INTRAVASCULAR ULTRASOUND IMAGING SYSTEM MARKET ANALYSIS

Regional Analysis

Intravascular Ultrasound System Market - Regional Insights

On the basis of geography, the global intravascular ultrasound system market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the global intravascular ultrasound system market over the forecast period, owing to increasing product launches and rising incidence of cardiovascular diseases in the U.S. In May 2019, Philips announced the launch of the new IntraSight interventional applications platform in the U.S. The secure, application-based platform offers a comprehensive suite of clinically proven instant wave-free ratio (iFR), fractional flow reserve (FFR), intravascular ultrasound (IVUS) and co-registration modalities to simplify complex interventions and speed routine procedures.

Over 8 million people in the U.S. are affected by peripheral arterial disease, according to the National Institutes of Health, Facts about Peripheral Arterial Disease published in September 2017. Furthermore, cardiovascular disease accounts for around 800,000 deaths in the U.S. annually. According to statistics given by the American College of Cardiology in February 2017, over 90 million people in the U.S. get diagnosed with cardiovascular disease. This high diagnosis rate is expected to drive growth of the intravascular ultrasound system market. Emerging economies in Asia Pacific is expected to witness high CAGR over the forecast period due to high death rate due to cardiovascular diseases in the region. According to the World Health Organization (WHO), in 2017, 75% of CVD deaths occurred in low-income and middle-income economies.