The Intravascular Imaging Market is set to grow due to increased adoption and prevalence of vascular diseases, with North America leading the market.
Intravascular imaging allows healthcare professionals to examine the inner structure and changes in the internal lining of the blood vessels. There are various uses of the intravascular imaging techniques and are used for different applications.
Various diseases such as disseminated intravascular coagulation (DIC), blocking of blood vessels due to blood clot or sepsis, heart related diseases due to coronary blockage, etc. are some of the chronic diseases which requires timely and precise diagnosis. As per American Society of Hematology, disseminated intravascular coagulation develops in 10% of patients suffering from acute lymphoblastic leukemia (ALL).
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Intravascular Imaging Market: Drivers and Restraints
The intravascular disease is generally linked to diet, age, physical activities, etc. and hence aging population of the world expected to increase the prevalence of diseases related to blood vessels in turn driving the growth of intravascular imaging market.
With superior efficacy of the intravascular imaging methods for diagnosis of blood vessel disease, the adoption of intravascular imaging expected to increase significantly driving the growth of the intravascular imaging market. Increasing availability of different products across the globe including developing countries further expected to drive the growth of the intravascular imaging market.
The extended effort by manufacturers to develop technologically advanced diagnostic devices further expected to fuel the growth of the intravascular imaging market. Globally increasing prevalence of the deep vein thrombosis, heart diseases with coronary block, etc. further expected to increasing patient footfall in diagnostic centers driving the growth of the intravascular imaging market.
Globally increasing collaborations, mergers & acquisitions, partnerships between the regional and global market players further expected to drive the growth of the intravascular imaging market. Whereas, the slow pace of the improving healthcare infrastructure in various developing countries may hamper the potential growth of the intravascular imaging market.
Intravascular Imaging Market: Overview
The global intravascular imaging market is expected to experience significant growth over the forecast period attributing to increasing adoption of the intravascular imaging methods. By product type, the market is expected to be dominated by Optical Coherence Tomography (OCT) segment due to superior nature of imaging.
By application, the global intravascular imaging market is expected to be dominated by Disseminated Intravascular Coagulation (DIC) due to higher prevalence of the disease. By end user, intravascular imaging market is expected to be dominated by diagnostic laboratories due to higher patient footfall for the diagnostic test. The manufacturers in the intravascular imaging market are looking to expand their product footprint for better sales prospect across the world.
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Intravascular Imaging Market: Regional Outlook
The global intravascular imaging market is expected to be dominated by North America due to higher number of diagnostic procedures carried out in the region. Europe expected to be second most lucrative region in the global intravascular imaging market owing to higher prevalence of vascular diseases in the region. Latin America is expected to experience steady growth in the global market owing to increasing product availability in the region.
Asia-Pacific is expected to be the fastest growing region in global market due to rapidly improving state of healthcare infrastructure in the region. Whereas, Middle East & Africa is expected to be the least lucrative region in market due to least adoption of the intravascular imaging products.
Intravascular Imaging Market: Key Players
The key participants operating in the global intravascular imaging are: Acqiris, NIDEK CO. LTD., AGFA Healthcare, Aculight Carl Zeiss AG, Heidelberg Engineering Inc., Optopol, Sonostar Technologies Co.Ltd., OPKO Health, AlazarTech and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Intravascular Imaging Market: Segmentation
The global intravascular imaging market is segmented based on the product type, application, end user and region.
On the basis of product type, the global intravascular imaging market segmented as:
On the basis of application, the global intravascular imaging market segmented as:
On the basis of end use, the global intravascular imaging market segmented as:
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The article discusses the growth and potential ROI in the Intravascular Imaging Market from 2019 to 2029.
Market growth is driven by the aging population, prevalence of vascular diseases, and technological advancements.
North America dominates the market due to a high number of diagnostic procedures.
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