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Intracardiac Echocardiography Market

Intracardiac Echocardiography Market By Product Type (Phased-array ultrasound Transducer tipped Catheter, Mechanical ultrasound transducer-tipped Catheter), Application (Electrophysiology, Left atrial Appendage Closure, Closure of Paravalvular leaks, Transcatheter aortic valve implantation), Age Type (Adult, Pediatric, Neonatal) & Region - Forecast 2022-2032

Market Insights on Intracardiac Echocardiography covering sales outlook, demand forecast & up-to-date key trends

Intracardiac Echocardiography Market Overview

The intracardiac echocardiography market is projected to register a CAGR of 5.8% during the forecast period, up from US$ 624.36 Mn in 2021 to reach a valuation of US$ 1160.85 Mn by 2032.

Attributes

Details

Intracardiac Echocardiography Market CAGR

5.8%

Intracardiac Echocardiography Market Value 2032

US$ 1160.85 Mn

Sales of intracardiac echocardiography systems are expected to rise as it is especially beneficial for mapping components that are not visible with fluoroscopies. In addition to this, demand for intracardiac echocardiography system is rising as ICE is being favoured over other diagnostic approaches and the rising frequency of arrhythmia in the global population.

The increasing prevalence of cardiovascular diseases across the globe is also projected to contribute to the growth of the intracardiac echocardiography market share.

Some of the key intracardiac echocardiography market trends promoting the demand for intracardiac echocardiography system include the integration of intracardiac echocardiography with IVUS system, the increasing capabilities of Intracardiac echocardiography from 2-D echo to 3-D and 4-D echo imaging capabilities. This is anticipated to boost the growth of intracardiac echocardiography market share.

One of the primary restraints of the intracardiac echocardiography market is the additional catheter cost, which can be negated by improvising turnaround times and reducing personnel costs.

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What are the Key Drivers to the intracardiac echocardiography Market Share?

The rising prevalence of cardiac diseases, the growing geriatric population, and technological improvements in interventional cardiology devices are all driving the intracardiac echocardiography market forward.

The sales of intracardiac echocardiography systems are rising as it is one of the most popular imaging technologies being used to guide percutaneous interventional procedures. The demand for intracardiac echocardiography systems is anticipated to rise as they are being widely used for the treatment of interatrial septal abnormalities and also aid in electrophysiological procedures.

The demand for intracardiac echocardiography system is anticipated to rise as they are being used for finding intracardiac structures, which is thus used in other procedures like myocardial biopsy and paravalvular leak closure.

This rising demand for intracardiac echocardiography system is further anticipated to heighten the sales of intracardiac echocardiography systems. The major driver of the intracardiac echocardiography market is the treatment of atrial septal defects that eliminates the need for general anaesthesia.

ther factors augmenting the sales of intracardiac echocardiography systems is the production of images that are clear and crisp, with shorter procedure time, reduced hospital stays, and radiation doses.

Additionally, the accuracy and efficiency of intracardiac echocardiography are one of the primary factors in the growth of the intracardiac echocardiography market.

The portability and compactness of the intracardiac echocardiography are anticipated to drive the sales of intracardiac echocardiography system and aid the market growth. An increase in the number of minimally invasive cardiac procedures and a high adoption rate of intracardiac echocardiography are also factors that are anticipated to boost the demand for intracardiac echocardiography system and overall market growth.

However, lack of awareness regarding the intracardiac echocardiography imaging devices and inadequate reimbursement may hamper the growth of the intracardiac echocardiography market during the forecast period.

Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Which is the Leading Region in the intracardiac echocardiography Market?

The global intracardiac echocardiography market is divided into five primary regions based on regional presence: North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa. Due to new product improvements and increased awareness of the product through medical conferences, North America is expected to lead the intracardiac echocardiography market.

Furthermore, due to high-end financing and support for innovative and development activities,

Europe is predicted to be the second-largest market for intracardiac echocardiography, with an emphasis on having high consolidation and a significant research base. This factor is anticipated to increase the sales of intracardiac echocardiography system in the region.

Due to changes in lifestyle, increased population growth increased healthcare spending, and enormous growth in research and development, both the East and South Asian markets as well as the demand for intracardiac echocardiography system is likely to rise at a faster rate.

These reasons are expected to propel the global intracardiac echocardiography market forward over the forecast period.

Who are the Key Players in the Intracardiac Echocardiography Market?

Sales of intracardiac echocardiography system is also anticipated to rise as several intracardiac echocardiography manufacturers have products in the pipeline and are investing in product innovation, this will help the intracardiac echocardiography market share grow even faster.

Abbott oston Scientific Corporation, Koninklijke Philips N.V., InfraredxTM, Inc. Kaixin, and others are some of the key players in the global Intracardiac Echocardiography market.

Recent Developments

  • Siemens Healthineers, based in Germany, gained CE Mark approval for the AcuNav Volume ICE (Intracardiac Echocardiography) catheter in June 2021. During Structural Heart and Electrophysiology procedures, it is a therapy-enabling imaging aid that delivers real-time, wide-angle view of heart architecture.
  • Siemens Medical Solutions USA, Inc. submitted a section 510 (k) premarket notification for a change to its device "ACUSON AcuNav Volume Intracardiac Echocardiography Catheter" in December 2020, which was authorized by the US Food and Drug Administration in January 2021.
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Scope Of Report

Report Attribute

Details

Growth rate

CAGR of 5.8% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 2032

Quantitative units

Revenue in USD billion, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Product type, application, age, end user, region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Abbott oston Scientific Corporation, Koninklijke Philips N.V., InfraredxTM, Inc. Kaixin.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The intracardiac echocardiography market is likely to register a CAGR of 5.8% during the forecast period.

Key players holding substantial intracardiac echocardiography market share include Abbott oston Scientific Corporation, Koninklijke Philips N.V., InfraredxTM, Inc. Kaixin,

As per the analysis, the intracardiac echocardiography market share is likely to be US$ US$ 1160.85 Mn by 2032.

Demand for intracardiac echocardiography system is likely to rise due to number of minimally invasive cardiac operations is increasing, and intracardiac echocardiography is becoming more widely used.

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Intracardiac Echocardiography Market