GVR Report cover Intravascular Ultrasound (IVUS) Market Size, Share & Trends Report

Intravascular Ultrasound (IVUS) Market Size, Share & Trends Analysis Report By Modality, By Product (Consoles, Accessories), By End Use (Hospitals, Diagnostic Centers), And Segment Forecasts, 2018 - 2025

  • Report ID: GVR-2-68038-577-9
  • Number of Pages: 130
  • Format: Electronic (PDF)
  • Historical Range: 2014 - 2016
  • Industry: Healthcare

Industry Insights

The global intravascular ultrasound market size was valued at USD 298.9 million in 2017 and is anticipated to exhibit a CAGR of 6.1% over the forecast period. Increase in R&D activities, along with rise in prevalence of chronic diseases, is anticipated to boost market growth.

Rising demand for effective diagnostic cardiovascular imaging techniques due to rise in the incidence of chronic diseases such as heart stroke, coronary artery disease, and myocardial infarction is one of the high impact rendering factors resulting in greater adoption of intravascular ultrasound (IVUS) devices.

China intravascular ultrasound market

Major market players are adopting new and advanced digital technologies and are moving toward integrating various digital platforms with ultrasound equipment. This integration is expected to introduce high resolution imaging devices and boost the market during the forecast period.

Increasing image output quality is expected to improve diagnostic accuracy in the early stages of diseases. This is a major step toward treating and curing several life threatening diseases, including cardiovascular ailments. Governments in developing economies such as India and China are increasing their focus on providing cost-effective medical imaging solutions by adapting various imaging technologies including tele-medicine.

Modality Insights

Based on modality, the market is segmented into virtual histology IVUS, iMap, and integrated backscatter IVUS. The iMap segment is anticipated to witness the fastest CAGR of 7.9% over the forecast period. iMap modality uses frequency spectrum and histology derived database for tissue characterization. It involves more calculations than virtual histology and thus, provides a better classification of plaque.

COVID19 impact: Around 40% Covid recovered patients develop some kind of cardiovascular conditions, hence increasing the demand

Pandemic Impact

Post COVID Outlook

The cardiovascular complications during COVID-19 treatment are significant. The demand for IVUS systems for COVID-19 patients rocketed during 2020.

The after-effects of COVID-19 include vascular complications. COVID-19 recovered patients would require regular monitoring for cardiovascular conditions. The market for IVUS ultrasound is expected to show growth of CAGR 8% during 2021 - 2028

According to the American College of Cardiology (ACC), around 40% of the COVID-19 recovered patients develop cardiovascular conditions.

The market for IVUS systems has a direct impact on COVID-19 cases. Despite the reduction in overall mortality, short and long-term cardiovascular complications are expected to fuel the market in upcoming years.


Virtual histology IVUS is a traditional method of intravascular ultrasound. The segment captured the largest market share in 2017 and is expected to continue its dominance during the forecast period. The technique is best known for characterization of tissues.

Product Insights

Based on product, the intravascular ultrasound market is segmented into consoles and accessories. Accessories are further segmented into catheters, guidewires, and others. Catheters enjoy the largest market share among accessories as they form a crucial component of an IVUS test. The segment is expected to grow at a lucrative pace over the forecast period. Guidewires allow real-time viewing of organ movement. They are used in medical procedures such as angiograms, cardiac surgeries, and placement of stents.

End-use Insights

Based on end use, the market is segmented into hospitals, diagnostic centers, and mobile imaging centers. Hospitals held the largest market share in 2017, owing to large footfall. Mid-to-large sized hospitals install medical imaging equipment within the premises as this can be a major source of outpatient profits.

Global intravascular ultrasound market

Majority of large hospitals have their own medical imaging facilities. However, medical imaging facilities require investment, space, skilled professionals, and high maintenance charges. This increases the financial burden on hospitals in managing these facilities. Hence, hospitals prefer partnering with diagnostic centers for medical imaging facilities. This aids in cost saving among small and mid-sized hospitals.

Regional Insights

Geographically, the market is segmented into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. North America dominated the market in terms of revenue in 2017 owing to high adoption of advanced technology, better health coverage, and high prevalence of coronary artery diseases. Asia Pacific is expected to exhibit the fastest CAGR over the forecast period due to rise in patient pool and increasing disposable income of the population.

According to statistics published by the UN, globally around 17.7 million people die each year due to cardiovascular problems. In 2015, around 7.4 million people died due to coronary artery disease. IVUS can be used to detect coronary artery disease in patients and growing prevalence of cardiovascular diseases is slated to push the demand for these ultrasound machines.

Intravascular Ultrasound Market Share Insights

Some of the key players in this market are Philips; GE Healthcare, Inc.; Hitachi; Boston Scientific Corporation; Fujifilm Medical Systems; Siemens Healthcare; and Canon Medical. Regional and service portfolio expansions and mergers and acquisitions are key strategic undertakings adopted by these players. For instance, in December 2016, Hitachi acquired Kurt and Kurt, a medical diagnostic system provider to extend its businesses in Turkey.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Revenue in USD Million & CAGR from 2018 to 2025

Regional scope

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

Country Scope

U.S., Canada, U.K., Germany, China, Japan, Mexico, Brazil, South Africa, Saudi Arabia

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global intravascular ultrasound market report on the basis of modality, product, end use, and region:

  • Modality Outlook (Revenue, USD Million, 2014 - 2025)

    • Virtual Histology IVUS

    • iMap IVUS

    • Integrated Backscatter IVUS

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Consoles

    • Accessories

      • Catheters

      • Guidewires

      • Others

  • End-use Outlook (Revenue, USD Million, 2014 - 2025)

    • Hospital

    • Diagnostic Centers

    • Academic and Research Institutes

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East and Africa (MEA)

      • South Africa

      • Saudi Arabia

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