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iCrowdNewswire Jan 15, 2021 1:55 PM ET

Angiography Equipment Market : Business Opportunities, Market Challenges & Global Industry Analysis by 2023


iCrowd Newswire - Jan 15, 2021

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.

Regional Analysis

 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.

Market Segmentation

 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

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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Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

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