# Intravascular Ultrasound Devices Market Trends and Opportunities by 2031 Details Shared in Report
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-16
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Intravascular Ultrasound (IVUS) Devices Market: Rise in
Meta Description: Discover the latest trends and projections in the global IVUS devices market, including key factors driving market growth. Learn more now!
URL: https://financedigest.com/intravascular-ultrasound-devices-market-trends-and-opportunities-by-2031-details-shared-in-reporthtml

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**Intravascular Ultrasound (IVUS) Devices Market: Introduction**

According to the report, the global [intravascular ultrasound (IVUS) devices market](https://www.transparencymarketresearch.com/intravascular-ultrasound-devices-market.html) was valued at ~US$ 600 Mn in 2020. It is projected to expand at a CAGR of ~7% from 2021 to 2031. IVUS devices are used to assess vessel/lumen diameter and lesion length. It helps to determine the amount of plaque buildup in a vessel and its composition. It is further used to ensure that stents have been properly placed and fully deployed. Rise in the need of IVUS procedures during PCI procedures and increase in the adoption of IVUS systems in hospitals and diagnostic centers are key factors that are likely to drive the global intravascular ultrasound (IVUS) [devices market](https://www.financedigest.com/a-report-on-global-ophthalmic-devices-market-by-pmr.html "A Report On Global Ophthalmic Devices Market By PMR") during the forecast period.

North America held a major share of the global intravascular ultrasound (IVUS) [devices market](https://www.financedigest.com/orthopedic-trauma-devices-market-is-slated-to-rise-at-a-cagr-of-6-9-to-close-in-on-us-14-8-billion-by-2028.html "Orthopedic Trauma Devices Market is slated to rise at a CAGR of 6.9% to close in on US$ 14.8 Billion by 2028") in 2020, owing to the availability of skilled doctors, well-established healthcare facilities, and high healthcare expenditure. The intravascular ultrasound (IVUS) devices [market in Asia Pacific is projected to expand at a notable CAGR](https://www.financedigest.com/bag-in-tube-market-estimated-to-expand-at-a-robust-cagr-by-2029.html "Bag-in-Tube Market Estimated to Expand at a Robust CAGR By 2029") of 8.5% from 2021 to 2031, owing to a surge in patient pool and rise in adoption of technologically advanced diagnostic equipment.

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**High Incidence Rate of Cardiovascular Disorders to** [Drive Market](https://www.financedigest.com/discrete-digitization-to-drive-the-chromatographic-separation-resins-market.html "Discrete digitization to drive the Chromatographic Separation Resins Market")

According to the statistics reported by WHO, cardiovascular diseases are the number one cause of death, accounting for nearly 17.9 million [deaths globally every year](https://www.financedigest.com/death-of-former-pope-benedict-overshadows-new-year-at-vatican.html "Death of former Pope Benedict overshadows New Year at Vatican"). Cardiovascular diseases are a group of rheumatic heart disease, cerebrovascular disease, coronary heart disease, and other conditions. CDC states that about 30.3 million adults were diagnosed with heart disease, i.e., 12.1% of the total adult population in the U.S., in 2018. The primary causes of high incidence of cardiovascular diseases include diabetes, smoking, hyperlipidemia, hypertension, obesity, poor nutrition, and lack of physical activity. Thus, large cardiovascular patient base is anticipated to boost the intravascular ultrasound devices [market during the forecast](https://www.financedigest.com/commercial-slush-machine-market-comprehensive-shares-historical-trends-and-forecast-by-2028.html "Commercial Slush Machine Market Comprehensive Shares, Historical Trends And Forecast By 2028") period.

**IVUS Consoles Held Major Share of Intravascular Ultrasound (IVUS)** [Devices Market](https://www.financedigest.com/cotinine-screening-devices-market-is-expected-to-increase-at-a-robust-cagr-of-5-during-2019-2029.html "Cotinine Screening Devices Market is expected to increase at a Robust CAGR of 5% during 2019-2029")

Based on product, the global intravascular ultrasound (IVUS) devices market has been bifurcated into IVUS consoles and IVUS catheters. The IVUS consoles [segment dominated the market](https://www.financedigest.com/cervical-retractors-market-insights-with-upcoming-trends-segmentation-opportunities-and-forecast-to-2031.html "Cervical Retractors Market Insights with Upcoming Trends Segmentation, Opportunities and Forecast to 2031") in 2020, owing to rise in the demand for intravascular ultrasound consoles assisted cardiovascular surgeries.

**Need of Intravascular Ultrasound (IVUS) Devices in Coronary Intervention**

In terms of application, the global intravascular ultrasound (IVUS)   has been classified into coronary diagnosis, coronary intervention, coronary research, and non-coronary/peripheral applications. The coronary intervention segment dominated the global intravascular ultrasound (IVUS) devices market in 2020, and the [trend is projected to continue](https://www.financedigest.com/volkswagen-strikes-below-inflation-wage-deal-continues-german-trend.html "Volkswagen strikes below-inflation wage deal, continues German trend") during the forecast period. A surge in the use of intravascular ultrasound during coronary intervention procedures is expected to drive the segment during the forecast period.

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**Hospitals to be Major End User**

In terms of end user, the global intravascular ultrasound (IVUS) devices market has been categorized into hospitals, specialty clinics, ambulatory surgical centers, diagnostic laboratories, and research institutes. The hospitals segment held a major share of the global intravascular ultrasound (IVUS) devices market in 2020. The dominance of this segment can be attributed to the budget availability to purchase expensive systems such as IVUS consoles and large patient base.

**North America to Dominate Global Market; Asia Pacific to Offer Significant Opportunities**

In terms of region, the global intravascular ultrasound (IVUS) devices [market has been segmented](https://www.financedigest.com/anodized-titanium-market-trends-segmentation-outlook-industry-report-to-2031-2.html "Anodized Titanium Market Trends, Segmentation, Outlook, Industry Report to 2031") into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for a prominent share of the global intravascular ultrasound (IVUS) devices [market during the forecast](https://www.financedigest.com/arc-ferrite-magnet-market-size-share-and-trends-industry-forecast-report-2031.html "Arc Ferrite Magnet Market Size, Share and Trends | Industry Forecast Report 2031") period. [Rise in prevalence of cardiovascular diseases and increase in geriatric population are major factors driving](https://www.financedigest.com/nestle-sales-soar-as-price-rises-drive-growth.html "Nestle sales soar as price rises drive growth") the market in North America.

According to American Heart Association estimates, by 2035, over 130 million adults are likely to suffer from cardiovascular disorders in the U.S., which, in turn, is boosting the demand for intravascular ultrasound (IVUS) devices. The [market in Europe is expected to expand at a considerable CAGR in the near](https://www.financedigest.com/mull-it-over-living-near-the-uks-best-christmas-markets.html "Mull it over: Living near the UK’s best Christmas markets") future, owing to an increase in patient pool suffering from cardiovascular disorders and introduction of technologically advanced products in the region.

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The intravascular ultrasound (IVUS) devices [market in Asia Pacific is likely to expand at a rapid pace in the near future](https://www.financedigest.com/histidine-market-outlook-current-and-future-industry-landscape-analysis-2029.html "Histidine Market Outlook, Current and Future Industry Landscape Analysis 2029"). This expansion can be majorly attributed to the availability of trained and well-qualified technicians and [rise in adoption of technologically advanced](https://www.financedigest.com/mono-carton-market-drivers-growth-opportunities-and-advanced-technologies-in-rising-business-by-2029.html "Mono Carton Market Drivers, Growth Opportunities And Advanced Technologies In Rising Business By 2029") diagnostic equipment.

**[Growth Strategies of Key](https://www.financedigest.com/leave-in-conditioner-market-industry-outlook-growth-prospects-and-key-opportunities.html "Leave-In Conditioner Market: Industry Outlook, Growth Prospects and Key Opportunities") Players**

Key players operating in the global intravascular ultrasound (IVUS) devices market are Axle International, Boston Scientific Corporation, Infraredx, Inc., Koninklijke Philips N.V., Terumo Corporation, Siemens Healthineers AG, Conavi Medical Inc. and ACIST Medical Systems. These companies [engage in research & development to develop novel products in order to expand product offerings and customer](https://www.financedigest.com/customer-engagement-trends-that-will-rule-banking-and-financial-services-in-2021.html "Customer Engagement Trends that Will Rule Banking and Financial Services in 2021") base. In May 2019, Koninklijke Philips N.V. [launched the new IntraSight interventional applications platform](https://www.financedigest.com/jetlearn-the-worlds-first-web-3-0-online-academy-for-k-12-raises-e1-2m-in-seed-round-to-launch-its-platform-in-the-uk.html "JetLearn, the world’s first Web 3.0 online academy for K-12, raises €1.2m in seed round to launch its platform in the UK"). It enables systems to integrate physiology and intravascular imaging applications for image-guided procedures. This product [launch enabled the company to expand its product portfolio and strengthen its position in the global](https://www.financedigest.com/q-acoustics-push-global-expansion-with-canada-launch.html "Q Acoustics Push Global Expansion with Canada Launch") intravascular ultrasound (IVUS) devices market.

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