Overview of the global vascular imaging market
Healthcare providers are compelled to use medical imaging for early diagnosis to reduce the incidence of recurring disorders. Technavio’s market research report identifies that the rising need for early diagnosis and preventive measures will be one of the primary growth drivers for the global vascular imaging market until 2021. The early detection of chronic diseases such as CVD, cancer, obstetrics, and gynecological disorders using better diagnostic procedures like ultrasound, MRI, CT, and nuclear medicine will improve the treatment therapy.
Also, the medical imaging industry is moving towards the imaging informatics, hybrid modalities, and follow-up treatment to perform early detection and diagnosis of various vascular diseases. Advanced imaging techniques such as SPECT/PET help healthcare providers to distinguish between stable plaque and unstable or vulnerable plaque in arteries. Vascular imaging also quantifies the efficacy of novel therapies. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 6% by 2021.
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Vascular imaging market growth based on regions
The increasing use of vascular imaging equipment for various CVD conditions in the Americas will propel the growth prospects for the global vascular imaging market in the region. In addition, the region is witnessing technological advancement for all the vascular imaging modalities. The market will continue to grow in the region in the forthcoming years due to the faster product launches by vendors in the US. For instance, the launch of Lumify ultrasound by Philips Healthcare allows the examination of abdomen and lungs, gallbladder, in addition, superficial, musculoskeletal, ob-gyn, vascular and soft tissue functionality.
Vascular imaging market forecast: Competitive landscape and key vendors
The vascular imaging market is highly competitive and concentrated due to the presence of many vendors. Few bigger companies are acquiring smaller or innovative companies to strengthen their technological expertise. This will help them to broaden their product portfolio and survive in the long run. Vendors of the vascular ultrasound imaging market are also focusing on product line extensions and product innovations to increase their market share.
Key vendors in the vascular imaging market
- Siemens Healthcare
- Philips Healthcare
- GE Healthcare
- Toshiba Medical Systems
- Hitachi Medical
Vascular imaging market segmentation by product
- Ultrasound
- Nuclear imaging
- CT
- MRI
- X-ray
The application of ultrasound cerebral angiography coupled with the rising awareness about early preventive measures is driving the need for vascular ultrasound imaging. Also, the demand for diagnosis and treatment by 2D/3D/4D and 5D ultrasound imaging equipment is increasing due to the rise in geriatric population, increase in the prevalence of cardiovascular diseases (CVD), and increased the birth rate on a global level.
Vascular imaging market segmentation by end-user
- Hospitals
- Diagnostic centers
- ASCs
- Research centers
The majority of patient pool prefer large-sized hospitals and general government hospitals over other healthcare units because they are focusing on enhancing the efficiency of diagnosis by adopting digital medical imaging equipment, including digital X-ray equipment. These medical instruments are equipped with several technologies such as picture archiving and communication system (PACS) and complementary metal-oxide-semiconductor (CMOS) technology.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global vascular imaging market?
- What are the key market trends impacting the growth of the global vascular imaging market?
- What are the challenges to market growth?
- Who are the key vendors in the global vascular imaging market?
- What are the market opportunities and threats faced by the vendors in the global vascular imaging 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 vascular imaging market?
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