Intravascular Ultrasound IVUS Devices Market: Global Industry Analysis by Size, Share, Growth, Sourcing Strategy, Scope, Demand and Forecast to 2034

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Intravascular Ultrasound (IVUS) Devices Market Size and Overview

The Intravascular Ultrasound (IVUS) Devices Market is expected to grow from an estimated USD 1.1 billion in 2024 to USD 1.8 billion in 2033, at a CAGR of 5.50%.

Heart disease is one of the main causes of death worldwide, hence there is a constant need for advanced diagnostic and therapeutic tools like Intravascular Ultrasound (IVUS) Devices. According to data in WHO, 2019 CVDs account for 17.9 million deaths worldwide, constituting 32% of the total death tolls, while more than 85% were due to heart attack and stroke.

Lifestyle factors such as poor food, smoking, physical inactivity, and rising rates of obesity and diabetes are blamed for the growing prevalence of CVDs. According to the Centers for Disease Control and Prevention, heart disease causes 1 in 5 deaths in the United States or 697,000 deaths annually. These figures illustrate the growing need for advanced diagnostic methods in order to diagnose and treat heart conditions accurately.

Cardiologists now rely greatly on IVUS devices as they offer them access to high-resolution, comprehensive, cross-sectional images of blood arteries. IVUS enhances the precision of interventional treatments, such as PCI, offering a precise assessment of the arterial plaque and vessel walls.

With increased necessity in the fight against CVDs, governments and public health organisations worldwide acknowledge its importance. For instance, the National Health Service of the United Kingdom has added IVUS to its pathways for cardiac care further to enhance the accuracy of results in diagnosis and treatment.

For the evaluation of complex coronary lesions and to optimise the placement of a stent, the American College of Cardiology recommends IVUS. As a result of such recommendations, it has resulted in hospitals now use more IVUS devices, and this is responsible for enhancing market growth.

CVDs are not just confined to developed nations. In developing countries, especially the Asia-Pacific, there is a sharp growth in cases of heart disease. It goes on to rank amongst those countries that contribute significantly towards the world's cardiovascular mortality since over 4.77 million deaths are recorded by the WHO every year attributed to CVDs.

In a bid to further increase healthcare accessibility and affordability, the Government of India launched the Ayushman Bharat Health Mission by looking at this trend. Funding for hospitals and diagnostic facilities is made possible and facilitates the use of some cutting-edge medical technologies, which include IVUS.

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