Vascular Imaging Market Synopsis:
Vascular Imaging Market Size Was Valued at USD 6.33 Billion in 2023, and is Projected to Reach USD 10.48 Billion by 2032, Growing at a CAGR of 6.50% From 2024-2032.
The vascular imaging market consists of a broad category of technologies and methods of creating imagery associated with vessels, the blood vessels, and other related structures. This market is mainly concerned with the identification, management and tracking of all sorts of vascular diseases which include peripheral vascular diseases, coronary artery diseases, and aneurisms. Imaging of vascular structure can be by ultrasound imaging, MRI or CT angiography and X-ray angiography, which play vital rolls for clinicians diagnosing and managing vascular disease.
The growth of the vascular imaging market is due to the rising incidence rates of cardiovascular diseases that are ranked as some of the most significant health concerns today. Demographics like the aging population, less active lifestyle, obesity and diabetes have accelerated the need for enhanced vascular imaging products. Moreover, there have been advances to imaging technologies for better image resolution, speed to enable better diagnosis and the infusion of artificial intelligence in the process are helping shape this market as well.
Another major factor is the growing expenditure on healthcare and the rapidly growing number of diagnostic imaging centers. Increased government support and health care reforms in target countries such as developing regions have increased the usage of vascular imaging systems. Also, rising patient knowledge about diagnosing diseases at an early stage and an increasing focus on preventive health care is another factor that is pushing the demands of vascular imaging.
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Vascular Imaging Market Trend Analysis:
The shift towards non-invasive imaging techniques.
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Another key development in the market of vascular imaging is a clear drift toward using noninvasive assessment methods. Since patients and healthcare providers are looking for safer methods of diagnosis, non-invasive technologies including ultrasound and MRI are being adopted because they produce detailed vascular images as this technology. This trend is further backed by Research and Development activities being currently undertaken to improve the precision and efficacy of the said non-incvasive measures.
- Another emerging phenomenon in the application of vascular imaging is the use of artificial intelligence and machine learning. These technologies are being employed for improving image analysis, decreasing the interpretive mistakes and sparing time and efforts in the clinical practice fields. It was postulated that as these algorithms improve in the future, they will increasingly serve as assistant tools to help enhance diagnostic yields and patients’ outcomes in vascular imaging.
Healthcare infrastructure is rapidly developing.
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Opportunities The vascular imaging market is still a promising market in developing countries where healthcare sector is in its continuous advancement stage. When countries are spending considerably in the area of medical technologies, there is need to have efficient diagnostic devices for increasing rates of cardiovascular diseases. This fosters channels through which market players can bring forward their new vascular imaging technologies to manufacturing companies, healthcare providers and patients in these regions.
- There are also possibilities for the cooperation between vascular imaging companies and healthcare organizations or research centers. These entities can help advance the capabilities of advanced imaging technologies and by sharing information on and developments in the subject, the quality of clinical practice can also be improved. They can result into bringing up new solutions which fit various vascular health issues and are effective in-patient management.
Vascular Imaging Market Segment Analysis:
Vascular Imaging Market Segmented based on Modality, Application, End User, and Region.
By Modality, Ultrasound segment is expected to dominate the market during the forecast period
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The vascular imaging market can be described with several capabilities offering critical information about the vascular system. Ultrasound is a common noninvasive imaging technique allowing to obtain the images of blood vessels, using sound waves, including Doppler examination for evaluating blood flow. MRI is another modality that uses strong magnetic fields and radio waves to produce precise studies of blood vessels especially for soft tissue observation and to identify pathologic changes.
- Computed Tomography (CT) Angiography is an advanced form of X-ray imaging that utilises computer engineering to x-ray in cross-sectional slices specific to the Blood Vessel, effectively creating a all-round look at the body's blood vessels. X-ray angiography, which is a more conventional system, also contains an injection of the contrast dye in order to gain insight into blood vessels and their capability of bearing obstructions and deformities. The final technique is Nuclear Imaging which uses radioactive agents that highlight the blood flow and allows identification of disorders within the vascular system while the process offer functional information on blood vessels. Altogether, these modalities improve the diagnostic and treatment of different vascular diseases.
By Application, Peripheral Vascular Disease segment expected to held the largest share
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This market can be divided in segments of various applications for vascular imaging targeting different diseases. Peripheral Vascular Disease (PVD) is seen as a chief area of utilization, mainly to identify and treat disorders primarily for limbs circulation. Imaging techniques in blood vessels are important for determining blood supply and to perform screening for peripheral arteries obstructive disease. Another important use case is coronary artery disease (CAD), where imaging is a critical factor for diagnosis as well as the measurement of the level of blockage in the arteries that supply blood to the heart. Carotid Artery Disease where there is constriction of the carotid arteries that provide blood in the brain also requires vascular imaging for assessment and management of the risk factors involved. Another important application is the so-called aneurysms which is an enlargement of blood vessels; regarding their size imaging methods are used to make decisions when surgery is needed. However, still, the referred market comprises other applications such as deep vein thrombosis, and varicose veins which expand on the prospects of identification and treatment of vascular diseases.
Vascular Imaging Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
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North America has a commendable market share for vascular imaging mainly because of the favourable medical facility standards and embracing ability to incorporate with new vascular imaging technology. The region comprises of many medical device major manufactures and research organizations involved in the development of new and advanced vascular imaging technologies. Also, there has been high cases of cardiovascular diseases recently in North America and thus the need for better diagnostic tools to ensure effectiveness and accuracy thus making North America occupy the leading position in this industry.
- In addition, a favourable reimbursement scenario and a well-defined regulatory environment in North America boosts the vascular imaging market. Such factors help healthcare providers to obtain most up-to-date technology for imaging, which would help in diagnosing and treating patients. Therefore, it is anticipated that the market for vascular imaging in North America would remain unchallenged and leader the market for quite some time in the future.
Active Key Players in the Vascular Imaging Market:
- Abbott Laboratories (United States)
- Boston Scientific Corporation (United States)
- Bracco Imaging (Italy)
- Canon Medical Systems (Japan)
- GE Healthcare (United States)
- Koninklijke Philips N.V. (Netherlands)
- Medtronic (United States)
- Philips Healthcare (Netherlands)
- Siemens Healthineers (Germany)
- Toshiba Medical Systems Corporation (Japan)
- Other Active Players
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Vascular Imaging Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.33 Billion |
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Forecast Period 2024-32 CAGR: |
6.50 % |
Market Size in 2032: |
USD 10.48 Billion |
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Segments Covered: |
By Modality |
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By Application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Vascular Imaging Market by Modality
4.1 Vascular Imaging Market Snapshot and Growth Engine
4.2 Vascular Imaging Market Overview
4.3 Ultrasound
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Ultrasound: Geographic Segmentation Analysis
4.4 MRI
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 MRI: Geographic Segmentation Analysis
4.5 CT Angiography
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 CT Angiography: Geographic Segmentation Analysis
4.6 X-ray Angiography
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 X-ray Angiography: Geographic Segmentation Analysis
4.7 Nuclear Imaging)
4.7.1 Introduction and Market Overview
4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.7.3 Key Market Trends, Growth Factors and Opportunities
4.7.4 Nuclear Imaging): Geographic Segmentation Analysis
4.8
4.8.1 Introduction and Market Overview
4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.8.3 Key Market Trends, Growth Factors and Opportunities
4.8.4 : Geographic Segmentation Analysis
Chapter 5: Vascular Imaging Market by Application
5.1 Vascular Imaging Market Snapshot and Growth Engine
5.2 Vascular Imaging Market Overview
5.3 Peripheral Vascular Disease
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Peripheral Vascular Disease: Geographic Segmentation Analysis
5.4 Coronary Artery Disease
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Coronary Artery Disease: Geographic Segmentation Analysis
5.5 Carotid Artery Disease
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Carotid Artery Disease: Geographic Segmentation Analysis
5.6 Aneurysm
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Aneurysm: Geographic Segmentation Analysis
5.7 Other Applications)
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Other Applications): Geographic Segmentation Analysis
5.8
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 : Geographic Segmentation Analysis
Chapter 6: Vascular Imaging Market by End User
6.1 Vascular Imaging Market Snapshot and Growth Engine
6.2 Vascular Imaging Market Overview
6.3 Hospitals
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Hospitals: Geographic Segmentation Analysis
6.4 Diagnostic Imaging Centers
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Diagnostic Imaging Centers: Geographic Segmentation Analysis
6.5 Research Institutions)
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Research Institutions) : Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Vascular Imaging Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 SIEMENS HEALTHINEERS (GERMANY)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 GE HEALTHCARE (UNITED STATES)
7.4 PHILIPS HEALTHCARE (NETHERLANDS)
7.5 CANON MEDICAL SYSTEMS (JAPAN)
7.6 TOSHIBA MEDICAL SYSTEMS CORPORATION (JAPAN)
7.7 MEDTRONIC (UNITED STATES)
7.8 ABBOTT LABORATORIES (UNITED STATES)
7.9 BRACCO IMAGING (ITALY)
7.10 BOSTON SCIENTIFIC CORPORATION (UNITED STATES)
7.11 KONINKLIJKE PHILIPS N.V. (NETHERLANDS)
7.12 OTHER ACTIVE PLAYERS
Chapter 8: Global Vascular Imaging Market By Region
8.1 Overview
8.2. North America Vascular Imaging Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Modality
8.2.4.1 Ultrasound
8.2.4.2 MRI
8.2.4.3 CT Angiography
8.2.4.4 X-ray Angiography
8.2.4.5 Nuclear Imaging)
8.2.4.6
8.2.5 Historic and Forecasted Market Size By Application
8.2.5.1 Peripheral Vascular Disease
8.2.5.2 Coronary Artery Disease
8.2.5.3 Carotid Artery Disease
8.2.5.4 Aneurysm
8.2.5.5 Other Applications)
8.2.5.6
8.2.6 Historic and Forecasted Market Size By End User
8.2.6.1 Hospitals
8.2.6.2 Diagnostic Imaging Centers
8.2.6.3 Research Institutions)
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Vascular Imaging Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Modality
8.3.4.1 Ultrasound
8.3.4.2 MRI
8.3.4.3 CT Angiography
8.3.4.4 X-ray Angiography
8.3.4.5 Nuclear Imaging)
8.3.4.6
8.3.5 Historic and Forecasted Market Size By Application
8.3.5.1 Peripheral Vascular Disease
8.3.5.2 Coronary Artery Disease
8.3.5.3 Carotid Artery Disease
8.3.5.4 Aneurysm
8.3.5.5 Other Applications)
8.3.5.6
8.3.6 Historic and Forecasted Market Size By End User
8.3.6.1 Hospitals
8.3.6.2 Diagnostic Imaging Centers
8.3.6.3 Research Institutions)
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Vascular Imaging Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Modality
8.4.4.1 Ultrasound
8.4.4.2 MRI
8.4.4.3 CT Angiography
8.4.4.4 X-ray Angiography
8.4.4.5 Nuclear Imaging)
8.4.4.6
8.4.5 Historic and Forecasted Market Size By Application
8.4.5.1 Peripheral Vascular Disease
8.4.5.2 Coronary Artery Disease
8.4.5.3 Carotid Artery Disease
8.4.5.4 Aneurysm
8.4.5.5 Other Applications)
8.4.5.6
8.4.6 Historic and Forecasted Market Size By End User
8.4.6.1 Hospitals
8.4.6.2 Diagnostic Imaging Centers
8.4.6.3 Research Institutions)
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Vascular Imaging Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Modality
8.5.4.1 Ultrasound
8.5.4.2 MRI
8.5.4.3 CT Angiography
8.5.4.4 X-ray Angiography
8.5.4.5 Nuclear Imaging)
8.5.4.6
8.5.5 Historic and Forecasted Market Size By Application
8.5.5.1 Peripheral Vascular Disease
8.5.5.2 Coronary Artery Disease
8.5.5.3 Carotid Artery Disease
8.5.5.4 Aneurysm
8.5.5.5 Other Applications)
8.5.5.6
8.5.6 Historic and Forecasted Market Size By End User
8.5.6.1 Hospitals
8.5.6.2 Diagnostic Imaging Centers
8.5.6.3 Research Institutions)
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Vascular Imaging Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Modality
8.6.4.1 Ultrasound
8.6.4.2 MRI
8.6.4.3 CT Angiography
8.6.4.4 X-ray Angiography
8.6.4.5 Nuclear Imaging)
8.6.4.6
8.6.5 Historic and Forecasted Market Size By Application
8.6.5.1 Peripheral Vascular Disease
8.6.5.2 Coronary Artery Disease
8.6.5.3 Carotid Artery Disease
8.6.5.4 Aneurysm
8.6.5.5 Other Applications)
8.6.5.6
8.6.6 Historic and Forecasted Market Size By End User
8.6.6.1 Hospitals
8.6.6.2 Diagnostic Imaging Centers
8.6.6.3 Research Institutions)
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Vascular Imaging Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Modality
8.7.4.1 Ultrasound
8.7.4.2 MRI
8.7.4.3 CT Angiography
8.7.4.4 X-ray Angiography
8.7.4.5 Nuclear Imaging)
8.7.4.6
8.7.5 Historic and Forecasted Market Size By Application
8.7.5.1 Peripheral Vascular Disease
8.7.5.2 Coronary Artery Disease
8.7.5.3 Carotid Artery Disease
8.7.5.4 Aneurysm
8.7.5.5 Other Applications)
8.7.5.6
8.7.6 Historic and Forecasted Market Size By End User
8.7.6.1 Hospitals
8.7.6.2 Diagnostic Imaging Centers
8.7.6.3 Research Institutions)
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
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Vascular Imaging Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.33 Billion |
|
Forecast Period 2024-32 CAGR: |
6.50 % |
Market Size in 2032: |
USD 10.48 Billion |
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Segments Covered: |
By Modality |
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By Application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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