Intravascular Ultrasound (IVUS) Market Expected to Garner $555.3 Million by 2020 at a CAGR of 6.3% | Reports and Data

: New York, United States, 21th-July-2020, (Via WiredRelease), (Reports and Data) – The Global Intravascular Ultrasound (IVUS) Market is forecast to reach USD 555.3 Million by 2027, according to a new report by Reports and Data. Intravascular ultrasound uses a probe or transducer to generate sound waves and produce images of blood vessels.

When the probe is used to evaluate the coronary arteries, intravascular ultrasound can show the entire artery wall and provide important information about the amount and type of plaque buildup, which helps in determining the risk for heart attack. Ultrasound has no known harmful effects as it does not use ionizing radiation, and can provide clear pictures of soft tissues that are not well seen on x-ray images.

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The study assesses the impact of the COVID-19 pandemic on the global economy. The outbreak has drastically affected the current business landscape and, subsequently, manufacturers and buyers. The report discusses its impact on the existing scenario as well as speculations about the post-COVID-19 scenario.

Leading manufacturers profiled in the report are:- Siemens Healthcare GmbH, Canon Medical Systems, Koninklijke Philips N.V., Hitachi Medical Corporation, Mindray Medical, Fujifilm Corporation, Chison Medical Imaging Co. Ltd., Samsung Medison, Canon Medical Systems, Boston Medical Corporation, Others.

Modality Outlook (Revenue, USD Million; 2020-2027)

Virtual Histology IVUS

IMAP

Integrated Backscatter IVUS

Products Outlook (Revenue, USD Million; 2020-2027)

Accessories

Consoles

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End Users Outlook (Revenue, USD Million; 2020-2027)

Hospitals

Diagnostic Centers

Academic And Research Institutes

Regional Outlook (Revenue, USD Million; 2020-2027)

North America

Europe

Asia Pacific

MEA

Latin America

Further key findings from the report suggest:

In the arteries, intravascular ultrasound is performed to see peripheral arteries of the coronary arteries and legs, although it can be used in any artery in the body.

It is generally used in conjunction with catheter angiography to help in the diagnosis of peripheral artery disease, which is not seen clearly in the angiogram and to plan the size of stents which may need to be placed to keep the artery open.

Virtual histology intravascular ultrasound is based on the spectral analysis of the raw backscattered intravascular ultrasound radiofrequency (IVUS-RF) data.

Hospitals dominated the market owing to large footfall in the facility. Hospitals install medical imaging equipment as it can be a major source of profits from outpatients. Most of the more prominent hospitals have their own medical imaging facilities.

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Key objectives of the study:

To study the current impact of COVID-19 on major segments of the market and to predict changes in the industry due to the pandemic.

To calculate market size, in both value and volume, and CAGR for the base year and the estimated year.

To study the technological development in the industry in recent years and the technological pipeline and forecast the impact of the COVID-19 outbreak on technological landscape and overall market.

To perform a regional analysis by examining market presence in the leading regions.

To study key trends observed in the historical analysis and estimate future trends.

To examines the regions expected to grow at a significant rate in the coming years and vital factors contributing to the overall revenue.

To highlight the existing growth opportunities, challenges, risks, drivers, and constraints expected to affect the market in the coming years.

To profile leading companies in the market, along with product portfolios and strategic initiatives.

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