Global Intravascular Ultrasound Market 2016-2020

Overview of the intravascular ultrasound market

According to the market research analysts at Technavio, the global intravascular ultrasound (IVUS) market is anticipated to witness steady growth and will post a moderate CAGR of more than 6% over the forecast period. Recent advancements in semiconductor technology have led to the development of efficient power saving intravascular ultrasound devices, which is one of the significant factors driving the IVUS market growth. Semiconductor manufacturers are making efforts to develop efficient, innovative designs that consume less power because high power consumption is a primary concern for most hospitals as they require a huge number of medical devices that need power throughout the day. According to this intravascular ultrasound industry analysis, many vendors are collaborating with semiconductor companies to develop medical devices that are efficient, easy to handle and require less power. Moreover, hospitals, private clinics, and diagnostic centers in developing countries like India, China, and Malaysia are readily opting for these devices as continuous power supply is a major issue in these countries.

In terms of geography, the Americas was the highest revenue contributing region during 2015 and will continue to dominate the IVUS market growth until the end of 2020. Advances in technology and the availability of reimbursements by Medicare is expected to propel the the IVUS market growth in the US. Manufacturers of intravascular ultrasounds in the US are innovating and extending product lines to increase their market shares over the coming years. Also, the increasing incidences of cardiovascular diseases, awareness about advanced medical devices, and presence of sophisticated healthcare infrastructure will drive the market for intravascular ultrasound in the region.

Competitive landscape and key vendors

The global intravascular ultrasound market is primarily dominated by two major vendors, Philips volcano and Boston Scientific. Some of the vendors in developed markets are focusing on product innovations to extend their product lines and increase their market shares. It is difficult for new entrants to the enter the market owing to the presence of well-established vendors, but a few major medical devices companies are acquiring prominent vendors to enter this market. The intravascular ultrasound (IVUS) industry trends suggest that the local vendors in emerging countries are a tough competition for global players with respect to product pricing. All these factors contribute to intense competition in the market.

 Key vendors in this market are -

• Philips Volcano
• Boston Scientific
• GE Healthcare
• Siemens Healthineers

Other prominent vendors in the market include Avinger, Hitachi Aloka Medical America, Infraredx, Medtronic, Samsung Medison, Silicon Valley Medical Instruments, and St. Jude Medical.

Product segmentation and analysis of the intravascular ultrasound market

• IVUS catheters
• IVUS consoles
• Accessories

The IVUS catheters segment accounted for the majority of market shares and will continue to lead the market over the next four years. Disposable IVUS catheters are being increasingly used in hospitals and diagnostics centers as they reduce the chances of infections and do not require cleaning or maintenance. Moreover, these are cost-effective, reducing the overall treatment cost, which will lead to their augmented adoption over the next four years.

Segmentation by end user and intravascular ultrasound industry analysis

• Hospitals and private clinics
• Diagnostic centers

During 2015, the hospitals and private clinic segment was the highest revenue contributing segment in the market and will continue to dominate the market until the end of 2020. The rise in the number of hospital admissions for cardiac diseases is leading hospitals to invest more in intravascular ultrasound devices. Moreover, the number of people opting for these tests is high in hospitals both in outpatient and inpatient settings, which will contribute to this segment’s growth in the future.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global intravascular ultrasound market?
• What are the key intravascular ultrasound (IVUS) industry trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global intravascular ultrasound market?
• What are the market opportunities and threats faced by the vendors in the global intravascular ultrasound market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global intravascular ultrasound market?

Technavio also offers customization on reports based on specific client requirement.

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