Continued Reliance on IVUS as a Valuable Adjunct to Angiography, Against the Backdrop of Technology Innovation, Rising Incidence of Coronary Artery Diseases & Increased Endovascular Interventions to Benefit Market Growth


Rising incidence of coronary artery disease; technology development and launch of integrated systems, such as IVUS-OCT systems; and preference for less invasive endovascular interventions for management of coronary artery atherosclerosis are poised to drive the global market for Intravascular Ultrasound (IVUS) market to reach US$814 million by 2024. 

The global intravascular ultrasound market is expected to post a steady growth in the coming years on account of increasing cases of coronary artery disease. IVUS holds enormous potential in terms of its ability to address unmet needs in the early detection and intervention of coronary artery diseases. IVUS technology is used for visualizing and assessing the plaque build-up and coronary lesions. In addition to assessment of coronary lesions, IVUS is being increasingly used in placement of stent in percutaneous coronary intervention. Overall adoption of intravascular ultrasound systems is facilitated by increasing number of stent procedures, coupled with rising demand for minimally-invasive procedures. The market growth is likely to be propelled by growing prevalence of cardiovascular diseases, rising obese and geriatric population, and sedentary lifestyles. The limitations of traditional angiography have and will continue to drive the importance of IVUS as a valuable adjunct to angiography in terms of providing new insights and cross sectional data regarding plaque morphology that aid in improving coronary disease diagnosis and treatment outcomes.

The IVUS market is also being driven by the growing popularity of integrated systems, such as IVUS-OCT, IVUS-NIRS, IVUS-IVPA systems, etc. After overcoming initial hurdles, the speed of a synchronized integrated IVUS-OCT system currently is fast enough for safe imaging of coronary arteries. Integrated IVUS-NIRS enables lipid content from the NIRS chemogram image to be mapped onto the coronary artery structural information gathered by the IVUS transducer, thereby enabling more exact detection of vulnerable plaque. Integrated IVUS-IVPA not only quantifies plaque lipid components, but also incorporates IVUS image to clarify any ambiguity such as calcification-based photo acoustic signals. Among all the multi-modality techniques, multi-frequency IVUS is notable for its cost-effectiveness and lack of need for an optical laser source. However, costs and commercialization of all integrated IVUS multimodalities would depend on their FDA approval, reimbursement policies, and also business development strategies of their developers.

As stated by the new market research report on Intravascular Ultrasound, the United States represents the largest region for IVUS due to a massive base of cardiovascular patients in the region, along with supportive reimbursement framework and the presence of major players in the region. Japan also represents an important market for intravascular ultrasound devices due to favorable reimbursement policies. Asia-Pacific is expected to spearhead growth in the global IVUS market through the analysis period, driven rising cardiovascular diseases, increasing PCI procedural volume, and favorable reimbursement structure.

Major players in the market include Boston Scientific Corp., Infraredx Inc., Koninklijke Philips N.V. (Royal Philips), Terumo Corp., and Siemens Healthineers.

The research report titled "Intravascular Ultrasound - Market Analysis, Trends, and Forecasts" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, FDA approvals, clinical studies, mergers and acquisitions, and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets, such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Key segments analyzed include IVUS Catheters, IVUS Consoles, and Others (such as Pullback Devices, among Other Accessories).

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.

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