Intracardiac Echocardiography Market - Forecast(2025 - 2031)

Report Code: HCR 1545 Report Format: PDF + Excel

Intracardiac Echocardiography Market Overview:

The Intracardiac Echocardiography Market size is estimated to reach $997 Million by 2031, growing at a CAGR of 10.2% during the forecast period 2025-2031. The Intracardiac Echocardiography (ICE) Market is primarily driven by the increasing demand for minimally invasive diagnostic procedures, advancements in imaging technologies, and the growing prevalence of cardiovascular diseases. As the need for precise, real-time imaging during catheter-based procedures rises, ICE provides clinicians with high-resolution, detailed heart images, ensuring better decision-making during complex interventions.

A growing trend in the ICE market is the rise of portable and advanced ultrasound systems. A prime example of this is the collaboration between Mayo Clinic and UltraSight in June 2024, using AI to enhance point-of-care ultrasound (PoCUS) for cardiac care. Their goal is to develop algorithms that will guide users through the process of image acquisition and interpretation, addressing barriers to the broader adoption of PoCUS. Additionally, the use of AI continues to grow in the ICE market, innovative collaborations are emerging to enhance the precision and efficiency of cardiac care. In September 2024, iCardio.ai announced a partnership with Abbott to develop AI applications for the company’s imaging devices used in the treatment of cardiac arrhythmias. iCardio.ai will assist Abbott in automating model creation on the EnSite X cardiac mapping system, utilizing 2D intracardiac echo images captured by Abbott’s ICE catheters. 

Market Snapshot: 

Intracardiac Echocardiography Market

Intracardiac Echocardiography Market - Report Coverage:

The “Intracardiac Echocardiography Market Report - Forecast (2025-2031)” by IndustryARC, covers an in-depth analysis of the following segments in the Intracardiac Echocardiography Market.

Attribute Segment

By Product Type

 

 
  • Intracardiac Echocardiography Systems
  • Intracardiac Echocardiography Catheters
  • Accessories

By Application

 

 

 

  • Electrophysiology         
  • Left Atrial Appendage Closure
  • Transcatheter Aortic Valve Implantation
  • Mitra Clip Implantation and Mitral Valvuloplasty
  • Others

By End-User

 
  • Hospitals
  • Cardiology Clinics
  • Diagnostic Centers
  • Others

By Geography
  • North America (U.S., Canada and Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),
  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),
  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)
  • Rest of the World (Middle East and Africa).

 

Key Takeaways:

•    North America Leads the Market

North America held the largest share in the Intracardiac Echocardiography (ICE) market in 2024. With the rising prevalence of heart diseases in North America, particularly driven by key risk factors like high blood pressure and obesity, the demand for advanced diagnostic tools like intracardiac echocardiography is on the rise.  According to the American Heart Association's presidential advisories published in June 2024 in the AHA journal Circulation, the projected rise in heart disease and stroke, along with key risk factors like high blood pressure and obesity, is expected to triple related healthcare costs to $1.8 trillion by 2050. Additionally, 6 in 10 adults in an older and more diverse U.S. population could be affected by cardiovascular diseases within the next 30 years. This growing prevalence of heart-related conditions in the region is driving the demand for advanced diagnostic tools like intracardiac echocardiography, further solidifying North America's leading position in the market.

•    Intracardiac Echocardiography Systems is the Largest Segment

The Intracardiac Echocardiography Systems segment continues to lead the market due to its increasing adoption and advancements in technology. Notably, FUJIFILM Healthcare Americas Corporation announced the launch of its first-of-its-kind OPIE Transducer for on-pump intracardiac echocardiography (OPIE) aimed at improving septal myectomy procedures in April 2024. This innovation highlights the growing demand for specialized echocardiography systems. Additionally, in August 2024, Siemens Healthineers received FDA clearance for the ACUSON Origin, a dedicated cardiovascular ultrasound system powered by artificial intelligence (AI). These AI-driven features are designed to enhance cardiac procedures, particularly in diagnostics, structural heart disease, and electrophysiology, further boosting the Intracardiac Echocardiography Systems segment's dominance in the market.

•    Electrophysiology as application is the Largest Segment 

The Electrophysiology segment is the largest application in the intracardiac echocardiography market, owing to the rapid scientific and predictive analytics for diagnosing conditions like new-onset atrial fibrillation, ventricular tachycardia, and heart failure in cardiac electrophysiology over recent decades. Electrophysiology plays a critical role in diagnosing and treating various arrhythmias and heart rhythm disorders. As per a June 2024 article from Medical Xpress, researchers from the Massachusetts Institute of Technology (MIT) and Harvard Medical School have developed an ingestible device that can record electrophysiological signals from the gastrointestinal tract. This device could enhance the understanding and management of gastrointestinal disorders, highlighting the ongoing innovation in the field of electrophysiology and its potential expansion in medical applications beyond cardiology.

•    Increasing Incidence of Cardiovascular Diseases Drives the Market

The increasing incidence of cardiovascular diseases (CVDs) is a key driver for the growth of the intracardiac echocardiography market. According to a May 2023 article by the World Heart Federation, deaths from cardiovascular diseases have surged by approximately 60% globally over the past three decades. CVD remains the leading cause of death worldwide, claiming nearly 20 million lives annually, as highlighted by the American Heart Association's Heart Disease and Stroke Statistics 2024 Update. Modifiable risk factors, such as obesity, particularly abdominal obesity are significant contributors to the rising prevalence of cardiovascular conditions, further escalating the demand for advanced diagnostic technologies like intracardiac echocardiography.



Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Intracardiac Echocardiography Market. The top 10 companies in this industry are listed below:

1)    Abbott Laboratories
2)    Medtronic plc
3)    Boston Scientific Corporation
4)    Koninklijke Philips N.V.
5)    Siemens Healthineers
6)    GE Healthcare
7)    Johnson & Johnson
8)    Stryker Corporation
9)    Conavi Medical Corp.
10)     FUJIFILM

Scope of the Report: 

Report Metric Details

Base Year Considered

2024

Forecast Period

2025–2031

CAGR

10.2%

Market Size in 2031

$997 Million

Segments Covered

By Product Type, By Application, By End-User and By Geography.

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, , Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Abbott Laboratories   
  2. Medtronic plc
  3. Boston Scientific Corporation
  4. Koninklijke Philips N.V.
  5. Siemens Healthineers
  6. GE Healthcare
  7. Johnson & Johnson
  8. Stryker Corporation
  9. Conavi Medical Corp.
  10.  FUJIFILM

    
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1.    Intracardiac Echocardiography Market - Overview
      1.1.    Definitions and Scope
  2.    Intracardiac Echocardiography Market - Executive Summary
      2.1.    Key trends by Product Type
      2.2.    Key trends by Application
      2.3.    Key trends by End- User
      2.4.    Key trends by Geography
  3.    Intracardiac Echocardiography Market - Comparative Analysis
      3.1.    Company Benchmarking - Key Companies
      3.2.    Financial Analysis - Key Companies
      3.3.    Market Share Analysis - Key Companies
      3.4.    Patent Analysis
      3.5.    Pricing Analysis
  4.    Intracardiac Echocardiography Market - Start-up Companies Scenario
      4.1.    Key Start-up Company Analysis by
            4.1.1.    Investment & Revenue
            4.1.2.    Venture Capital and Funding Scenario
  5.    Intracardiac Echocardiography Market – Market Entry Scenario Premium
      5.1.    Regulatory Framework Overview
      5.2.    New Business and Ease of Doing Business Index
      5.3.    Case Studies of Successful Ventures
  6.    Intracardiac Echocardiography Market - Forces
      6.1.    Market Drivers
      6.2.    Market Constraints
      6.3.    Market Challenges
      6.4.    Porter's Five Force Model
            6.4.1.    Bargaining Power of Suppliers
            6.4.2.    Bargaining Powers of Customers
            6.4.3.    Threat of New Entrants
            6.4.4.    Rivalry Among Existing Players
            6.4.5.    Threat of Substitutes
  7.    Intracardiac Echocardiography Market – Strategic Analysis
      7.1.    Value Chain Analysis
      7.2.    Opportunities Analysis
      7.3.    Product Life Cycle/Market Life Cycle Analysis
      7.4.    Supplier/Distributor Analysis
  8.    Intracardiac Echocardiography Market – By Product Type (Market Size – $Million/$Billion)
      8.1.    Intracardiac Echocardiography Systems
            8.1.1    2D ICE system
            8.1.2    3D ICE Systems
            8.1.3    Others
      8.2.    Intracardiac Echocardiography Catheters
            8.2.1 Electronic phased-array catheter 
            8.2.2 Rotational catheter
            8.2.3 Others
      8.3.    Accessories
  9.    Intracardiac Echocardiography Market– By Application (Market Size – $Million/$Billion)
      9.1.    Electrophysiology          
      9.2.    Left Atrial Appendage Closure
      9.3.     Transcatheter Aortic Valve Implantation
      9.4.    Mitra Clip Implantation and Mitral Valvuloplasty
      9.5.    Others
  10.    Intracardiac Echocardiography Market– By End User (Market Size – $Million/$Billion)
      10.1.    Hospitals
      10.2.    Cardiology Clinics
      10.3.    Diagnostic Centres
      10.4.    Independent Cath Labs
      10.5.    Others
  11.    Intracardiac Echocardiography Market – by Geography (Market Size – $Million/$Billion) 
      11.1.    North America
            11.1.1.    U.S
            11.1.2.    Canada
            11.1.3.    Mexico
      11.2.    Europe
            11.2.1.    Germany
            11.2.2.    France
            11.2.3.    UK
            11.2.4.    Italy
            11.2.5.    Spain
            11.2.6.    Netherlands
            11.2.7.    Belgium
            11.2.8.    Rest of Europe
      11.3.    Asia-Pacific
            11.3.1.    China
            11.3.2.    Japan
            11.3.3.    South Korea
            11.3.4.    India
            11.3.5.    Australia & New Zealand
            11.3.6.    Rest of Asia-Pacific
      11.4.     South America
            11.4.1.    Brazil
            11.4.2.    Argentina
            11.4.3.    Chile
            11.4.4.    Colombia
            11.4.5.    Rest of South America
      11.5.    Rest of The World
            11.5.1.    Middle East
            11.5.2.    Africa
  12.    Intracardiac Echocardiography Market – Entropy
      12.1.    New product launches
      12.2.    M&A's, collaborations, JVs and partnerships
  13.    Intracardiac Echocardiography Market – Industry/Segment Competition Landscape 
      13.1.    Market Share Analysis
            13.1.1.    Market Share by Global 
            13.1.2.    Market Share by Region
            13.1.3.    Market Share by Country
  14.    Intracardiac Echocardiography Market – Key Company List by Country Premium 
  15.    Intracardiac Echocardiography Market – Company Analysis
      15.1.    Abbott Laboratories    
      15.2.    Medtronic plc
      15.3.    Boston Scientific Corporation
      15.4.    Koninklijke Philips N.V.
      15.5.    Siemens Healthineers
      15.6.    GE Healthcare
      15.7.    Johnson & Johnson
      15.8.    Stryker Corporation
      15.9.    Conavi Medical Corp.
      15.10.     FUJIFILM
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The Intracardiac Echocardiography Market is forecast to grow at 6% during the forecast period 2023-2030.

The Global Intracardiac Echocardiography Market size is estimated to be $ 0.5 Billion in 2022 and is projected to reach $ 0.6 Billion by 2030.

The leading players in the Intracardiac Echocardiography Market are Boston Scientific, Johnson & Johnson, Philips Healthcare, GE Healthcare, etc. and others.