The Angiography Equipment Market is witnessing robust growth, driven by the increasing prevalence of cardiovascular diseases and the rising demand for advanced diagnostic tools. Angiography, a crucial diagnostic procedure, is performed using angiographic machines and devices to visualize blood vessels and assess blood flow. The market is propelled by the constant technological advancements in angiography equipment, enhancing imaging quality and diagnostic accuracy.
The Angiography Equipment Market is projected to reach USD 13.41 Billion by 2032 at 5.20% CAGR during the forecast period 2023-2032.
As the global healthcare landscape continues to prioritize early and accurate diagnosis, the demand for state-of-the-art angiography equipment is expected to surge. Major players in the market are focusing on research and development to introduce innovative technologies, ensuring improved patient outcomes and enhanced procedural efficiency. The angiography equipment market is poised for significant expansion, propelled by the increasing prevalence of cardiovascular disorders and the continuous evolution of diagnostic technologies.
Angiography machines, a cornerstone of this market, play a pivotal role in capturing detailed images of blood vessels, aiding in the diagnosis and treatment of cardiovascular conditions. These machines utilize contrast media to highlight blood vessels during imaging procedures, providing clinicians with vital insights into the patient's vascular system. Moreover, the angiography devices segment encompasses a range of tools, including catheters, guidewires, and stents, contributing to the overall market growth.
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Major Key Players:
Players leading the global Angiography Equipment Market Players include Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Siemens Healthineers (Germany), Boston Scientific Corporation (US), Canon Corporation (Japan), Cordis, a Cardinal Health Company, (US), Medtronic (Ireland), Shimadzu Corporation (Japan), Angiodynamics (US), Abbott Laboratories (US), B. Braun Melsungen (Germany), and Terumo (Japan), among others.
Segment Analysis
The report is segmented into seven key market dynamics to widen the scope of understanding,
By Product: Angiography Catheters, Angiography Systems, Angiography Contrast Media, Angiography Balloons, Vascular Closure Devices (VCDs), Angiography Guidewires, and Angiography Accessories, fluorescein angiography machine.
By Technology: CT angiography, X-ray angiography, MR angiography, and other angiography technologies.
By Procedure:Endovascular Angiography, Coronary Angiography, Neuro-Angiography, Onco-Angiography, and other Angiography Procedures.
By Indication: Valvular Heart Disease, Coronary Artery Disease, Congenital Heart Disease, Congestive Heart Failure, and other indications.
By Application: Diagnostics and Therapeutics.
By End-user: Hospitals Clinics, Diagnostic Imaging Centers, and Research Institutes.
By Regions: Europe, North America, Asia Pacific, and the Rest-of-the-World.
Regional Analysis
Europe is considered as the leading region in the global angiography equipment market. Factors, such as the high per capita healthcare expenditures and the growing population act as major tailwinds to the regional market growth. Moreover, a well-developed infrastructure, increasing prevalence of cardiovascular disorders, spreading awareness of CABG procedures, and technological advancements are expected to spur the market growth in the region.
Additionally, increasing numbers of angiography procedures and growing preference of minimally invasive devices contribute to the growth of the regional market. Furthermore, the resurging economy is playing a vital role in increasing the value of the regional market, increasing access to quality care. Also, the availability of specialty care services in hospitals tertiary care centers, increasing demand for the treatment options of cardiovascular diseases, and rising prevalence of cardiovascular diseases escalate the market growth in the region.
Moreover, factors positively impacting the growth of the regional market include the growing emphasis on coronary artery bypass procedures and increasing geriatric population with chronic diseases such as diabetes obesity which increase the risk for heart disease and cardiovascular diseases.
North America accounts for the second-largest market for angiography equipment, globally. The region witnesses an increasing number of coronary artery bypass procedures. In addition, the increasing expenditure on healthcare and the well-developed healthcare sector are positively impacting the growth of the market. Besides, the presence of state-of-the-art-infrastructure that allows the development of technologies and early adoption of advanced technologies contribute to the growth of the market in this region.
Moreover, high per capita healthcare spending and the growing prevalence of coronary diseases in the region are expected to spur the market growth in the region. Markets in the US and Canada led by the rising number of bypass surgeries lead the regional market. Furthermore, the rapid uptake of advanced technologies and devices in the surgical process is also an essential growth driver of the market.
The Asia Pacific angiography equipment market is emerging as a promising market globally. The region is heading with the rising cases of patients suffering from cardiovascular disease and coronary diseases. Factors, such as the huge growth in the healthcare sector in highly populated countries like India, Japan, and China, can drive regional market growth.
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