Angiography Equipment Market Highlights:
Angiography is a minimally invasive process used to visualize the inside, or lumen, of the blood vessels and organs of the body. The conventional angiography technique is used in detection, diagnosis, and treatment of heart diseases, acute stroke, brain aneurysm, and vascular diseases. Recently, technological advancements in the interventional radiology have led to the development of OCT-angiography, MRI-angiography, and digital flat panel devices which are expected to drive the market growth during the forecast period.
Angiography Equipment Market: Increasing demand for minimally invasive procedures is projected to boost the market growth at a CAGR of ~ 5.2%.
The prominent players in the angiography equipment market are continuously involved in developing advanced systems to hold their market shares in the market. For instance, in 2016, Siemens Healthineers launched the innovative robot-supported Artis phenol angiography system. With this launch, the company extended its product portfolio in interventional radiology and interventional cardiology segment.
The global angiography equipment market is segmented on the basis of product, technology, procedure, indication, application, and end-user.
On the basis of product, the market is classified as angiography equipment solutions. Angiography equipment solutions are further segmented into angiography systems, angiography catheters, angiography contrast media, Vascular Closure Devices (VCDs), angiography balloons, angiography guidewires, and angiography accessories.
on the basis of technology is segmented as X-ray angiography, CT angiography, MR angiography, and other angiography technologies. The X-ray angiography is further segmented into image intensifiers and flat-panel detectors.
on the basis of procedure is further segmented into coronary angiography, endovascular angiography, neuro-angiography, onco-angiography, and other angiography procedures.
on the basis of indication is segmented into coronary artery disease, valvular heart disease, congenital heart disease, congestive heart failure, and other indications.
On the basis of application, the market is segmented into diagnostics and therapeutics.
On the basis of end-user, the market is segmented as hospitals and clinics, diagnostic and imaging centers, and research institutes.
Competitive Analysis by Major Key Players
GE Healthcare (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthineers (Germany), Canon Corporation (Japan), Boston Scientific Corporation (U.S.), Cordis (a Cardinal Health Company, U.S.) Shimadzu Corporation (Japan), Medtronic (Ireland), Angiodynamics (U.S.), B. Braun Melsungen (Germany), Abbott Laboratories (U.S.), and Terumo (Japan) are prominent players in the global angiography equipment market.
- Medical Device Manufacturers
- Original Equipment Manufacturers
- Medical Device Distributors
- Hospitals and Clinics
- Diagnostic & Imaging Centers
- Research Institutes
- Government Bodies
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Comprehensive Regional Analysis
The global angiography equipment market consists of four regions, namely, Americas, Europe, Asia Pacific, and the Middle East and Africa.
The global angiography equipment market is growing globally, where Europe holds the highest market share in the global angiography equipment market owing to well-developed infrastructure, due to increased cardiovascular disorders and continuous technological advancements. For instance, according to the European Cardiovascular Diseases Statistics, in 2015, 11.3 million new cases of cardiovascular diseases were registered in Europe and 6.1 million new cases in the European Union.
America accounts for the second largest share due to the increasing prevalence of cardiac diseases and growing geriatric population. Moreover, according to the Population Reference Bureau, the number of Americans aged over 65 is projected to be more than double from 46 million in 2014 to over 98 million by 2060.
The Asia Pacific angiography equipment market consists of countries, namely, China, Japan, the Republic of Korea, India, Australia, and the Rest of Asia Pacific. Countries such as China, India, and Japan favor the growth of the market owing to the increase in large patient population and rising investments by private and public sectors to deliver improved healthcare services.
The Middle East and Africa holds the lowest share of the global market due to low development, lack of technical knowledge, and poor medical facilities.
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