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Disinfection of IVUS Devices Crucial to Limit Spread of Coronavirus

Ultrasound is among the imaging techniques that involves great interaction between patient and healthcare professional. Unless these techniques are carried out safely, it could increase risk of COVID-19 infection among physicians and patients. Such developments are predicted to affect growth in the intravascular ultrasound (IVUS) devices market.

Cleaning and disinfection of IVUS devices have become crucial, since the risk of contracting coronavirus in emergency cases is high if the devices are not thoroughly examined. Companies in the intravascular ultrasound (IVUS) devices market and healthcare facilities are gaining awareness to follow specific instructions for sanitization of IVUS devices. Healthcare facilities are using suitable disinfection agents such as sodium hypochlorite solutions and ethanol solutions, among others, to sanitize ultrasound probes and systems.

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Specific Anatomic, Patient Characteristics Influence Adoption of IVUS-OCT Devices

The intravascular ultrasound (IVUS) devices market is projected to cross US$ 1.2 Bn by 2031. In order to increase clinical outcomes and improve diagnosis of left main coronary artery disease, med-tech companies are combining IVUS with optical coherence tomography (OCT) in devices to visualize intracoronary structures. However, it is unclear which imaging modality is better as a guidance and diagnostic tool. As such, each imaging modality is highly dependent on specific anatomic and patient characteristics. Such findings are influencing the growth of the market.

Med-tech companies are increasing their R&D efforts to develop hybrid catheters using IVUS and OCT imaging modalities to advance in diagnosis for multi-vessel coronary artery disease.

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IVUS Imaging Gains Popularity for Diagnosis of Complex CTO Lesions

Even today, chronic total occlusion (CTO) revascularization constitutes procedural challenges. It has been found that tapered stump CTO have relatively better success share as compared to blunt, vague or stumpless CTO lesions. Such findings are creating value-grab opportunities for med-tech companies in the intravascular ultrasound (IVUS) devices market, as IVUS imaging helps to differentiate a true lumen against subintimal space by recognizing the presence of side branches, intima, and media.

Companies in the intravascular ultrasound (IVUS) devices market are benefitting from the demand for devices in imaging for CTO lesions since the technique helps to confirm guidewire re-entry to the true lumen from the subintimal space. IVUS-guided wiring technique is being considered as an option in the antegrade approach when standard wiring procedures fail.

IVUS Catheters Help in Tailor Treatment of Patients, Guide Pre-stent Planning

Angioplasty alone may not be sufficient for meeting advanced visualization specifications. This is why Philips - a Dutch multinational conglomerate corporation is offering its comprehensive portfolio of IVUS catheters for coronary and peripheral applications, which help to decide the best therapy option and optimize treatment results. Advanced catheters offered by manufacturers in the intravascular ultrasound (IVUS) devices market are allowing physicians to address the treatment of every patient. Such catheters are being used to offer guidance in pre-stent planning.

Apart from innovations in devices, systematic reimbursement policies by med-tech companies and insurers are increasing the uptake of IVUS catheters. Companies in the intravascular ultrasound (IVUS) devices market are unlocking growth opportunities in venous interventions.

Micromachined Ultrasound Transducers Overcome Issues Addressed in Piezoelectric Transducers

Companies in the intravascular ultrasound (IVUS) devices market are innovating in ultrasound transducers to attain high-resolution images. These devices are gaining increased popularity, as they are used both as transmitter that sends acoustic waves and detector that receives the returning signals.

Manufacturers are boosting their production capabilities in piezoelectric transducers that are gaining prominence in biomedical imaging. However, traditional piezoelectric ultrasound transducers contain drawbacks such as difficulties in the fabrication of high-density arrays. Companies are increasing their research efforts to overcome the drawbacks of conventional piezoelectric ultrasound transducers to provide acceleration of imaging speeds and alleviate motion artifact. Manufacturers are developing micromachined ultrasound transducers to address issues in piezoelectric transducers.

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Analysts’ Viewpoint

Thorough investigation of IVUS devices has become crucial in healthcare facilities with proper cleaning and disinfection of devices to contain the spread of coronavirus. IVUS devices are being used for venous interventions to gain 3D (3 dimensional), high-resolution, and cross-sectional imaging of vessel and surrounding tissue.

The intravascular ultrasound (IVUS) devices market is projected to expand at a healthy CAGR of ~7% during the forecast period. However, conventional piezoelectric ultrasound transducers are associated with difficulties in the fabrication of high-density arrays. Hence, companies should increase their R&D in microelectromechanical system (MEMS) technology to enhance the image quality in IVUS, owing to ease of integration of micromachined ultrasound transducers with complementary metal-oxide-semiconductors (CMOS).

Intravascular Ultrasound (IVUS) Devices Market: Overview

  • This report analyzes the current scenario and future prospects of the global intravascular ultrasound (IVUS) devices market. High prevalence rate of cardiovascular disorders, technological advancements, and increase in geriatric population are expected to boost the global intravascular ultrasound (IVUS) devices market.
  • The report includes an elaborate executive summary, which provides a snapshot of various segments of the global intravascular ultrasound (IVUS) devices market. It also provides information and data analysis of the intravascular ultrasound (IVUS) devices market with regard to segments based on product, application, end user, and region.
  • The overview section of the report provides a detailed qualitative analysis of drivers, restraints, and opportunities that impact the global intravascular ultrasound (IVUS) devices market
  • The report includes company profiles, which provide information about their business, product portfolios, and competitive landscape in the global intravascular ultrasound (IVUS) devices market
  • The report on the intravascular ultrasound (IVUS) devices market offers market attractiveness analysis of regions and segments
  • The last section of the report comprises quantitative and qualitative analyses on market share/position of key players operating in the global intravascular ultrasound (IVUS) devices market. It analyzes key competitive strategies adopted by major industry players, thereby presenting a thorough understanding of the competitive scenario in the global intravascular ultrasound (IVUS) devices market.

Intravascular Ultrasound (IVUS) Devices Market: Key Segments

  • In terms of product, the global intravascular ultrasound (IVUS) devices market has been classified into IVUS consoles and IVUS catheters. The IVUS consoles segment has been further sub-segmented into integrated system and cart system. The IVUS catheters segment has been further segregated into IVUS transducers and IVUS accessories.
  • Based on application, the global intravascular ultrasound (IVUS) devices market has been split into coronary diagnosis, coronary intervention, coronary research, and non-coronary/peripheral applications. The coronary intervention segment accounted for a major share of the global market in 2020, as IVUS guidance during coronary intervention significantly lowers the risk of major adverse cardiovascular events (MACE).
  • In terms of end user, the global intravascular ultrasound (IVUS) devices market has been divided into hospitals, specialty clinics, ambulatory surgical centers, diagnostic laboratories, and research institutes. The specialty clinics segment is expected to expand at a high CAGR from 2021 to 2031. Increase in capacity building efforts and adoption of IVUS systems in the specialty clinics industry are likely to fuel the segment during the forecast period.
  • Market size and forecast for each of these segments have been provided from 2017 to 2031. The CAGR of respective segment has also been provided from 2021 to 2031, considering 2020 as the base year.

Intravascular Ultrasound (IVUS) Devices Market: Regional Outlook

  • In terms of region, the global intravascular ultrasound (IVUS) devices market has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Each region considered in the market has been further divided into countries/sub-regions.
  • The intravascular ultrasound (IVUS) devices market report provides size and forecast for each region and country/sub-region from 2017 to 2031. The CAGR for each of these regions and countries has also been provided for the forecast period from 2021 to 2031. The intravascular ultrasound (IVUS) devices market study also covers the competitive scenario in these regions.

Companies Covered in Intravascular Ultrasound (IVUS) Devices Market Report

  • Key players in the global intravascular ultrasound (IVUS) devices market have been profiled based on attributes such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies
  • Major companies profiled in the intravascular ultrasound (IVUS) devices market report are
    • Axle International
    • Boston Scientific Corporation
    • Infraredx, Inc.
    • Koninklijke Philips N.V.
    • Terumo Corporation
    • Siemens Healthineers AG
    • Conavi Medical Inc.
    • ACIST Medical Systems

Intravascular Ultrasound (IVUS) Devices Market – Scope of the Report

TMR’s report on the global intravascular ultrasound (IVUS) devices market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2021 to 2031. The report provides revenue of the global intravascular ultrasound (IVUS) devices market for the period 2017–2031, considering 2020 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global intravascular ultrasound (IVUS) devices market during the forecast period.

The report has been prepared after primary and secondary researches. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global intravascular ultrasound (IVUS) devices market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomenon in the global intravascular ultrasound (IVUS) devices market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global intravascular ultrasound (IVUS) devices market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global intravascular ultrasound (IVUS) devices market.

The report delves into the competitive landscape of the global intravascular ultrasound (IVUS) devices market. Key players operating in the global intravascular ultrasound (IVUS) devices market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global intravascular ultrasound (IVUS) devices market that have been profiled in this report.

Key Questions Answered in Intravascular Ultrasound (IVUS) Devices Market Report

  • What are the sales/revenue generated by intravascular ultrasound (IVUS) device manufacturers across all regions during the forecast period?
  • What are the key trends in the intravascular ultrasound (IVUS) devices market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which region is set to expand at the fastest CAGR during the forecast period?
  • Which intravascular ultrasound (IVUS) devices segment will have the highest revenue globally in 2031 and which segment will grow at the highest CAGR during the forecast period?

Research Methodology

A unique methodology has been utilized by TMR to conduct comprehensive research on the growth of the global intravascular ultrasound (IVUS) devices market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary research sources referred to by analysts during the production of the global intravascular ultrasound (IVUS) devices market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the intravascular ultrasound (IVUS) devices market as primary methods.

These primary research respondents have provided exclusive information during interviews, which serves as a validation from the intravascular ultrasound (IVUS) devices market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global intravascular ultrasound (IVUS) devices market with accuracy. The study also uses the top-down approach to assess the revenue of each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global intravascular ultrasound (IVUS) devices more reliably and accurately.

Intravascular Ultrasound (IVUS) Devices Market – Segmentation

Product
  • IVUS Consoles
    • Integrated System
    • Cart System
  • IVUS Catheters
    • IVUS Transducers
    • IVUS Accessories
Application
  • Coronary Diagnosis
  • Coronary Intervention
  • Coronary Research
  • Non-coronary /Peripheral Applications
End User
  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Laboratories
  • Research Institutes
Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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