Global Peripheral Intravascular Ultrasound (IVUS) Catheter Market Size By Type (Balloon Angioplasty with IVUS, IVUS as Stand-alone Procedure), By Application (Hospitals, Others), By Geographic Scope And Forecast

Peripheral Intravascular Ultrasound (IVUS) Catheter Market Size And Forecast

Peripheral Intravascular Ultrasound (IVUS) Catheter Market size was valued at USD 187.99 Million in 2023 and is projected to reach USD 340.17 Million by 2030, growing at a CAGR of 7.72% from 2023 to 2030.

Increasing geriatric population and increasing demand for minimally invasive surgical procedures are the factors driving market growth. The Global Peripheral Intravascular Ultrasound (IVUS) Catheter Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Peripheral Intravascular Ultrasound (IVUS) Market Definition

Intravascular ultrasonography (IVUS) is often referred to as endovascular ultrasound or intravascular echocardiography. It employs a transducer or probe to create sound waves and produce images of the insides of blood vessels. IVUS employs a specialized catheter with a tiny ultrasonic transducer on one end. The doctor guides the catheter via an artery or vein to the desired site. Once there, the transducer creates sound waves to provide pictures of the blood arteries and aid in the diagnosis of various illnesses.

Companies concentrated on acquiring regulatory licenses in numerous locations in order to make their products available worldwide. IVUS integration with other imaging modalities, such as angiography or optical coherence tomography (OCT), has grown in popularity. During interventions, this multimodal method gave a thorough picture of vascular architecture. Collaborations among medical device manufacturers, research institutes, and healthcare providers have grown. These agreements sought to speed up innovation, improve product development, and broaden the therapeutic use of peripheral IVUS catheters.

Global Peripheral Intravascular Ultrasound (IVUS) Catheter Market Overview

People are really catching on to minimally invasive procedures these days, and that's a big reason why we're seeing more and more demand for peripheral IVUS catheters. These clever little tools let doctors see the nitty-gritty details inside blood vessels, which helps them guide tricky procedures with amazing precision. This move towards less invasive options goes hand-in-hand with a general push in healthcare to make things easier on patients – think less pain, quicker healing, and better results overall. Because of this, both doctors and patients are leaning towards minimally invasive treatments, like the ones that use IVUS catheters. All these perks are expected to drive even more demand for these types of treatments, which will ultimately fuel growth in the IVUS catheter market.

Cardiovascular disease is on the rise because we're getting older and moving less, which actually opens up a big door for the market to grow. Companies are really focusing on research and development, like we see with Evident Vascular, signaling a push for better intravascular imaging. And it's not just them - companies like Novosound are also growing, thanks to their cool flexible thin-film ultrasound tech, showing that everyone wants the next big thing in IVUS. Even big players like Philips are jumping in with new solutions, changing the game by making procedures better and faster. Ultimately, as more clinical studies prove that IVUS works for both coronary and peripheral issues, the market's set to keep growing and getting more technologically advanced in the years ahead, guaranteed!

Global Peripheral Intravascular Ultrasound (IVUS) Catheter MarketSegmentation Analysis

The Global Peripheral Intravascular Ultrasound (IVUS) Catheter Market is segmented on the basis of Type, Application, and Geography.

Peripheral Intravascular Ultrasound (IVUS) Catheter Market, By Type

• Balloon Angioplasty with IVUS
• IVUS as Stand-alone Procedure

To Get a Summarized Market Report By Type-

Okay, so when we look at the Peripheral Intravascular Ultrasound (IVUS) Catheter market, it's all about Type. We're talking about two main categoriesBalloon Angioplasty with IVUS and IVUS used as a stand-alone procedure. Now, get thisthe IVUS as Stand-alone Procedure is really expected to take the lead in the market. These IVUS catheters are pretty cool because they give us these incredibly precise cross-sectional images of arteries, kind of like taking a detailed peek inside! They're super accurate and let doctors see exactly what's going on with the lesions. They help evaluate the plaque, measure the vessel's diameter, and even spot any arterial dissections. Plus, IVUS helps doctors choose the best percutaneous transluminal angioplasty (PTA) approach, guides where to put devices, and helps them see how well the endovascular procedure worked right away. And did I mention that IVUS catheters provide precise cross-sectional imaging of arterial vessels, offering high-dimensional accuracy and detailed insights into lesion morphology? They're quite useful!

Peripheral Intravascular Ultrasound (IVUS) Catheter Market, By Application

• Hospitals
• Others

To Get a Summarized Market Report By Application-

The market, depending on where it's used, is broken down into Hospitals and Other places. And get this – we're expecting Hospitals to really take the lead in the Peripheral Intravascular Ultrasound (IVUS) Catheter market for the foreseeable future! You see, doctors in hospitals rely on IVUS to figure out what's going on with arteries and veins and how to best treat them. When it comes to veins, IVUS is often their go-to for dealing with blood clots – both new and old – especially when they think the veins might be narrowed. It helps them pinpoint exactly where the blockages or constrictions are, even deep inside the body. Plus, it's super handy for getting the right measurements for stents, so they can keep those veins open and flowing nicely. And, because IVUS gives them the best possible view of PAD, they can plan stent sizes perfectly to keep arteries open too! All of this is really driving the market forward.

Peripheral Intravascular Ultrasound (IVUS) Catheter Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Looking at different regions, we've broken down the global market for Peripheral Intravascular Ultrasound (IVUS) Catheters intoNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Right now, North America holds the biggest piece of the pie, and we expect it to keep growing fast! What's fueling this growth in North America? Well, for starters, more and more people are undergoing percutaneous coronary interventions (PCIs). Plus, we're seeing a rise in cardiovascular diseases. An ageing population and more sedentary lifestyles aren't helping either, adding to the global problem of coronary heart disease. This all means big growth potential. In fact, the increasing numbers of diseases like peripheral artery disease (PAD), coronary artery disease (CAD), and arteriosclerosis are really driving the market forward.

Key Players

The “Global Peripheral Intravascular Ultrasound (IVUS) Catheter Market” study report will provide valuable insight with an emphasis on the global market including some of the major players are Koninklijke Philips NV, Boston Scientific Corp, Infraredx, Inc., Terumo Corporation, and ACIST Medical Systems.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Coating Type benchmarking and SWOT analysis.

Key Developments

• Philips completed the acquisition of Vesper Medical Inc. a US-based medical technology company that develops minimally-invasive peripheral vascular devices. Vesper Medical will further expand Philips’ portfolio of diagnostic and therapeutic devices with an advanced venous stent portfolio for the treatment of deep venous disease.

Report Scope

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