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ContinueThe global Intravascular Ultrasound Market size is estimated to reach USD 1147.1 million in 2030 and is projected to grow at a CAGR of 5.2% from 2024 to 2030. The rising prevalence of cardiovascular disorders coupled with the increasing demand for effective diagnostic techniques is the key factor driving the market. Moreover, consistent technological advancements are further expected to boost market growth during the forecast period. Intravascular ultrasound (IVUS) is an effective intravascular imaging modality as this technology overcomes numerous disadvantages of angiography, which utilizes X-ray technology to create images.
Furthermore, the growing demand for advanced and accurate medical imaging is resulting in the rapid development of Artificial Intelligence (AI). For instance, in March 2021, GE Healthcare announced a portable Point-of-Care Ultrasound Device (POCUS) called Venue Fit, in addition to an industry-first AI tool for cardiac imaging. Favorable reimbursement policies for coronary intervention procedures in developed countries are further anticipated to boost industry growth over the forecast period. The Centers for Medicare & Medicaid Services (CMS) offers favorable healthcare insurance policies for various cardiovascular procedures.
This may increase the number of patients opting for such services. Some of the prominent companies in the industry are undertaking different initiatives, such as funding and acquisitions of medium- and small-sized businesses to expand their product portfolios and enhance their manufacturing capacities. For instance, in August 2020, Philips launched Affiniti CVx a cardiovascular ultrasound system. The solution is designed to help cardiology departments provide better care to more patients with enhanced efficiency and throughput.
List of Key Players in Intravascular Ultrasound Market
Related Press Release@ Intravascular Ultrasound Market Report
Intravascular Ultrasound Market Report Highlights
Report Attribute |
Details |
Market size value in 2024 |
USD 846.4 million |
Revenue forecast in 2030 |
USD 1147.1 million |
Growth rate |
CAGR of 5.2% from 2024 to 2030 |
Actual data |
2018 - 2023 |
Forecast period |
2024 - 2030 |
Intravascular Ultrasound Market Segmentation
Grand View Research has segmented the global intravascular ultrasound market report on the basis of modality, product, end use, and region
Intravascular Ultrasound Modality Outlook (Revenue, USD Million, 2018 - 2030)
Intravascular Ultrasound Product Outlook (Revenue, USD Million, 2018 - 2030)
Intravascular Ultrasound End Use Outlook (Revenue, USD Million, 2018 - 2030)
Intravascular Ultrasound Regional Outlook (Revenue, USD Million, 2018 - 2030)
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