Angiography Equipment Market projected to grow at 5.5% CAGR during 2016 to 2025

Angiography Equipment Market Size and Growth Rate:

The global angiography equipment market is expected to grow at a CAGR of 5.5% to reach USD 15.2 billion by 2025 from USD 9.4 billion in 2016.

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Angiography Equipment Market Overview:

Angiography is a minimally invasive technique which is used to view the blood vessels in the body. Present, technological advancements in interventional radiology have led to the improvement of MRI-angiography, OCT-angiography, and digital flat panel devices that are expected to drive the market growth during the analysis period.

Angiography Equipment Market Growth Drivers, Challenges, and Opportunities:

The worldwide growth in geriatric population and increasing incidences of cardiovascular diseases coupled with the growing demand for interventional angiography systems in minimally invasive surgeries and awareness programs, conferences, and funding activities are major growth factors of the angiography equipment market. High prevalence coupled with the increasing incidence of cancer and cardiovascular diseases around the world is one of the primary factors driving the growth of the angiography equipment market.

Additionally, favorable government regulation for the approval of the product in the various developed regions also fuels up the growth of the global market. There is also a rising demand for angiography systems due to a shift in preference for minimally invasive surgeries. However, high costs associated with procurement and use of technologically advanced angiography equipment is a primary factor hampering the growth of the global market.

Geographical Analysis of Angiography Equipment Market:

The geographical segmentation of global angiography equipment market includes regions of Europe, Asia Pacific, Americas, and the Middle East and Africa. Europe holds the highest market share in the global market owing to well-developed infrastructure, due to increased cardiovascular disorders and continuous technological advancements. Furthermore, rising numbers of angiography procedures and an increasing preference for minimally invasive devices contribute to the growth of the market.

America accounts for the second largest share due to the growing prevalence of geriatric population, and cardiac diseases. According to the American Center for Disease Control and Prevention, around 610,000 people die of cardiac diseases annually that is 1 in every four deaths. Moreover, the increasing expenditure in healthcare and the well-developed healthcare sector have also driven the growth of the market, and trends such as changing old technologies with advanced ones are likely to contribute to the growth of the industry in these countries.

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Key Players of Angiography Equipment Market:

The major key players operating in the global angiography equipment market include Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers, Canon Incorporation, Shimadzu Corporation, Cordis Corporation, Boston Scientific Corporation, B. Braun Melsungen Medtronic, Inc., AngioDynamics, Inc., AG, and Abbott Laboratories, among others.

Angiography Equipment Market Segmentation:

By Product:

·         Angiography system

·         Catheters

·         Guidewire

·         Balloons

·         Contrast media

By Technology:

·         X-RAY

·         CT

·         MRA

·         By Procedure:

·         Coronary

·         Endo

·         Neuro

By Application:

·         Diagnostic

·         Therapeutic

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

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