Angiography Equipment Market Overview
According to Market Research Future (MRFR), the global angiography equipment market is anticipated to acquire a significant market value, thriving at a CAGR of 5.2% during the review period from 2018-2023.
Increasing incidents of cardiovascular ailments among the expanding populace is predicted to be a salient factor that can boost the angiography equipment market 2020. The introduction of supportive reimbursement policies by various governments to cure heart disorders is projected to escalate the demand for advanced treatment that can grow the market. Other salient factors, such as; increasing healthcare expenditure and the on-going technical development, are expected to further actuate the demand for efficient treatment, which is likely to expand the angiography equipment trade.
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On the other hand, the high cost of angiography can hamper the market growth during the forecast period. Conversely, the advent of advanced angiography devices, along with above-stated factors, are predicted to combat the impeding factor and grow the market in the assessment period.
Angiography Equipment Market Segmentation
The segmental analysis of the global angiography equipment market is done by product, procedure, application, indication, technology, and end-user.
The product-based segments of the global angiography equipment market are angiography equipment solutions. The angiography equipment solutions is sub-segmented into angiography catheters, angiography systems, angiography contrast media, angiography balloons, Vascular Closure Devices (VCDs), angiography guidewires, and angiography accessories.
The procedure-based segments of the global angiography equipment market are onco-angiography, endovascular angiography, coronary angiography, neuro-angiography, and other angiography procedures.
The application-based segments of the global angiography equipment market are diagnostics and therapeutics.
The indication-based segments of the global angiography equipment market are congestive heart failure, valvular heart disease, coronary artery disease, congenital heart disease, and other indications.
The technology-based segments of the global angiography equipment market are C.T. angiography, X-ray angiography, M.R. angiography, and other angiography technologies. X-ray angiography is further segmented into flat-panel detectors and image intensifiers.
The end-user-based segments of the global angiography equipment market are diagnostic and imaging centers, hospitals and clinics, and research institutes.
Angiography Equipment Market Regional Analysis
Based on the region, the global market is segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa.
As per the analysis, the global market is anticipated to be dominated by Europe due to the growing incidences of cardiovascular disorders and the on-going technological development. The growing demand for minimally invasive devices is predicted to grow the market in the coming period.
North America is anticipated to acquire the second largest market share during the review period owing to the rising rise of cardiac diseases. The growing geriatric population is expected to grow the demand for advanced medical tools in the coming period. The presence of the U.S. and Canada is projected to be a salient factor that can boost the regional market considerably.
The APAC region is expected to be driven majorly by China, Japan, and India, owing to their fast developing healthcare infrastructure. The expanding patient pool with a rising geriatric population is likely to grow the regional market in the coming period.
The MEA region is projected to acquire the least market share during the projection period owing to the lack of proper healthcare infrastructure.
Angiography Equipment Market Key Players
Key players of the global angiography market players are G.E. Healthcare (U.S.), Boston Scientific Corporation (U.S.), Canon Corporation (Japan), Medtronic (Ireland), Siemens Healthineers (Germany), Shimadzu Corporation (Japan), Angiodynamics (U.S.), Koninklijke Philips N.V. (Netherlands), Abbott Laboratories (U.S.), B. Braun Melsungen (Germany), Cordis (a Cardinal Health Company, U.S.) and Terumo (Japan).
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