Intravascular Ultrasound (IVUS) Catheters Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Intravascular Ultrasound (IVUS) Catheters Market Report Overview
The IVUS catheters market size was valued at $647.6 million in 2023 and is forecast to grow at a CAGR of more than 5% during the forecast period 2023 and 2033. The intravascular ultrasound system is a fiber-optic, catheter-based, near-infrared (NIR) spectroscopy and intravascular ultrasound combined system intended to identify and characterize atherosclerotic plaques in the coronary arteries. It is a combination device that uses IVUS to quantify the degree of narrowing produced by a plaque, the size of the artery, and the adequacy of stent expansion.
IVUS Catheters Market Outlook, 2023-2033 ($ Million)
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The Intravascular Ultrasound (IVUS) catheters market research report explains the market behavior, which will help identify quantitative market trends within the cardiovascular devices therapeutic area. The model discusses in detail the impact of COVID-19 on the IVUS catheters market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2022) | $647.6 Million |
CAGR (2023-2033) | >5% |
Forecast period | 2023-2033 |
Historical Period | 2015-2022 |
Key Regions |
|
Leading Companies | · Koninklijke Philips NV
· Boston Scientific Corp · Terumo Corp · ACIST Medical Systems Inc |
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IVUS Catheters Market Dynamics
Factors such as an increase in healthcare spending, rapid globalization, and an increasing rate of PCI (Percutaneous Coronary Interventions) are expected to support market growth in the coming years. In most countries, the growth will be driven by the increasing burden of cardiovascular diseases (CVD) diseases and the rising geriatric population.
Moreover, ongoing technological advancements including transducer advancements such as hybrid technologies for increasing resolution, improvement in image interpretation, and working at multiple frequencies will be responsible for the market’s growth during the forecast period.
IVUS Catheters Market Segmentation by Regions
The key regions in the IVUS Catheters market are North America, Europe, Asia Pacific, South, and Central America, and the Middle East and Africa. North America accounted for the highest share of the IVUS catheter market in 2023 and is expected to continue doing so over the forecast period. The rising incidence of cardiovascular diseases in the region is the primary market driver. Additionally, an aging population, lack of physical activity, and the global burden of coronary heart disease (CHD) are the factors responsible for the increasing use of IVUS catheters for PCI procedure procedures.
IVUS Catheters Market Analysis, by Regions, 2023 (%)
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IVUS Catheters Market - Competitive Landscape
A few of the leading companies in the IVUS catheters market are Koninklijke Philips NV, Boston Scientific Corp, Terumo Corp, and ACIST Medical Systems Inc. Koninklijke Philips NV held the highest market share in 2023.
IVUS Catheters Market Analysis, by Leading Companies, 2023 (%)
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Segments Covered in this Report
IVUS Catheters Market Regional Outlook (Value, US$ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East and Africa
Key Inclusions of the market model are –
Currently marketed IVUS catheters market and evolving competitive landscape –
- Insightful review of the key industry trends.
- Annualized total IVUS catheters market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights –
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the IVUS catheters market.
- Competitive dynamics insights and trends provided for the IVUS catheters market.
Understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Koninklijke Philips N.V., Boston Scientific Corp, Terumo Corp, Bracco SpA, and Others
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This market model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for –
- CMO executives who must have a deep understanding of the IVUS Catheters marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
- Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
- Understand the impact of COVID-19 on the IVUS Catheters market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the IVUS Catheters market.
- Generate revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the IVUS Catheters market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter strategies to gain a competitive advantage.
- Track device sales in the global and country-specific IVUS Catheters market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Frequently asked questions
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What was the IVUS catheters market size in 2023?
The IVUS catheters market size was $647.6 million in 2023.
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What will the IVUS catheters market CAGR be during the forecast period?
The IVUS catheters market is forecast to grow at a CAGR of more than 5% during the forecast period 2023 and 2033.
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Which region led the IVUS catheters market in 2023?
North America accounted for the largest share of the IVUS catheters market in 2023.
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Which are the leading companies in the IVUS catheters market?
Some of the leading companies in the IVUS catheters market are Koninklijke Philips NV, Boston Scientific Corp, Terumo Corp, and ACIST Medical Systems Inc.
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