Intravascular ultrasound is an imaging technique which entails the use of a catheter with an ultrasound probe at its tip. This technique is used to view the blood vessels from the inside and the endothelium of blood vessels in living beings. The most significant uses of intravascular ultrasound involve atheroscelorosis imaging and the assessment of atheromatous plaque built up in the epicardial coronary artery. Intravascular ultrasound is also used during stenting procedures for an optimized and accurate outcome.
Cardiovascular diseases cause the highest number of deaths across the world. Rising prevalence of cardiovascular diseases coupled with the presence of high unmet medical needs in this disease segment is the most significant growth rendering driver of the global intravascular ultrasound devices market. Rising patient awareness levels as a consequence of rigorous awareness elevating initiatives undertaken by respective governments and other pertinent associations and the rising demand for minimally invasive procedures will also serve this market as drivers.
Technological advancements in the field of image guided therapeutic treatments will fuel the future growth of this market. In addition, clinical study outcomes supporting the use of IVUS guided stent placement will serve this market as a future growth opportunity. E.g. A clinical study conducted by Volcano Corporation suggests that intravascular ultrasound guided stent placement has relatively fewer post procedural complications associated with it.
The IVUS catheters market is expected to dominate the market in terms of share throughout the forecast period on account of its high usage rates. Moreover, in terms of geography, this market is dominated by the Asia-Pacific region. High prevalence of percutaneous coronary intervention procedures and the presence of a favorable reimbursement structure attributes to its high market share. In addition, the presence of high unmet medical needs clubbed with a rapidly improving healthcare infrastructure in emerging Asia-Pacific countries such as India and China will help this market grow at the highest CAGR during the forecast period.
This research study encompasses a competitive landscape of the intravascular ultrasound devices market. Revenue analysis, product benchmarking and strategic developments of key market players such as Boston Scientific Corporation, Philips Healthcare, Volcano Corporation, Siemens Healthcare, GE Healthcare, Avinger Inc., Terumo Corporation and others are also provided in this report.
Grand View’s market research study takes a closer look at the intravascular ultrasound devices industry, providing a holistic perspective on market dynamics, trends, supply and demand. Our report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key product segments including IVUS consoles, IVUS catheters and other accessories with yearly forecast up to 2020. The report also provides the same level of information for key regional markets of North America, Europe, Asia-Pacific and RoW (rest of the world).
The research report analyzes various factors which have been driving and inhibiting the global intravascular ultrasound devices market in the past. In addition, the research report analyzes the impact of each driver and restraint on the market growth based on which the market is forecasted. The report also showcases the opportunities available in the market which may act as future drivers for the market.
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