South and Central America Intravascular Ultrasound (IVUS) Devices Market

The South and Central America intravascular ultrasound devices market is expected to reach US$ 60.49 million in 2028 from US$ 37.84 million in 2021; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.

The growth of the market in this region is attributed to the rising prevalence of coronary disorders and an increase in the geriatric population. However, product recalls limit the market growth.

Various economies worldwide, including Brazil and Peru, are considerably modernizing healthcare facilities and services. As a result, the life expectancy of people in these countries has increased, leading to a rise in the geriatric population base. According to the data by the WHO, in February 2018, the aging population is estimated to rise from 12% in 2015 to 22% by 2050. Moreover, underdeveloped and developing countries would account for ~80% of this growth.

In the 2019 Heart Disease and Stroke Statistical Update by the American Heart Association, Inc. (AHA), the incidence of cardiovascular disease (CVDs) was reported to be 77.2% in males and 78.2% in females of age 60–79. Furthermore, the incidence was reported to be 89.3% in males and 91.8% in females with age 80 and above. 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).

South and Central America Intravascular Ultrasound (IVUS) Devices Market Revenue and Forecast to 2028 (US$ Mn)

South and Central America Intravascular Ultrasound (IVUS) Devices Strategic Insights

Strategic insights for the South and Central America 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.

South and Central America Intravascular Ultrasound (IVUS) Devices Report Scope

South and Central America Intravascular Ultrasound (IVUS) Devices Regional Insights

The geographic scope of the South and Central America 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.

SOUTH AND CENTRAL AMERICA

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

• Brazil
• Argentina
• Rest of South and Central America

Company Profiles

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