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Intravascular Ultrasound (IVUS) - Global Market Trajectory & Analytics

  • ID: 1882092
  • Report
  • February 2022
  • Region: Global
  • 428 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Infraredx™, Inc.
  • Terumo Corp.

Global Intravascular Ultrasound (IVUS) Market to Reach $849.6 Million by 2026


Demand for medical ultrasound equipment worldwide is being spurred by expanding clinical utility and availability of high quality solutions. An estimated 180-million ultrasound procedures are conducted each year around the world. The increasing demand for medical ultrasound equipment is also attributable to pressure on hospitals and office-based physicians to cut healthcare costs. The trend towards miniaturization along with system portability and affordability has further unfolded the potential use of ultrasound in various settings. Ultrasound has emerged as an important tool for treatment planning for trauma patients in emergency situations, and also offers image guidance while performing procedures such as biopsies and regional anaesthesia. As ultrasound systems for point of care become affordable, lighter, more accessible, and easier to use, their adoption is expected to increase significantly in future. Effective pricing strategies and high technological content are definitely the winning cards. Intravascular Ultrasound (IVUS) is a diagnostic procedure performed to get real-time view of the inside of a coronary artery. IVUS is a catheter-based medical imaging methodology that allows medical professionals to know the level of stenosis, which is degree of thickening or narrowing of an artery. The method provides a visual image of the lumen or the inside of the artery, and the atheroma, which is the membrane or the cholesterol-loaded white blood cells, which remain hidden inside the artery wall. Physicians generally image the lining of an artery using IVUS in preparation for, or during an arthrectomy or angioplasty. IVUS is also used to view the results of the procedure, and in the placement of stents.

Amid the COVID-19 crisis, the global market for Intravascular Ultrasound (IVUS) estimated at US$569.4 Million in the year 2020, is projected to reach a revised size of US$849.6 Million by 2026, growing at a CAGR of 6.9% over the analysis period 2020-2027.IVUS Catheters, one of the segments analyzed in the report, is projected to grow at a 7.6% CAGR to reach US$514 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the IVUS Consoles segment is readjusted to a revised 6% CAGR for the next 7-year period. This segment currently accounts for a 33.8% share of the global Intravascular Ultrasound (IVUS) market.



The U.S. Market is Estimated at $218.2 Million in 2021, While China is Forecast to Reach $135.7 Million by 2026


The Intravascular Ultrasound (IVUS) market in the U.S. is estimated at US$218.2 Million in the year 2021. The country currently accounts for a 36.55% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$135.7 Million in the year 2026 trailing a CAGR of 9.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 6.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR while Rest of European market (as defined in the study) will reach US$148.5 Million by the close of the analysis period. The market is expected to post a steady growth in the coming years on account of increasing cases of coronary artery disease. IVUS holds enormous potential in terms of its ability to address unmet needs in the early detection and intervention of coronary artery diseases. IVUS technology is used for visualizing and assessing the plaque build-up and coronary lesions. In addition to assessment of coronary lesions, IVUS is being increasingly used in placement of stent in percutaneous coronary intervention. Capabilities to provide images of surrounding tissue as well as to provide high-resolution images have made the technology an attractive tool in assessing the stent size need for PCI procedures. Superior assessment of the blocked vessels also enables IVUS to effectively select and place stents within the vessels for restoration of normal flow of blood in the blocked vessel. IVUS helps in assessing appropriate placement of the stent, and to also to check for complete expansion of the stent. Overall adoption of intravascular ultrasound systems is facilitated by increasing number of stent procedures, coupled with rising demand for minimally-invasive procedures. The market growth is likely to be propelled by growing prevalence of cardiovascular diseases, rising obese and geriatric population, and sedentary lifestyles. Each year, approximately 17.7 million people die globally due to cardiovascular complications.

By Application, Coronary Intervention Segment to Reach $443.1 Million by 2026


Global market for Coronary Intervention (Application) segment is estimated at US$289.2 Million in 2020, and is projected to reach US$443.1 Million by 2026 reflecting a compounded annual growth rate of 7.4% over the analysis period. The United States constitutes the largest regional market for Coronary Intervention segment, accounting for 34.6% of the global sales in 2020. China is poised to register the fastest compounded annual growth rate of 9.7% over the analysis period, to reach US$87.5 Million by the end of the analysis period.

Select Competitors (Total 15 Featured) -

  • Boston Scientific Corporation
  • Infraredx™, Inc.
  • Koninklijke Philips N.V. (Royal Philips)
  • Terumo Corp.
Frequently Asked Questions about the Global Market for Intravascular Ultrasound (IVUS)

What is the estimated value of the Global Market for Intravascular Ultrasound (IVUS)?

The Global Market for Intravascular Ultrasound (IVUS) was estimated to be valued at $569.4 Million in 2020.

What is the growth rate of the Global Market for Intravascular Ultrasound (IVUS)?

The growth rate of the Global Market for Intravascular Ultrasound (IVUS) is 6.9%, with an estimated value of $849.6 Million by 2026.

What is the forecasted size of the Global Market for Intravascular Ultrasound (IVUS)?

The Global Market for Intravascular Ultrasound (IVUS) is estimated to be worth $849.6 Million by 2026.

Who are the key companies in the Global Market for Intravascular Ultrasound (IVUS)?

Key companies in the Global Market for Intravascular Ultrasound (IVUS) include Boston Scientific Corporation, Infraredx™, Inc. and Terumo Corp..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Infraredx™, Inc.
  • Terumo Corp.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Medical Ultrasound: An Overview
  • Comparison of Ultrasound against Other Imaging Modalities
  • Application Areas
  • Coronary Artery Disease (CAD) – A Perspective
  • Causes and Symptoms
  • Percutaneous Coronary Intervention (PCI) – A Common Treatment for CAD
  • Intravascular Ultrasound (IVUS) - High Potential in Interventional Cardiology
  • Indications
  • Techniques of Intravascular Ultrasound
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Impact of COVID-19 on Intravascular Ultrasound Market
  • Point-of-care IntraVascular Ultrasound Gains Prominence
  • Intravascular Ultrasound (IVUS) – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • GLOBAL MARKET OVERVIEW
  • Global Intravascular Ultrasound Market to Witness Fastest Growth
  • Growth Drivers
  • IVUS Catheters Remain the Key Revenue Spinners
  • US and Europe Dominate, Asia-Pacific to Witness the Fastest Growth
  • Hospitals Account for the Largest Share
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rise in Incidence of Cardiovascular Diseases Drives Demand for Intravascular Ultrasound
  • Global Cardiovascular Ultrasound Procedure Share: 2020E
  • IVUS Addresses Growing Need for Minimally Invasive Procedures
  • Global Menace of Coronary Artery Disease (CAD) – A Major Growth Driver
  • Global Annual Medical Cost of CVD in the United States: 2015-2030
  • Fatalities by Heart Conditions - Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Stents Transform CAD Treatment, IVUS Expands Efficacy
  • Superior Capabilities over Angiography Propels IVUS Adoption
  • IVUS Inches Forward to Become Standard Choice for Vascular & Arterial Interventions
  • Angiography vs. IVUS to Measure Vascular Characteristics
  • IVUS vs. Venography for Venous Interventions
  • Select List of Studies Comparing Venography to IVUS
  • IVUS for Arterial Interventions
  • Advancements in Ultrasound Technology to Benefit Market Growth
  • Study Links IVUS-Guided PCI with Better Long-Term Patient Outcomes & Low Cardiac Death Risk
  • Use of IVUS Increases in the Diagnosis of Complex CTO Lesions
  • Contrast Agents Expand Ultrasound Applications
  • Commercially Available Contrast Agents for Cardiology Applications
  • Rapid Adoption of Contrast-Enhanced Ultrasound (CEUS) Unfurls New Growth Opportunities
  • Advanced Ultrasound Transducer Designs Simplify IVUS Imaging Applications
  • Rapidly Growing Geriatric Population and the Rise in Associated Diseases Catalyze Growth
  • Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Rising Middle Class Population Aids Growth
  • Global Middle Class Population (in Millions) by Geographic Region: 2010, 2020E & 2030P
  • Rising Healthcare Expenditure: Opportunities in Store
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Healthcare Costs as a % of GDP by Country for the Years 2020 & 2023
  • Risk of CAD in Obesity Offers Prospects for IVUS
  • Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • The Hypertension-Cholesterol Link to Drive Demand
  • Hypertension Prevalence (%) Worldwide by Region in Male and Females Aged 25+ Years
  • Diabetics at Higher Risk of Heart Diseases
  • Diabetes Prevalence Worldwide by Region: Number of Adults (20-79 Years) with Diabetes in 2015 and 2040
  • Use of Blockchain in Diagnostic Imaging

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Intravascular Ultrasound (IVUS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 15
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Boston Scientific Corporation
  • Infraredx™, Inc.
  • Koninklijke Philips N.V. (Royal Philips)
  • Terumo Corp.
Note: Product cover images may vary from those shown