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

The growing awareness and adoption of minimally invasive procedures in healthcare have played a pivotal role in boosting the demand for peripheral IVUS catheters. These catheters enable healthcare professionals to visualize intricate details of blood vessels, aiding in the precise guidance of complex interventions. The shift towards less invasive approaches aligns with the broader trend in healthcare to reduce patient discomfort, shorten recovery times, and optimize overall treatment outcomes is positively impacting the demand. As a result, both healthcare professionals and patients are increasingly preferring for minimally invasive treatments, such as those utilizing IVUS catheters. These advantages are projected to increase demand for less invasive treatments, consequently boosting the growth of the IVUS catheters market.

In addition, the rising number of cardiovascular diseases, due to an ageing population and sedentary lifestyles, represents a significant opportunity for market expansion. The emphasis on R&D, as seen in recent investments in recent investments such as Evident Vascular, represents a trend towards advanced intravascular imaging technologies. In addition, the growth of firms such as Novosound, with their flexible thin-film ultrasound technology, demonstrates an increasing emphasis on next-generation IVUS capabilities. The introduction of new solutions by industry leaders for instance Philips contributes to the shifting landscape by offering opportunities for procedural innovation and increased workflow efficiency. As clinical evidence continues to support the efficacy of IVUS in both coronary and peripheral therapies, the market is positioned for long-term growth and technological developments in the coming years.

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-

Based on Type, the market is segmented into Balloon Angioplasty with IVUS and IVUS as Stand-alone Procedure. IVUS as Stand-alone Procedure is expected to dominated the Peripheral Intravascular Ultrasound (IVUS) Catheter market over the forecast period. IVUS catheters provide precise cross-sectional imaging of arterial vessels, offering high-dimensional accuracy and detailed insights into lesion morphology. IVUS facilitates the evaluation of plaque structure, vessel diameter, and the detection of arterial dissections. Moreover, IVUS assists in selecting the most suitable percutaneous transluminal angioplasty (PTA) technique, guides the deployment of various devices, and assesses the immediate outcomes of endovascular interventions. In addition, IVUS catheters provide precise cross-sectional imaging of arterial vessels, offering high-dimensional accuracy and detailed insights into lesion morphology.

Peripheral Intravascular Ultrasound (IVUS) Catheter Market, By Application

• Hospitals
• Others

To Get a Summarized Market Report By Application-

Based on Application, the market is segmented into Hospitals, and Others. Hospitals is expected to dominated the Peripheral Intravascular Ultrasound (IVUS) Catheter market over the forecast period. In the hospital segment, the doctors use IVUS to diagnose and manage artery and vein conditions. In venous cases, IVUS is frequently utilized for acute and chronic blood clots, particularly when narrowing the veins is suspected. IVUS aids in identifying areas of constriction or obstruction deep within the body. Furthermore, it assists in measuring veins in appropriately sized stents, thereby maintaining the vessel’s patency. IVUS provides optimal visualization of PAD, aiding in the precise planning of stent sizes to maintain arterial patency, which are some factors driving the market growth.

Peripheral Intravascular Ultrasound (IVUS) Catheter Market, By Geography

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

Based on Regional Analysis, the Global Peripheral Intravascular Ultrasound (IVUS) Catheter Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest market share and is projected to grow at a rapid rate during the forecast period. The Peripheral Intravascular Ultrasound (IVUS) Catheter Market in North America is growing rapidly, due to the rising rate of percutaneous coronary interventions (PCIs) and the rising prevalence of cardiovascular diseases. An ageing population, sedentary lifestyles, and the global burden of coronary heart disease all contribute to the significant growth potential. The increasing number of cardiovascular diseases such as peripheral artery disease (PAD), coronary artery disease (CAD), and arteriosclerosis drives the market.

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

Top Trending Reports