Intracardiac Imaging Market: Introduction

  • Imaging tools are used in interventional procedures. These can be invasive or non-invasive. Non-invasive imaging tools include ultrasound, computed tomography, and magnetic resonance imaging. Invasive imaging tools are intracardiac endoscopy, transoesophageal echocardiography, intracardiac echocardiography, and electro anatomic mapping systems. Intracardiac imaging is a modern approach for guiding cardiac interventional procedures in catheter ablation for arrhythmias, transseptal catheterization, and percutaneous placement of cardiac valves and closure devices.
  • Intracardiac imaging tools are defined as catheter-based imaging systems, which provide cross-sectional and sector-based view of the heart. These tools offer depth imaging and improve procedural efficacy, thereby minimizing the repeat procedures and preventing complications. Intracardiac echocardiography is a widely used intracardiac imaging tool in interventional laboratory.

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Key Drivers and Restraints of Global Intracardiac Imaging Market

  • Rise in prevalence of arrhythmia across the globe, affecting around half a million people, drives the global intracardiac imaging market. According to the CDC, 2.7 million to 6.1 million people in the U.S. are estimated to suffer from atrial fibrillation, and people in Europe are susceptible to suffer more from atrial fibrillation than American Africans. These statistics are projected to boost the growth of the global intracardiac imaging market. Intracardiac echocardiography is an innovative imaging technology, which offers promising applications in interventional procedures. Intracardiac echocardiography catheters used are of low frequencies, which enables real-time visualization of the intracardiac anatomical structure and preferably utilized in guiding interventional procedures.
  • Faster adoption of ICE technique is attributed to advantages such as no exposure to radiation and less discomfort to patients during the procedure. Other advantages include availability of online information about catheter position and devices, and direct monitoring of acute procedure related complications. The superiority of intracardiac imaging is expected to propel the global intracardiac imaging market. Recently, Siemens Healthineers introduced 3D technology volumetric ICE catheter, which offers promising result in guiding structural heart disease procedures. Hence, product innovation is another key factor propelling the global intracardiac imaging market. ICE offers high quality imaging structures, which allow an operator to work with patient anatomy smoothly. However, high cost of ICE technique acts as a restraint of the global intracardiac imaging market. Nevertheless, clinical applications of ICE technique are likely to expand in the next few years owing to technological advancements and importance of 3D image acquisition in valvular and congenital heart disease. This is projected to augment the global intracardiac imaging market.

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North America to Lead Global Intracardiac Imaging Market

  • In terms of region, the global intracardiac imaging market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is projected to dominate the global intracardiac imaging market during the forecast period due to technological advancements, increase in adoption of cardiac surgeries, rise in cardiac patient burden, and acceptance of high resolution imaging modality. Moreover, intracardiac echocardiography is an advanced imaging modality, which has replaced traditional approach. This factor is anticipated to boost the growth of the market in North America. Presence of key players offering intracardiac echocardiography systems and its wide applications in electrophysiology, atrial fibrillation, and other procedures are expected to fuel the growth of the intracardiac imaging market in the region during the forecast period. Players offering ICE catheters and systems, which simplify and improve visualization of ablation catheter position, are likely to augment the intracardiac imaging market in North America in the next few years.
  • Europe was the second largest market for intracardiac imaging in 2019, followed by Asia Pacific. This is attributed to rise in prevalence of arrhythmia and other cardiac diseases in the region. Intracardiac echocardiography offers potential advancements in cardiac imaging procedures with efficient clinical outcomes.

Key Players Operating in Global Intracardiac Imaging Market

The global intracardiac imaging market is consolidated, owing to the presence of established players. Major players operating in the global intracardiac imaging market are:

  • Boston Scientific Corporation
  • Siemens AG
  • Biosense Webster, Inc.
  • Abbott Laboratories
  • GE Healthcare
  • Hitachi Medical Systems
  • Other Prominent Players

Global Intracardiac Imaging Market: Research Scope

Global Intracardiac Imaging Market, by Type

  • Intracardiac Echocardiography Systems
    • Rotational ICE System
    • Phased array ICE System
  • Transoesophageal Echocardiography (TOC)

Global Intracardiac Imaging Market, by Application

  • Transseptal Catheterization
  • Atrial Septal Defect Closure
  • Left Atrial Appendage Imaging and Closure Procedures
  • Mitral Valvuloplasty
  • Transcatheter Aortic Valve Replacement
  • Electrophysiology procedures
  • Others

Global Intracardiac Imaging Market, by End-user

  • Hospitals
  • Imaging Centers
  • Others

Global Intracardiac Imaging Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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