PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1537100
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1537100
The global intracardiac echocardiography (ICE) market is projected to reach USD 545 million by 2029 from USD 333 million in 2024, growing at a CAGR of 10.3% during the forecast period. The projected market growth for intracardiac echocardiography (ICE) is supported by the convergence of benefits. The projected expansion of the intracardiac echocardiography (ICE) market is driven by demographic trends favoring an aging population, continuous advancements in diagnostic technologies, increased adoption of advanced imaging tools, and the capability to deliver real-time, high-resolution imaging of cardiac structures and blood flow. These factors synergistically contribute to the growth prospects of the ICE market in the forecasted period.
Scope of the Report | |
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Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million) |
Segments | Product, Application, End User and Region |
Regions covered | North America, Europe, Asia Pacific, Latin America and Middle East & Africa |
" ICE Ultrasound Systems with Inbuild Software Applications segment to register largest market share in 2023-2029."
Based on the product, the intracardiac echocardiography (ICE) market is segmented into ICE Ultrasound Systems with Inbuild Software Applications (2D ultrasound systems, 3D/4D ultrasound systems, doppler ultrasound systems), ICE Catheters (Dopper ICE catheters, phased - array ICE catheters, fixed - array ICE catheters, mechanical rotational ICE catheters) , ICE Consoles (cart/ trolley-based consoles, hand-held/ portable consoles), guiding catheters and sheaths, disposable accessories, and softwares are used in intracardiac echocardiography (ICE) taken into account while estimating the entire market. The ICE Ultrasound Systems segment registered the largest market share for the forecasted year of 2024-2029. Developments in ultrasound transducer technology and catheter designs, as well as its integration with other imaging tools to give comprehensive visualisation and navigation, are responsible for the emergence of intracardiac echocardiography ultrasound systems. Consumer demand for minimally invasive procedures, improved software applications, and an increase in the rate of coronary diseases are all contributing to the expansion and widespread use of ICE ultrasound devices.
"Electrophysiolgy segment held the largest share of intracardiac echocardiography (ICE) market in 2023, by application."
Based on the application, the intracardiac echocardiography (ICE) market is segmented into electrophysiology, structural heart defects (mitral valve repair/ replacement, aortic valve replacement and other heart defects), cardiac monitoring, left atrial appendage closure, and other applications. In 2023, the electrophysiolgy segment accounted the largest share of global intracardiac echocardiography (ICE) market. Real-time visualization capabilities, improved safety and accuracy in procedures, and the ability to monitor cardiac health over extended periods for early disease detection are pivotal drivers propelling growth in the electrophysiology in intracardia echocardiography market.
"hospitals & surgical centers: diagnostic segment held the largest share of intracardiac echocardiography (ICE) market in 2023, by End-user."
Based on the end-user, the intracardiac echocardiography (ICE) market is segmented into Hospital-based cathlabs/ hybrid or interventional, hospitals & surgical centers: diagnostic, Ambulatory surgical centers (ASCs) and independent diagnostic centers and Other end users. In 2023, the hospitals & surgical centers: diagnostic segment had the largest share of the global intracardiac echocardiography (ICE) market. The growth within hospital and surgical centers:diagnostic segment is propelled by continuous advancements in diagnostic technology, escalating consumer demand for superior diagnostic services, and facilitated expansion of diagnostic capabilities due to favorable regulatory environments and increased adoption of modern diagnostic tools.
"Asia Pacific to register significant growth rate in the market during the forecast period."
For the forecasting period 2024-2029, The Asia-Pacific (APAC) region is anticipated to experience substantial growth throughout the forecast period. Asia Pacific comprises Japan, India, China, South Korea, Australia, and RoAPAC. The Asia-Pacific (APAC) region has experienced a notable acceleration in the market growth rate for intracardiac echocardiography (ICE). Several factors have contributed to the growth of the intracardiac echocardiography (ICE) market in the APAC region. Continuous innovations in ultrasound technology are driving this expansion. Additionally, governments in the Asia Pacific are making significant investments in healthcare infrastructure and advanced medical technologies. The rising incidence of cardiovascular diseases in the region further increases the demand for advanced diagnostic and imaging technologies like ICE, aiming to enhance patient care and outcomes.
Prominent players in this market are Johnson & Johson Medtech (US), Medtronic (Ireland), Abbott Laboratories (US), Siemens Healthineers (Germany), Philips healthcare (Netherland) among others.
Research Coverage
The report will help the new entrants/ market leaders/smaller firms in this market with investment evaluation viability within the intracardiac echocardiography (ICE) market through a thorough analysis of comprehensive data, thereby facilitating robust risk assessment and enabling well-informed investment determinations. Benefit from meticulous market segmentation encompassing end-user, and regional dimensions, affording tailored insights for precise segment targeting. The report also provides an all-encompassing evaluation of encapsulating pivotal trends, challenges, growth catalysts and prospects, thereby empowering strategic decision-making with astute discernment.