Europe Intravascular Ultrasound (IVUS) Devices Market

The Europe intravascular ultrasound devices market is expected to reach US$ 299.92 million by 2028 from US$ 183.95 million in 2021; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028.

The growth of the market is attributed to the rising prevalence of coronary disorders and a surge in the geriatric population. However, product recalls restrain the market growth.

Cardiovascular diseases (CVDs), including coronary heart disease, arrhythmias, and other conditions, continue to be the most significant cause of morbidity and mortality worldwide. These diseases mainly affect the heart and blood vessels. An unhealthy diet is one of the most important lifestyle factors that lead to CVDs. The growing prevalence of arrhythmia and other CVDs is encouraging the introduction of improved diagnostic methods. Intravascular Ultrasound Devices (IVUS) are the most effective instruments for detecting coronary artery disease and other related conditions. According to the World Health Organization (WHO), CVDs are the leading cause of death, with 17.9 million deaths caused in the world each year; moreover, 30 million people suffer from stroke every year. According to its factsheets, ~17.7 million people died due to CVDs in 2017, of which ~7.4 million mortalities were due to coronary heart disease and 6.7 million were due to stroke.

Furthermore, the European Society of Cardiology reported that coronary heart disease is a commonly found condition in the region, and the patients suffering from this disease are at a five-times greater risk of getting a stroke. A few of the primary risk factors of CVDs include family history, ethnicity, age, and other risk factors. The other risk factors include tobacco consumption, hypertension, obesity, high cholesterol, physical inactivity, diabetes, unhealthy diets, and alcohol consumption. The majority of CVDs can be prevented through pre-monitoring and pre-diagnosis using intravascular ultrasound devices. Therefore, the growing prevalence of CVDs is propelling the demand for intravascular ultrasound devices in Europe.

Europe Intravascular Ultrasound (IVUS) Devices Market Revenue and Forecast to 2028 (US$ Mn)

EUROPE INTRAVASCULAR ULTRASOUND (IVUS) DEVICES MARKET SEGMENTATION

By Modality

• Virtual Histology IVUS
• iMap IVUS
• Integrated Backscatter IVUS

By Product

• Equipment
• Accessories
  • Catheters
  • Guidewires
  • Others

By End User

• Hospitals and Clinics
• Diagnostic Centers
• Others

By Country

• Germany
• Spain
• Italy
• UK
• France
• Rest of Europe

Company Profiles

• Koninklijke Philips N.V
• GE Healthcare
• Siemens AG
• Boston Scientific Corporation
• Infraredx, Inc.
• Terumo Corporation
• Axle International
• Conavi Medical Inc.
• Canon Medical Systems
• Abbott

Europe Intravascular Ultrasound (IVUS) Devices Strategic Insights

Strategic insights for the Europe Intravascular Ultrasound (IVUS) Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Intravascular Ultrasound (IVUS) Devices Report Scope

Europe Intravascular Ultrasound (IVUS) Devices Regional Insights

The geographic scope of the Europe Intravascular Ultrasound (IVUS) Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.