the use of IVUS catheters may introduce extra procedural risks and prolong examination time, thus increasing the overall complexity and potential for complications compared to standard diagnostic angiographic assessments.

Regional Trends:
North America currently dominates the Intravascular Ultrasound (IVUS) Devices Market and is expected to retain its leadership position in the coming years. This dominance is attributed to the rising incidence of coronary artery disease and the widespread adoption of advanced medical imaging technologies, supported by robust healthcare infrastructure and comprehensive insurance coverage. Meanwhile, the Asia-Pacific region is anticipated to experience significant growth over the forecast period. The increasing prevalence of cardiovascular diseases, particularly in countries like India, where heart disease remains a leading cause of mortality, is driving the demand for IVUS catheters and creating new 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

View Overview Report: https://www.insightaceanalytic.com/report/ivus-catheters-market-/2403

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This release was published on openPR.