Key Developments and Trends Steering the Angiography Equipment Market Forward: Innovation Takes Center Stage Pioneering Angiography Equipment Enhancements Drive Market Evolution
Discover trends, market shifts, and competitive outlooks for the angiography equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#How Has The Angiography Equipment Market Size Shifted, And What Is the Outlook Through 2034?
In recent times, there has been significant expansion in the market size of angiography equipment. It is forecasted to escalate from a worth of $13.05 billion in 2024 to $13.94 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be credited to factors such as the increase in cardiovascular diseases, the introduction of minimally invasive procedures, an aging demographic, development in healthcare infrastructure, and advances in clinical research and development.
In the upcoming years, the angiography equipment market is predicted to witness significant expansion. The market value is projected to reach $19.29 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.5%. Factors contributing to this growth for the forecast period include the integration with hybrid operating rooms, emphasis on data security and privacy, the globalization of healthcare services, a focus on patient-centric care, and personalization in healthcare. Key trends for this period will be the global accessibility of healthcare, the rise of remote consultations and training, the implementation of value-based healthcare models, increased importance on data security and interoperability, and custom-designed solutions.
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How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Angiography Equipment Market?
The forecasted growth of the angiography equipment market is due to the increasing prevalence of cardiovascular diseases. The Cardiovascular disease (CVD) system, which uses X-ray imaging to identify blocked or narrowed heart blood vessels, plays a critical role in this market. For instance, PCRonline, a French platform specializing in cardiovascular education, reported in September 2023 that nearly 620 million individuals worldwide suffer from heart and circulatory diseases. With about 60 million fresh cases identified each year, the magnitude of the global impact of cardiovascular conditions is considerable. Consequently, the angiography equipment market is set to expand further as the incidence of cardiovascular diseases continues to escalate.
Which Segments in the Angiography Equipment Offer the Most Growth?
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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What Are the Fastest-Growing Geographies in 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.
What Are the Current Market Growth and Trends in the Angiography Equipment Industry?
A significant trend in the angiography equipment market is the innovation in product technology. Major players in the market are striving to develop cutting-edge solutions to secure their market dominance. For example, in June 2022, Shimadzu Medical Systems, a renowned US-based manufacturer specializing in high-end imaging systems, introduced their latest angiography system named Trinias. This systems leverages deep learning technology powered by artificial intelligence and operates on X-ray doses that are 40% less than the conventional models. It is the first of its kind to incorporate AI in an angiography system’s image-processing engine. Furthermore, the new Trinias system boasts an impressive array of new features to enhance workflow, thereby increasing productivity in any healthcare setting.
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What Are the Key Elements That Define the Angiography Equipment Market?
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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