An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the Angiography Devices Market” has been showcased on Report Ocean.
The “Global Angiography Devices Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Angiography Devices Market.
Global Angiography Devices Market is valued at approximately USD 11409.32 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2022-2029.
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The medical devices and instruments used for imaging and diagnostics are called angiography devices. A medical procedure known as angiograms makes it possible to image the lumen of blood vessels such as arteries and veins as well as the chambers of the heart and other body organs. These are also known as low-risk vascular imaging devices. The key factors driving the market growth are rising aging population and incidence of cardiovascular diseases. Also, another factor driving the market growth is rising government investments in healthcare infrastructure that creates lucrative demand for the market.
According to the World Health Organization, over 17.9 million deaths worldwide occur in 2017, as a result of cardiovascular diseases, and by 2030, this number is expected to rise to over 23.6 million. As a result, the prevalence of cardiovascular diseases is boosting the market for angiography devices, which could gradually result in the market’s growth. Also, rising demand for interventional angiography systems in minimally invasive surgeries would create lucrative opportunities for the market during forecast period. However, the poor reimbursement policies and high cost of angiography stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Angiography Devices Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising geriatric population and prevalence of cardiovascular diseases and presence of key companies in the U.S. attributed to the major share of the market. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising favorable government reimbursement policies, technological advancements, and rising investment in healthcare sector.
Major market players included in this report are:
- Toshiba Medical Systems Corporation
- St. Jude Medical, Inc.
- Siemens AG
- Shimadzu Corporation
- Medtronic Plc
- Koninklijke Philips N.V.
- General Electric Company
- Johnson & Johnson
- Boston Scientific Corporation
- Abbott Laboratories
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Recent Developments in the Market:
- In April 2022, GE Healthcare launched its new product, the “Discovery IGSTM 740 mobile angiography system.” The untethered Discovery IGS 740 offers seating flexibility and room design. Users may experience superior comfort and control due to the rail-free design and flexible wide bore C-arm positioning of the Discovery. Additionally, both in 2D and 3D, its large detector covers large anatomies.
- In 2021, Royal Philips introduced its perception for interventional drugs by integrating its breakthrough spectral CT imaging technology into a hybrid Angio CT suite. Through the combination of its unique Spectral CT 7500 system and its Image-Guided Therapy System – Azurion with FlexArm into a single interventional suite solution, Philips aims to provide interventionalists with rapid table-side access to these two significant imaging modalities.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Device
Computed Tomography (CT)
Angiography Devices
Magnetic Resonance Angiography (MRA) Devices
X-ray Angiography Devices
By Product
Catheter Tubes
Angiography Systems
Balloons Guidewires
Vascular Closure Devices
Guidewires
Contrast Media
Accessories
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By Procedure
Coronary Angiography
Micro-angiography
Non-coronary Angiography
Others
By Application:
Diagnostics
Therapeutics
By Indication:
Known & Suspected Coronary Artery Disease (CAD)
Congenital Heart Disease
Congestive Heart Failure
Valvular Heart Disease
Others
By End-User:
Diagnostic Centers
Hospitals
Academic Research Laboratories
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Angiography Devices market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Angiography Devices market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Angiography Devices market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Angiography Devices market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Angiography Devices market. It encapsulates indispensable insights extracted from the Angiography Devices Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Angiography Devices market, including:
- What can be expected for the Angiography Devices market in the next decade?
- What are the primary drivers of growth in the global Angiography Devices market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Angiography Devices market vary based on the size of the end market?
- What is the breakdown of Angiography Devices by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Angiography Devices market?
Our most recent research report showcases the thriving expansion of the global Angiography Devices Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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