Global Angiography Devices Market Set for Continued Growth, Expected to Reach USD 23,309.3 Million by 2033
The global angiography devices market is experiencing significant growth, driven by technological advancements in medical devices and the rising prevalence of cardiovascular diseases worldwide. According to recent market projections, the angiography devices market is set to reach a remarkable valuation of USD 12,717.9 million by the end of 2023, reflecting a solid year-on-year growth rate of 6.2%. Looking ahead, the market is expected to expand further, with forecasts predicting a surge to USD 23,309.3 million by 2033.
Angiography devices have become indispensable tools in modern healthcare, playing a vital role in diagnosing and treating cardiovascular conditions. These sophisticated devices enable healthcare professionals to visualize and assess the cardiovascular system, providing crucial insights into conditions such as coronary artery disease. Additionally, angiography devices are essential in guiding complex procedures like angioplasty and stent implantation, which improve patient outcomes and enhance treatment accuracy.
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The increasing adoption of angiography devices is largely driven by their ability to offer detailed imaging and real-time data, empowering clinicians to make better-informed decisions. As cardiovascular diseases continue to be a leading global health challenge, the demand for angiography devices is expected to rise, further accelerating market growth.
The future of the angiography devices market remains bright, with ongoing innovations and technological advancements setting the stage for even more efficient and precise diagnostic tools. As the healthcare industry continues to evolve, the role of angiography devices in improving patient care and outcomes will only grow in importance.
Key Takeaways from the Angiography Devices Industry Study Report:
- The market for angiography devices is very prevalent in important areas of North America and Europe. In 2022, these two regions contributed almost 37.2% and 28.1% of the total revenue generated by the market globally.
- The United States is home to prominent medical device manufacturers with developed healthcare infrastructure and supportive government policies, which contribute to its higher market share. In 2022, this region alone created 34.1% of the global demand for angiography devices.
- Germany dominated the overall market in Europe and held a global market share of 8.2% by the end of 2022. Meanwhile, the market in the United Kingdom is forecasted to record a higher CAGR of 5.9% over the next ten years.
- The demand for angiography procedures and devices in Asia Pacific countries is developing strongly. China, for instance, is poised to witness a robust CAGR of 8.3% in sales of angiography devices during the forecast years.
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Competitive Landscape for the Angiography Devices Industry Players:
- Abbott Vascular (Abbott Laboratories)
- Toshiba Medical Systems Corporation
- Royal Philips Electronics
- GE Healthcare
- Medtronic
- Cordis Corporation
- Shimadzu Corporation
- Siemens Healthcare.
The market competition is intensifying with ongoing technical innovation and an increasing field of application. Emerging market layers are eagerly targeting smaller end users to penetrate the market and scale their business.
Recent Developments by the Angiography Devices Manufacturing Industries:
- According to Canon Medical Systems USA, Incorporation, its new Aplio i900 angiography system was released for sale in February 2023. It is a high-performance angiography system and is perfect for use in various clinical settings, including interventional radiology suites and vascular surgery departments.
- The new Siemens Healthineers Artis icono angiography system was released in March 2023. It is a small and portable angiography device, and its miniaturized features make it perfect for mobile cath laboratories and remote healthcare centers.
Key Segments Covered in the Angiography Devices Industry Report:
Angiography Devices Industry 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 Industry by Procedure:
- Coronary Angiography
- Pulmonary Angiography
- Cerebral Angiography
- Extremity Angiography
- Renal Angiography
Angiography Devices Industry by Indication:
- Coronary Artery Disease (CAD)
- Congenital Heart Disease
- Congestive Heart Failure
- Kidney Disorders
- Other Indications
Angiography Devices Industry by End User:
- Hospitals and Surgical Centres
- Diagnostics Centres
- Academic and Research Institutes
Angiography Devices Industry by Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa Angiography Devices Industry
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