The Global Vascular Imaging Market is estimated to be valued at US$ 9.85 Bn in 2030

A newly published report by Coherent Market Insights reveals a sustainable growth opportunity in the global vascular imaging market. Coherent Market Insights’ analyst projected the global vascular imaging market to be valued at US$ 9.85 Bn in 2030. It is expected to exhibit a CAGR of 6.5 % over the forecast period 2023 -2030.

Advancements in imaging modalities such as CT, MRI, ultrasound, nuclear imaging and X-ray drives market growth. These advanced imaging techniques provide high resolution images which help in better diagnosis and treatment monitoring.

Furthermore, rising geriatric population suffering from vascular diseases such as atherosclerosis, aneurysms etc. has increased the demand for vascular imaging globally. Growing adoption of minimally invasive procedures also require vascular imaging for guidance during the procedures.

Key market trends include: CT Angiography technology trend: CT angiography has emerged as one of the most popular technologies for vascular imaging due to its non-invasive nature. It provides high-quality three-dimensional images of blood vessels. New developments in CT angiography systems such as wide-area detector CT allow faster scanning and improved resolution.

MRI system segment accounted for the largest share of the global vascular imaging market in 2023. MRI provides high resolution vascular images without involving ionizing radiation. It is widely being used for head and neck vasculature imaging. Advancements in MRI technologies like time-of-flight MR angiography is further supporting the adoption of MRI systems for vascular imaging.

Ultrasound system segment is expected to witness fastest growth over the forecast period owing to its non-invasive nature and real time imaging capability. Growing diagnostic volumes for conditions like deep vein thrombosis and varicose veins is driving the demand for ultrasound systems in vascular labs and physician offices. Portable ultrasound systems are gaining popularity for point-of-care vascular imaging in ambulatory settings.

Key Market Takeaways: The global vascular imaging market is anticipated to witness a CAGR of 6.5% during the forecast period 2023-2030. This is owing to growing geriatric population and rising prevalence of cardiovascular diseases.

On the basis of product type, MRI system segment is expected to hold a dominant position. This is owing to its high-resolution capabilities without involving radiation.

On the basis of indication, aneurysm segment captured major share. This is due to increasing demand for timely diagnosis to prevent fatalities.

By end user, hospital & clinics segment held largest share. This is due to bulk of vascular procedures being performed in hospitals.

North America is expected to hold a dominant position over the forecast period. This is due to favourable reimbursement scenarios and rising healthcare expenditure in the US.

Competitor Insights: Key players operating in the global vascular imaging market include Royal Philips, GE Healthcare, Siemens Healthineers, Canon Medical Systems, Hitachi Medical and Samsung Medison.

Recent Developments: On December 1, 2023, GE Healthcare, a firm that provides diagnostics, therapies, and monitoring via intelligent devices, unveiled an artificial intelligence (AI)-enabled MRI system at the Radiological Society of America Scientific Sessions and Annual Meeting, RSNA 2023. More information in full report