Global Intravascular Ultrasound Market Overview:
In Intravascular Ultrasound (IVUS) When a transducer or a probe is placed into blood vessels, it produces sound waves that create images of the blood vessels. The ultrasonic wand is attached to the top of a thin tube which is called a catheter which produces ultrasound. The catheter is inserted into an artery and moved towards the heart in case of cardiovascular ultrasound. Intravascular Ultrasound can provide important information like the amount and type of plaque build-up which is helpful in determining if a patient is at heartís risk. Intravascular Ultrasound unlike ionizing radiation does not have harmful effects and can provide clear pictures of soft tissues which are difficult to see on x-ray images. Intravascular Ultrasound requires little or no special preparation but if the patient is already suffering from any condition then the doctor would have to take precautions. With an increasing number of patients suffering from heart and vascular diseases, the demand for Intravascular Ultrasound is increasing.
- Need to Determine the Amount of Plaque in Arteries
- Rising Intravascular Diseases Among People
- Increasing Demand of Intravascular Ultrasound as An Alternative to Ionizing Radiation
- During the Procedure of Intravascular Ultrasound, The Patient May Suffer Allergic Reaction To Medications
- Increasing Demand of Intravascular Ultrasound Due to Minimal Risk Exposure It Offers
- Growing Demand from Intravascular Ultrasound from Heart Specialist Hospitals
- In A Rare Care, Patient May Suffer A Heart Attack or A Stroke
With an increasing number of heart-related conditions due to a sedentary lifestyle, the demand for Intravascular Ultrasound is increasing. The market is primarily based in North America. Players in this market require high expertise to operate. Constant innovation is required to stay competitive in this field and after-sales service is also a key point. Signing contracts with clinics and health care providers is the key thing to keep increasing revenues in this market.
Some of the key players profiled in the report are Axle International (Hong Kong), Boston Scientific Corporation (United States), Infraredx, Inc. (United States), Phillips (Netherlands), Terumo Corporation (Japan), Siemens Healthineers AG (Germany), Conavi Medical Inc. (Canada), ACIST Medical Systems (United States), Clarius Mobile Health (Canada) and Infraredx (United States). Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Intravascular Ultrasound market. Considering Market by Product, the sub-segment i.e. IVUS Consoles will boost the Intravascular Ultrasound market. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Intravascular Ultrasound market.
In March 2021, FDA announced a recall of certain lots of ACIST Kodama Intravascular Ultrasound Catheter due to the possibility of the risk of broken O-ring pieces flushing into arteries during their use. The ACIST Kodama Intravascular Ultrasound Catheter (HD-IVUS uses ultrasound to view the inside of an artery. If there is damage then O-ring might break free and flush into the patientís artery during use which can cause harm including vessel blockage.
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Intravascular Ultrasound market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Intravascular Ultrasound market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Intravascular Ultrasound Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.