The global vascular imaging market is expected to reach USD 5.95 billion by 2022, at a CAGR of 6.5 percent from 2017 to 2022.The major factors driving this market are the rising incidence and prevalence of CVDs, growing aging population, and technological innovations in vascular imaging systems. On the other hand, the growth of this market is restrained to some extent due to the accessibility of conventional low-cost alternates to treat CVDs.
“Magnetic Resonance Imaging to register the highest CAGR during the forecast period”
On the basis of technique, the market is segmented into MRI, CT, ultrasound, nuclear imaging, and X-ray. The MRI segment is expected to register the highest growth during the forecast period. This is attributed to the increasing incidence of CVDs and the launch of advanced MRI systems.
“Hospitals to dominate the vascular imaging market during the forecast period”
Based on end user, the market has been segmented into hospitals, diagnostic imaging centers, and other end users. Hospitals are the largest end users of vascular imaging systems. It is also is estimated to register the highest growth. This can be attributed to technological development, increasing healthcare expenditure, and increasing use of imaging systems in hospitals and hybrid ORs, particularly in developed countries across North America and Europe.
“Asia is estimated to be the fastest growing regional segment in the global vascular imaging market during the forecast period”
Geographically, the market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). The Asian market is estimated to register the highest growth, which can be attributed to the increasing expenditure in healthcare, growing penetration of health insurance, and rise in disposable incomes especially in countries like China, Japan, and India. – Reports and Reports