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Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market ...

Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market Forecast to 2034

The intravascular ultrasound (IVUS) and optical coherence tomography (OCT) market is expanding due to growing cardiovascular diseases as well as increasing advancements in imaging systems. North America led the market due to the presence of advanced healthcare.

Category: Medical Devices Insight Code: 5894 Format: PDF / PPT / Excel

Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market Size and Top Key Players

The worldwide intravascular ultrasound (IVUS) and optical coherence tomography (OCT) market is experiencing significant expansion, with projections indicating a revenue increase reaching several hundred million dollars by the end of the forecast period, spanning 2025 to 2034. This growth is driven by emerging trends and strong demand across key sectors.

The demand for IVUS and OCT is increasing for effective plaque detection, stent placement, and to reduce the risk of complications associated with cardiovascular diseases. Advancements to enhance its applications are also being conducted with the use of AI. Moreover, the growing collaborations among the companies are enhancing such developments and launches. This, in turn, is increasing their use in different regions, due to the advanced healthcare sector, increasing CAD burden, and growing cardiovascular diseases. Thus, all these developments are promoting the market growth.

Key Takeaways

  • North America held approximately a 48% share in the global intravascular ultrasound (IVUS) and optical coherence tomography (OCT) market in 2024.
  • Asia Pacific is expected to be the fastest-growing during the forecast period.
  • By technology type, the IVUS segment held an approximate 58% share in the market in 2024.
  • By technology type, the OCT segment is expected to be the fastest growing at a notable CAGR of > 8% during the forecast period.
  • By product type, the imaging catheters segment dominated the market in 2024.
  • By product type, the imaging consoles/systems segment is expected to be the fastest growing during the forecast period.
  • By application type, the coronary artery disease (CAD) segment held an approximate 72% share in the market in 2024.
  • By application type, the structural heart imaging segment is expected to be the fastest growing during the forecast period.
  • By end user, the hospitals & cath labs segment dominated the global intravascular ultrasound (IVUS) and optical coherence tomography (OCT) market in 2024.
  • By end user, the ambulatory surgical centers segment is expected to be the fastest growing during the forecast period.

What is the Intravascular Ultrasound (IVUS) & Optical Coherence Tomography (OCT) Market?

The Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) market involves catheter-based, real-time intravascular imaging technologies used during coronary and peripheral interventions to assess plaque morphology, vessel size, stent apposition, and residual thrombus. IVUS utilizes sound waves for deep tissue visualization, while OCT provides high-resolution cross-sectional imaging using infrared light.

Hence, the entire vessel wall can be assessed by IVUS, and endoluminal structures are assessed by OCT. These modalities are critical in precision PCI (percutaneous coronary intervention), offering superior guidance over traditional angiography alone.

  • In June 2025, to establish more than 20 new imaging centres in Eastern India, a collaboration between Suraksha Diagnostics and United Imaging was announced, with an Rs. 200 crore investment by Suraksha Diagnostics. Advanced imaging solutions will be provided to the healthcare sectors in the Tier 2 and Tier 3 cities of Eastern India.
  • In June 2025, imaging storage as a service solution was launched by the collaboration between TierPoint and Pure Storage. The challenges for medical imaging data, as well as security risks, storage costs, and performance constraints, are addressed and managed by this system.

What is the use of AI in the Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market?

The use of AI in IVUS and OCT is increasing. The automatic segmentation of IVUS images can be enhanced with the use of AI and machine learning (ML). At the same time, deep learning (DL) models for IVUS imaging of calcified and attenuated plaques and coronary plaque vulnerability features are also being developed. Additionally, to overcome the challenges in automatic segmentation, the ML and DL models for OCT imaging with accurate automatic segmentation are also being developed. Thus, the applications of IVUS and OCT can be enhanced using AI.

Market Dynamics

Driver

Increasing Cardiovascular Diseases

The incidence of cardiovascular diseases is increasing, which is increasing the demand for intravascular ultrasound (IVUS) and optical coherence tomography (OCT) solutions. Thus, the IVUS and OCT can help in identifying the structure of the blood vessels, which in turn can detect the plaque present. Moreover, it also provides detailed images, enhancing the operational procedures and the patient outcomes. Furthermore, it also helps in optimizing the placement and sizing of the stent, avoiding the risk of complications. Thus, this drives the intravascular ultrasound (IVUS) and optical coherence tomography (OCT) market growth.

Estimated No. of People with Heart Diseases

The graph represents a comparison between the estimated number of people living with heart diseases in the years 2030 and 2040. It indicates that there will be a rise in heart diseases. Hence, it increases the demand for IVUS and OCT systems for their effective management. Thus, this, in turn, will ultimately promote the market growth.

Restraint

High Cost

The IVUS and OCT systems are expensive, due to which most hospitals and clinics are unable to afford them. Moreover, the catheter used is also costly and is used only once. Additionally, the lack of proper reimbursement polices also contributes to the same. Thus, all these factors may limit the use of IVUS and OCT systems.

Opportunity

Why are Advancements in Imaging Systems an Opportunity in the Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market?

As the use of imaging systems is increasing, various advancements to improve their application are also increasing. To enhance the image quality, the use of 3D reconstruction and advanced image resolutions is increasing, as it provides accurate plaque measurement and stent placement. Similarly, to improve the imaging of small and complex blood vessels, new small catheters are also being developed. Moreover, for decision-making, consultation, and data sharing, advanced technologies are also being used. Thus, this promotes the intravascular ultrasound (IVUS) and optical coherence tomography (OCT) market growth.

For instance,

  • In July 2025, QTviewer™, version 2.8, was launched by QT Imaging Holdings, Inc. With this launch, the repeatable monitoring and safety will be enhanced as it stores and displays the QTscan™ images obtained from the QTI Breast Acoustic CT™ scanner. (Source - Businesswire)

Segmental Insights

Which Technology Type Segment Held the Dominating Share of the Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market in 2024?

By technology type, the IVUS segment held a dominating share of approximately 58% in the market in 2024. To detect the presence of plaque, the IVUS was widely used. It also provided deeper layer imaging, as well as reimbursement, which increased its use. Thus, this contributed to the market growth.

By technology type, the OCT segment is expected to show the fastest growth rate at a notable CAGR of > 8% during the predicted time. Its use is increasing as it provides detailed imaging of the plaques. The enhanced image resolution also contributes to the same. Moreover, it is also being used for different research purposes.

How Imaging Catheters Segment Dominated the Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market in 2024?

By product type, the imaging catheters segment led the market in 2024. Imaging catheters were crucial for imaging the blood vessels. Moreover, they were used only once, which increased their demand. They were also used to optimize the stent positioning, as well as for detecting the plaque.

By product type, the imaging consoles/systems segment is expected to show the fastest growth rate during the upcoming years. The imaging consoles/systems are being integrated with IVUS and OCT systems to enhance their performance. At the same time, growing advancements and investments are also contributing to the same.

Why Did the Coronary Artery Disease (CAD) Segment Dominate in the Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market in 2024?

By application type, the coronary artery disease (CAD) segment held the largest share of approximately 72% in the market in 2024. The increased cases of CAD have increased the use of IVUS and OCT systems. They were used to reduce the risk of complications associated with CAD. Thus, this enhanced the market growth.

By application type, the structural heart imaging segment is expected to show the highest growth during the upcoming years. The use of structural heart imaging is increasing to provide high-resolution imaging. Additionally, due to its minimally invasive procedure, its acceptance rate is increasing. Technological advancements are also contributing to the same.

What Made Hospitals & Cath Labs the Dominant Segment in the Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market in 2024?

By end user, the hospitals & cath labs segment led the global market in 2024. A large volume of patients increased the use of IVUS and OCT. Moreover, the presence of advanced infrastructure and skilled personnel enhanced its use and patient outcomes. This promoted the market growth.

By end user, the ambulatory surgical centers segment is expected to show the highest growth during the predicted time. The ambulatory surgical centers are providing affordable IVUS and OCT solutions. Moreover, the use of advanced technologies is reducing the operation time. Thus, this is attracting the patients.

Regional Insights

Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market Share, By Region, 2024 (%)

Advanced Healthcare Drives North America

North America dominated the intravascular ultrasound (IVUS) and optical coherence tomography (OCT) market share by 48%  in 2024. North America consists of a well-developed healthcare sector. To deal with the growing cardiovascular diseases, the IVUS and OCT systems were widely used. This promoted the market growth.

The U.S. Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market Trends

The healthcare sector in the U.S. is advanced with the presence of advanced technologies and skilled personnel. Thus, the use of IVUS and OCT systems is increasing to enhance the patient outcomes. Additionally, the presence of favourable reimbursement policies is increasing their adoption and promoting their use.

The Canada Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market Trends

The growing incidence of cardiovascular diseases in Canada is increasing the use as well as the demand for IVUS and OCT. Moreover, they are widely used for percutaneous coronary interventions. At the same time, various developments are also being conducted to improve the imaging technologies.

Growing CAD Burden Boosts Asia Pacific

Asia Pacific is expected to host the fastest-growing intravascular ultrasound (IVUS) and optical coherence tomography (OCT) market during the forecast period. The Asia Pacific is experiencing a rise in coronary artery diseases. This is increasing the demand for IVUS and OCT. Thus, this enhances the market growth.

The China Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market Trends

The incidence of CAD is increasing in China. This, in turn, is increasing the use of IVUS and OCT solutions. At the same time, the healthcare sector is also utilizing advanced technologies to enhance its development. Moreover, the growing investments are also contributing to the same.

The India Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market Trends

The demand for IVUS and OCT in India is increasing to deal with the growing cardiovascular diseases. At the same time, the expanding healthcare sector is utilizing them due to growing investments. Moreover, the growing awareness is also increasing their use. These developments are backed by the government as well.

Europe Driven by Increasing Cardiovascular Diseases

Europe is expected to grow significantly in the intravascular ultrasound (IVUS) and optical coherence tomography (OCT) market during the forecast period. The growing occurrence of cardiovascular diseases in Europe is increasing the use of IVUS and OCT systems. Additionally, growing advancements in imaging technologies are also promoting the market growth.

The Germany Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market Trends

The growing incidences of cardiovascular diseases as well as their growing awareness is increasing the use of IVUS and OCT systems in Germany. Thus, they are used to enhance the stent placement and reduce the risk of complications. Moreover, to promote their use reimbursement policies are also being provided.

The UK Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market Trends

The UK consist of well-developed healthcare sector which utilizes IVUS and OCT systems to deal with the growing cardiovascular disease burden. At the same time, innovations in the imaging systems are also being made, promoting their clinical trials. these are further supported by the investment from various companies.

Which are the Top Companies in the Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market?

IVUS Market OCT Companies

  • Philips
  • Abbott
  • Boston Scientific
  • Terumo Corporation
  • ACIST Medical Systems (a Bracco company)
  • Infraredx (a Nipro company)
  • Conavi Medical
  • Canon Medical Systems
  • GE HealthCare
  • Siemens Healthineers
  • Bay Labs (Caption Health)
  • Kangji Medical (China)
  • Meril Life Sciences (India)
  • Medtronic
  • HeartFlow

Latest Announcements by Industry Leaders

  • In June 2025, the CEO of Clarix Imaging, Xiao Han, stated that, to deliver better outcomes for breast cancer hospital systems, surgeons, and patients, which is their mission, aligns with their collaboration with Purple Crayon Brand. To enhance the Clarix Imaging innovation next chapter, the sales enablement and digital innovation, along with a deep understanding of healthcare and medical tech marketing, of Purple Crayon Brand, make them an ideal partner.
  • In April 2025, after launching Accuva LEAP, a revolutionary imaging system for tomorrow's research, Vice President of Laxco, Inc., Dennis Donley, stated that, with this imaging technology, researchers can be able to stay at the forefront of their work. They expect thistechnology will become an indispensable tool for scientists, as it includes expansive capabilities, intuitive design, and future-proof upgrades.

Recent Developments in the Intravascular Ultrasound (IVUS) and Optical Coherence Tomography (OCT) Market

  • In June 2025, the OCT-Tissue Surveillance Registry was launched by Perimeter Medical Imaging AI, Inc., with the use of the company's imaging technology. The images and data from surgical procedures will be collected and to enhance its investigational next-generation technology, improving the AI deep-learning model.
  • In March 2025, the closing of the Series B financing round was announced, which was launched by Evident Vascular, Inc. To improve vascular imaging, support 510(k) FDA clearance, and patient outcomes, advanced IVUS technology will be developed by the company, using the funding.

Segments Covered in the Report

By Technology

  • IVUS
  • OCT

By Product Type

  • Imaging Catheters
  • Imaging Consoles/Systems
  • Software & AI Analysis Platforms
  • Accessories (Sheaths, Guidewires)

By Application

  • Coronary Artery Disease (CAD)
  • Peripheral Artery Disease (PAD)
  • Structural Heart Imaging (e.g., TAVR Planning)
  • Research & Development (Preclinical and Academic)

By End User

  • Hospitals & Cath Labs
  • Ambulatory Surgical Centers
  • Academic & Research Institutes
  • Specialty Cardiovascular Clinics

By Region 

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Last Updated: 24 July 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and strategy.

Learn more about Shivani Zoting

Aditi Shivarkar, with over 14 years of experience in consumer goods, leads research at Towards Consumer Goods, ensuring precise, actionable insights on trends, consumer preferences, and sustainable packaging for businesses.

Learn more about Aditi Shivarkar

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FAQ's

By 2034, the IVUS and OCT market is expected to reach hundreds of millions in revenue, supported by emerging trends and strong industry demand.

North America is currently leading the intravascular ultrasound (IVUS) and optical coherence tomography (OCT) market due to the presence of advanced healthcare.

The intravascular ultrasound (IVUS) and optical coherence tomography (OCT) market includes 5 segments such as by technology, by product type, by application, by end user, and by region.

Some key players include Philips, Abbott, Boston Scientific, and Terumo Corporation.

Key trends include growth in the development of imaging centres and innovations in imaging solutions.

Intravascular ultrasound (IVUS) and optical coherence tomography (OCT) are catheter-based, real-time intravascular imaging technologies.

British Heart Foundation, Ministry of Health and Family Welfare, Government of India, National Institutes of Health, FDA, WHO, PIB, CDC