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.
Sizing and Forecast
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 in the historic period can be attributed to continuous improvements in imaging technologies, the global increase in the elderly population, the rising incidence of cardiovascular diseases, increased government funding and initiatives for healthcare infrastructure, and increasing awareness and 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 growth in the forecast period can be attributed to enhanced awareness and regular screening programs, preference for non-invasive and minimally invasive imaging techniques, growth in medical tourism, favorable reimbursement policies for vascular imaging procedures, and increasing prevalence of age-related vascular diseases. Major trends in the forecast period include advancements in three-dimensional (3D) and four-dimensional (4D) imaging technologies, development and adoption of hybrid imaging systems, improvements in imaging resolution and clarity, enhanced intravascular imaging technologies, telemedicine, and remote imaging.
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Segmentation & Regional Insights
The vascular imaging market covered in this report is segmented –
1) By Technique: Magnetic Resonance Imaging, Ultrasound, Computed Tomography, Nuclear Imaging, X-Ray
2) By Procedure: Coronary Angiography, Peripheral Angiography, Neurovascular Angiography, Vascular Ultrasound Procedures, Micro Angiography, Other Procedures
3) By Application: Diagnostic Applications, Therapeutic Applications
4) By End User: Hospitals, Diagnostic Imaging Centres, Other End-Users
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.
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Major Driver Impacting Market Growth
Increasing incidences of hypertension are expected to propel the growth of the vascular imaging market going forward. Hypertension, or high blood pressure, is a condition where the force of the blood against the artery walls is consistently too high. It can lead to serious health problems, including heart disease and stroke. Hypertension is increasing due to lifestyle factors such as poor diet, lack of physical activity, and stress, as well as rising rates of obesity and aging populations. Vascular imaging plays a critical role in hypertension by assessing vascular structure and function, aiding in the diagnosis and management of underlying vascular abnormalities contributing to elevated blood pressure. For instance, in March 2024, according to the Centers for Disease Control and Prevention, a US-based national public health agency, hypertension prevalence was observed to be higher among men (33.2%) compared to women (27.0%), among adults aged ≥65 years (60.6%) compared to those aged 18–44 years (14.5%) and 45–64 years (40.3%), among black adults (40.2%) compared to Asian adults (22.7%), and among individuals with less than a high school education (33.8%) compared to those with some college (31.2%) or a college degree or higher education (25.5%). Therefore, increasing incidences of hypertension are driving the growth of the vascular imaging market.
Key Industry Players
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
The vascular imaging market report table of contents includes:
1. Executive Summary
- Vascular Imaging Market Characteristics
- Vascular Imaging Market Trends And Strategies
- Vascular Imaging Market – Macro Economic Scenario
- Global Vascular Imaging Market Size and Growth
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32. Global Vascular Imaging Market Competitive Benchmarking
- Global Vascular Imaging Market Competitive Dashboard
- Key Mergers And Acquisitions In The Vascular Imaging Market
- Vascular Imaging Market Future Outlook and Potential Analysis
- Appendix
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