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(MoneyNewsWire.Net, December 06, 2017 ) The Asia Pacific Vascular Imaging market is anticipated to grow at a 7.92% CAGR from 2016 to 2021 and it is estimated that the Asia-Pacific market was valued at USD 0.70 billion in 2016 and is expected to reach USD 1.02 billion by 2021.
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Vascular imaging tests are used to assess how the blood flows through the veins and vesicles for the diagnosis of the disease. With the use of vascular imaging tests, surgeons can gather information required for performing surgical procedures. Vascular imaging trials are performed by using techniques like ultrasound, CT (computed tomography), magnetic resonance imaging (MRI) and others which provide detailed images of how the blood flows through the body and aids surgeons to examine blockages in the veins, weakening of the arterial walls, detect blood clots, evaluate the graft surgeries, analyzing the severity of varicose veins, plaque buildup that causes narrowing of the arteries. Vascular imaging techniques are extensively used for performing procedures like angiography with ease.
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The demand for vascular imaging systems is projected to witness high growth over the forecast period owing to growing number of patients suffering from cardiovascular diseases (CVD). Rise in the number of cardiovascular diseases is anticipated to propel the demand for vascular imaging systems required for the diagnosis of the CVDs. Introduction of new vascular imaging systems and an increase in the adoption of minimally invasive surgeries is anticipated to boost 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 projected to boost the adoption rate of vascular imaging systems. Angiography is frequently performed in old people, increasing Asia-Pacific 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 hamper the growth of the vascular imaging systems market. Moreover, because of a large number of hospital network operating under one organization, these networks can leverage the price of the medical devices with the manufacturers of vascular imaging systems and in turn reduce their profitability margins.
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.
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On the basis of geography, the market is analyzed under various regions namely India, China, Japan, South Korea and Australia. Asia – Pacific excluding Japan market is expected to witness high revenue growth over the forecast period owing to growing geriatric population and increasing awareness about the new technologies in the vascular imaging systems. Growing number of hospitals in countries like China and India are expected to provide high growth opportunities for the manufacturers.
The key players in the vascular imaging market are Toshiba Medical Systems Corporation (Japan), Hitachi Medical Corporation (Japan), Samsung Medison (South Korea), Shimadzu Corp. (Japan), TERUMO Corporation (Japan), Fujifilm SonoSite (Japan), Konica Minolta (Japan), Alpinion Medical Systems (South Korea) and Mindray Medical International Ltd. (China).
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