Future Outlook of the Angiography Equipment Market: Growth, Trends, and Emerging Opportunities Explored
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What is the Expected Growth Rate of the Angiography Equipment Market Based on Industry Projections?
The angiography equipment market size has grown strongly in recent years. It will grow from $13.05 billion in 2024 to $13.94 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rising cardiovascular diseases, minimally invasive procedures, aging population, healthcare infrastructure development, clinical research and development.
The angiography equipment market size is expected to see strong growth in the next few years. It will grow to $19.29 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to integration with hybrid ORs, data security and privacy, globalization of healthcare services, patient-centric care, personalized healthcare. Major trends in the forecast period include global healthcare accessibility, remote consultation and training, value-based healthcare models, data security and interoperability, customization and tailored solutions.
Which Macro and Microeconomic Factors Are Accelerating the Growth of the angiography equipment Market?
The rising frequency of cardiovascular illnesses is expected to drive the angiography equipment market. Cardiovascular disease (CVD) system uses X-ray pictures to detect cardiac blood arteries that are obstructed or constricted. For instance, in September 2023, according to the report by PCRonline, a France-based platform for cardiovascular education, approximately 620 million people globally are living with heart and circulatory diseases. Each year, around 60 million new cases are diagnosed, highlighting the significant global burden of cardiovascular conditions. Therefore, the rising frequency of cardiovascular illnesses will continue to drive the growth of the angiography equipment market.
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What Companies Are At the Forefront of Innovation in the Angiography Equipment Market?
Major companies operating in the angiography equipment market are:
• GE HealthCare Technologies Inc._x000D_
• Koninklijke Philips N.V._x000D_
• Siemens Healthineers AG_x000D_
• Canon Corporation_x000D_
• Boston Scientific Corporation_x000D_
How Are Emerging Trends in Consumer Behavior Affecting the Angiography Equipment Market?
Product innovation in angiography equipment is a key trend in the angiography equipment market. Major companies operating in the angiography equipment market are focused on developing new innovative solutions to strengthen their position in the market. For instance, in June 2022, Shimadzu Medical Systems, a US-based manufacturer of advanced imaging systems, launched a new angiography system called Trinias angiography system. It uses artificial intelligence (AI) deep learning technology while using 40% or lower X-ray doses than previous models. The image-processing engine of an angiography system has never before used AI; hence this is a first. Additionally, the new Trinias system delivers a sizable new feature set to streamline workflow, enabling a more productive clinical operation in any medical facility.
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Which Segments Play a Crucial Role in the Expansion of the Angiography Equipment Market?
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
What Regions Are Propelling Growth in the Angiography Equipment Industry?
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.
How Is the Angiography Equipment Market Categorized and Defined in the Industry?
The angiography equipment examines blood vessels as well as to view a person’s internal organs. The process involves injecting a radio-opaque contrast agent into the bloodstream of the patient and creating the image using X-ray-based methods.
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