Global Vascular Imaging Market is at the cusp of crossing USD 5.96 billion in 2021
According to the Global Vascular
Imaging Market Research Report, the market is anticipated to grow at a
6.5% CAGR from 2016 to 2021 and it is estimated that the global market was
valued at USD 4.35 billion in 2016 and is expected to reach USD 5.96 billion by
2021.
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in-depth TOC of the Global Vascular Imaging Market to 2021 @ http://www.marketdataforecast.com/market-reports/vascular-imaging-market-5019/
Vascular imaging tests are used to assess how
the blood flows through the veins and vesicles for the diagnosis of the
disease. With the use of vascular imaging tests, surgeons can gather
information required for performing surgical procedures. Vascular imaging
trials are performed by using techniques like ultrasound, CT (computed
tomography), magnetic resonance imaging (MRI) and others which provide detailed
images of how the blood flows through the body and aids surgeons to examine
blockages in the veins, weakening of the arterial walls, detect blood clots,
evaluate the graft surgeries, analyzing the severity of varicose veins, plaque
buildup that causes narrowing of the arteries. Vascular imaging techniques are
extensively used for performing procedures like angiography with ease.
The demand for vascular imaging systems is
projected to witness high growth over the forecast period owing to growing
number of patients suffering from cardiovascular diseases (CVD). According to
the World Health Organization (WHO), cardiovascular diseases are the number one
cause of death globally. Rise in the number of cardiovascular diseases is
anticipated to propel the demand for vascular imaging systems required for the
diagnosis of the CVDs. Introduction of new vascular imaging systems and an
increase in the adoption of minimally invasive surgeries is anticipated to
boost the demand for vascular imaging systems over the coming years. Moreover,
technological advancements in imaging systems like the introduction of 3D
imaging over 2D imaging is projected to boost the adoption rate of vascular
imaging systems. Angiography is frequently performed in old people, increasing
global geriatric population is also expected to raise the demand for vascular
imaging systems. However, the high price of the systems and lack of expertise
to handle imaging equipment and pricing pressure on the manufacturers due to
fierce competition among market participants may hamper the growth of the
vascular imaging systems market.
Moreover, because of a large number of hospital network operating under
one organization, these networks can leverage the price of the medical devices
with the manufacturers of vascular imaging systems and in turn reduce their
profitability margins.
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The global market for Vascular Imaging market
is segmented into Procedure, Technology, Application and End User. On the basis
of procedure, it is segmented into Coronary Angiography, Peripheral, Cerebral
and Angiography. Coronary angiography segment is anticipated to account for the
largest share of the market. Increase in the prevalence of CVDs and increase in
geriatric population are major factors driving the growth this market segment.
On the basis of Technology, it is segmented into CT, MRI, X-Ray, Ultrasound,
and Nuclear Imaging. The MRI segment is
expected to dominate this market segment. The increase in the use of MRI in
vascular imaging is mainly due to its minimally invasive nature and high
efficacy and increasing prevalence of cardiovascular diseases are the key
factors driving the growth of this segment. On the basis of Application, it is
segmented into Diagnostic and Therapeutic. On the basis of End User, it is
segmented into Hospital and Clinical Laboratory. Hospitals are the largest end
users of vascular imaging systems. It is also projected to register the highest
growth. This can be credited to technological development, increase in the
healthcare expenditure, and increase in usage of imaging systems in hospitals
and hybrid ORs.
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On the basis of geography, the market is
analyzed under various regions namely North America, Europe, Asia-Pacific and
Middle East and Africa. North America is expected to hold the major share of
the market. High capital investment among end users like multi – specialty hospitals
in the U.S. is expected to boost demand for vascular imaging systems in the
North America region. Europe is expected to be the second most lucrative market
in the vascular imaging systems market owing to high investment in the
healthcare industry. Asia – Pacific excluding Japan market is expected to
witness high revenue growth over the forecast period owing to growing geriatric
population and increasing awareness about the new technologies in the vascular
imaging systems.
The key players in the vascular imaging market
are Siemens Healthineers, GE Healthcare, Toshiba Medical Systems Corporation,
Hitachi Medical Corporation, Samsung Medison, Shimadzu Corp., St. Jude Medical
Inc., TERUMO Corporation, Koninklijke Philips N.V., Fujifilm SonoSite, Hologic
Inc., Esaote SpA, Carestream Health Inc., Konica Minolta, Alpinion Medical
Systems, Pie Medical Imaging, CorVascular Diagnostics LLC, Evena Medical Inc.,
LumedX Healthcare Technologies, Xograph Healthcare, Mindray Medical
International Ltd., Novadaq Technologies Inc., Omega Medical Imaging LLC., BK
Ultrasound, and Piur imaging GmbH.
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