Vascular Imaging Market Development | Industry Report 2022

According to research report the vascular imaging market
is expected to reach USD 5.95 billion by 2022 from USD 4.35 billion in
2017, at a CAGR of 6.5%. The report covers imaging procedures used to
assess blood flow for the effective diagnosis and treatment of various
cardiovascular diseases (CVDs).

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The
vascular imaging market is consolidated in nature due to the presence
of large players. The key players in this market are Siemens
Healthineers (Germany), GE Healthcare (U.K.), Toshiba Medical Systems
Corporation (Japan), Hitachi Medical Corporation (Japan), Samsung
Medison (South Korea), Shimadzu Corp. (Japan), St. Jude Medical, Inc.
(U.S.), TERUMO Corporation (Japan), Koninklijke Philips N.V.
(Netherlands), Fujifilm SonoSite (Japan), Hologic, Inc. (U.S.), Esaote
SpA (Italy), Carestream Health, Inc. (U.S.), Konica Minolta (Japan),
Alpinion Medical Systems (South Korea), Pie Medical Imaging
(Netherlands), CorVascular Diagnostics LLC (U.S.), Evena Medical, Inc.
(U.S.), LumedX Healthcare Technologies (U.S.), Xograph Healthcare
(U.K.), Mindray Medical International Ltd. (China), Novadaq Technologies
Inc. (Canada), Omega Medical Imaging LLC. (U.S.), BK Ultrasound (U.S.),
and Piur imaging GmbH (Austria).

• Based on technique, the market
is segmented into MRI, CT, ultrasound, nuclear imaging, and X-ray. The
MRI segment is expected to dominate the global vascular imaging market
throughout the forecast period. The increasing incidence of CVDs and the
launch of advanced MRI systems are the key factors driving the growth
of this segment.
• Based on applications, the market has been
segmented into diagnostic and therapeutic applications. The therapeutic
applications segment is expected to register the highest growth during
the forecast period primarily due to the growing use of imaging
techniques in surgeries & treatments.
• Based on end user, the
market is segmented into hospitals, diagnostic imaging centers, and
other end users. Currently, hospitals are the largest end users of
vascular imaging systems. This end-user segment is also expected to
register the highest growth during the forecast period. The increasing
prevalence of CVDs (resulting in the increased demand for non-invasive
techniques), technological advancements, and rising demand for advanced
systems in operating rooms (especially in developed countries across
North America and Europe) are the major factors driving the growth of
this end-user segment.

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Major
industry players launched innovative products in the recent past and
have plans to launch new products and expand across geographies by
partnerships and acquisitions. GE Healthcare, Siemens Healthineers, and
Toshiba Medical Systems Corporation are identified as the top players in
this market. These companies have a broad product portfolio with
comprehensive features. Further, these leaders have products for all end
users in this segment, have a strong geographical presence, and more
importantly focus on continuous product innovations.