NEWARK, Del, Sept. 13, 2023 (GLOBE NEWSWIRE) -- The intravascular imaging market is expected to be worth US$ 387.8 million in 2023. The market is expected to be worth US$ 656.29 million by 2033. During the projection period of 2023 to 2033, the market is estimated to grow at a CAGR of 5.4%.
Over the projected period, further technological innovation, especially AI-enhanced imaging, is likely to drive market expansion. Prospects for growth may arise in developing nations with expanding healthcare infrastructure. The world's ageing population may raise the demand for intravascular imaging, especially for personalized medicine applications.
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Regulation modifications will continue to have a significant impact on market dynamics and the rate of technological adoption. The intravascular imaging market is expected to evolve significantly between 2023 and 2033, driven by technological advancements and altering healthcare requirements.
The increasing demand for intravascular imaging is also being pushed by institutional and office-based physician efforts to reduce healthcare costs. The drive towards downsizing, adaptability, and inexpensiveness has influenced the increasing usage of intravascular imaging systems.
The continuing efforts of companies to manufacture technologically advanced diagnostic equipment are expected to fuel intravascular imaging sales and contribute to the intravascular imaging market share growth. Globally rising rates of deep vein thrombosis, heart disease with coronary occlusion, and other disorders are expected to increase patient traffic in diagnostic centers, fueling intravascular imaging market development.
Key Takeaways from the Intravascular Imaging Market Study
- The United States is predicted to reach US$ 700 million by 2033.
- The United States is predicted to increase at a 5.6% annual rate.
- The intravascular imaging market in the United Kingdom is expected to reach US$400 million by the end of the forecast period.
- China's intravascular imaging industry is anticipated to be worth US$850 million.
- The intravascular imaging market in Japan is expected to develop significantly, reaching US$ 700 million by 2033.
“Due to the increased effectiveness of intravascular imaging methods for the diagnosis of blood vessel disease, broad adoption of intravascular imaging is expected to significantly increase the popularity of intravascular imaging while accelerating intravascular imaging revenue growth,” says an FMI analyst.
Intravascular Imaging Market Competitive Landscape
The major companies in the intravascular imaging market are attempting to expand their product footprint in order to strengthen their global sales chances. Collaborations, mergers and acquisitions, and agreements between regional and global market leaders are also expected to increase intravascular imaging market share.
- Siemens Healthineers launched Luminos Impulse, a fluoroscopy technology with a cutting-edge layout and characteristics shared by high-end fluoroscopy systems including an intuitive imaging chain, complete dose optimization, cybersecurity attributes, and detector-sharing capacity for radiography, in September 2021.
- In May 2021, Siemens Healthineers launched Somatom X.ceed, a one-of-a-kind high-resolution, fast-paced CT (computed tomography) scanner intended exclusively for exceptionally demanding medical uses where time and precision are important.
Key Players in the Intravascular Imaging Market:
- Acqiris
- NIDEK CO. LTD.
- AGFA Healthcare
- Aculight Carl Zeiss AG
- Heidelberg Engineering Inc.
- Optopol
- Sonostar Technologies Co.Ltd.
- OPKO Health
- AlazarTech
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Segmentation Analysis of the Intravascular Imaging Market
By Product Type:
- Instruments
- Software
By Modality:
- Handheld
- Trolley Mounted
By End User:
- Hospitals
- Diagnostic Imaging Centers
- Ambulatory Surgical Centers
- Long Term Care Centers
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
More Valuable Insights of Intravascular Imaging Market
Future Market Insights, in its new offering, presents an unbiased analysis of the global Intravascular Imaging market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights by Product Type (Instruments, Software), Modality (Handheld, Trolly Mounted), End User (Hospitals, Diagnostic Imaging Centers, Ambulatory Surgical Centers, Long Term Care Centers, Others), and Region.
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News
Have a Look at Related Reports of Intravascular Imaging Market:
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Molecular Imaging Market: The global molecular imaging market is expected to secure US$ 5,437.2 million in 2023. During the forecast period, the market is projected to exhibit a CAGR of 11.0% while garnering US$ 15,457.48 million.
Nuclear Imaging Devices Market: The nuclear imaging devices market is likely to record a CAGR of 5% during the forecast period, up from US$ 2.6 Bn in 2021 to reach a valuation of US$ 3.4 Bn by 2024.
Specific Imaging Solution Market: The global specific imaging solution market enjoys a valuation of US$ 380.8 Million in 2022, and it is further projected to expand at a CAGR of 6.5% over the forecasted years.
Intravascular Ultrasound Systems Market: The global intravascular ultrasound systems market size is worth US$ 772 Mn in 2022. The market is projected to witness a robust CAGR of 5% over the forecast period to arrive at a market valuation of US$ 1,257.51 Mn by 2032
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