Categories: Market Research

Vascular Imaging Market Insights, Demand, Analysis, Share, Forecast: 2024-2033

The vascular imaging from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Vascular Imaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

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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Scope Of Vascular Imaging Market

The Business Research Company’s reports encompass a wide range of information, including:

Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.

Vascular Imaging Market Overview

Market Drivers –

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.

Market Trends –

Major companies operating in the vascular imaging market are focused on developing innovative solutions, such as wireless ultrasound imaging systems, to enhance diagnostic capabilities and improve patient care. Wireless ultrasound imaging systems refer to portable ultrasound devices that transmit imaging data wirelessly, enabling greater flexibility and mobility in medical settings. For instance, in August 2023, GE HealthCare Technologies Inc., a US-based medical technology company, launched Vscan Air SL, a handheld, wireless ultrasound imaging system tailored for swift cardiac and vascular evaluations at the point of care, aiding clinicians in expediting diagnosis and treatment planning. An enhancement to the Vscan lineup, Vscan Air SL integrates GE Healthcare’s SignalMax and XDclear technology, delivering superior imaging performance characterized by exceptional penetration, resolution, and sensitivity, powered by cutting-edge single-crystal transducer technology.

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

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Regional Insights –

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.

Key Companies –

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

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