Rising prevalence of vascular disorders and increasing preference for minimally invasive diagnostic procedures are some key factors driving market revenue growth

The global vascular imaging market size is expected to reach USD 12.85 Billion in 2028 and register a revenue CAGR of 6.9% over the forecast period, according to the latest report by Reports and Data. Rising prevalence of vascular disorders and increasing preference for minimally invasive diagnostic procedures are some key factors expected to drive market revenue growth over the forecast period. In addition, use of advanced imaging equipment in hybrid operating rooms is also expected to contribute significantly to revenue growth of the market going ahead.

A hybrid room combines the features of an interventional room and traditional vascular and cardiac surgery operating theatre. In recent years, hybrid operation rooms are increasingly preferred as these facilities enables to carry out increasingly complex, minimally invasive, faster and more precise diagnostic procedures associated with cardiovascular surgery such as the treatment of an aneurysm or aortic dissection. The hybrid room implements state-of-the-art equipment to facilitate treatment of these diseases in a percutaneous manner and also facilitates introduction of customized prostheses adapted to each patient’s anatomy. This is expected to drive revenue growth of the market.

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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.

Key companies operating in the market and profiled in the report include:

Siemens Healthineers AG, GE Healthcare Inc., Carestream Health Inc., Koninklijke Philips NV, Samsung Medison Co. Ltd., Toshiba Medical Systems Corporation, Mindray Medical International Ltd., Shimadzu Corporation, Evena Medical Inc., and Omega Medical Imaging LLC.

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The Vascular Imaging market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.

Segments Covered in the report

Procedure Outlook (Revenue, USD Billion; 2018-2028)

  • Coronary Angiography
  • Peripheral Angiography
  • Neurovascular Angiography
  • Vascular Ultrasound Procedures
  • Others

Technology Outlook (Revenue, USD Billion; 2018-2028)

  • Magnetic Resonance Imaging Angiography
  • Computed Tomography Angiography
  • Ultrasound
  • X-Ray
  • Nuclear Imaging

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Diagnostic
  • Therapeutic

 End-Use Outlook (Revenue, USD Billion; 2018-2028)

  • Hospitals
  • Diagnostic Imaging Centers
  • Others

Key Regions Analyzed in the Report include:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Rest of MEA

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Furthermore, it consists information about individual segment of the Vascular Imaging market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.

Some Key Highlights From the Report:

  • In August 2020, Koniklijke Philips NV announced the acquisition of Intact Vascular Inc. to expand the portfolio of minimally invasive therapy options for peripheral artery disease. Through this acquisition, Philips will integrate Intact Vascular’s specialized implantable device with Philips interventional imaging systems and its diagnostic and therapeutic devices for optimizing and providing a complete procedural solution for peripheral artery disease treatment. 
  • Peripheral angiography segment revenue is expected to expand at a rapid CAGR over the forecast period, attributable to rising prevalence of peripheral arterial diseases and increasing use of peripheral angiography procedure to identify and evaluate blockage or any abnormalities in leg, arm, or neck.
  • Magnetic resonance angiography segment is expected to account for largest revenue share over the forecast period owing to increasing use of this technique for identifying vascular anomalies such as cerebral aneurysms, arterial lesions in sickle cell disease, arterial ischemic infarction, and other vascular anomalies.
  • Therapeutics segment is expected to register a significantly steady revenue CAGR owing to rapid development of targeted therapies and approaches, rising focus on preventive measures, and rapid implementation of advanced diagnostic techniques to increase success rate of treatments during early stage of disease. 
  • Diagnostic imaging centers segment revenue is expected to expand at a robust CAGR over the forecast period owing to increasing private and public funding to develop state-of-the-art imaging facilities, enable improved accessibility, presence of skilled radiologists, and increasing preference for outpatient imaging services.
  • North America is expected to account for largest revenue share over the forecast period, attributable to rising prevalence of chronic disorders, increasing demand for mobile vascular imaging devices, availability of favorable reimbursement policies, and increasing funding to adopt technologically advanced imaging modalities in hospitals and centers in countries in the region.

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