The global intravascular ultrasound market to grow at a CAGR of 6.56% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global intravascular ultrasound market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top three vendors operating in the market.
One of latest trends in the market is wireless technology will propel market growth. Intravascular ultrasound devices incorporate wireless features such as Bluetooth and nearfield communication to deliver sophisticated connectivity between the individual and the physician. These advances can help individuals to remotely send the results of scans to the patients from the clinic to reduce the turn-around-time. Many researchers are engaged in developing next-generation portable ultrasound devices that can be integrated with smartphones.
The MobiUS SP1 System, launched by MobiSante not only provides imaging at point-of-care (POC) via smartphones but is affordable and user-friendly. Unfortunately, there are no such devices for intravascular ultrasound in the market, but are expected to enter the market during the forecast period.
According to the report, one of the primary drivers in the market is advances in semiconductor technology develop efficient power saving intravascular ultrasound device. Semiconductor manufacturers are making efforts to develop efficient, innovative designs that consume less power. New semiconductor technology will develop the next generation medical devices.
High power consumption is a major concern for many major hospitals as they require huge number of medical devices that need power 24/7. To meet the needs of the healthcare providers, many vendors are collaborating with semiconductor companies and focusing on developing such devices that are efficient, easy to handle and require less power.
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?