PUBLISHER: The Business Research Company | PRODUCT CODE: 1532100
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532100
Vascular imaging involves the application of diverse imaging technologies to observe and evaluate the blood vessels in the human body. These methods play a critical role in diagnosing and monitoring conditions affecting arteries, veins, aneurysms, and obstructions, facilitating effective management of vascular diseases.
Key techniques in vascular imaging encompass magnetic resonance imaging (MRI), ultrasound, computed tomography (CT), nuclear imaging, and x-ray. MRI utilizes magnetic fields and radio waves to create detailed images of internal body structures non-invasively. This encompasses various procedures such as coronary angiography, peripheral angiography, neurovascular angiography, vascular ultrasound, microangiography, and others. These techniques find applications in both diagnostic and therapeutic settings, serving hospitals, diagnostic centers, and other healthcare facilities.
The vascular imaging research report is one of a series of new reports from The Business Research Company that provides vascular imaging market statistics, including the vascular imaging industry's global market size, regional shares, competitors with a vascular imaging market share, detailed vascular imaging market segments, market trends and opportunities, and any further data you may need to thrive in the vascular imaging industry. This vascular imaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The vascular imaging market size has grown strongly in recent years. It will grow from $5.93 billion in 2023 to $6.31 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historical period can be credited to ongoing advancements in imaging technologies, a global rise in the elderly population, increased occurrences of cardiovascular diseases, expanded government investments in healthcare infrastructure, and heightened awareness leading to early diagnosis.
The vascular imaging market size is expected to see strong growth in the next few years. It will grow to $8.10 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The forecast period, growth is anticipated due to heightened awareness and regular screening initiatives, a preference for minimally invasive imaging methods, the expansion of medical tourism, favorable reimbursement policies for vascular imaging procedures, and an increasing prevalence of vascular diseases associated with aging. Key trends expected in the forecast period include advancements in three-dimensional (3D) and four-dimensional (4D) imaging technologies, the emergence and adoption of hybrid imaging systems, enhancements in imaging resolution and clarity, improved intravascular imaging technologies, the integration of telemedicine, and the proliferation of remote imaging solutions.
The increasing prevalence of hypertension is anticipated to drive growth in the vascular imaging market. Hypertension, characterized by high blood pressure due to excessive force against artery walls, poses significant health risks such as heart disease and stroke. Lifestyle factors such as poor diet, lack of exercise, stress, and demographic trends such as obesity and aging populations contribute to its rise. Vascular imaging plays a crucial role in assessing vascular health, aiding in the diagnosis and management of underlying issues that contribute to elevated blood pressure. For example, a March 2024 report from the Centers for Disease Control and Prevention highlighted higher hypertension rates among men, older adults, and certain racial and educational demographics, underscoring the market's growth driven by hypertension incidences.
Key players in the vascular imaging sector are prioritizing innovation, such as wireless ultrasound systems, to advance diagnostic capabilities and patient care. Wireless ultrasound devices such as GE HealthCare Technologies Inc.'s Vscan Air SL, introduced in August 2023, enable rapid cardiac and vascular evaluations at the point of care. This technology integrates SignalMax and XDclear advancements for superior imaging performance, leveraging cutting-edge single-crystal transducer technology.
In March 2024, DirectMed Imaging, a US-based provider of medical imaging solutions, acquired Titanium Medical Imaging, enhancing its product offerings and global market presence. Titanium Medical Imaging specializes in diagnostic imaging solutions for X-ray, magnetic resonance imaging, and computed tomography machines.
Major companies operating in the vascular imaging market are Hitachi Ltd., Siemens AG, General Electric Company, Abbott Laboratories, Toshiba Corporation, FUJIFILM Corporation, Koninklijke Philips N.V., Stryker Corporation, Konica Minolta Inc., Terumo Corporation, Hologic Inc., Mindray Medical International Limited, Shimadzu Corporation, Canon Medical Systems Corporation, Swedish Medical Centre, Carestream Health, Samsung Medison Co. Ltd., Esaote SpA, BK Medical Holding Company Inc., Lumedx Corp, Alpinion Medical Systems Co. Ltd., CorVascular Diagnostics LLC
North America was the largest region in the vascular imaging market in 2023. The regions covered in the vascular imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the vascular imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The vascular imaging market consists of revenues earned by entities by providing services such as magnetic resonance angiography (MRA), computed tomography angiography (CTA), traditional angiography, consultative services, and diagnostic interpretation. The market value includes the value of related goods sold by the service provider or included within the service offering. The vascular imaging market also includes sales of contrast agents and embolic devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Vascular Imaging Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on vascular imaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for vascular imaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vascular imaging market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.