Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market
No. of Pages: 134 | Report Code: TIPRE00028754 | Category: Life Sciences
No. of Pages: 134 | Report Code: TIPRE00028754 | Category: Life Sciences
The growth of the market is attributed to an increase in the geriatric population, and a surge in regulatory approvals and launches of intravascular ultrasound devices. However, recalls of IVUS products restrict the market growth.
The intravascular ultrasound devices market is characterized by the presence of big and small companies. To increase their market share, market players are taking up various strategies, such as new product launches, regional expansion, and technological advancements. Safer and more effective intravascular ultrasound devices are being launched with continued innovation and technological advances, leading to increased acceptance of these devices. Leading players are investing in R&D to develop advanced technologies and gain more revenue share. For Instance, in September 2021, Siemens introduced Luminos Impulse, a fluoroscopy system with a novel design and characteristics shared by high-end fluoroscopy systems, including a smooth imaging chain, exhaustive dose enhancement, cybersecurity characteristics, and detector-sharing possibilities radiography. Similarly, in May 2021, Siemens introduced Somatom X.ceed, a novel high-resolution, high-speed computed tomography (CT) scanner engineered particularly for the most demanding clinical areas, wherein time and accuracy are of significance. The active participation of market players in product innovation and development, and a rise in product approvals are likely to fuel the growth of Middle East and Africa the intravascular ultrasound devices market.
Various developing economies in the world, including Saudi Arabia and South Africa, are modernizing healthcare facilities and services. As a result, the life expectancy of people in these countries has increased, leading to the growth in their geriatric population base. Age is a prominent risk factor in the development of CVDs. Heart’s physiological aging, and increased oxidative stress and inflammation are the major factors causing the onset and manifestation of CVDs. Thus, a rise in the elderly population underlines the demand for intravascular ultrasound devices (IVUS).
Strategic insights for the Middle East and Africa 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 28.05 Million |
| Market Size by 2028 | US$ 44.42 Million |
| Global CAGR (2021 - 2028) | 6.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Modality
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa 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.
The Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market is valued at US$ 28.05 Million in 2021, it is projected to reach US$ 44.42 Million by 2028.
As per our report Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market, the market size is valued at US$ 28.05 Million in 2021, projecting it to reach US$ 44.42 Million by 2028. This translates to a CAGR of approximately 6.8% during the forecast period.
The Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market report:
The Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market value chain can benefit from the information contained in a comprehensive market report.
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