Vascular Imaging Market Size, Share, Key Players, Outlook, Growth Factor, Trend, and Forecast, 2018–2028
The global vascular
imaging market size is expected to reach USD 12.85 Billion in 2028 and
register a revenue CAGR of 6.9% over the forecast period, according to the
latest report by Reports and Data. Rising prevalence of vascular disorders and
increasing preference for minimally invasive diagnostic procedures are some key
factors expected to drive market revenue growth over the forecast period. In
addition, use of advanced imaging equipment in hybrid operating rooms is also
expected to contribute significantly to revenue growth of the market going
ahead.
A hybrid room combines the features of an interventional room
and traditional vascular and cardiac surgery operating theatre. In recent
years, hybrid operation rooms are increasingly preferred as these facilities
enables to carry out increasingly complex, minimally invasive, faster and more
precise diagnostic procedures associated with cardiovascular surgery such as
the treatment of an aneurysm or aortic dissection. The hybrid room implements
state-of-the-art equipment to facilitate treatment of these diseases in a
percutaneous manner and also facilitates introduction of customized prostheses
adapted to each patient’s anatomy. This is expected to drive revenue growth of
the market.
Steady shift in preference from conventional invasive surgery
to minimally invasive diagnostic procedures is expected to continue to drive
revenue growth of the market. Rising preference for less invasive surgical
and trans catheter procedure to treat various cardiovascular conditions such as
aortic disease, coronary and valvar diseases is driving adoption of computed
tomography, Doppler ultrasound, magnetic resonance imaging, nuclear imaging
among others. Image-guided therapy with combination of modern intraoperative
imaging modalities has further facilitated real-time visualization of normal
tissue and pathological entities. This has significantly improved efficiency,
safety, and clinical outcomes, which in turn is expected to continue to drive
revenue growth of the market.
Rising preference for mobile vascular imaging systems over
traditional stand-alone imaging systems due to its mobility and portability
features along with less infrastructure requirement is facilitating further
developments in such technologically advanced systems and also facilitating
steady adoption of mobile imaging system such as c-arms and o-arms in
hospitals, clinics, and diagnostic imaging centres. However, high cost
associated with vascular imaging instruments and equipment is expected to
restrain market growth to a certain extent over the forecast period.
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Some major players in the global market include Siemens Healthineers AG, GE Healthcare
Inc., Carestream Health Inc., Koninklijke Philips NV, Samsung Medison Co. Ltd.,
Toshiba Medical Systems Corporation, Mindray Medical International Ltd.,
Shimadzu Corporation, Evena Medical Inc., and Omega Medical Imaging LLC.
Some Key Highlights from the Report:
- In
August 2020, Koniklijke Philips NV announced the acquisition of Intact
Vascular Inc. to expand the portfolio of minimally invasive therapy
options for peripheral artery disease. Through this acquisition, Philips
will integrate Intact Vascular’s specialized implantable device with
Philips interventional imaging systems and its diagnostic and therapeutic
devices for optimizing and providing a complete procedural solution for
peripheral artery disease treatment.
- Peripheral
angiography segment revenue is expected to expand at a rapid CAGR over the
forecast period, attributable to rising prevalence of peripheral arterial
diseases and increasing use of peripheral angiography procedure to
identify and evaluate blockage or any abnormalities in leg, arm, or neck.
- Magnetic
resonance angiography segment is expected to account for largest revenue
share over the forecast period owing to increasing use of this technique
for identifying vascular anomalies such as cerebral aneurysms, arterial
lesions in sickle cell disease, arterial ischemic infarction, and other
vascular anomalies.
- Therapeutics
segment is expected to register a significantly steady revenue CAGR owing
to rapid development of targeted therapies and approaches, rising focus on
preventive measures, and rapid implementation of advanced diagnostic
techniques to increase success rate of treatments during early stage of
disease.
- Diagnostic
imaging centres segment revenue is expected to expand at a robust CAGR
over the forecast period owing to increasing private and public funding to
develop state-of-the-art imaging facilities, enable improved
accessibility, presence of skilled radiologists, and increasing preference
for outpatient imaging services.
- North
America is expected to account for largest revenue share over the forecast
period, attributable to rising prevalence of chronic disorders, increasing
demand for mobile vascular imaging devices, availability of favourable
reimbursement policies, and increasing funding to adopt technologically
advanced imaging modalities in hospitals and centres in countries in the
region.
Browse Complete Report “Vascular
Imaging Market” @ https://www.reportsanddata.com/report-detail/vascular-imaging-market
For the purpose of this report, Reports and Data has
segmented the vascular imaging market based on procedure, technology,
application, end-use, and region:
Procedure Outlook (Revenue, USD Billion; 2018-2028)
- Coronary
Angiography
- Peripheral
Angiography
- Neurovascular
Angiography
- Vascular
Ultrasound Procedures
- Others
Technology Outlook (Revenue, USD Billion; 2018-2028)
- Magnetic
Resonance Imaging Angiography
- Computed
Tomography Angiography
- Ultrasound
- X-Ray
- Nuclear
Imaging
Application Outlook (Revenue, USD Billion; 2018-2028)
- Diagnostic
- Therapeutic
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Diagnostic
Imaging Centers
- Others
Regional analysis covers:
• North America
(U.S., Canada, Mexico)
• Europe
(Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific
(China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America
(Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East
& Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market
Overview:
Growing popularity of building information modelling,
increasing use of advanced building materials, and development of construction
robotics are key trends disrupting the construction and manufacturing industry
and are expected to contribute to revenue growth of the Vascular Imaging market
over the forecast period. Increasing demand for sustainable and energy-efficient
buildings has led to development of intelligent building solutions that provide
optimum environment to residents by improving ventilation, reducing energy
consumption, and improving overall efficiency of the buildings. Rapid
urbanization across the globe has led to development of robust and advanced
commercial buildings and with increasing construction activities globally,
demand for raw materials and innovations in substantially increasing. Rapid
rise in smart, connected cities and growing trend of green construction are
some other factors expected to drive market revenue growth going ahead.
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