Increasing incidents of cardiovascular ailments among the expanding populace is predicted to be a salient factor that can boost the angiography equipment market 2020. The introduction of supportive reimbursement policies by various governments to cure heart disorders is projected to escalate the demand for advanced treatment that can grow the market.
According to Market Research Future (MRFR), the global angiography equipment market is anticipated to acquire a significant market value, thriving at a CAGR of 5.2% during the review period from 2018-2023.
On the other hand, the high cost of angiography can hamper market growth during the forecast period. Conversely, the advent of advanced angiography devices, along with the above-stated factors, are predicted to combat the impeding factor and grow the market in the assessment period.
Based on the region, the global market is segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa.
As per the analysis, the global market is anticipated to be dominated by Europe due to the growing incidences of cardiovascular disorders and on-going technological development. The growing demand for minimally invasive devices is predicted to grow the market in the coming period.
North America is anticipated to acquire the second largest market share during the review period owing to the rising rise of cardiac diseases. The growing geriatric population is expected to grow the demand for advanced medical tools in the coming period. The presence of the U.S. and Canada is projected to be a salient factor that can boost the regional market considerably.
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The APAC region is expected to be driven majorly by China, Japan, and India, owing to their fast developing healthcare infrastructure. The expanding patient pool with a rising geriatric population is likely to grow the regional market in the coming period.
The segmental analysis of the global angiography equipment market is done by product, procedure, application, indication, technology, and end-user.
The product-based segments of the global angiography equipment market are angiography equipment solutions. The angiography equipment solutions is sub-segmented into angiography catheters, angiography systems, angiography contrast media, angiography balloons, Vascular Closure Devices (VCDs), angiography guidewires, and angiography accessories.
The procedure-based segments of the global angiography equipment market are onco-angiography, endovascular angiography, coronary angiography, neuro-angiography, and other angiography procedures.
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The application-based segments of the global angiography equipment market are diagnostics and therapeutics.
Key players of the global angiography market players are G.E. Healthcare (U.S.), Boston Scientific Corporation (U.S.), Canon Corporation (Japan), Medtronic (Ireland), Siemens Healthineers (Germany), Shimadzu Corporation (Japan), Angiodynamics (U.S.), Koninklijke Philips N.V. (Netherlands), Abbott Laboratories (U.S.), B. Braun Melsungen (Germany), Cordis (a Cardinal Health Company, U.S.) and Terumo (Japan)
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