Intravascular Ultrasound (IVUS) is a noninvasive imaging method that provides real-time cross-sectional views of blood vessels. The patients can have their coronary artery disease severity assessed via IVUS devices, which coordinate percutaneous coronary intervention, and evaluate the response to treatment. Indications for the IVUS devices market are rising incidence of cardiovascular diseases, advancement in technology, and rising demand for minimally invasive treatments.
Market Overview
The global IVUS devices market is segmented by product (catheters, imaging systems), use (coronary artery disease, peripheral vascular disease) and end-user (hospitals, clinics, cardiac catheterization labs).
Key Market Trends
- As Cardiovascular Diseases Increase: Increasing incidence of cardiovascular diseases like coronary artery disease, peripheral artery disease etc creates an increased need for precise diagnostic methods such as IVUS.
- Improvements in IVUS Technology: New IVUS technology, with better image resolution, shorter time-to-access and small catheters is improving the clinical applications of IVUS.
- Rising Use of Minimally Invasive Techniques: Increasing interest in minimally invasive techniques like percutaneous coronary intervention (PCI) is driving demand for IVUS to guide and enhance such techniques.
- Degeneration of the Population: Older population are vulnerable to cardiovascular problems and therefore require tools such as IVUS.
- High Regulatory Environment: A stringent regulatory environment including FDA, and CE mark approval is important for the development and commercialization of IVUS devices.
Market Size and Forecast
The intravascular ultrasound (IVUS) devices market is expected to grow from US$ 608.97 million in 2021 to US$ 1,012.37 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028.
Frequently Asked Questions
The benefits of IVUS equipment: What are the most important features of IVUS?
- Improved visualization of coronary arteries
- Detection of plaque count and vessel shape in the right direction
- Guidance of percutaneous coronary interventions
- Evaluation of stent disengagement and vessel patency.
Which are the key markets that will increase the IVUS devices market?
North America and Europe are the mature markets for IVUS devices but Asia-Pacific is becoming an important market due to rising healthcare spending and growing acuity diseases.
What are the issues of the IVUS devices market?
- Extraordinary expense of equipment and procedures.
- IvUS imaging and interpretation: Knowledge and training required.
- Potential problems with the process.
- Poor reimbursement rate in some areas.
What are the new trends in the IVUS devices market?
- Modernisation of diagnostics like fractional flow reserve (FFR) and optical coherence tomography (OCT) coupled with IVUS.
- IVUS catheters that are miniaturized for the comfort of patients.
- AI/ML-based automated image processing and interpretation.
- Fusion of IVUS and other imaging technologies like CT and MRI.
How can the manufacturers and hospitals take advantage of the IVUS devices market growth?
- Put the money into R&D to build new IVUS machines.
- Meet with influencers and providers in the healthcare field.
- Training and education for clinical competence Enhance training and education
- expand into emerging markets
- Prioritize patient safety and efficacy
The IVUS devices market is set to grow amidst the demand for accurate and precise cardiovascular tests. By getting the pulse on the market trends and challenges, manufacturers and healthcare providers will have the opportunity to take advantage of it and help patients get the best results.
