The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s angiography equipment market report forecasts the angiography equipment market size to grow to $16.37 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

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Angiography Equipment Market Size Forecast
The global angiography equipment market is expected to grow from $11.64 billion in 2022 to $12.59 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The angiography equipment market size is expected to reach $16.37 billion in 2027 at a CAGR of 6.8%.

Europe held the largest angiography equipment market share.

Key Angiography Equipment Market Driver ­– Rise In Frequency Of Cardiovascular Illnesses
For instance, according to a 2021 report World Health Organization (WHO), a Switzerland-based specialized agency responsible for international public health, an estimated 17.9 million people died from cardiovascular illnesses, representing 32% of all global deaths. Of these deaths, 85% were due to heart attack and stroke. Therefore, the rising frequency of cardiovascular illnesses will continue to drive the growth of the angiography equipment market.

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Key Angiography Equipment Market Trend – Product Innovation In Angiography Equipment
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 TriniasTM 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.

Angiography Equipment Market Segment
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
4) By End User: Hospitals And Clinics, Diagnostic And Imaging Centers, Research Institutes

Angiography Equipment Market Major Players and Strategies
Major players in the angiography equipment market are GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, Canon Corporation, Boston Scientific Corporation, Cordis Corporation, Shimadzu Corporation, Medtronic PLC., Angiodynamics, B. Braun Melsungen, Abbott Laboratories, amount Terumo Corporation.

In April 2021, Siemens Healthineers AG, a Germany-based medical device company, acquired Varian Medical Systems Inc. for an undisclosed amount. This acquisition aimed to address the growing need for data-driven personalized diagnosis and cancer care to fight back against increasing cancer rates globally. Varian Medical Systems Inc. is a UK-based medical device company.

The Angiography Equipment Global Market Report 2023 covers regional data on angiography equipment market size, angiography equipment market trends and drivers, opportunities, strategies, and angiography equipment market competitor analysis. The countries covered in the angiography equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The angiogram equipment examine 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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