Intravascular Ultrasound Market Anticipated To Witness Robust Growth, Surpassing $3.83 Billion By 2029

The Intravascular Ultrasound Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Intravascular Ultrasound Market Size and Its Estimated Growth Rate?
The intravascular ultrasound market will grow from $2.49 billion in 2024 to $2.71 billion in 2025, at a CAGR of 9.2%. Growth is attributed to the increased prevalence of cardiovascular diseases, the rise of minimally invasive procedures, and the expansion of healthcare infrastructure.

The intravascular ultrasound market is expected to experience strong growth, reaching $3.83 billion by 2029 at a CAGR of 9.0%. The growth is attributed to the growing use of IVUS in coronary interventions, rising awareness of heart disease diagnosis and treatment, the development of high-definition IVUS catheters, increased research and development in medical imaging, and the rising prevalence of diabetes. Key trends include broader adoption of IVUS, AI and machine learning integration, the development of portable IVUS devices, 3D IVUS imaging advancements, and improvements in image resolution and real-time feedback.

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How Are Emerging Segments Shaping the Intravascular Ultrasound Market Landscape?
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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Which Growth Factors Are Influencing Intravascular Ultrasound Market Expansion?
The increasing burden of cardiovascular diseases (CVDs) is projected to propel the intravascular ultrasound market. CVDs include a variety of conditions that impact the heart and vascular system. The upward trend in these diseases is attributed to factors like physical inactivity, poor diets, stress, smoking, and alcohol abuse. Intravascular ultrasound (IVUS) serves as a crucial diagnostic tool, offering precise imaging of blood vessels-especially coronary arteries-to guide treatment and disease assessment. As noted in September 2024 by the British Heart Foundation, a UK cardiovascular research organization, approximately 7.6 million people in the UK live with heart and circulatory conditions, with 4 million men and 3.6 million women affected. These diseases account for about 27% of deaths in the UK, equating to 170,000 annually or one death every three minutes. Hence, the growth in cardiovascular diseases is advancing the intravascular ultrasound market.

Who Are the Dominant Players Across Different Intravascular Ultrasound Market Segments?
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.

What Intravascular Ultrasound Market Trends Are Gaining Traction Across Different Segments?
Major firms in the intravascular ultrasound market are concentrating on technological advancements, particularly with sonic lumen tomography (SLT) technology. This is aimed at enhancing diagnostic capacity, aiding more precise decision-making in cardiovascular procedures and ultimately improving patient results. SLT technology boosts the visibility of blood vessels by supplying detailed cross-sectional images of the blood vessel's lumen and the vessel walls. For example, in May 2024, the US medical equipment manufacturer Provisio Medical Inc. rolled out the Provisio SLT Intravascular ultrasound (IVUS) system. The system comprises the SLT IVUS P1 system and the SLT IVUS support crossing catheter. Provisio improves the gathering and presentation of vessel sizing data by employing Sonic Lumen Tomography technology in top-line support crossing catheters. This approach cuts down data collection time, decreases the utilization of contrast media, and lowers radiation exposure without impinging on the physician's workflow.

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Which Geographic Regions Are Expected to Dominate the Intravascular Ultrasound Market in the Coming Years?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Intravascular Ultrasound Market?
2. What is the CAGR expected in the Intravascular Ultrasound Market?
3. What Are the Key Innovations Transforming the Intravascular Ultrasound Industry?
4. Which Region Is Leading the Intravascular Ultrasound Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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