The global vascular imaging market covers imaging procedures used to assess blood flow for the effective diagnosis and treatment of various cardiovascular diseases (CVDs). This market is expected to reach USD 5.95 billion by 2022 from USD 4.35 billion in 2017, at a CAGR of 6.5%.
Globally, the market is witnessing growth due to factors such as the increasing prevalence and incidence of CVDs, increasing aging population, and technological advancements in vascular imaging systems. On the other hand, the availability of low-cost conventional alternatives is expected to restrain market growth.
Based on technique, the market is segmented into MRI, CT, ultrasound, nuclear imaging, and X-ray. The MRI segment is expected to dominate the global vascular imaging market throughout the forecast period. The increasing incidence of CVDs and the launch of advanced MRI systems are the key factors driving the growth of this segment.
Based on applications, the market has been segmented into diagnostic and therapeutic applications. The therapeutic applications segment is expected to register the highest growth during the forecast period primarily due to the growing use of imaging techniques in surgeries & treatments.
On the basis of end user, the market is segmented into hospitals, diagnostic imaging centers, and other end users. Currently, hospitals are the largest end users of vascular imaging systems. This end-user segment is also expected to register the highest growth during the forecast period. The increasing prevalence of CVDs (resulting in the increased demand for non-invasive techniques), technological advancements, and rising demand for advanced systems in operating rooms (especially in developed countries across North America and Europe) are the major factors driving the growth of this end-user segment.
Among the four regional segments covered in the vascular imaging market—North America, Europe, Asia, and Rest of the world (RoW)—the Asian market is expected to grow at the highest CAGR during the forecast period. The high growth in this regional segment can be attributed to the increasing healthcare expenditure, rising disposable incomes, and growing penetration of health insurance in major Asian markets.
Market leaders and emerging players in these market segments are increasing their focus in developing vascular imaging systems for major CVDs such as atherosclerosis, stroke, and aneurysm.
Mr. Shelly Singh
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