Angiography Equipment Market, Size, Share, Trade, Key Drivers and Forecast 2024

Posted by Yash Chauhan on March 26th, 2019

The global angiography equipment market is growing at a significant rate, due to expanding geriatric population and mounting occurrence of cardiovascular diseases. The market has witnessed high demand for angiography systems in the coming years due to the mounting occurrence of coronary artery disease, technological advancement in angiography devices, and escalating instances of blockages in blood vessels in non-coronary diseases.

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On the basis of product, the market is subdivided into angiography systems, angiography guidewires, vascular closure devices, angiography catheters, angiography contrast media, angiography balloons, and angiography accessories. On the basis of technology, the market is subdivided into X-ray angiography, MR angiography, CT angiography, and other angiography technologies. On the basis of the procedure, the market is subdivided into neuroangiography, coronary angiography, onco-angiography, endovascular angiography, and other angiography procedures. On the basis of application, the market is subdivided into diagnostics and therapeutics.

3D and 4D advanced imaging and planning tools in angiography systems and mounting inclination towards decreasing radiation doses are the trends in the angiography equipment market.

Expanding the aging population, the mounting occurrence of cardiovascular diseases and cancer, intensifying acceptance of angiography devices, and escalating demand for minimally invasive surgeries are the primary growth drivers for angiography equipment market.

Technological advancement, escalating product approvals for advance angiography techniques, and mounting awareness programs, funding activities, and conferences are also facilitating the growth of the angiography equipment market.

Europe is the largest angiography equipment market as in the region the occurrence of heart diseases and cancer are increasing.

Key players in the angiography equipment market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In June 2016, GE Healthcare partnered with Getinge to introduce angiography solution for the hybrid operating room. GE Healthcare, Shimadzu Corporation, Boston Scientific Corporation, Siemens AG, Medtronic Plc, Terumo Corporation, Abbott, Koninklijke Philips N.V., B. Braun Melsungen, Canon Medical Systems, and Angiodynamics are the key players offering angiography equipment.

Source: VynZ Research