The Global Vascular Imaging Market Size was valued at USD 5.8 Billion in 2022 and is anticipated to reach USD 10.1 Billion by 2032 with a CAGR of 5.7% from 2023 to 2032.

Vascular imaging is a Procedure of medical imaging that uses different modalities to see and diagnose vascular disorders such atherosclerosis, aneurysms, and vascular stenosis. Vascular imaging aims to provide precise information on blood vessels, such as size, shape, and function, as well as the presence of any blockages or anomalies. Vascular imaging techniques include computed tomography (CT) angiography, magnetic resonance angiography (MRI), ultrasound, and positron emission tomography (PET) studies.

Vascular imaging is used to diagnose and treat a variety of medical disorders, including peripheral artery disease, carotid artery disease, and abdominal aortic aneurysms. Vascular imaging images can assist physicians in identifying areas of obstruction or narrowing in blood arteries, allowing for procedures such as angioplasty and stenting. Furthermore, vascular imaging can aid in monitoring the efficacy of treatments and detecting potential problems. Vascular imaging is also employed in research to better understand the root causes of vascular disorders and create new treatments.

Vascular Imaging Market Dynamics

The vascular imaging market is being pushed by the rising frequency of vascular disorders such as peripheral artery disease and carotid artery disease, which necessitate early detection and treatment. The increased need for minimally invasive procedures such as angioplasty and stenting has also contributed to market expansion. Furthermore, the growing use of modern imaging technologies such as computed tomography (CT) and magnetic resonance angiography (MRA) has increased the accuracy of vascular imaging and allowed clinicians to diagnose vascular illnesses more efficiently.

The market is also being driven by an increase in demand for non-invasive imaging techniques that lower the risk of problems while improving patient outcomes. Non-invasive imaging techniques such as ultrasound and magnetic resonance imaging (MRI) are widely employed in vascular imaging. Furthermore, new technologies such as photoacoustic imaging and optoacoustic imaging are likely to drive market growth in the future years.

However, the vascular imaging market has hurdles due to the high cost of modern imaging technologies, as well as the necessity for specific training and experience to operate these equipment. Furthermore, the market is fiercely competitive, with multiple established firms vying for market dominance. Regulations and reimbursement rules also influence the market's adoption and utilization of vascular imaging technologies.

The vascular imaging market is predicted to expand rapidly in the next years, driven by rising demand for minimally invasive procedures and non-invasive imaging techniques. Advancements in End-Use, such as artificial intelligence (AI) and machine learning (ML), are likely to drive the market by improving the accuracy and efficiency of vascular imaging.

Global Vascular Imaging Market Segment Analysis

Vascular Imaging Market By Modality

·         CT

·         MRI

·         Ultrasound

·         Nuclear Medicine

·         Others

According to our vascular imaging industry analysis, the ultrasound modality led the vascular imaging market in terms of revenue share. Ultrasound imaging is a non-invasive and frequently utilized vascular imaging technique, which has helped it dominate the market. In 2022, ultrasonic imaging had the highest share, accounting for around 40%. This is owing to the extensive use of ultrasound imaging in hospitals and clinics for diagnostic purposes, as well as its low cost and simplicity of operation. CT and MRI modalities have large market share, but they are more expensive and need specialist training to operate, limiting their use. Nuclear medicine is a niche modality in vascular imaging that is largely employed for specialist purposes like cardiac perfusion imaging.

Vascular Imaging Market By End-Use

·         Hospitals

·         Imaging Centers

·         Others

As per the vascular imaging market forecast, the hospitals end-use segment is expected to dominate the vascular imaging market in terms of revenue share. Hospitals are the primary point of care for patients with vascular diseases, and they are equipped with advanced imaging modalities such as CT, MRI, and ultrasound to diagnose and treat these conditions. As a result, hospitals are the largest users of vascular imaging technologies, and they account for the largest share of the market.

In 2022, the hospital segment accounted for around 55% of the global vascular imaging market, with a revenue share of around $2.37 billion. This is due to the fact that hospitals are the primary providers of vascular imaging services, and they have a large installed base of vascular imaging equipment. The Imaging Centers segment also has a significant share in the market, but it is smaller than the hospital segment due to the limited number of imaging centers worldwide. The Others segment, which includes clinics, research institutions, and other end-users, has a smaller share in the market due to their limited adoption of vascular imaging technologies

Vascular Imaging Market By Procedure

·         Coronary Angiography

·         Peripheral Angiography

·         Neurovascular Angiography

·         Vascular Ultrasound Procedures

·         Micro Angiography

·         Others

Peripheral angiography dominated the vascular imaging market in terms of revenue. Peripheral angiography is a minimally invasive treatment that uses imaging modalities such as CT, MRI, and ultrasound to see blood arteries outside the heart, including those in the arms, legs, and kidneys. In 2022, peripheral angiography accounted for approximately 35% of the worldwide vascular imaging market. This is because peripheral artery disease (PAD) is a common disorder that affects millions of individuals globally, and peripheral angiography is a popular diagnostic and treatment technique for PAD. The coronary angiography segment has a large market share, although it is lower than the peripheral angiography segment due to the low number of patients who require coronary angiography. Other treatments, such as neurovascular angiography, vascular ultrasonography procedures, micro angiography, and others, have lesser market shares due to low adoption and demand.

Vascular Imaging Market By Application

·         Diagnostic Applications

·         Therapeutic Applications

According to our findings, the diagnostic applications segment led the vascular imaging market in terms of revenue share. Vascular imaging diagnostic applications include the use of imaging modalities like CT, MRI, and ultrasound to diagnose and identify vascular disorders such as atherosclerosis, peripheral artery disease, and vascular anomalies.

In 2022, diagnostic applications accounted for over 60% of the worldwide vascular imaging market. This is because diagnostic imaging is an important stage in the diagnosis and treatment of vascular disorders, and it is commonly used in hospitals and clinics to diagnose and monitor patients with vascular conditions. The therapeutic applications category, which includes treatments like angioplasty and stenting, has a sizable market share, but it is less than the diagnostic applications segment due to the low number of patients who require these procedures.

Vascular Imaging Market Regional Analysis

The global vascular imaging market is expanding, with substantial regional differences in terms of size and growth rate. The North American market is the largest and most developed, thanks to the widespread adoption of modern imaging technologies like CT and MRI. The United States is the largest contributor to the North American market, with a huge and aging population that is becoming more vulnerable to vascular disorders.

The European market is the second-largest, with a big number of established competitors and a robust regulatory environment. The European market is being pushed by the introduction of new imaging technologies and the rising desire for minimally invasive procedures. The Asia-Pacific region is predicted to be the fastest-growing market, given to its huge population, rising awareness of vascular disorders, and government initiatives to encourage healthcare infrastructure development. The primary nations driving the Asia-Pacific market's growth are China, Japan, and India.

Latin American and Middle Eastern markets are also quickly expanding, propelled by economic expansion, increased healthcare spending, and improved access to healthcare services. The African market is predicted to be the smallest but fastest-growing, because to rapid urbanization, rising healthcare awareness and government attempts to improve healthcare infrastructure. Overall, the global vascular imaging market is estimated to rise at a CAGR of approximately 6.5% throughout the forecast period, owing to increased adoption of advanced imaging technologies, rising demand for minimally invasive procedures, and expanding healthcare infrastructure in emerging regions.

Vascular Imaging Market Leading Companies

The vascular imaging market players profiled in the report are Abbott Laboratories, Siemens Healthineers, GE Healthcare, Hitachi Medical Corporation, Koninklijke Philips N.V., Shimadzu Corporation, Hologic Inc., Samsung Medison Co., Ltd, and Carestream Health Inc.

Vascular Imaging Market Regions