Intravascular Ultrasound, one of the
fastest growing segments of interventional cardiology, is a diagnostic tool
that is used to determine the structure of an artery segment. It uses a small
ultrasound transducer, located at the end of a catheter that can be advanced
into a coronary artery. By utilizing IVUS in the cardiac catheterization
laboratory, physicians are able to determine the structure of artery. IVUS is
commonly done to make sure a stent is correctly placed during angioplasty.
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The present report offers a
comprehensive analysis of the worldwide IVUS market with focus on regional
markets like Japan, the United States and Europe. The largest IVUS market is
Japan where reimbursement criteria is flexible and also has high PCI procedures
which plays an important role in IVUS market. The second largest market is the
United States followed by Europe. Major IVUS companies are increasingly setting
their sights on emerging Asian markets due to increasing healthcare awareness
among people and rising consumer income.
The competition in the global IVUS
market is intense with few large players viz. Volcano Corporation, Boston
Scientific Corporation and Terumo Corporation. The competitive landscape of the
global and regional IVUS markets, along with the company profiles of the
leading players are discussed in detail.
The developments observed within the
industry include launch of spectra spinal cord stimulator system, introduction
of Rubicon support catheter and emergence of PTCA Balloon Dilatation Catheter.
However, the industry remains threatened by certain challenges which include
lack of reimbursement, possible threat from OCT procedures and stringent regulations.
The major factors which will contribute in the growth of the industry include
rising ageing population, low penetration into PCI procedures, increasing PCI
and stent procedures, rising healthcare expenditure and rising global GNI.
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