Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market

The Middle East and Africa intravascular ultrasound devices (IVUS) market is expected to reach US$ 44.42 million by 2028 from an estimated value of US$ 28.05 million in 2021; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028. 

The growth of the market is attributed to an increase in the geriatric population, and a surge in regulatory approvals and launches of intravascular ultrasound devices. However, recalls of IVUS products restrict the market growth.

The intravascular ultrasound devices market is characterized by the presence of big and small companies. To increase their market share, market players are taking up various strategies, such as new product launches, regional expansion, and technological advancements. Safer and more effective intravascular ultrasound devices are being launched with continued innovation and technological advances, leading to increased acceptance of these devices. Leading players are investing in R&D to develop advanced technologies and gain more revenue share. For Instance, in September 2021, Siemens introduced Luminos Impulse, a fluoroscopy system with a novel design and characteristics shared by high-end fluoroscopy systems, including a smooth imaging chain, exhaustive dose enhancement, cybersecurity characteristics, and detector-sharing possibilities radiography. Similarly, in May 2021, Siemens introduced Somatom X.ceed, a novel high-resolution, high-speed computed tomography (CT) scanner engineered particularly for the most demanding clinical areas, wherein time and accuracy are of significance. The active participation of market players in product innovation and development, and a rise in product approvals are likely to fuel the growth of Middle East and Africa the intravascular ultrasound devices market.

Various developing economies in the world, including Saudi Arabia and South Africa, are modernizing healthcare facilities and services. As a result, the life expectancy of people in these countries has increased, leading to the growth in their geriatric population base. 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).

Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market Revenue and Forecast to 2028 (US$ Mn)

MIDDLE EAST AND AFRICA INTRAVASCULAR ULTRASOUND (IVUS) DEVICES MARKET SEGMENTATION

By Modality

• Virtual Histology IVUS
• iMap IVUS
• Integrated Backscatter IVUS

By Product

• Equipment
• Accessories
  • Catheters
  • Guidewires
  • Others

By End User

• Hospitals and Clinics
• Diagnostic Centers
• Others

By Country

• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East and Africa

Company Profiles

• Koninklijke Philips N.V
• GE Healthcare
• Siemens AG
• Boston Scientific Corporation
• Infraredx, Inc.
• Terumo Corporation
• Conavi Medical Inc.
• Canon Medical Systems
• Abbott

Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market Strategic Insights

Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market Segmentation Analysis

Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market Report Highlights

Middle East and Africa Intravascular Ultrasound (IVUS) Devices Report Scope

Middle East and Africa Intravascular Ultrasound (IVUS) Devices Market Country and Regional Insights