Key Trends and Insights into the Angiography Equipment Market: Growth Rate and Opportunities to 2034
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How has the angiography equipment market size evolved in recent years?
In the past few years, there has been a robust expansion in the size of the angiography equipment market. The market, which is projected to escalate from $13.05 billion in 2024 to $13.94 billion in 2025, is expected to grow at a compound annual growth rate (CAGR) of 6.8%. Factors such as an increase in heart-related diseases, the advent of minimally invasive operations, an aging population, the progression of healthcare infrastructure, as well as advances in clinical research and development, have all contributed to the growth in the earlier period.
What are the predictions for the angiography equipment market size in the coming years?
The market size for angiography equipment is anticipated to witness a substantial expansion in the upcoming years, increasing to $19.29 billion in 2029 with an 8.5% compound annual growth rate (CAGR). The predicted expansion during the forecast period can be credited to factors such as association with hybrid ORs, data protection and privacy, globalisation of healthcare services, focus on patient-oriented care and personalised healthcare. Major factors likely to influence the trend during the forecast period include global access to healthcare, remote consultations and training, value-based healthcare models, safeguarding of data and interoperability, as well as customization and specific solutions.
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What key factors are fueling the growth of the angiography equipment market?
The angiography equipment market is forecasted to grow due to the escalating prevalence of cardiovascular diseases. This technology, known as a Cardiovascular disease (CVD) system, facilitates the identification of narrowed or blocked heart blood vessels through the use of X-ray images. As an illustration, a report convened by PCRonline, a French platform focused on cardiovascular education, stated that by September 2023, an estimated 620 million people worldwide will be affected by heart and circulatory disorders. With 60 million new diagnoses annually, the global impact of these cardiovascular disorders is immense. Consequently, the angiography equipment market is expected to expand in accordance with the surging occurrence of these diseases.
How is the global angiography equipment market divided into key segments?
The angiography equipment market 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
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Who are the key firms paving the way for growth 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
Which trends are expected to transform the angiography equipment market?
The trend toward product innovation within the angiography equipment market has been predominant recently. Leading firms in this field have focused on crafting novel, creative solutions to bolster their market position. An example of this innovation can be seen in Shimadzu Medical Systems’, a US-based advanced imaging systems manufacturer, launching the new Trinias angiography system back in June 2022. This system takes advantage of artificial intelligence (AI) deep learning technology and uses X-ray doses that are 40% less than earlier models. This represents the first time an angiography system’s image-processing engine has utilized AI. Alongside this, the Trinias system also introduces a host of new features designed to smooth clinical workflow, facilitating more efficient operations within any medical establishment.
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What regions are contributing significantly to the growth of the angiography equipment market?
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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