The vascular imaging systems market is predicted to grow at a rapid rate, ascribed to its prominence in diagnosing diseases relevant to blood flow in veins and arteries. It provides support to surgeons in diagnosing the blockage caused by a blood clot in veins, plaque formation, varicose veins, and weakening of veins and arteries.
Under the product segment, the industry is bifurcated into X-ray, MRI, CT, Ultrasound, Nuclear Imaging, and SPECT. CT captures the largest share of the vascular imaging systems industry. CT procedures generate massive amounts of radiation compared to conventional X-ray imaging procedures.
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On average, 62 million CT procedures are performed annually in the U.S., among these 4 million CT procedures are performed on children. Globally, the rise in the number of CT procedures, and the growing requirement for vascular imaging systems led by a surge in vascular diseases boost the industry.
Under the application segment, the global vascular imaging systems industry is categorized into oncology neurology, cardiology and others. Globally, the largest application area for these systems is cardiology.
Under the end user segment, the industry is categorized into hospitals, diagnostic centers, and specialty clinics. Hospitals capture a significant revenue share of the vascular imaging systems.
The rising prevalence of cardiovascular diseases and cancer, coupled with the increasing geriatric population and growing awareness for imaging techniques, and technological advancements in the systems boost the vascular imaging systems industry.
Companies are focusing on launching innovative vascular imaging systems for a competitive edge over companies and to enhance their product portfolios. It also enables companies to expand geographically and increase their consumer base. New products are more advanced as they are built to facilitate their multiple applications.
The rise in the geriatric population drives the worldwide demand for the vascular imaging systems industry. The rising life expectancy and decrease in birth rate lead to an increase in the elderly population. Elderly people are more prone to heart failure, stroke, valvar heart disease, peripheral artery disease, heart arrhythmia, cardiomyopathy, and congenital heart disease. Besides this, the rising healthcare expenditure proliferates industry growth.
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Vascular ultrasound imaging is based on non-invasive tests and supports physicians in diagnosing and treating medical conditions. It utilizes sound waves to create a picture of the inside of the body. The high-frequency soundwaves travel through the gel applied to the body. The computer utilizes these sound waves to develop an image.
Moreover, ultrasound facilitates capturing of images in real-time, showcasing the structures, and movement of internal organs. These images can also show the blood flow through the vessels.
CT is a fast, non-invasive imaging modality with a high degree of spatial and temporal resolution. These CT scanners facilitate sub-millimeter isotropic 3D datasets in a single breath-hold.
The constant evolution in the CT technology led by cardiovascular imaging application has greatly enhanced its speed, temporal resolution, and scan volume. The manufacturing companies are making huge improvements to cater to the massive requirement of cardiovascular imaging systems. Therefore, the expansion of the healthcare sector and rising prevalence of cardiovascular diseases and cancer with the rise in the elderly population boosts the demand for the vascular imaging systems.SOURCE: P&S Intelligence