Global Intravascular Ultrasound Devices Market projected to reach around USD 1214.6 million by 2033
From GlobeNewswire: 2025-01-23 02:30:00
Custom Market Insights has published a new report on the Intravascular Ultrasound Devices Market, projecting a compound annual growth rate of 6.87% from 2024 to 2033. The market was valued at approximately USD 624.34 million in 2023 and is expected to reach around USD 1214.6 million by 2033.
Intravascular Ultrasound Devices (IVUS) create images of blood vessels using sound waves. Factors like the rising prevalence of chronic diseases, aging population, and increasing adoption of minimally invasive procedures are driving market growth. Supportive government policies, like India’s Ayushman Bharat Yojana, are also contributing to market expansion.
Key players are incorporating advanced technologies to enhance device efficiency and accuracy. Features like sustainable design and energy efficiency are gaining popularity among end users. Manufacturers are utilizing technologies like 3D printing and ultrasound transducers to improve image quality from inside vessels.
However, challenges like high costs, limited adoption in underdeveloped countries, and availability of alternative technologies are hindering market growth. The market is segmented by product type, end user, application, and region. North America held a significant market share in 2023 and is expected to maintain dominance due to the region’s well-developed healthcare industry and increasing cardiovascular disorders.
In 2023, the IVUS consoles segment dominated the market, driven by demand in cardiovascular procedures. Hospitals held the highest market share in 2023 and are expected to continue growing due to increased adoption of IVUS devices. North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America are key regions driving market growth. The Intravascular Ultrasound Devices report includes an in-depth industry analysis, COVID-19 impact study, and detailed regional analysis for 2024. It covers top market players, business strategies, and market trends. The market is expected to grow significantly in North America, Asia Pacific, and Europe due to factors like aging populations and healthcare advancements.
North America has a substantial market share due to the prevalence of cardiovascular diseases, while Asia Pacific is expected to grow rapidly. Europe is anticipated to see significant growth with the launch of advanced products and an aging population. The IVUS device market is expanding globally, with regions focusing on improving heart surgery outcomes and enhancing technology accuracy.
The Asia Pacific region is expected to grow at the fastest rate, driven by countries like China, India, and Japan. Factors such as an aging population, increased healthcare awareness, and investment in innovative technologies are contributing to market growth. As cardiovascular issues become a global concern, the IVUS device market is set to see significant developments worldwide. The “Intravascular Ultrasound Devices Market” report offers insights by product type, end user, application, and region. Key players include Philips Healthcare, Siemens Healthineers, Terumo Corporation, and more. Access a free sample report for comprehensive coverage with market tables and figures. Customization options, post-sale service, and discounts are available for a limited time. Contact us for personalized market briefs.
For more information or data for magazines, case studies, or research papers, email us at [email protected]. Browse the full report on the global Intravascular Ultrasound Devices Market at https://www.custommarketinsights.com/report/intravascular-ultrasound-devices-market/. Enjoy spectacular deals, including best price guarantee, free customization hours, and discounts on future purchases. Don’t miss out on this opportunity for valuable market insights. 1. The stock market saw a sharp decline today, with the Dow Jones Industrial Average dropping 500 points. This was attributed to concerns over rising inflation and interest rates. Tech stocks were hit particularly hard, with companies like Apple and Amazon experiencing significant losses.
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