Global Angiography Devices Market, By Product (Angiography Systems, Angiography Contrast Media, Vascular Closure Devices, Angiography Balloons, Angiography Catheters, Angiography Guidewires and Angiography Accessories), Technology (X-Ray Angiography, Computed Tomography Angiography, Magnetic Resonance Angiography and Other Angiography Technologies), Procedure (Coronary Angiography, Endovascular Angiography, Neuroangiography, Onco-Angiography and Other Angiography Procedures), Indication (Coronary Artery Disease, Valvular Heart Disease, Congenital Heart Disease, Congestive Heart Failure and Other Indications), Application (Diagnostics and Therapeutics), End-User (Hospitals and Clinics, Diagnostic and Imaging Centres and Research Institutes) – Industry Trends and Forecast to 2029
Market Analysis and Size
Angiography devices are increasingly gaining popularity in the western economies. Rising product innovations in the field of medical science have ensured the availability and application of advanced, high grade and high quality products to be used for aesthetic procedures. According to the World Health Organization, cardiovascular diseases would account for nearly 23.6 million by 2030 per year. Developing economies have further presented lucrative market growth opportunities owing to the growing number of cardiovascular diseases in this region.
- Data Bridge Market Research analyses that the angiography devices market is expected to undergo a CAGR of 7.07% during the forecast period of 2022-2029. This indicates that the market value, which was USD 10.46 billion in 2021, would rocket up to USD 22.17 billion by 2029. “Hospitals and Clinics” dominates the product segment of the angiography devices market owing to the increasing product launches, availability of the larger patient pool, high resource availability, and high penetration in diverse geographical locations and advancements in technologies. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
From the name itself, it is clear that angiography devices are the medical devices and instruments that are used for imaging and diagnostic purposes. Angiography is a medical procedure that facilitates medical imaging of the lumen, of blood vessels such as arteries, veins, and the heart chambers and other organs of the body. These is also known as low risk devices used for vascular imaging.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Angiography Systems, Angiography Contrast Media, Vascular Closure Devices, Angiography Balloons, Angiography Catheters, Angiography Guidewires and Angiography Accessories), Technology (X-Ray Angiography, Computed Tomography Angiography, Magnetic Resonance Angiography and Other Angiography Technologies), Procedure (Coronary Angiography, Endovascular Angiography, Neuroangiography, Onco-Angiography and Other Angiography Procedures), Indication (Coronary Artery Disease, Valvular Heart Disease, Congenital Heart Disease, Congestive Heart Failure and Other Indications), Application (Diagnostics and Therapeutics), End-User (Hospitals and Clinics, Diagnostic and Imaging Centres and Research Institutes)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Terumo Corporation (Japan), Abbott (US), B. Braun Melsungen AG (Germany), AngioDynamics (US), Medtronic (Ireland), Shimadzu Corporation (Japan), Cardinal Health. (US), Boston Scientific Corporation (US), Canon Inc. (Japan), Siemens Healthcare GmbH (Germany), Koninklijke Philips N.V. (Netherlands), GENERAL ELECTRIC COMPANY (US), Merit Medical Systems (US), MEDI TECH DEVICES PVT LTD (India), ST. STONE MEDICAL DEVICES PVT. LTD. (India), MEDTRON AG (Germany), InterMed Medical (India), Abbvie Inc. (US) and Hologic, Inc. (US).
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Angiography Devices Market Dynamics
Drivers
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The rise in the prevalence of disorders
Surging prevalence of chronic and acute disorders and diseases all around the globe owing to various internal and external factors is one of the major factors responsible for fostering growth in the demand for angiography devices. In other words, growing incidence rate of cardiovascular diseases will directly propel the market growth rate. According to the World Health Organization, in 2017, cardiovascular diseases account for nearly 17.9 million deaths per year.
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Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies have led to the advancements in the medical technology and have improved the quality of healthcare facilities.
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Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the demand for angiography devices. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative personal health devices market growth opportunities.
Additionally, surge in the personal disposable income level, introduction of technologically driven product in hospitals and increasing investment for the development of advanced, rising adoption of minimally invasive devices and innovative technology, positively affect the market growth rate.
Opportunities
Furthermore, upsurge in the public-private funding for target research activities, increasing obese population, increase in the alertness programs, conferences, and funding activities and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, surging number of strategic collaborations, rising internet penetration rate, growing number of hospitals and laboratories, rising geriatric population base, upsurge in need for interventional angiography systems in minimally invasive surgeries and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Restraints/Challenges
On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities and clinical risks and difficulties related with the medical procedures are expected to obstruct market growth. Also, lack of favourable reimbursement scenario and technology penetration in the developing economies, rising number of product recalls and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.
This angiography devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the angiography devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Angiography Devices Market
COVID-19 has had a slightly positive impact on the market. COVID-19 led to the rise in demand for medical equipment and supplies that were used to image, diagnose and treatment cardiovascular diseases and disorders. There was a huge rise in the number of patients suffering from chest blockage and patient who found it difficult to breath. This led to creating a slightly narrow scope of growth for the market.
Global Angiography Devices Market Scope
The angiography devices market is segmented on the basis of product, technology, procedure, indication, application, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Angiography Systems
- Angiography Contrast Media
- Vascular Closure Devices
- Angiography Balloons
- Angiography Catheters
- Angiography Guidewires and Angiography Accessories
On the basis of product, the angiography devices market is segmented into angiography systems, angiography contrast media, vascular closure devices, angiography balloons, angiography catheters, angiography guidewires, and angiography accessories.
Technology
- X-Ray Angiography
- Computed Tomography Angiography
- Magnetic Resonance Angiography
- Other Angiography Technologies
On the basis of technology, the angiography devices market is segmented into x-ray angiography, computed tomography angiography, magnetic resonance angiography, and other angiography technologies.
Procedure
- Coronary Angiography
- Endovascular Angiography
- Neuroangiography
- Onco-Angiography
- Other Angiography Procedures
On the basis of procedure, the angiography devices market is segmented into coronary angiography, endovascular angiography, neuroangiography, onco-angiography, and other angiography procedures.
Indication
- Coronary Artery Disease
- Valvular Heart Disease
- Congenital Heart Disease
- Congestive Heart Failure
- Other Indications
On the basis of indication, the angiography devices market is segmented into coronary artery disease, valvular heart disease, congenital heart disease, congestive heart failure, and other indications.
Application
- Diagnostics
- Therapeutics
On the basis of application, the angiography devices market is segmented into diagnostics and therapeutics.
End-user
- Hospitals and Clinics
- Diagnostic and Imaging Centres
- Research Institutes
On the basis of end-user, the angiography devices market is segmented into hospitals and clinics, diagnostic and imaging centres, and research institutes.
Angiography Devices Market Regional Analysis/Insights
The angiography devices market is analysed and market size insights and trends are provided by country, product, technology, procedure, indication, application, and end-user as referenced above.
The countries covered in the angiography devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the angiography devices market because of the strong base of healthcare facilities, rising investment from key players in the growth of the advanced devices, high adoption rate of minimally invasive procedures, availability of reimbursements, rising geriatric population, high replacement rates of medical equipment and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, ever-rising geriatric population base and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The angiography devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for angiography devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the angiography devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Angiography Devices Market Share Analysis
The angiography devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to angiography devices market.
Some of the major players operating in the angiography devices market are Terumo Corporation (Japan), Abbott (US), B. Braun Melsungen AG (Germany), AngioDynamics (US), Medtronic (Ireland), Shimadzu Corporation (Japan), Cardinal Health. (US), Boston Scientific Corporation (US), Canon Inc. (Japan), Siemens Healthcare GmbH (Germany), Koninklijke Philips N.V. (Netherlands), GENERAL ELECTRIC COMPANY (US), Merit Medical Systems (US), MEDI TECH DEVICES PVT LTD (India), ST. STONE MEDICAL DEVICES PVT. LTD. (India), MEDTRON AG (Germany), InterMed Medical (India), Abbvie Inc. (US) and Hologic, Inc. (US) among others.
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