The global angiography equipment market is a crucial segment of the medical device industry. Angiography equipment plays a vital role in the diagnosis and treatment of various cardiovascular and neurological conditions. Angiography allows interventional physicians to visualize the inside of blood vessels and organs non-invasively, assisting in procedures such as angioplasty and stent placement.
Angiography equipment includes products such as angiography systems, angiography contrast media, vascular closure devices, angiography catheters, balloons, guidewires, and injector systems. Advancements in flat panel detector technology and miniaturization have made modern angiography systems compact, efficient, and high-performing. The integration of sophisticated imaging software helps physicians conduct procedures with enhanced precision. With rising lifestyle diseases and an aging population, the demand for minimally-invasive treatments is growing. As a result, angiography volumes are increasing globally as it helps clinicians provide faster recovery and superior outcomes to patients.
The Global Angiography Equipment Market is estimated to be valued at US$ 12.17 BN in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the global angiography equipment are B. Braun Melsungen AG, Koninklijke Philips N.V., GE Healthcare, Cardinal Health, Siemens Healthcare Gmbh, Shimadzu Corporation, Medtronic plc, Boston Scientific Corporation, ANGIODYNAMICS, Abbot, Microport Scientific Corporation, Terumo Corporation, CURATIA MEDICAL INC., Cook Medical, Merit Medical Systems, Inc. and Applied Medical Resources Corp.
Rising lifestyle diseases such as diabetes, hypertension, and coronary artery disease are expected to drive the demand for angiography procedures. Advanced angiography equipment allows clinicians to widely screen, diagnose, and treat such conditions effectively.
Angiography equipment manufacturers are continuously striving to develop compact and intelligent imaging technologies for improved workflow and procedural outcomes. Integrating AI capabilities can help physicians derive insights from real-time angiography images.
Market Trends
Flat panel detector Global Angiography Equipment Market Growth systems are gaining popularity over image intensifier systems due to benefits such as high image quality, lower radiation dose, and usability. Major players are focusing on developing integrated FPD angiography suites.
Manufacturers are investing in portable and compact C-arm angiography systems for use in hybrid operating rooms and cardiac catheterization labs. This allows institutions to perform angiography and a variety of minimally-invasive surgeries simultaneously.
Market Opportunities
The rising disease burden of cardiovascular illnesses and stroke in developing nations presents lucrative growth opportunities. Increased healthcare spending can boost the adoption of advanced angiography equipment in these emerging markets.
Integrating capabilities such as augmented reality intraoperative navigation and artificial intelligence image processing holds potential for addressing unmet needs in complex interventional procedures. This can further expand the applications of angiography over the forecast period.
Impact of COVID-19 on the Global Angiography Equipment Market:
The COVID-19 pandemic has majorly impacted the growth of the global angiography equipment market. During the initial months of the pandemic in 2020, elective surgeries and other procedures were postponed worldwide to focus medical resources on the COVID-19 treatment. This led to a significant decline in the demand for angiography equipment for diagnosis and treatment of cardiovascular diseases and other conditions during this period. Manufacturers also faced disruptions in their supply chains and production due to lockdowns imposed across various countries.
However, as the pandemic continued, healthcare systems started preparing better for dealing with non-COVID patients as well. The demand for angiography equipment has been gradually rising post pandemic for diagnosis and management of acute coronary syndrome cases, strokes and other emergencies that could not be postponed. Players in the market are focusing on minimizing disruptions and meeting the rising demand through capacity expansion, new product launches and by strengthening their online distribution channels. With the development and availability of COVID-19 vaccines, the deferrals in elective procedures are reducing. It is expected that the angiography equipment market will witness steady growth in the coming years to cater to the pent-up demand as normalcy returns. Ongoing initiatives for preparedness against future pandemics will further support the market prospects.
Geographical Concentration of the Global Angiography Equipment Market:
In terms of value, North America dominates the global angiography equipment market and accounted for the largest share in 2024. This is attributed to factors such as rising prevalence of target diseases, growing geriatric population, availability of advanced healthcare facilities, and favorable reimbursement policies in the region. Within North America, the United States represents the major market for angiography equipment. Growing awareness about benefits of minimally invasive procedures for diagnosis and treatment is also boosting the adoption of angiography equipment across various healthcare settings in the country.
Asia Pacific is the fastest growing regional market for angiography equipment globally. This can be ascribed to improving access to healthcare, rapidly evolving medical infrastructure, rising healthcare spending, and growing occurrence of chronic conditions in developing Asian countries such as India and China. Government efforts in different nations for modernization of hospitals and expansion of healthcare insurance are creating significant opportunities for key market players. In addition, favorable policies by OEMs for extending their distribution networks to Asia Pacific are anticipated to drive the regional market during the forecast period.
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Market Analysis and Insights: Global Angiography Devices Market Global Angiography Devices Market By Product (Angiography Systems, Angiography Contrast Media, Vascular Closure Devices, Angiography Balloons, Angiography Catheters, Angiography Guidewires, Angiography Accessories), Technology (X-Ray Angiography, Ct Angiography, Mr Angiography, Other Angiography Technologies), Procedure (Coronary Angiography, Endovascular Angiography, Neuroangiography, Onco-Angiography, Other Angiography Procedures), Indication (Coronary Artery Disease, Valvular Heart Disease, Congenital Heart Disease, Congestive Heart Failure, Other Indications), Application (Diagnostics, Therapeutics), End User (Hospitals & Clinics, Diagnostic & Imaging Centers, Research Institutes), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026Market Analysis: Global Angiography Devices MarketGlobal angiography devices market is registering a substantial CAGR of 5.75% in the forecast period of 2019-2026.
This rise in the market can be attributed to the increment in aging population and CVD incidence and Increasing awareness programs, conferences, and fundraising activities.Market Definition: Global Angiography Devices MarketAngiography is an X-ray imaging of the blood vessels by means of contrast agents inserted into the bloodstream by a small plastic pipe (catheter) that is positioned straight in the blood vessel.
Angiography offers data on defects in the blood vessels, such as shrinking, obstruction, swelling, unusual enlargement and bleeding, which uses a liquid contrast agent recognized as a contrast medium.
The contrast agents are introduced into the artery or the vein to renders the blood vessels transparent to the x-rays.
Angiography is also used to direct processes for the treatment of defects in blood vessels.Get More Insights About the Global angiography devices market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-angiography-devices-market Market DriversIncrement in aging population and CVD incidence is driving the growth of the market,Increasing awareness programs, conferences, and fundraising activities is propelling the growth of the marketIncreasing interest of interventional angiography systems in minimally invasive surgery is boosting the growth of the marketRising the strain of incidence of chronic cardiovascular disease is contributing to the growth of the marketMarket RestraintsReimbursement limits for angiography procedures is hampering the growth of the marketExposure to radiation Hazard is hindering the growth of the marketHeavy procedure and expense of equipment is restricting the growth of the marketKnow more about this report https://www.databridgemarketresearch.com/reports/global-angiography-devices-marketSegmentation: Global Angiography Devices MarketBy ProductAngiography SystemsAngiography Contrast MediaVascular Closure DevicesAngiography BalloonsAngiography CathetersAngiography GuidewiresAngiography AccessoriesBy TechnologyX-Ray AngiographyImage IntensifiersFlat-Panel DetectorsCt AngiographyMr AngiographyOther Angiography TechnologiesBy ProcedureCoronary AngiographyEndovascular AngiographyNeuroangiographyOnco-AngiographyOther Angiography ProceduresBy IndicationCoronary Artery DiseaseValvular Heart DiseaseCongenital Heart DiseaseCongestive Heart FailureOther IndicationsBy ApplicationDiagnosticsTherapeuticsBy End UserHospitals & ClinicsDiagnostic & Imaging CentersResearch InstitutesBy GeographyNorth AmericaU.S.CanadaMexicoEuropeGermanyItalyU.K.FranceSpainNetherlandsBelgiumSwitzerlandTurkeyRussiaRest of EuropeAsia-PacificJapanChinaIndiaSouth KoreaAustraliaSingaporeMalaysiaThailandIndonesiaPhilippinesRest of Asia-PacificSouth AmericaBrazilRest of South AmericaMiddle East and AfricaSouth AfricaRest of Middle East & AfricaKey Developments in the Market:In August 2018, Pulse Medical Imaging Technology Co revealed a latest medical equipment AngioPlus system, of its kind to be authorized by Chinese health authorities.
The device will increase the precision of coronary artery blockage and feature evaluation in China in order to enhance therapy while decreasing patients ' financial strain and wellness risks.
