Global angiography equipment market expected to generate revenue of around USD 13 billion by 2024, growing at a CAGR of around 5.50% between 2018 and 2024.
New York, United States - September 25, 2020 /MarketersMedia/ —
Global angiography equipment market expected to generate revenue of around USD 13 billion by 2024, growing at a CAGR of around 5.50% between 2018 and 2024.
The development in this market is credited to the rising product acceptances for enhanced angiography methods in the market, high occurrence of diseases such as CVDs and cancer, increasing public-private & government investments, the huge number of current research activities, increasing acceptance of angiography machines owing to a huge number of angiography processes conducted all over the world, and rising number of awareness initiatives.
The global market for angiography equipment is highly competitive and fragmented. It comprises of various medium and large-sized firms that vie against one another for elevating their status in different sections of the market. The leading players active in this market comprise B. Braun Melsungen, GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Boston Scientific Corporation, Canon Corporation, Shimadzu Corporation, Cordis, Angiodynamics, Medtronic, and Abbott Laboratories.
Increasing Requirement In Minimally Invasive Surgeries For Interventional Angiography Systems To Power The Development Of The Global Market
Minimally invasive operations are more rapid and cost-effective in comparison to traditional surgery. These surgical operations lower scarring, elevate the patient’s security, lower the span of hospital stay, and guarantee quicker recovery. A news article in Journal of the American Medical Association (JAMA) claimed that research performed by researchers at Johns Hopkins Medicine, a department of Johns Hopkins University, displayed that hospitals in the US might cooperatively save in the tune of USD 280–340 million annually by conducting MIS operations rather than conventional operations.
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Angiography is conducted in minimally invasive surgeries as angiograms created at the diagnosis stage show a clear, detailed, and precise image of the blood vessels in heart of a patient, removing the requirement for costly invasive operations. Due to this, medical experts are more and more accepting minimally invasive surgical operations over traditional open operations owing to the clinical benefits and cost advantages provided by the former. This is positively affected the development of the angiography devices market.
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This review is based on a report by Zion Market Research, titled “Angiography Equipment Market by Technology (CT, X-Ray, MRA), Product (Catheters, Angiography Systems, Balloons, Guidewire, Contrast Media), Application (Therapeutic, Diagnostic), Procedure (Endo, Coronary, Neuro), Patient Care Setting - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025”
The global angiography equipment market is segmented as follows:
By Product
• Angiography Equipment Solutions
o Angiography Systems
o Angiography Catheters
o Angiography Contrast Media
o Vascular Closure Devices (VCDs)
o Angiography Balloons
o Angiography Guidewires
o Angiography Accessories
By Technology
• X-Ray Angiography
o Image Intensifiers
o Flat-panel Detectors
• CT Angiography
• MR Angiography
• Other Angiography Technologies
By Procedure
• Coronary Angiography
• Endovascular Angiography
• Neuroangiography
• Onco-angiography
• Other Angiography Procedures
By Indication
• Coronary Artery Disease
• Valvular Heart Disease
• Congenital Heart Disease
• Congestive Heart Failure
• Other Indications
By Application
• Diagnostics
• Therapeutics
By End User
• Hospitals and Clinics
• Diagnostic and Imaging Centers
• Research Institutes
By Region
• North America
o U.S.
• Europe
o UK
o France
o Germany
• Asia Pacific
o China
o Japan
o India
• Latin America
o Brazil
• Middle East and Africa
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