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Global Markets for Intravascular Ultrasound Technology (IVUS) Products to Reach $702 Million by 2017: BCC Research
Date:8/11/2013

(PRWEB) August 11, 2013

According to a new technical market research report, The Global Market for Intravascular Ultrasound Tools and Ancillary Equipment (Report code: HLC145A) from BCC Research (http://www.bccresearch.com), the global market for intravascular ultrasound technology products is projected to reach $483.7 million in 2012. BCC Research expects the market to reach $702 million by 2017, and register a five-year compound annual growth rate (CAGR) of 7.7% for the period 2012 to 2017.

Intravascular ultrasound (IVUS) is an imaging technology/methodology that enables viewing of arteries from inside out by generating real-time, cross-sectional images. Intravascular ultrasound imaging technology (IVUS) holds enormous potential in terms of its ability to address unmet requirements in the earlier detection and intervention of coronary artery diseases. Moreover, the popularity of this technology has surged due to its proven advantages (as indicated by some international clinical studies) over traditional angiography. The use of IVUS in left main disease, chronic total occlusion, lower limb peripheral artery diseases, and for guiding angioplasty are some of the key opportunity areas for this technology.

However, while an aging population and rising chronic disease (such as cardiac disease) population is driving the market’s growth, the high cost of IVUS devices/products coupled with the growing need of cost-effective treatment worldwide is restricting its market growth. As a result, IVUS is still an underutilized and underpenetrated technology, whose real potential is yet to be exploited.

In terms of market maturity standards, IVUS is not a mature technology (
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