The global Vascular Imaging market size is expected to be worth around US$ 24.8 billion by 2028, according to a new report by Vision Research Reports.
The global Vascular Imaging market size was valued at US$ 17.9 billion in 2020 and is anticipated to grow at a CAGR of 4.6% during forecast period 2021 to 2028.
Increasing prevalence of cardiovascular disorders and growing technological advancements in vascular scanning devices are majorly driving the vascular imaging market. In addition, growing funding for developments in vascular imaging devices is further anticipated to fuel the market.
Recent developments in ultrasound technology including 3D visualization and handheld devices are expected to contribute to the vascular imaging market growth. Replacement of 2D technology into 3D has enabled 3D capturing of images without the movement of transducer in real-time. In addition, developments in vector-Doppler technique based on plane-wave imaging is gaining popularity. This method effectively decreases the frame rate (reduces scan-lines) required for focusing an image and more rapidly.
Increasing number of diagnostic imaging centers due to increasing patient pool is an opportunity for the manufacturers to introduce more efficient imaging technologies. Increasing developments in imaging technologies, such as X-ray based analyses and ultrasonography techniques are expected to expand the applications of vascular imaging. These modalities are highly preferred in both palliative and curative care for superior levels of healthcare.
Based on type, the vascular imaging market is classified into minimally invasive and non-invasive. The minimally invasive market is segmented into catheter angiogram, intravascular ultrasound, computed tomography angiography (CTA), lymphoscintigraphy, and venogram. The non-invasive segment is categorized into abdominal ultrasound, angiography, ankle-brachial index (ABI), captopril renal scan, carotid duplex ultrasound, CT scan, Doppler ultrasound, duplex ultrasound, MRA (magnetic resonance angiography) and MRI (magnetic resonance imaging).
Non-invasive type held the largest market share in 2020 and is expected to grow at a healthy rate over the forecast period. Higher safety, patient convenience, and shorter recovery time compared to conventional imaging procedures are the factors expected to drive the market’s growth over the forecast period. Minimally Invasive vascular imaging normally takes several hours for the catheter insertion site to get recovered, whereas, patients subjected to a coronary CT angiography can return to their routine activities immediately.
Improving specificity, sensitivity, and imaging standards coupled with optimized radiation exposure of non-invasive vascular imaging modalities are expected to boost the adoption of advanced vascular imaging modalities. According to a clinical study reported in NCBI, CT coronary angiography had a sensitivity of 80.0% and specificity of 67.0% in the diagnosis of Coronary Heart Diseases (CHD), compared to 67.0% and 75.0% sensitivity and specificity respectively of conventional invasive angiography.
Based on end-use, the vascular imaging market is segmented into hospitals and diagnostics imaging center. Hospitals accounted for the largest market share in 2018 and are expected to grow at a significant rate over the forecast period. The growth of this segment is majorly contributed to factors such as large patient pool, availability of funds to acquire advanced equipment and high competition among healthcare service providers.
The rising number of emergency admission in hospitals for conditions such as stroke, chest pain, and abdominal discomfort is expected to boost the demand for vascular imaging modalities in emergency departments. According to NCBI reports, acute chest pain is responsible for more than 700,000 emergency admissions every year in England and Wales. This figure is around one-fourth of all emergency admissions. This condition requires quick and accurate diagnosis to avoid complications. The introduction of handheld and quicker imaging equipment is expected to expand their applications in emergency departments including ambulatory care centers.
Diagnostics imaging centers are also expected to grow at a significant rate over the forecast period. The low cost of CT/ MRI scans, the presence of diagnostics accreditation boards, and improving accessibility in developing countries such as India, China, and others are the factors expected to drive growth over the forecast period.
Based on the application, the market is segmented into diagnostics and therapeutic segments. The diagnostic segment captured the largest share in 2020. Introduction of advanced imaging modalities that help in reducing turnaround time and development of effective alternatives for invasive and minimally invasive diagnostic modalities are some of the major factors driving the segment growth.
Development of faster-acting targeted therapies, the adaption of preventive measures, and the introduction of early diagnostic methods that help in increasing treatment success at the early stages of the disease are the factors expected to impede the growth of the therapeutic segment. However, the introduction of advanced technology such as vascular robots, and the peripherally inserted central venous catheter is expected to resolve complications about repeat procedures and blood vessel rupture.
North America held the largest share in the vascular imaging market in 2020. The presence of major players, streamlined reimbursement policies, rising incidence of stroke, and prevalence of cardiovascular disorders are the factors expected to drive the growth in this region. According to AHA, 2019 heart disease and stroke statistics, on average, every 40 seconds an American will have a stroke, and about 795,000 Americans reported with new or recurrent stroke annually.
Europe accounted for the second-largest market share in vascular imaging in 2020. Increasing prevalence of diabetes, obesity, and cardiovascular disorders are expected to further fuel the growth. This is mainly due to rising behavioral risk factors such as smoking, alcohol consumption, unhealthy diet, and sedentary lifestyle adoption. The majority of the installed units of vascular CT and MRI imaging in the region are more than 10 years old. Rapid replacement of this equipment by advanced versions is expected to boost the market dynamics in the region during the forecast period.
Siemens Healthineers, GE Healthcare, Koninklijke Philips N.V. Hitachi Medical Corporation, Samsung Medison, Shimadzu Medical Systems, Hologic Inc., Abbott Laboratories, and Carestream Health Inc.
Ankle-brachial index (ABI)
Captopril renal scan
Carotid duplex ultrasound
MRA (magnetic resonance angiography)
MRI (magnetic resonance imaging)
Diagnostic Imaging Centers
Middle East & Africa
The Vascular Imaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Vascular Imaging market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Vascular Imaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Vascular Imaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Vascular Imaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Vascular Imaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Vascular Imaging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Vascular Imaging market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Vascular Imaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Vascular Imaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Vascular Imaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Vascular Imaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Vascular Imaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Vascular Imaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Vascular Imaging market. These factors have benefited the growth of the global market for Vascular Imaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Vascular Imaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Vascular Imaging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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