[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Intravascular Ultrasound Devices Market size & share revenue was valued at approximately USD 624.34 Million in 2023 and is expected to reach USD 663.44 Million in 2024 and is expected to reach around USD 1214.6 Million by 2033, at a CAGR of 6.87% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are Philips Healthcare, Siemens Healthineers, Terumo Corporation, GE Healthcare, Abbott Laboratories, Avinger Inc., Medtronic, Infraredx Inc., OptiMed Medical Devices, Conavi Medical, Teleflex Incorporated, Nipro Medical Corporation, Terason, and others.

Austin, TX, USA, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Intravascular Ultrasound Devices Market Size, Trends and Insights By Product Type (IVUS Consoles, IVUS Catheters), By End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Diagnostic Laboratories, Research Institutes), By Application (Coronary Diagnosis, Coronary Intervention, Coronary Research, Non-coronary/Peripheral Applications), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Intravascular Ultrasound Devices Market size & share was valued at approximately USD 624.34 Million in 2023 and is expected to reach USD 663.44 Million in 2024 and is expected to reach a value of around USD 1214.6 Million by 2033, at a compound annual growth rate (CAGR) of about 6.87% during the forecast period 2024 to 2033.”

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Intravascular Ultrasound Devices Market: Overview

Intravascular Ultrasound Devices (IVUS) are used for medical checkups of blood vessels from the inside. They create and develop images of the inside of blood vessels and the heart using sound waves.

Various factors, such as the increasing prevalence of chronic diseases, the increasing geriatric population across the globe, the growing number of hospitals, increasing awareness about healthcare due to growing disposable income, and the increasing adoption of minimally invasive procedures, are mainly driving the IVUS market’s growth during the forecast period.

Furthermore, growing supportive policies by various global governments are expected to drive market growth during the forecast period. For instance, the government of India has launched the Ayushman Bharat Yojana; through this scheme, the government is establishing many new high-end hospitals equipped with modern devices and machinery. Thus, supportive schemes and policies are expected to create lucrative opportunities for the market during the forecast period.

Key players operating in the market are integrating various advanced technologies to minimize the side effects of these devices and enhance the output and accuracy level. Sustainable designs and energy-efficient features are becoming increasingly popular among end users.

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Many IVUS device manufacturers are integrating advanced technologies such as 3D printing, ultrasound transducers, and other emerging technologies to obtain high-resolution images from inside the vessels. Thus, such technological innovations are expected to create lucrative market opportunities during the forecast period.

However, factors such as the high cost of intravascular ultrasound devices, their limited adaptation in many underdeveloped countries, the availability of alternatives such as optical coherence tomography, and the lack of universal directives pertaining to the usage of IVUS devices are mainly restraining the market growth of Intravascular Ultrasound Devices during the forecast period.

The Global Intravascular Ultrasound Devices Market is segmented by product type, end-user, application, and region. By Product Type, the IVUS consoles segment dominated the market in 2023 and is expected to keep its dominance during the forecast period owing to increased demand for these consoles in cardiovascular procedures. IVUS consoles are critical in providing clinicians with real-time, high-resolution views of the interior of blood arteries, allowing them to diagnose and treat cardiovascular diseases correctly.

By end-user industry, the hospital segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period owing to the growing adaption of IVUS devices in hospitals. Various factors, such as the increasing number of hospitals across the globe, the growing number of cardiovascular surgeries in hospitals, and increasing supportive policies, are mainly driving the market growth of this segment.

By Region, North America held a major market share in 2023 and is expected to maintain its dominance during the forecast period owing to the increasing number of cardiovascular disorders in the region.

Various factors, such as the presence of a well-developed healthcare industry, an increasing number of patients with cardiovascular diseases, increasing investment in the research and development of advanced medical devices, and supportive government policies, are mainly driving the market growth of this region. Major countries such as the U.S., Mexico, and Canada are mainly driving the market growth of this region.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 663.44 Million
Projected Market Size in 2033	USD 1214.61 Million
Market Size in 2023	USD 624.34 Million
CAGR Growth Rate	6.87% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Product Type, End User, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your research requirements.

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CMI has comprehensively analyzed the Global Intravascular Ultrasound Devices market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth market scenario. Segment-wise market size and market share during the forecast period have been duly addressed to portray the probable picture of this Global Intravascular Ultrasound Devices industry.

The competitive landscape includes key innovators, after-market service providers, market giants, and niche players, who are studied and analyzed extensively with respect to their strengths, weaknesses, and value-adding prospects. In addition, this report covers key players’ profiles, market shares, mergers and acquisitions, consequent market fragmentation, and new trends and dynamics in partnerships.

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Key questions answered in this report:

• What is the size of the Intravascular Ultrasound Devices market and what is its expected growth rate?
• What are the primary driving factors that push the Intravascular Ultrasound Devices market forward?
• What are the Intravascular Ultrasound Devices Industry's top companies?
• What are the different categories that the Intravascular Ultrasound Devices Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Intravascular Ultrasound Devices market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2024−2033
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Intravascular Ultrasound Devices Market: Regional Analysis

North America’s substantial market share in 2023 resulted from the region’s aging population and high prevalence of cardiovascular diseases. By 2035, over 130 million Americans will suffer from cardiovascular disorders, according to the American Heart Association, significantly increasing the need for IVUS devices in the region.

North America’s advanced healthcare system, favourable reimbursement policies, and the existence of significant industry players all contribute to its significance. However, the Asia Pacific region is anticipated to expand rapidly because of a lack of skilled technicians, a rise in cardiovascular illnesses, and rising healthcare costs.

Furthermore, the market is expanding due to the rising use of sophisticated diagnostic technologies in nations like China and India. As cardiovascular problems become a global concern, North America and Asia Pacific are anticipated to impact the IVUS device market considerably.

The market in the Europe region is expected to develop significantly due to the launch of technologically sophisticated products and the rising number of patients with cardiovascular disorders. The adoption rate has increased as more healthcare professionals are aware of how IVUS devices might improve heart surgery results.

Additionally, the region’s aging population, particularly in countries like Germany, France, and the United Kingdom, is increasing demand for IVUS devices since cardiac diseases are more common in elderly individuals. The European market also benefits from the continuous R&D efforts of significant market players who focus on enhancing the accuracy and effectiveness of IVUS technology.

The market for IVUS devices is expected to increase significantly in Europe shortly due to the region’s ongoing healthcare system modernization and growing emphasis on minimally invasive procedures.

The Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. Key countries such as China, India, Japan, ASEAN, and South Korea are mainly driving the market growth of this region. Various factors such as the increasing geriatric population, growing awareness about health, rapidly expanding healthcare industry, and increasing investment in innovative technologies are mainly driving the market growth of this region.

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List of the prominent players in the Intravascular Ultrasound Devices Market:

• Philips Healthcare
• Siemens Healthineers
• Terumo Corporation
• GE Healthcare
• Abbott Laboratories
• Avinger Inc.
• Medtronic
• Infraredx Inc.
• OptiMed Medical Devices
• Conavi Medical
• Teleflex Incorporated
• Nipro Medical Corporation
• Terason
• Others

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The Intravascular Ultrasound Devices Market is segmented as follows:

By Product Type

• IVUS Consoles
• IVUS Catheters

By End User

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Diagnostic Laboratories
• Research Institutes

By Application

• Coronary Diagnosis
• Coronary Intervention
• Coronary Research
• Non-coronary/Peripheral Applications

Click Here to Get a Free Sample Report of the Global Intravascular Ultrasound Devices Market @ https://www.custommarketinsights.com/report/intravascular-ultrasound-devices-market/

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Intravascular Ultrasound Devices Market Research/Analysis Report Contains Answers to the following Questions.

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Intravascular Ultrasound Devices Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Intravascular Ultrasound Devices Market? What Was the Capacity, Production Value, Cost and PROFIT of the Intravascular Ultrasound Devices Market?
• What Is the Current Market Status of the Intravascular Ultrasound Devices Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Intravascular Ultrasound Devices Market by Considering Applications and Types?
• What Are Projections of the Global Intravascular Ultrasound Devices Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Intravascular Ultrasound Devices Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Intravascular Ultrasound Devices Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Intravascular Ultrasound Devices Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Intravascular Ultrasound Devices Industry?

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Reasons to Purchase Intravascular Ultrasound Devices Market Report

• Intravascular Ultrasound Devices Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Intravascular Ultrasound Devices Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Intravascular Ultrasound Devices Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Intravascular Ultrasound Devices Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Intravascular Ultrasound Devices market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Intravascular Ultrasound Devices market analysis.

• The competitive environment of current and potential participants in the Intravascular Ultrasound Devices market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Intravascular Ultrasound Devices market should find this report useful. The research will be useful to all market participants in the Intravascular Ultrasound Devices industry.

• Managers in the Intravascular Ultrasound Devices sector are interested in publishing up-to-date and projected data about the worldwide Intravascular Ultrasound Devices market.

• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Intravascular Ultrasound Devices products' market trends.

• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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