Intravascular Ultrasound Market Poised to Hit $3.83 Billion by 2029 with Accelerating Growth Trends

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Intravascular Ultrasound Market Size Growth Forecast: What to Expect by 2025?
There has been significant growth in the size of the intravascular ultrasound market in recent years. The market, initially valued at $2.49 billion in 2024, is projected to increase to $2.71 billion in 2025, depicting a compound annual growth rate (CAGR) of 9.2%. This substantial growth during the historic period may be due to factors such as the heightened occurrence of cardiovascular diseases, the surge in minimally invasive procedures, an escalating geriatric population, the expansion of healthcare infrastructure, and an increase in healthcare spending.

How Will the Intravascular Ultrasound Market Size Evolve and Grow by 2029?
The market for intravascular ultrasound is predicted to experience significant growth in the coming years, increasing to $3.83 billion in 2029, with a compound annual growth rate (CAGR) of 9.0%. This upward trend during the forecast period can be ascribed to factors such as the increased use of IVUS in coronary procedures, heightened awareness for early detection and treatment of cardiac ailments, advancements in high resolution IVUS catheters, and an increase in medical imaging research and development activities, coupled with a rising prevalence of diabetes. The anticipated trends for the forecast period encompass the utilization of IVUS technology, application of AI and machine learning algorithms, creation of portable and miniaturized IVUS equipment, use of 3D IVUS imaging for enhanced visualization, improvements in image resolution, and the use of real-time feedback systems.

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What Drivers Are Propelling the Growth of Intravascular Ultrasound Market Forward?
The escalating incidence of cardiovascular diseases (CVDs) is anticipated to drive the expansion of the intravascular ultrasound market. Cardiovascular diseases (CVDs) encompass a range of maladies impacting the heart and blood vessels. An unhealthy lifestyle characterized by a lack of exercise, poor diet, smoking, chronic stress, and excessive drinking is leading to an increased prevalence of CVDs. Intravascular Ultrasound (IVUS) serves as a pivotal diagnostic instrument in handling CVDs, offering comprehensive images and data about the interior of blood vessels, especially coronary arteries, considerably augmenting the diagnosis, treatment, and management of diverse cardiovascular disorders. For example, in September 2024, data released by the British Heart Foundation, a cardiovascular research organization based in the UK, revealed that nearly 7.6 million individuals suffer from heart and circulatory diseases in the UK, including approximately 4 million men and 3.6 million women. These diseases account for roughly 27% of all UK fatalities, amounting to over 170,000 deaths annually, or around 480 deaths daily or one death every three minutes. Hence, the escalating incidence of cardiovascular diseases (CVDs) is fueling the growth of the intravascular ultrasound market.

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Which Emerging Trends Are Transforming the Intravascular Ultrasound Market in 2025?
Top enterprises in the intravascular ultrasound market are concentrating on technological enhancements, using sonic lumen tomography (SLT) technology to boost diagnostic capabilities, simplify cardiovascular procedure decisions, and ultimately improve patient outcomes. SLT technology improves the visibility of blood vessels by generating high-resolution, cross-sectional images of their internal space (the lumen) and the vessel walls. For example, Provisio Medical Inc., a medical equipment producer from the US, introduced the Provisio SLT Intravascular ultrasound (IVUS) system in May 2024. This system includes the SLT IVUS P1 system and the SLT IVUS support crossing catheter. Provisio leverages Sonic Lumen Tomography technology to enhance vessel sizing data accumulation and presentation in primary support crossing catheters. This approach diminishes data collection time, lowers the use of contrast media, and minimizes radiation exposure, all without interrupting the physician's workflow.

What Are the Key Segments in the Intravascular Ultrasound Market?
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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Who Are the Key Players Shaping the Intravascular Ultrasound Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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.

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