Intravascular Ultrasound Devices Market Size to Reach at US$ 1 Bn by 2030

The global intravascular ultrasound devices market size was estimated at US$ 600 million in 2020 and is expected to reach at US$ 1 billion by 2030 with a a CAGR of 6.8% from 2021 to 2030. IVUS devices are used to assess vessel/lumen diameter and lesion length. It helps to determine the amount of plaque buildup in a vessel and its composition. It is further used to ensure that stents have been properly placed and fully deployed. Rise in the need of IVUS procedures during PCI procedures and increase in the adoption of IVUS systems in hospitals and diagnostic centers are key factors that are likely to drive the global intravascular ultrasound (IVUS) devices market during the forecast period.

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High Incidence Rate of Cardiovascular Disorders to Drive Market

According to the statistics reported by WHO, cardiovascular diseases are the number one cause of death, accounting for nearly 17.9 million deaths globally every year. Cardiovascular diseases are a group of rheumatic heart disease, cerebrovascular disease, coronary heart disease, and other conditions. CDC states that about 30.3 million adults were diagnosed with heart disease, i.e., 12.1% of the total adult population in the U.S., in 2018. The primary causes of high incidence of cardiovascular diseases include diabetes, smoking, hyperlipidemia, hypertension, obesity, poor nutrition, and lack of physical activity. Thus, large cardiovascular patient base is anticipated to boost the intravascular ultrasound devices market during the forecast period.

IVUS Imaging Gains Popularity for Diagnosis of Complex CTO Lesions

Even today, chronic total occlusion (CTO) revascularization constitutes procedural challenges. It has been found that tapered stump CTO have relatively better success share as compared to blunt, vague or stumpless CTO lesions. Such findings are creating value-grab opportunities for med-tech companies in the intravascular ultrasound (IVUS) devices market, as IVUS imaging helps to differentiate a true lumen against subintimal space by recognizing the presence of side branches, intima, and media.

Companies in the intravascular ultrasound (IVUS) devices market are benefitting from the demand for devices in imaging for CTO lesions since the technique helps to confirm guidewire re-entry to the true lumen from the subintimal space. IVUS-guided wiring technique is being considered as an option in the antegrade approach when standard wiring procedures fail.

IVUS Catheters Help in Tailor Treatment of Patients, Guide Pre-stent Planning

Angioplasty alone may not be sufficient for meeting advanced visualization specifications. This is why Philips - a Dutch multinational conglomerate corporation is offering its comprehensive portfolio of IVUS catheters for coronary and peripheral applications, which help to decide the best therapy option and optimize treatment results. Advanced catheters offered by manufacturers in the intravascular ultrasound (IVUS) devices market are allowing physicians to address the treatment of every patient. Such catheters are being used to offer guidance in pre-stent planning.

Apart from innovations in devices, systematic reimbursement policies by med-tech companies and insurers are increasing the uptake of IVUS catheters. Companies in the intravascular ultrasound (IVUS) devices market are unlocking growth opportunities in venous interventions.

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Micromachined Ultrasound Transducers Overcome Issues Addressed in Piezoelectric Transducers

Companies in the intravascular ultrasound (IVUS) devices market are innovating in ultrasound transducers to attain high-resolution images. These devices are gaining increased popularity, as they are used both as transmitter that sends acoustic waves and detector that receives the returning signals.

Manufacturers are boosting their production capabilities in piezoelectric transducers that are gaining prominence in biomedical imaging. However, traditional piezoelectric ultrasound transducers contain drawbacks such as difficulties in the fabrication of high-density arrays. Companies are increasing their research efforts to overcome the drawbacks of conventional piezoelectric ultrasound transducers to provide acceleration of imaging speeds and alleviate motion artifact. Manufacturers are developing micromachined ultrasound transducers to address issues in piezoelectric transducers.

IVUS Consoles Held Major Share of Intravascular Ultrasound (IVUS) Devices Market

Based on product, the global intravascular ultrasound (IVUS) devices market has been bifurcated into IVUS consoles and IVUS catheters. The IVUS consoles segment dominated the market in 2020, owing to rise in the demand for intravascular ultrasound consoles assisted cardiovascular surgeries.

Need of Intravascular Ultrasound (IVUS) Devices in Coronary Intervention

In terms of application, the global intravascular ultrasound (IVUS) has been classified into coronary diagnosis, coronary intervention, coronary research, and non-coronary/peripheral applications. The coronary intervention segment dominated the global intravascular ultrasound (IVUS) devices market in 2020, and the trend is projected to continue during the forecast period. A surge in the use of intravascular ultrasound during coronary intervention procedures is expected to drive the segment during the forecast period.

Hospitals to be Major End User

In terms of end user, the global intravascular ultrasound (IVUS) devices market has been categorized into hospitals, specialty clinics, ambulatory surgical centers, diagnostic laboratories, and research institutes. The hospitals segment held a major share of the global intravascular ultrasound (IVUS) devices market in 2020. The dominance of this segment can be attributed to the budget availability to purchase expensive systems such as IVUS consoles and large patient base.

North America to Dominate Global Market; Asia Pacific to Offer Significant Opportunities

In terms of region, the global intravascular ultrasound (IVUS) devices market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for a prominent share of the global intravascular ultrasound (IVUS) devices market during the forecast period. Rise in prevalence of cardiovascular diseases and increase in geriatric population are major factors driving the market in North America.

According to American Heart Association estimates, by 2035, over 130 million adults are likely to suffer from cardiovascular disorders in the U.S., which, in turn, is boosting the demand for intravascular ultrasound (IVUS) devices. The market in Europe is expected to expand at a considerable CAGR in the near future, owing to an increase in patient pool suffering from cardiovascular disorders and introduction of technologically advanced products in the region.

The intravascular ultrasound (IVUS) devices market in Asia Pacific is likely to expand at a rapid pace in the near future. This expansion can be majorly attributed to the availability of trained and well-qualified technicians and rise in adoption of technologically advanced diagnostic equipment.

Overview

• This report analyzes the current scenario and future prospects of the global intravascular ultrasound (IVUS) devices market. High prevalence rate of cardiovascular disorders, technological advancements, and increase in geriatric population are expected to boost the global intravascular ultrasound (IVUS) devices market.
• The report includes an elaborate executive summary, which provides a snapshot of various segments of the global intravascular ultrasound (IVUS) devices market. It also provides information and data analysis of the intravascular ultrasound (IVUS) devices market with regard to segments based on product, application, end user, and region.
• The overview section of the report provides a detailed qualitative analysis of drivers, restraints, and opportunities that impact the global intravascular ultrasound (IVUS) devices market
• The report includes company profiles, which provide information about their business, product portfolios, and competitive landscape in the global intravascular ultrasound (IVUS) devices market
• The report on the intravascular ultrasound (IVUS) devices market offers market attractiveness analysis of regions and segments
• The last section of the report comprises quantitative and qualitative analyses on market share/position of key players operating in the global intravascular ultrasound (IVUS) devices market. It analyzes key competitive strategies adopted by major industry players, thereby presenting a thorough understanding of the competitive scenario in the global intravascular ultrasound (IVUS) devices market.

Key Players

• Axle International
• Boston Scientific Corporation
• Infraredx, Inc.
• Koninklijke Philips N.V.
• Terumo Corporation
• Siemens Healthineers AG
• Conavi Medical Inc.
• ACIST Medical Systems

Market: Segmentation

• Intravascular Ultrasound (IVUS) Devices Market, by Product
  • IVUS Consoles
    • Integrated System
    • Cart System
  • IVUS Catheters
    • IVUS Transducers
    • IVUS Accessories
• Intravascular Ultrasound (IVUS) Devices Market, by Application
  • Coronary Diagnosis
  • Coronary Intervention
  • Coronary Research
  • Non-coronary/Peripheral Applications
• Intravascular Ultrasound (IVUS) Devices Market, by End User
  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Laboratories
  • Research Institutes
• Intravascular Ultrasound (IVUS) Devices Market, by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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