Report : South and Central America Intravascular Ultrasound (IVUS) Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Modality (Virtual Histology IVUS, iMap IVUS, and Integrated Backscatter IVUS), Product (Equipment, and Accessories [Catheters, Guidewires, and Others]), and End User (Hospitals and Clinics, Diagnostic Centers, and Academic and Research Institutes)
The accessories segment by product is estimated to lead the market growth during the forecast period.
According to a new market research study of “South and Central America Intravascular Ultrasound (IVUS) Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Modality, Product, End User and Country.” The South and Central America intravascular ultrasound devices market is expected to reach US$ 60.49 million in 2028 from US$ 37.84 million in 2021; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028. The report highlights trends prevailing in the South and Central America intravascular ultrasound devices market and the factors driving market along with those that act as hindrances.
Various economies worldwide, including Brazil and Peru, are considerably modernizing healthcare facilities and services. As a result, the life expectancy of people in these countries has increased, leading to a rise in the geriatric population base. According to the data by the WHO, in February 2018, the aging population is estimated to rise from 12% in 2015 to 22% by 2050. Moreover, underdeveloped and developing countries would account for ~80% of this growth.
In the 2019 Heart Disease and Stroke Statistical Update by the American Heart Association, Inc. (AHA), the incidence of cardiovascular disease (CVDs) was reported to be 77.2% in males and 78.2% in females of age 60–79. Furthermore, the incidence was reported to be 89.3% in males and 91.8% in females with age 80 and above. Age is a prominent risk factor in the development of CVDs. Heart’s physiological aging, and increased oxidative stress and inflammation are the major factors causing the onset and manifestation of CVDs. Thus, a rise in the elderly population underlines the demand for intravascular ultrasound devices (IVUS).
The South and Central America intravascular ultrasound device market based on the application was segmented into virtual histology IVUS, iMap IVUS, and integrated backscatter IVUS. The South and Central America intravascular ultrasound device market, based on product is segmented into equipment and accessories. The accessories segment is further sub-segmented into catheters, guidewires, and others. Geographically, the South and Central America intravascular ultrasound device market is sub-segmented into UAE, Saudi Arabia, South Africa and Rest of MEA.
Koninklijke Philips N.V, GE Healthcare, Siemens AG, Boston Scientific Corporation, Infraredx, Inc., Terumo Corporation, Conavi Medical Inc., Canon Medical Systems, and Abbott are among the leading companies operating in the South and Central America intravascular ultrasound device market.
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