Market Definition
Intracardiac echocardiography (ICE) is considered as advanced imaging system, enabling physicians in high-resolution conception of cardiac tissues, real-time monitoring of catheter positioning and early identification of procedural difficulties. Whereas intravascular ultrasound (IVUS) makes use of transducer/probe to create sound waves and yield pictures of the internal structure of blood vessels.
Market Outlook
Intracardiac echocardiography (ICE) is considered as advanced imaging system, enabling physicians in high-resolution conception of cardiac tissues, real-time monitoring of catheter positioning and early identification of procedural difficulties. Whereas intravascular ultrasound (IVUS) makes use of transducer/probe to create sound waves and yield pictures of the internal structure of blood vessels.
Technological advancements are anticipated to strengthen the industry growth potential. The market growth is highly attributable to novel product launches. For instance, several industry players are currently focusing on the development of devices that can support both ICE and IVUS used in peripheral artery and coronary artery interventions for the visualization of stent positioning. Further, these advancements have transformed ICE imaging capabilities from 2D echo to 3D and further to 4D echo. As processing speed and computing power increases, ICE systems can process large volume of data to reconstruct the images in real time. Thus, with continued product innovations, the intracardiac echocardiography and intravascular ultrasound market will foresee tremendous growth opportunities.
Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Intracardiac Echocardiography (ICE) and Intravascular Ultrasound (IVUS) Market Segmental Overview
The report analyses the global intracardiac echocardiography (ICE) and intravascular ultrasound (IVUS) market based on application, end-user, and region
Global Intracardiac Echocardiography (ICE) and Intravascular Ultrasound (IVUS) Market by Application
Based on application segment, the intracardiac echocardiography and intravascular ultrasound market is segmented into electrophysiology procedures, left atrial appendage closure, septal defects and others. The septal defects segment accounted for significant market share in 2021. Product innovations and proven efficacy of novel devices is influencing the adoption of ICE technology as alternative to conventional technology i.e., transoesophageal echocardiography used to treat septal defect disorders. Moreover, ventricular septal defects and atrial septal defects are congenital disorders that might cause problems in the future. With advanced echocardiography using the ICE systems, treatment and visibility of septal structure can be improved. Thus, with continuous developments providing the ease in procedure, the segment will hold significant market share in coming years.
Global Intracardiac Echocardiography (ICE) and Intravascular Ultrasound (IVUS) Market by End-user
The intracardiac echocardiography and intravascular ultrasound market based on end-use is segregated into hospitals, catherization laboratories, and others. The catherization laboratories segment held lucrative revenue share in 2021. Improving healthcare infrastructure and spending on expansion of cardiac catheterization laboratories in developing countries is estimated to stimulate the segmental growth rate. Additionally, penetration of market players with advanced ICE and IVUS devices in developed countries along with spending on cutting-edge technologies will augment the product adoption rate in facilities.
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Major Players in the Global Intracardiac Echocardiography (ICE) and Intravascular Ultrasound (IVUS) Market
The key players in the market Abbott Laboratories, Boston Scientific Corporation, Johnson & Johnson Services Inc. (Biosense Webster Inc.), NIPRO (Infraredx, Inc.), CONAVI MEDICAL, Siemens Healthineers AG, Koninklijke Philips N.V. , Fujifilm Corporation, Chison Medical IMaging Co. Ltd., and Mindray Medical, among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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