Angiography Devices Market Forecast 2022 to 2032 | By GE Healthcare, Medtronic, Cordis, Shimadzu

The global Angiography Devices market revenue is expected to reach US$ 12,116.7 million in 2022, with expansion driven by increased application opportunities and technical improvements. Overall sales of Angiography Devices are predicted to expand at a CAGR of 6.2% between 2022 and 2032, reaching roughly US$ 22,112 million by 2032.

Angiography is a medical imaging technology that allows for the visualisation of blood vessels in order to detect narrowed, obstructed, or enlarged arteries or veins in the body. This treatment may require local or general anaesthesia and may entail the use of several imaging technologies such as magnetic resonance imaging, computed tomography, X-ray, and others. The higher image quality of angiography compared to traditional approaches is boosting the adoption of Angiography Devices, notably for heart-related illnesses.

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Because of its effectiveness, few side effects, and quick length of outcomes, MRI and CT Angiography Devices are predicted to dominate the market. In industrialised countries, the commercialization of sophisticated imaging technology, paired with increased patient affordability, is broadening the scope of hybrid Angiography Devices. The market in developing nations, on the other hand, is somewhat saturated, and demand for Angiography Devices may decline. However, market growth is projected to be fueled by the replacement of older devices.

Angiography Devices Market: Overview

Because of their superior efficiency over conventional technologies, more modern technologies such as MRI and CT dominated the angiography device market. Siemens Healthcare’s recently launched Real-time 3D echocardiography is an important advancement in the Angiography Devices industry, which is used to diagnose various heart and coronary problems. Because of their high prevalence, coronary and pulmonary angiography are the most common procedures. Hospitals and surgical centres have a potential end-user share, followed by diagnostic centres. This is owing to the high cost of Angiography Devices, which makes them prohibitive for medium-sized diagnostic centres. Because of its high occurrence and the lack of an alternate diagnostic tool, Coronary Artery Disease (CAD) is the major disease indication.

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Angiography Devices Market: Drivers and Restraints

Increasing CVD rates, an ageing population, a dysfunctional lifestyle, and a growing demand for sophisticated diagnostic techniques are propelling the worldwide Angiography Devices market forward. Furthermore, increased awareness for cardiovascular disease detection and treatment, as well as supportive government regulations for commercialising Angiography Devices, are propelling the Angiography Devices market forward. High-priced Angiography Devices, a lack of reimbursement, and unaffordability in emerging markets are all challenges hindering market expansion. However, in order to secure the highest market share in emerging economies, firms in this industry are aggressively focused on the commercialization of low-cost solutions.

Angiography Devices Market: Key Players

Leading players operating in Angiography Devices includes Abbott Vascular (Abbott Laboratories), Toshiba Medical Systems Corporation, Royal Philips Electronics, GE Healthcare, Medtronic, Inc., Cordis Corporation, Shimadzu Corporation, and Siemens Healthcare. Companies operating in this market are seeking for novel product to gain core competencies in the market. These companies are also conducting collaborative studies with the clinical research institutes to sustain their market position.

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The Asia Pacific area is expected to rise significantly due to an increase in the number of CVD cases, as well as increased investment in the region’s healthcare system, which will result in the availability of necessary medical facilities. According to FMI, the Asia Pacific Angiography Devices market would grow at a CAGR of 6%.

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Angiography Devices Market: Segmentation

The global Angiography Devices market is segmented based on, device, product type, application, procedures, end use and indication.

Based on devices, the global Angiography Devices market is segmented into the following:

Angiography Devices Market by Device:

• Magnetic Resonance Angiography (MRA) Devices
• Computed Tomography Angiography (CTA) Devices
• Conventional Angiography Devices
• Digital Subtraction Angiography (DSA) Devices
• Catheter Angiography Devices
• Coronary Angiography Devices
• Other Angiography Devices

Angiography Devices Market by Procedure:

• Coronary Angiography
• Pulmonary Angiography
• Cerebral Angiography
• Extremity Angiography
• Renal Angiography

Angiography Devices Market by End User:

• Angiography Devices for Hospitals and Surgical Centres
• Angiography Devices for Diagnostics Centres
• Angiography Devices for Academic and Research Institutes

Angiography Devices Market by Indication:

• Angiography Devices for Coronary Artery Disease (CAD)
• Angiography Devices for Congenital Heart Disease
• Angiography Devices for Congestive Heart Failure
• Angiography Devices for Kidney Disorders
• Angiography Devices for Other Indications

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