Hospitals and Clinics Segment to Lead Intravascular Ultrasound (IVUS) Devices Market During 2021–2028
According to our latest study on " Intravascular Ultrasound (IVUS) Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Equipment and Accessories); Modality (Virtual Histology IVUS, iMap IVUS, and Integrated Backscatter IVUS); End User (Hospitals and Clinics, Diagnostic Centers, and Academic and Research Institutes)," the market is expected to grow from US$ 608.97 million in 2021 to US$ 1,012.37 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028. The report highlights the key factors driving the market and prominent players with their developments. The growth of the intravascular ultrasound (IVUS) devices market is primarily attributed due to Increase in R&D activities, along with rise in prevalence of chronic diseases. However, product recalls and dearth of trained technicians can hamper the market's growth.
The COVID-19 pandemic has resulted in nationwide lockdowns, which has impacted every industry vertical. Likewise, the intravascular ultrasound (IVUS) devices market is also affected by the pandemic. The intravascular ultrasound (IVUS) devices industry is currently facing newer challenges to cope up with demand and supply of intravascular ultrasound (IVUS) devices, owing to the COVID-19. Consequently, according to one study, many diagnostic and treatment procedures had been cancelled or postponed around the world, including as many as 2.3 million surgeries.
Based on modality, the intravascular ultrasound (IVUS) devices market is segmented into virtual histology IVUS, iMap IVUS, and integrated backscatter IVUS. Virtual histology IVUS segment held a larger market share in 2021. However, the iMap IVUS segment is estimated to register a higher CAGR during the forecast period. Virtual histology in IVUS is an advanced method as it can differentiate the four plaque types, including fibrous, fibro-fatty, necrotic core, and dense calcium. Virtual histology (VH), an IVUS system, can construct a color-coded cross-sectional image of a vessel showing the make-up of the plaque. The results for healthy blood and muscular tissues would be echolucent as they reflect the black spaces on the monitor.
Koninklijke Philips N.V.; GE Healthcare; Siemens AG; Boston Scientific Corporation; Infraredx, INC.; Terumo Corporation; Axle International; Conavi Medical Inc.; Canon Medical Systems; Abbott, and ACIST Medical System are a few leading companies operating in the intravascular ultrasound (IVUS) devices market.
Intravascular Ultrasound (IVUS) Devices Market, by Geography, 2021 (%)
Intravascular Ultrasound Devices Market Worth US$ 1,012.37 Mn by 2028
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Intravascular Ultrasound (IVUS) Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Equipment and Accessories); Modality (Virtual Histology IVUS, iMap IVUS, and Integrated Backscatter IVUS); End User (Hospitals and Clinics, Diagnostic Centers, and Academic and Research Institutes)
Intravascular Ultrasound Devices Market Worth US$ 1,012.37 Mn by 2028
Download Free SampleIntravascular Ultrasound (IVUS) Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Equipment and Accessories); Modality (Virtual Histology IVUS, iMap IVUS, and Integrated Backscatter IVUS); End User (Hospitals and Clinics, Diagnostic Centers, and Academic and Research Institutes)
The report segments the intravascular ultrasound (IVUS) devices market as follows:
The intravascular ultrasound (IVUS) devices market is segmented based on type, modality, end user, and geography. Based on type, the market is segmented into equipment and accessories. Based on modality, the market is segmented into virtual histology IVUS, iMap IVUS, and integrated backscatter IVUS. Based on end user, the intravascular ultrasound (IVUS) devices market is segmented into hospitals and clinics, diagnostic centers, and academic and research institutes. Geographically, the intravascular ultrasound (IVUS) devices market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South and Central America (Brazil, Argentina, and Rest of South and Central America).
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