What Are The 5 Takeaways From The Angio Suites Market Overview 2024
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The angio suites market size has experienced strong growth in recent years, projected to expand from $1.66 billion in 2023 to $1.78 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.2%. This growth during the historical period can be attributed to various factors, including the rising incidence of cardiovascular diseases, an increase in outpatient surgical procedures, higher healthcare expenditure, improved patient outcomes, and a shift towards minimally invasive procedures. Looking ahead, the angio suites market size is expected to continue its robust growth, reaching $2.36 billion in 2028 at a CAGR of 7.3%. Contributing factors to this forecasted growth include a growing elderly population, expansion of outpatient and ambulatory surgery, increased prevalence of chronic diseases, enhanced focus on early diagnosis, and rising health awareness. Major trends anticipated in the forecast period encompass technological advancements, the rise of minimally invasive procedures, integration with electronic health records, the development of advanced imaging systems, and the incorporation of robotic-assisted technologies.
The rise in cardiovascular disease is projected to significantly drive the growth of the angio suites market in the upcoming years. Cardiovascular disease includes a range of conditions that affect the heart and blood vessels, such as coronary artery disease, heart attacks, strokes, and hypertension. Contributing factors include sedentary lifestyles, poor dietary choices, and high rates of obesity. Angio suites offer advanced imaging and interventional capabilities, facilitating precise diagnosis and treatment of complex cardiovascular conditions through real-time visualization and minimally invasive procedures. For instance, in January 2024, the American Heart Association, a nonprofit organization in the U.S., reported that deaths caused by cardiovascular diseases reached 931,578, an increase of fewer than 3,000 fatalities compared to 928,741 in 2023. Moreover, the age-adjusted death rate from cardiovascular disease also saw a slight increase, reaching 233.3 per 100,000, which marks a 4.0% rise from the previous year’s rate of 224.4 per 100,000. Therefore, the rising incidence of cardiovascular disease is expected to drive growth in the angio suites market.
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What Are The Key Trends That Influence Angio Suites Market Share Analysis?
Major companies in the angio suites market are incorporating advanced imaging technologies, such as the biplane angiography system, to improve diagnostic accuracy, enhance procedural efficiency, and provide comprehensive visualization for complex vascular interventions. The biplane angiography system is an advanced imaging technology that simultaneously captures two perpendicular X-ray images of the vascular system, providing detailed, real-time visualization to aid in complex interventional procedures and enhance diagnostic accuracy. For example, in June 2022, Siemens Healthineers, a Germany-based medical technology provider specializing in imaging, diagnostics, and advanced therapies, launched the ARTIS icono, a biplane angiography system designed for comprehensive diagnostic imaging and interventional treatments. It supports various procedures, including neuro-angiography, general and cardiac angiography, and interventional radiology, accommodating both obese and pediatric patients. The system integrates X-ray, image fusion, and navigation technologies, making it suitable for image-guided surgeries in the operating room.
Which Market Players Are Driving Growth In The Angio Suites Market?
Major companies operating in the angio suites market are Medtronic Plc, FUJIFILM Holdings Corporation, Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare, Boston Scientific Corporation, B. Braun Melsungen AG, Hologic Inc., Mindray Medical International Limited, Agfa-Gevaert Group, Shimadzu Corporation, Canon Medical Systems Inc., Cook Medical LLC, Carl Zeiss AG, Elekta AB (publ), Planmeca Oy, Carestream Health Inc., Guerbet Group, 3D Systems Inc., Ziehm Imaging GmbH, Surgical Science Sweden AB, IMRIS Inc., Allengers Medical Systems Limited, Lam Vascular and Associates Inc., NeuroLogica Corporation
How Is The Global Angio Suites Market Segmented?
The angio suites market covered in this report is segmented –
1) By Type: Single-Plane, Bi-Plane
2) By Technology: X-ray Angiography, Computed Tomography (CT) Angiography, Magnetic Resonance Angiography (MRA), Other Technologies
3) By Application: Cardiac Angiography, Neurology Angiography, Oncology Angiography, Peripheral Vascular Angiography, Other Applications
4) By End-User: Hospitals, Ambulatory Surgical Centers, Diagnostic Imaging Centers, Other End-Users
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The Angio Suites Global Market Report 2024 provides an overview of the angio suitesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The angio suites market forecast analyzes angio suites market size, angio suites market share, leading competitor and their market positions.
The Table Of Content For The Angio Suites Market Include
1. Angio Suites Market Executive Summary
2. Angio Suites Market Segments
3. Angio Suites Market Size And Template Market Growth Rate
4. Key Angio Suites Market Trends
5. Major Angio Suites Market Drivers
……
25. Key Mergers And Acquisitions In The Angio Suites Market
26. Top Angio Suites Companies
27. Angio Suites Market Opportunities And Strategies
28. Angio Suites Market, Conclusions And Recommendations
29. Appendix
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