Angiography Equipment Market 2022 | Size, Value Share, Trend, Key Player Review, Business Prospect and Forecast to 2027

(USA, NY, New York City) 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.

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. Other salient factors, such as; increasing healthcare expenditure and the on-going technical development, are expected to further actuate the demand for efficient treatment, which is likely to expand the angiography equipment trade.

On the other hand, the high cost of angiography can hamper the market growth during the forecast period. Conversely, the advent of advanced angiography devices, along with above-stated factors, are predicted to combat the impeding factor and grow the market in the assessment period.

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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) 

Segmental Analysis

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.

The application-based segments of the global angiography equipment market are diagnostics and therapeutics.

The indication-based segments of the global angiography equipment market are congestive heart failure, valvular heart disease, coronary artery disease, congenital heart disease, and other indications.

The technology-based segments of the global angiography equipment market are C.T. angiography, X-ray angiography, M.R. angiography, and other angiography technologies. X-ray angiography is further segmented into flat-panel detectors and image intensifiers.

The end-user-based segments of the global angiography equipment market are diagnostic and imaging centers, hospitals and clinics, and research institutes.

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Regional Analysis

Europe dominates the global angiography equipment market. The largest market share attributes to the presence of well-developed infrastructure, major market players, and flourishing medical equipment market. Besides, factors such as the growing prevalence of cardiovascular disorders and technological advances drive the regional market growth excellently.

Additionally, the increasing numbers of angiography procedures and increasing preference for minimally invasive diagnostic & treatment procedures contribute to the increase of the regional market size. The European angiography equipment market is estimated to create a substantial revenue pocket over the assessment period.

North America stands second in the global angiography equipment market. Factors such as the increasing prevalence of cardiac diseases and the growing geriatric population foster the growth of the regional market. Furthermore, factors such as the high healthcare expenditures and the well-developed healthcare sector in the region propel the growth of the market.

Besides, trends such as development and early adoption of advanced technologies, stringent screening regulations, and the high reimbursement are the prime growth drivers of the market. The North American angiography equipment market is projected to grow at a noteworthy CAGR during the assessment period.

The Asia Pacific angiography equipment market is expected to demonstrate rapid growth over the predicted period. The market is predominantly driven by the huge geriatric population and increasing numbers of cardiovascular disease patients. Furthermore, rising investments by private & public sectors to deliver improved healthcare services foster regional market growth.

China, Japan, and India would remain at the forefront in the regional market owing to their large size and growing economic clout. The APAC angiography equipment market is forecasted to witness substantial developments over the next four years.

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