Vascular Screening Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Vascular Screening Devices Market is segmented by Product Type (Portable and Standalone), End User, and Geography.

Market Snapshot

Vascular Screening Market Overview
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.5 %
Vascular Screening Market Major Players

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Market Overview

  • The vascular screening devices market is expected to register a CAGR of 5.9% during the forecast period. The growing burden of vascular diseases and the rising geriatric population may be the key factors in the vascular screening devices market. Peripheral artery disease is a condition wherein the peripheral vessels are built up with fat and cholesterol deposits. According to the Current Atherosclerosis Reports, in 2018, peripheral artery disease had been affecting almost 200 million people globally. Moreover, peripheral artery disease is more prevalent in the older population. According to a similar source, the incidence of peripheral artery disease has been observed to increase by approximately 20% in the population aged 70 and over. 
  • Moreover, the rising awareness about the non-invasive techniques for diagnostic purposes is expected to drive the market studied. Ankle, Branchial Index (ABI), toe-branchial index, and photoplethysmogram are some of the non-invasive techniques used for the diagnosis of vascular diseases. 
  • According to the study, in 2018, published in Annals of Vascular Surgery, these tests had been observed to be less painful for patients and consumed less time. Hence, such factors are expected to propel the vascular screening devices market's growth.

Scope of the Report

Vascular screening devices are used to perform vascular screening test, which detects blockages or plaque buildup in the blood vessels. The vascular screening devices market is segmented by product type, end user, and geography.

By Product Type
Portable
Standalone
By End User
Hospitals
Diagnostic Centres/Clinics
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Portable Segment is Expected to Hold a Major Market Share in the Vascular Screening Devices Market

Portable vascular screening tests are hand-held devices, which are in the screening tests, which have been becoming popular due to the rising burden of cardiovascular disease and other vascular conditions. According to the World Health Organization, in 2017, approximately 17.9 million people died due to cardiovascular diseases, and it had been the leading cause of death globally. For several cardiovascular diseases, vascular screening tests become very important for further analysis and treatment.

Furthermore, according to the assessment study of the International Journal of Cardiology, 2019, it had been observed that the handheld device accurately measured the maximum plaque height and total plaque area in the carotid artery. Hence, early diagnosis and treatment are of utmost importance, which is expected to impact positively on the vascular screening test market.

Vascular Screening Market Key Trends

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America expected to hold a major market share in the global vascular screening devices market, due to increased vascular diseases, such as coronary artery disease, renal artery diseases, and carotid artery aneurysm, among others. Coronary artery disease is the most affected heart disease. According to the Center for Disease Control and Prevention, in 2017, around 365,914 people died due to coronary artery disease in the United States. Furthermore, in 2019, around 18.2 million population aged 20 and above had coronary artery disease. Hence, the aforementioned factors are expected to boost up the demand for vascular screening devices in North America.

Vascular Screening Market Growth Rate

Competitive Landscape

In the current scenario, few of the companies that are dominating the vascular screening devices market are Fukuda, Unetixs Vascular Inc., Collaborative Care Diagnostics LLC (Biomedix), CorVascular Diagnostics LLC, Koven Technology Inc., D.E. Hokanson Inc., enverdis GmbH, OMRON HEALTHCARE Co. Ltd, Viasonix, and Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Vascular Diseases

      2. 4.2.2 Increasing Aging Population

    3. 4.3 Market Restraints

      1. 4.3.1 Reimbursement Issues

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Portable

      2. 5.1.2 Standalone

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Diagnostic Centres/Clinics

      3. 5.2.3 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Collaborative Care Diagnostics LLC (Biomedix)

      2. 6.1.2 CorVascular Diagnostics, LLC

      3. 6.1.3 D.E. Hokanson Inc.

      4. 6.1.4 enverdis GmbH

      5. 6.1.5 Fukuda

      6. 6.1.6 Koven Technology Inc.

      7. 6.1.7 OMRON HEALTHCARE Co. Ltd

      8. 6.1.8 Shenzhen Mindray Bio-Medical Electronics Co. Ltd

      9. 6.1.9 Unetixs Vascular Inc.

      10. 6.1.10 Viasonix

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Vascular Screening Devices Market market is studied from 2018 - 2026.

The Vascular Screening Devices Market is growing at a CAGR of 5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Fukuda, Omron Healthcare , Koven Technology, Inc., enverdis GmbH , Shenzhen Mindray Bio-Medical Electronics Co., Ltd are the major companies operating in Vascular Screening Devices Market.

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