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Intravascular ultrasound (IVUS) is a medicinal imaging procedure utilizing a specially designed catheter with a miniaturized ultrasound test joined to the distal end of the catheter. Intravascular ultrasound (IVUS) utilizes a transducer or probe to generate sound waves and create a pictures of blood vessels. Intravascular ultrasound is mostly used to evaluate the coronary arteries to determine the amount of the atheromatous plaque built up at any particular point in the epicardial coronary artery. IIVUS can shows the entire artery wall from the inside-out and provide important information about the build-up of plaque, which can help determine if a person is at risk for heart attack. IVUS is most often used to visualize the coronary arteries in conjunction with or to help plan for catheter angiography or angioplasty and vascular stenting.
Major factors driving the growth of Intravascular Ultrasound (IVUS) Market include increasing prevalence of cardiovascular diseases coupled with the government and private funding for R&D in ultrasound imaging and the technological advancements in image guided therapeutic treatment. According to World Health Organization (WHO), cardiovascular diseases are the number one cause of deaths across the world. In the year 2016, around 18 million people died of cardiovascular diseases globally, accounting for almost 31% of total global deaths. This can be prevented if these diseases are diagnosed on time with the assistance of various methodologies including intravascular ultrasound framework. The significant contribution to medical diagnostics and the ease of use have created a huge demand, and therefore, attracted various funding bodies to invest, which is anticipated to increase in the coming years. However, the high cost of IVUS, and stringent regulation for product approval are the factors that acts as challenge to the growth of the market.
The report analyses the Intravascular Ultrasound (IVUS) Market by on product, modality, end user, and geography
Based on product, the intravascular ultrasound market is segmented into IVUS consoles, IVUS Catheters and accessories. Accessories are further segmented into catheters, guidewires, and others. IVUS consoles segment is further categorised into Integrated Consoles and Cart version Consoles. Accessories segment is comprising of pullback devices, guide wires and introducer sheaths. Catheters holds the dominated the market in 2018, as it a crucial component of an IVUS test. The segment is expected to grow at a lucrative pace over the forecast period owing to the rising cases of cardiovascular diseases which requires the use of intravascular ultrasound catheters for surgeries.
Based on modality, the market is segmented into virtual histology IVUS, iMap, and integrated backscatter IVUS. The iMap segment is anticipated to observe the fastest growth over the forecast period. iMap modality uses frequency spectrum and histology derived database for tissue characterization an it provides a better classification of plaque.
With respect to the end users, the Intravascular Ultrasound (IVUS) Market is categorised into hospitals, diagnostic centers, research and institute among others. With the significant number of ultrasound-based medical procedures performed in hospitals coupled with the rising awareness pertaining to the benefits of early diagnosis increases the demand of intravascular ultrasound (IVUS) in hospital.
North America is expected to hold dominant position in the global intravascular ultrasound system market over the forecast period, owing to rising incidence of cardiovascular diseases, coupled with the increasing adoption of technologically advanced devices, favourable reimbursement scenario and growing demand for minimal invasive procedure in this region.
The Asia-Pacific region is anticipated to emerge as the area with maximum growth potential. It is anticipated to be the fastest growing segment over the forecast period. The growth in this region is mainly attributed to the presence of high unmet medical needs and constantly improving healthcare infrastructure to cure chronic disorders in these nations. Moreover, the rapidly growing geriatric population and rising disposable income in emerging nations is set to drive the market in Asia-Pacific region.
The major players in the Intravascular Ultrasound (IVUS) Market includes Philips, GE Healthcare, Inc., Canon Medical Systems, Hitachi, Boston Scientific Corporation, Fujifilm Medical Systems, Siemens Healthcare, and Canon Medical among others.
February, 2019: Canon Medical Systems USA launched the new flagship Alphenix platform that incorporates all-new features to enable clinicians to deliver images with clarity and precision without compromising workflow and while prioritizing low dose.
The report analyses the Intravascular Ultrasound (IVUS) Market by on product, modality, end user, and geography.
Based on product, the intravascular ultrasound market is segmented into IVUS consoles, IVUS Catheters and accessories. Accessories are further segmented into catheters, guidewires, and others. IVUS consoles segment is further categorised into Integrated Consoles and Cart version Consoles. Accessories segment is comprising of pullback devices, guide wires and introducer sheaths. Based on modality, the market is segmented into virtual histology IVUS, iMap, and integrated backscatter IVUS. With respect to the end users, the Intravascular Ultrasound (IVUS) Market is categorised into hospitals, diagnostic centers, research and institute among others.
Geographically, Intravascular Ultrasound (IVUS) Market studies across North America, Europe, APAC & Rest of the world.
The major players in the Intravascular Ultrasound (IVUS) Market includes The major players in the Intravascular Ultrasound (IVUS) Market includes Philips, GE Healthcare, Inc., Canon Medical Systems, Hitachi, Boston Scientific Corporation, Fujifilm Medical Systems, Siemens Healthcare, and Canon Medical among others.
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