Angiography Equipment Market Analysis 2025–2029: Growth Forecast and Competitive Insights
Uncover key drivers, emerging technologies, and competitive movements shaping the angiography equipment market from 2025–2034 with trusted insights from The Business Research Company
How Much Will The Angiography Equipment Market Be Worth By 2029, And What CAGR Will It Achieve?
The angiography equipment market has demonstrated significant expansion in recent years. It is forecast to grow from $13.05 billion in 2024 to $13.83 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.9%. This market’s past growth has been driven by factors such as rising cardiovascular diseases, the adoption of minimally invasive procedures, an aging population, developments in healthcare infrastructure, and ongoing clinical research and development.
The angiography equipment market is projected to experience robust expansion in the coming years. Its valuation is set to reach $18.93 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 8.2%. This anticipated growth during the forecast period is fueled by factors such as the integration with hybrid operating rooms (ORs), enhanced data security and privacy measures, the globalization of healthcare services, a focus on patient-centric care, and the rise of personalized healthcare approaches. Key trends characterizing this period encompass global healthcare accessibility, the adoption of remote consultation and training, the implementation of value-based healthcare models, improvements in data security and interoperability, and the increasing demand for customization and tailored solutions.
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Which Factors Are Driving The Angiography Equipment Market Forward?
The increasing prevalence of cardiovascular illnesses is anticipated to propel the angiography equipment market. A Cardiovascular disease (CVD) system employs X-ray pictures to identify obstructed or constricted cardiac blood arteries. For instance, in September 2023, a report from PCRonline, a France-based platform dedicated to cardiovascular education, indicated that approximately 620 million people globally are living with heart and circulatory diseases. Each year, around 60 million new cases are diagnosed, emphasizing the considerable global burden of cardiovascular conditions. Hence, the escalating frequency of cardiovascular illnesses is expected to persistently drive the growth of the angiography equipment market.
Which Segments Form The Key Structure Of The Angiography Equipment Market?
The angiography equipmentmarket covered in this report is segmented –
1) By Product: Angiography Systems, Angiography Catheters, Angiography Contrast Media, Vascular Closure Devices (VCDs), Angiography Balloons, Angiography Guidewires, Angiography Accessories
2) By Technology: X-Ray Angiography, CT Angiography, MR Angiography, Other Technologies
3) By Procedure: Coronary Angiography, Endovascular Angiography, Onco-Angiography, Neuro-Angiography, Other Procedures
Subsegments:
1) By Angiography Systems: X-Ray Angiography Systems, CT Angiography Systems, MR Angiography Systems
2) By Angiography Catheters: Diagnostic Catheters, Interventional Catheters, Specialty Catheters
3) By Angiography Contrast Media: Iodinated Contrast Agents, Gadolinium-Based Contrast Agents, Other Contrast Agents
4) By Vascular Closure Devices (VCDs): Collagen-Based VCDs, Suture-Based VCDs, Other VCDs
5) By Angiography Balloons: Drug-Eluting Balloons, Non-Compliant Balloons, Compliant Balloons
6) By Angiography Guidewires: Coated Guidewires, Non-Coated Guidewires, Specialty Guidewires
7) By Angiography Accessories: Sheaths And Introducers, Access Kits, Other Accessories
What Strategic Shifts And Innovations Are Influencing The Angiography Equipment Market?
Product innovation within the angiography equipment market stands out as a crucial trend. Key companies operating in the angiography equipment market are concentrating on developing novel solutions to bolster their market presence. For instance, in June 2022, Shimadzu Medical Systems, a US-based manufacturer of advanced imaging systems, unveiled its new Trinias angiography system. This system incorporates artificial intelligence (AI) deep learning technology, operating with X-ray doses that are 40% lower or more reduced than prior models. This represents a significant advancement, as an angiography system’s image-processing engine had not previously utilized AI. Additionally, the new Trinias system introduces a substantial suite of features aimed at streamlining workflow, thereby enabling more productive clinical operations in any medical facility.
Which Firms Are Making The Biggest Impact In The Angiography Equipment Market?
Major companies operating in the angiography equipment market are GE HealthCare Technologies Inc., Koninklijke Philips N.V., Siemens Healthineers AG, Canon Corporation, Boston Scientific Corporation, Cordis Corporation, Shimadzu Corporation, Medtronic PLC, Angiodynamics, B. Braun Melsungen, Abbott Laboratories, Terumo Corporation, Toshiba Medical System Corporation, Merit Medical Systems Inc., Hitachi Medical Systems, Carestream Health, Hologic Inc., Guerbet S.A., Bracco Imaging SpA, Lantheus Medical Imaging Inc., Esaote SpA, Mindray Medical International Limited, Neusoft Medical Systems Co. Ltd., Samsung Medison Co. Ltd., FUJIFILM Medical Systems Inc., Ziehm Imaging GmbH, Omega Medical Imaging Inc., Allengers Medical Systems Limited
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Which Region Is Expected To Lead The Angiography Equipment Market In The Next Few Years?
Europe was the largest region in the angiography equipment market share in 2024. The regions covered in the angiography equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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