The Europe intravascular ultrasound devices market is expected to reach US$ 299.92 million by 2028 from US$ 183.95 million in 2021; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028.
The growth of the market is attributed to the rising prevalence of coronary disorders and a surge in the geriatric population. However, product recalls restrain the market growth.
Cardiovascular diseases (CVDs), including coronary heart disease, arrhythmias, and other conditions, continue to be the most significant cause of morbidity and mortality worldwide. These diseases mainly affect the heart and blood vessels. An unhealthy diet is one of the most important lifestyle factors that lead to CVDs. The growing prevalence of arrhythmia and other CVDs is encouraging the introduction of improved diagnostic methods. Intravascular Ultrasound Devices (IVUS) are the most effective instruments for detecting coronary artery disease and other related conditions. According to the World Health Organization (WHO), CVDs are the leading cause of death, with 17.9 million deaths caused in the world each year; moreover, 30 million people suffer from stroke every year. According to its factsheets, ~17.7 million people died due to CVDs in 2017, of which ~7.4 million mortalities were due to coronary heart disease and 6.7 million were due to stroke.
Furthermore, the European Society of Cardiology reported that coronary heart disease is a commonly found condition in the region, and the patients suffering from this disease are at a five-times greater risk of getting a stroke. A few of the primary risk factors of CVDs include family history, ethnicity, age, and other risk factors. The other risk factors include tobacco consumption, hypertension, obesity, high cholesterol, physical inactivity, diabetes, unhealthy diets, and alcohol consumption. The majority of CVDs can be prevented through pre-monitoring and pre-diagnosis using intravascular ultrasound devices. Therefore, the growing prevalence of CVDs is propelling the demand for intravascular ultrasound devices in Europe.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 183.95 Million |
| Market Size by 2028 | US$ 299.92 Million |
| CAGR (2021 - 2028) | 7.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Modality
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Intravascular Ultrasound (IVUS) Devices Market is valued at US$ 183.95 Million in 2021, it is projected to reach US$ 299.92 Million by 2028.
As per our report Europe Intravascular Ultrasound (IVUS) Devices Market, the market size is valued at US$ 183.95 Million in 2021, projecting it to reach US$ 299.92 Million by 2028. This translates to a CAGR of approximately 7.2% during the forecast period.
The Europe Intravascular Ultrasound (IVUS) Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Intravascular Ultrasound (IVUS) Devices Market report:
The Europe Intravascular Ultrasound (IVUS) Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Intravascular Ultrasound (IVUS) Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Intravascular Ultrasound (IVUS) Devices Market value chain can benefit from the information contained in a comprehensive market report.
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