Vascular imaging is a method of detecting a disease through the blood flow in veins and vesicles. Vascular imaging helps surgeons gather specific information in a patient’s body before conducting suitable surgical procedures. In addition, examinations such as blockage in veins, weak arterial walls, plaque formation, detection of blood clots, evaluation graft surgeries and the severity of varicose veins can all be ascertained with the application of vascular imaging. Vascular imaging is performed with the use of techniques such as magnetic resonance imaging (MRI), computed tomography (CT) and ultrasound among others.
The major reason responsible for the growth of vascular imaging market is the rising number of patients suffering from cardiovascular diseases. In addition, development of new vascular imaging techniques and adoption of minimally invasive surgical procedures is also set to bolster the growth of vascular imaging market. Technological advancements in vascular imaging such as change of preference from 2D imaging to 3D imaging is set bring a transition in the growth of vascular imaging market. Angiography, a type of vascular imaging method, is widely performed in old people. Therefore, rise in the geriatric population worldwide is set to positively influence the growth of this market. However, high cost associated with the manufacturing of vascular imaging equipments and lack of expertise in handling all types of vascular imaging equipments is set inhibit the growth of vascular imaging market during the forecast period.
The vascular imaging market has been segregated into two vital segments such as by product and by end-user. The product segmentincludesx-ray, nuclear imaging, ultrasound, CT and MRI. MRI witnessed the largest market share in this segment due to the rising incidences of cardiovascular diseases, where the application of MRI is highly significant. By end-user, the market has been classified into diagnostic centers, hospitals, research centers and ambulatory surgery centers. Hospital is the leading market share holder in this segment. This is due to the more number of usage and application of vascular imaging in hospitals.
By geography, the vascular imaging market has been bifurcated into regions such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is expected to be the dominating market among all regions. The U.S. is not only the leading market in North America but also in the world among all countries. Increasing geriatric population and rising incidences of cardiovascular diseases in the country are the major reasons for the country’s dominance in this market. Europe is another significant vascular imaging market considering the presence of large vascular imaging manufacturing companies in the region. In addition, rising technological advancements for efficient vascular imaging and increasing growth in the healthcare sector is expected to bolster the growth of the vascular imaging market in Europe.In terms of growth rate, Asia Pacific is expected to witness the highest CAGR among all regions. There have been immense technological advancements in the healthcare care sectors of China, India and Japan among other countries of Asia Pacific. China and India are the most populated countries in the world. A significant proportion of the population of both the countries are suffering from cardiovascular diseases.
Some of the major players in the vascular imaging market areGE Healthcare, St. Jude Medical, Inc., Omega Medical Imaging LLC, Siemens Healthineers, Toshiba Medical Systems Corporation and Hitachi Medical Corporation among others.
Vascular Imaging Market: By Product
Vascular Imaging Market: By End-User
Vascular ImagingMarket: By Geography