Intravascular ultrasound market to reach a value of $695.7 million by 2018

Press Release   •   Dec 11, 2013 09:15 GMT

The Intravascular Ultrasound (IVUS) market has been forecast to reach a value of $695.7 million by 2018, driven by the rising incidence of peripheral and coronary artery diseases aggravated by poor lifestyle habits and increasing prevalence of co-morbid conditions including diabetes and obesity.

Intravascular ultrasound allows the application of ultrasound technology to see from inside blood vessels out through the surrounding blood column, visualising the endothelium (inner wall) of blood vessels in living individuals.

Since its introduction in the 1990s, intravascular ultrasound dramatically widened the horizons of invasive coronary intervention and emerged as a critical adjunctive imaging tool for coronary angiography.

IVUS is fast becoming a benchmark for atherosclerosis imaging, enabling highly sensitized detection of stenosis, and accurate characterisation and quantitative assessment of plaque, besides optimising stenting procedures.

The fast growing aging global populace, and the rising incidence and prevalence of cardiovascular diseases continues to drive the demand for Percutaneous Coronary Intervention (PCI) procedures, which in turn is propelling the use of IVUS.

According to a recent market report, 'Intravascular Ultrasound (IVUS): A Global Strategic Business Report,' Japan represents the largest market worldwide, supported by a favourable domestic reimbursement structure and relatively high number of PCI and complex surgical procedures performed in the country.

Buoyed by favourable macroeconomic and demographic factors, emerging economies are expected to spearhead growth with Asia-Pacific forecast to display the fastest compound annual growth rate (CAGR) of 13.9% over the next five years.

The lack of a flexible reimbursement structure similar to the Japanese model, coupled with the lack of adequate training, are factors inhibiting growth in the US, Europe and other major geographic markets.

For more information on the intravascular ultrasound market, see the latest research: Intravascular Ultrasound Market

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