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What Is the Forecast for the Angiography Equipment Market from 2024 to 2025?

The market for angiography equipment has experienced robust growth in the past few years. With a projected expansion from $13.05 billion in 2024 to $13.94 billion in 2025, it carries a compound annual growth rate (CAGR) of 6.8%. Its past performance growth is associated with several factors, including an increase in heart diseases, the adoption of minimal invasive procedures, an aging population, advancements in healthcare infrastructure, and progress in clinical research and development.

What Is the Projected Market Size of the Angiography Equipment Market?

Expectations are high for significant expansion in the angiography equipment market in the upcoming years. The market is predicted to increase to a worth of $19.29 billion by 2029, experiencing a compound annual growth rate (CAGR) of 8.5%. This anticipated growth during the forecast period can be ascribed to factors such as the incorporation with hybrid ORs, privacy and security of data, globalization in healthcare services, an emphasis on patient-centred care, as well as personalized healthcare. Notable trends predicted to emerge in the forecast period consist of improved access to global healthcare, the rise of remote consultations and training, the introduction of value-based healthcare models, enhanced data security and interoperability, as well as the development of customized and tailored solutions.

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Who are the Major Competitors in the Angiography Equipment Market Outlook?

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

What Is Fueling Growth in the Angiography Equipment Market?

The increasing prevalence of cardiovascular diseases is anticipated to propel the angiography equipment market. The System for Cardiovascular Disease (CVD) utilizes x-ray images to identify blocked or constricted cardiac blood vessels. For example, a report by PCRonline, a French platform dedicated to cardiovascular education, stated in September 2023 that close to 620 million people around the world are suffering from heart and circulatory diseases. Every year, about 60 million new instances are discovered, underscoring the substantial worldwide impact of cardiovascular disorders. Consequently, the escalating prevalence of cardiovascular diseases is anticipated to persistently stimulate the expansion of the angiography equipment market.

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Which Angiography Equipment Market Segments Are Growing the Fastest?

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

Which Industry Trends Are Shaping the Future of the Angiography Equipment Market?

The emergence of product innovation, particularly in the angiography equipment market, is a significant trend. Big companies that are active in this market are concentrating on the production of innovative solutions to solidify their market position. For example, in June 2022, Shimadzu Medical Systems, an American advanced imaging systems manufacturer, introduced a new angiography system named the Trinias angiography system. This system deploys AI deep learning technology and operates on 40% or less X-ray doses than the previous versions, a feat not previously accomplished in the image-processing engines of angiography systems. The new Trinias system also advances workflow with a substantial new feature offering, promoting increased efficiency within any healthcare establishment.

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Which Countries Are Leading 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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This Report Delivers Insight On:

1. How big is the angiography equipment market, and how is it changing globally?

2. Who are the major companies in the angiography equipment market, and how are they performing?

3. What are the key opportunities and risks in the angiography equipment market right now?

4. Which products or customer segments are growing the most in the angiography equipment market?

5. What factors are helping or slowing down the growth of the angiography equipment market?

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