Global Peripheral Intravascular Ultrasound (IVUS) Catheter Market – Industry Trends and Forecast to 2030

Peripheral Intravascular Ultrasound (IVUS) Catheter Market Analysis and Size

The increasing number of patients suffering from peripheral vascular disorders, the increasing prevalence of geriatric population worldwide, the growing demand for effective diagnostic cardiovascular imaging techniques, and the shorter time required for product approvals are some of the major and important factors that will likely augment the growth of the peripheral intravascular ultrasound (IVUS) catheter market during the forecast period of 2023-2030. On the other hand, rising applications from emerging economies, as well as the prevalence of favourable reimbursement policies and the adoption of innovative technologies, will create immense opportunities for the peripheral intravascular ultrasound (IVUS) catheter market during the forecast period.

Data Bridge Market Research analyses that the peripheral intravascular ultrasound (IVUS) catheter market which is USD 180.03 million in 2022, is expected to reach USD 653.22 million by 2030, at a CAGR of 17.48% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Peripheral Intravascular Ultrasound (IVUS) Catheter Market Scope and Segmentation  

Market Definition

Intravascular ultrasound (IVUS) is a catheter-based imaging technology that allows doctors to see inside blood vessels. Cross-sectional images aid in determining the presence and extent of disease, plaque geometry and morphology, guide wire position during lesion crossing, and post-treatment stent position.

Peripheral Intravascular Ultrasound (IVUS) Catheter Market Dynamics

Drivers

• Increasing rate of cardiovascular diseases

The global increase in cardiovascular disease cases is expected to drive market growth. Cardiovascular diseases are the leading cause of death throughout the world. According to the World Health Organization, 17.9 million people died from cardiovascular diseases in 2019. Approximately 85% of these deaths were caused by a stroke or a heart attack. Hypertension affects an estimated 1.13 billion people worldwide and has become a major cause of brain, heart, kidney, and other related problems. Cardiac catheterization is an imaging procedure that allows a doctor or surgeon to evaluate a patient's heart function. These developments are expected to have a significant impact on market growth.

• Increasing geriatric population

Globally, the market is expected to expand due to an increase in the geriatric population. According to the United Nations, there were approximately 703 million people aged 65 and older in 2019. According to the UN report, the global population of older people is expected to double to approximately 1.5 million by 2050. An ageing population will put significant financial strain on old-age support systems. A variety of factors, including automatic dysregulation, arterial stiffness, the blood-brain barrier, and neurovascular uncoupling, are expected to define the dynamics of local perfusion and brain blood flow during ageing. Long-term, innovative, and advanced catheters have been widely used in older adults to improve overall quality of life and catheter management.

Opportunities

• Increased demand for catheters in health care industry

The increased prevalence of various chronic heart diseases caused by diabetes or high cholesterol has increased the demand for catheters in the health care industry. According to the World Health Organization, cardiovascular diseases killed nearly 17.7 million people in 2015, with coronary heart disease accounting for 7.4 million of those deaths. Because of a high prevalence rate and a lack of health care services in rural areas, the majority of deaths occurred in developing countries. According to the UNFPA (United Nations Population Fund), approximately 12.8% of the global population is over 60 years old, with this figure expected to rise to 22% by the end of 2050. As a result, there is an increase in the geriatric population and a need for minimally invasive procedures. Thus, a surge in the geriatric population and the need for minimally invasive practices are key factors boosting the expansion of the peripheral intravascular ultrasound (IVUS) catheter market.

Restraints/Challenges

• Growing healthcare expenditure

Rising healthcare expenditure is the major factors among others which will obstruct the market growth of peripheral intravascular ultrasound (IVUS) catheter market in the forecast period mentioned above.

This peripheral intravascular ultrasound (IVUS) catheter market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the peripheral intravascular ultrasound (IVUS) catheter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Peripheral Intravascular Ultrasound (IVUS) Catheter Market Scope

The peripheral intravascular ultrasound (IVUS) catheter market is segmented on the basis of product type, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

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

Application

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Others

Peripheral Intravascular Ultrasound (IVUS) Catheter Market Regional Analysis/Insights

The peripheral intravascular ultrasound (IVUS) catheter market is analyzed and market size insights and trends are provided by country, product type, and application as referenced above.

The countries covered in the peripheral intravascular ultrasound (IVUS) catheter market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the peripheral intravascular ultrasound (IVUS) catheter market because of the prevalence of favourable reimbursement policies, as well as the increasing occurrences of cardiovascular disorders and the adoption of innovative technologies.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the region's growing healthcare and pharmaceutical industries and rising cardiovascular disease rates.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The peripheral intravascular ultrasound (IVUS) catheter market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for peripheral intravascular ultrasound (IVUS) catheter market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the peripheral intravascular ultrasound (IVUS) catheter market. The data is available for historic period 2011-2021.

Competitive Landscape and Peripheral Intravascular Ultrasound (IVUS) Catheter Market Share Analysis

The peripheral intravascular ultrasound (IVUS) catheter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to peripheral intravascular ultrasound (IVUS) catheter market.

Some of the major players operating in the peripheral intravascular ultrasound (IVUS) catheter market are:

• BIOTRONIK SE & Co. KG (Germany)
• MicroPort Scientific Corporation (China)
• Jotech GmbH (Germany)
• Johnson & Johnson Private Limited (U.S.)
• Vascular Solutions, Inc. (U.S.)
• Abbott (U.S.)
• BD (U.S.)
• Boston Scientific Corporation (U.S.)
• Medtronic (Ireland)
• Cook (U.S.)
• Johnson & Johnson Private Limited (U.S.)
• Smith+Nephew (Germany)
• Cardinal Health (U.S.)
• Terumo Corporation (Japan)
• Conavi Medical (U.S.)
• Edwards Lifesciences Corporation (U.S.)
• Infraredx, Inc. (U.S.)
• Getinge AB (Sweden)
• Coloplast Corp (Denmark)
• McKesson Medical-Surgical (U.S.)

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