Vascular Imaging Market - Forecast(2024 - 2030)

• Geographically, North America Vascular Imaging Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the surging reimbursement policies and the increasing predominance of stroke involving growing application of computed tomography for diagnosis of suspected stroke in the North American region.
• Vascular Imaging Market growth is being driven by the proliferating inclination towards non-invasive techniques like magnetic resonance imaging (MRI) methods for diagnosis and treatment of cardio vascular diseases twinned with technological progress. However, the soaring cost of machinery and vascular imaging is one of the major factors hampering the growth of Vascular Imaging Market
• Vascular Imaging Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Vascular Imaging Market report.
  
  

Vascular Imaging Market: Market Share (%) by Region, 2021

For more details on this report - Request for Sample

Vascular Imaging Market Segment Analysis – By Technique:

The Vascular Imaging Market based on technique can be further segmented into X-Ray, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography (CT) and Nuclear Imaging. The Magnetic Resonance Imaging (MRI) Segment held the largest market share in 2021. This growth is owing to the minimally-invasive characteristic of Magnetic Resonance Imaging and its efficiency. The benefits of Magnetic Resonance Imaging include assistance to physicians in diagnosis of an ailment or injury and a special type of MRI termed a functional MRI (fMRI) maps brain action. The increasing predominance of cardiovascular diseases is further propelling the growth of the Magnetic Resonance Imaging (MRI) segment.

Furthermore, the Computed Tomography (CT) Services segment is estimated to grow with the fastest CAGR of 7.6% during the forecast period 2022-2027 owing to the extensive application of computed tomography attributed to the non-invasive medical examination or process utilizing specialized x-ray equipment to generate cross-sectional images of the body.

Vascular Imaging Market Segment Analysis – By Procedure:

The Vascular Imaging Market based on procedure can be further segmented into Microangiography, Coronary Angiography, Peripheral Angiography, Vascular Ultrasound and Cerebral Angiography. The Coronary Angiography Segment held the largest market share in 2021. This growth is owing to the expanding population of the elderly. Classic vascular imaging techniques include Magnetic Resonance Imaging and Computed Tomography. The rising pervasiveness of cardiovascular disease is further propelling the growth of this segment.

Furthermore, the Microangiography segment is estimated to grow with the fastest CAGR of 7.9% during the forecast period 2022-2027 owing to the extensive investigations discussing the advantages of Synchrotron Microangiography. These are targeted towards dynamic examinations of Smooth Muscle and Endothelial Roles in the Pathophysiology of Vascular Disease. Microangiography can be applied as a clear method. In this method, a fluorescent dye is inserted directly into the Sinus Venosus and/or the Posterior Cardinal Vein. This permits the accelerated labeling and effortless detection of patent vessels. The surging applications of Microangiography apart from application of vascular imaging techniques like computed tomography are further fueling the growth of this segment. 

Vascular Imaging Market Segment Analysis – By Geography:

The Vascular Imaging Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and Rest of the World. North America (Vascular Imaging Market) held the largest share with 35% of the overall market in 2021. The growth of this region is owing to the surging demand for vascular imaging in the detection of different ailments in the North American region. Typical vascular imaging techniques include computed tomography and magnetic resonance imaging. The soaring capital financing amidst end-users like multi-specialty hospitals in the U.S. are further propelling the growth of the Vascular Imaging Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like expanding population of the elderly in the Asia-Pacific region. The surging awareness regarding the novel technologies in vascular imaging systems and techniques like computed tomography and magnetic resonance imaging is further fueling the progress of the Vascular Imaging Market in the Asia-Pacific region.

Vascular Imaging Market Drivers

Surging Vascular Applications Of Magnetic Resonance Imaging Are Projected To Drive The Growth Of Vascular Imaging Market:

As per OECD (Organization For Economic Cooperation And Development) Data, the indicator for Magnetic Resonance Imaging (MRI) Exams, is displayed as a whole and broken down between hospitals and ambulatory care providers. It is assessed per 1,000 inhabitants. In 2019, the OECD data for Belgium indicated 98 MRI Exams per 1,000 inhabitants in hospitals while the OECD data for Netherlands for 2019 indicated 60 MRI exams per 1000 inhabitants. While the application of Magnetic Resonance Imaging (MRI) for vascular diagnosis is inclined to rise owing to technical developments enhancing its efficiency, there are some uses for which MRI can be utilized successfully, where accessible. These are inclusive of discovery of aortic pathology in patients who are hemodynamically balanced and discovery of venous thrombosis or occlusion. Additional uses, like discovery and depiction of arterial stenoses and flow measurement, are inclined to be significant in the future. However, technical enhancements and clinical trials are essential prior to extensive use happening. Many magnetic resonance (MR) methods have been advanced for vascular imaging, each taking advantage of distinct characteristics of flowing blood to accomplish contrast. These involve spin-echo for the diagnosis of aortic dissection and of great vessel anomalies and for assessment of pulmonary flow in patients with pulmonary hypertension and pulmonary embolism, and gradient refocused imaging for acknowledging angiograms of the carotid, intracerebral, and peripheral arteries. Phase display and fast MR imaging have been confirmed to be very convenient in distinguishing signal of slow flow from that of intravascular thrombus. Early experience with MR angiography has signified that it will play a vital role in vascular imaging, specifically when tiny field of view must be inspected in high resolution and viewed from different directions. The surging vascular applications of Magnetic Resonance Imaging are therefore fuelling the growth of the Vascular Imaging Market during the forecast period 2022-2027.

Proliferating Applications Of Computed Tomography Angiography Are Expected To Boost The Demand Of Vascular Imaging:

In 2019, the OECD data for Korea indicated a total of 249 Computed Tomography (CT) Exams per 1,000 inhabitants with 225 CT scans per 1,000 inhabitants in hospitals and 24 CT scans per 1000 inhabitants in Ambulatory care providers. Computed tomography angiography (CTA) is a fast, non-invasive technique to envision the vasculature; in most cases with the assistance of iodinated contrast material (ICM). CTA is frequently utilized for determination of the vascular tree as a portion of pre-procedural planning of surgical processes. CTA is a standard process prior to carrying out endovascular processes like transcatheter aortic valve replacement (TAVR) and endovascular repair (EVAR). Patients with atherosclerosis frequently need surgical/endovascular processes and CTA is necessary to localize and prove a hemodynamically significant stenosis. CTA also offers a road map to the vascular lesion and assists in selecting a process and route of access. CTA is critical for handling guidance and treatment planning in patients with vascular emergencies that involve acute aortic syndromes, vascular trauma, internal bleeding, thrombosis and embolism. CTA is a diagnostic modality of selection for patients with mesenteric and crucial limb ischemia. In suspected intense mesenteric ischemia, CTA offers accelerated and non-invasive evaluation of ischemic and substitute diagnoses with soaring diagnostic precision. These kinds of proliferating applications of Computed Tomography Angiography are therefore driving the growth of the Vascular Imaging Market during the forecast period 2022-2027.

Vascular Imaging Market Challenges

Disadvantages Of Vascular Imaging Techniques Are Hampering The Growth Of The Vascular Imaging Market:

Vascular Ultrasound has numerous disadvantages. Vessels deep in the body are more difficult to view than superficial vessels. Specially designed equipment or additional tests like Computed Tomography (CT) or Magnetic Resonance Imaging (MDI) may be essential to correctly envision them. Tinier vessels are harder to image and assess than larger vessels. Calcifications that happen as a consequence of atherosclerosis may restrict the ultrasound beam. The test is specially designed and is most excellently carried out by a technologist and physician with experience in vascular ultrasound imaging. In the case of Arteriograms, the data can also be stocked as a digital file, making it portable and appropriate to archive, which is an enormous reason for this kind of vascular imaging to become so recognized in restricted applications. Exposure to radiation stays the principal limitation of this vascular imaging technique. As per current estimates cited on www.radiologyinfo.org, the average person in the U.S. obtains an effective dose of around 3 mSv per year from natural radiation, which involves cosmic radiation from outer space. These natural "background doses" change as per the residing location of a person. As per further updates on www.radiologyinfo.org, the quantity of radiation from one adult chest x-ray (0.1 mSv) is around identical as 10 days of natural background radiation that one may be exposed to as part of his/her every-day living. These issues are thus hampering the growth of the Vascular Imaging Market.

Vascular Imaging Industry Outlook:

Novel product launches, innovations in the existing technologies and devices, mergers and acquisitions, partnerships and geographical expansions are key strategies adopted by players in this market. Vascular Imaging top 10 companies include:

1. Siemens Healthineers 
2. Hitachi Medical Corporation 
3. Samsung Medison
4. GE Healthcare 
5. Toshiba Medical Systems Corporation 
6. Shimadzu Corp. 
7. Alpinion Medical Systems 
8. Koninklijke Philips N.V. 
9. Hologic, Inc.
10. Esaote SPA 

Recent Developments

• In January 2022, Siemens Healthineers introduced Enhanced Liver Fibrosis (ELF) Test in the U.S. The ELF™ Test is the earliest and only prognostic blood test granted De Novo marketing endorsement to evaluate ailment advancement in NASH patients. The ELF Test is currently accessible countrywide by way of collaborations with Labcorp and Quest Diagnostics.
• In November 2021, Siemens Healthineers introduced the NAEOTOM Alpha, the globe’s earliest photon-counting CT scanner. Currently, the system is certified for clinical application in the U.S. and Europe. NAEOTOM Alpha surpasses in all technical parameters connected to image quality.
• In September 2021, Siemens Healthineers introduced the Luminos Impulse fluoroscopy system, inclusive of characteristics like a seamless imaging chain, all-inclusive dose optimisation, cybersecurity characteristics, and detector-sharing capacities for radiography. In a press release, Siemens Healthineers pronounced that the completely digital Luminos Impulse provides high-end characteristics and superior imaging that have not been accessible at this affordable price in the past. Luminos Impulse is produced for the requirements of contemporary-day fluoroscopy and radiography, the company’s press release pronounced.

Related Reports-

Optical Imaging Market – Forecast (2022 - 2027)
Report Code: HCR 0005

Interventional Radiology Market – Forecast (2022 - 2027)
Report Code: HCR 0231

Near Infrared Imaging Market – Forecast (2022 - 2027)
Report Code: HCR 0301

For more Lifesciences and Healthcare related reports, please click here