The North America Vascular Imaging market is expected to grow at a 5.97% CAGR from 2016 to 2021 and it is projected that the North-America market was valued at USD 1.65 billion in 2016 and is anticipated to reach USD 2.21 billion by 2021.
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Vascular Imaging Market Vascular imaging is a key element of a comprehensive stroke diagnosis and cause-based therapy. The test of vascular imaging detects in assessing the blood circulation through the veins and vesicles which helps the surgeons in performing the surgeries. Various imaging techniques, such as X-ray, Magnetic Resonance Imaging (MRI), Computerized Tomography (CT) scans, ultrasound, and fluoroscopy (moving X-ray images using contrast dye), are used to observe and record the state of blood vessels and other organs so that diagnosis and intervention can be achieved.
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The demand for vascular imaging systems is expected to witness highest growth rate over the forecast period due to growth in the number of patients suffering from cardiovascular diseases (CVD). Increasing number of cardiovascular diseases is expected to drive the demand for vascular imaging systems required for the diagnosis of the CVDs. Introduction of new vascular imaging systems and increasing adoption of minimally invasive surgeries is expected to increase the demand for vascular imaging systems over the coming years. Moreover, technological advancements in imaging systems like the introduction of 3D imaging over 2D imaging is expected to boost the adoption rate of vascular imaging systems. Angiography is widely performed in old people, increase in the North-America geriatric population is also expected to raise the demand for vascular imaging systems. However, the high price of the systems and lack of expertise to handle imaging equipment and pricing pressure on the manufacturers due to fierce competition among market participants may have negative impact on the growth of the market. Moreover, because of a large number of hospital network operating under one organization, these networks can influence the price of the medical devices with the manufacturers of vascular imaging systems and in turn reduce their profitability margins.
The North-America market for Vascular Imaging market is segmented into Procedure, Technology, Application and End User. On the basis of procedure, it is segmented into Coronary Angiography, Peripheral, Cerebral and Angiography. Coronary angiography segment is anticipated to account for the largest share of the market. On the basis of Technology, it is segmented into CT, MRI, X-Ray, Ultrasound, and Nuclear Imaging. The MRI segment is expected to dominate this market segment. On the basis of Application, it is segmented into Diagnostic and Therapeutic. On the basis of End User, it is segmented into Hospital and Clinical Laboratory. Hospitals are the largest end users of vascular imaging systems.
On the basis of geography, the market is analyzed under various regions namely U.S. and Canada. North America is expected to hold the major share of the market. High capital investment among end users like multi – specialty hospitals in the U.S. is expected to boost demand for vascular imaging systems in the North America region. High capital investment among end users like multi – specialty hospitals in the U.S. is expected to boost demand for vascular imaging systems in the North America region. Increase in the number of interventional surgeries and growing number of cardio – vascular diseases in the U.S and Canada is expected to aid the growth of the market
Some of the major companies dominating the market are Hologic, Inc. (U.S.), Carestream Health, Inc. (U.S.), CorVascular Diagnostics LLC (U.S.), Evena Medical, Inc. (U.S.), LumedX Healthcare Technologies (U.S.), Novadaq Technologies Inc. (Canada), Omega Medical Imaging LLC. (U.S.), and BK Ultrasound (U.S.).
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