Angiography Devices Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2032 | Says FMI Analyst
The Global Angiography
Devices Market is anticipated to be worth US$ 12,116.7 million in 2022. The rising spectrum of application
and technological innovation is expected to be the key development drivers for
the market. Overall angiography device
revenue is expected to expand at a 6.2%
CAGR between 2022 and 2032, reaching roughly US$ 22,112 million by the end of 2032.Angiography Devices
Angiography is an imaging procedure that provides visualization
of the blood vessel to detect narrow, blocked, enlarged arteries or veins in the
body. Local or general anesthesia has been given to the patient during the angiography procedure. This procedure uses various imaging technologies such
as Magnetic Resonance Imaging, Computed Tomography, X-ray, and others. The
superior quality of angiography imaging over conventional techniques is
increasing the adoption of angiography devices, especially for heart-related
disorders.
The MRI and
CT angiography devices would be the most prominent products in this market
owing to its efficacy, minimal side effects, and short duration in terms of
outcome. Commercialization of high end imaging technologies and increasing
affordability of patients has increased the scope of hybrid angiography
devices, in the developed regions. The demand for angiography devices in developing
regions would get reduced owing to its relatively saturated market situation.
This market would be further driven by the replacement of old devices
Angiography devises Market:
Overview
By device,
the angiography
device market was dominated by more advanced technologies such as MRI and
CT, owing to their high efficiency over conventional technologies. Recently
launched, Real-time 3D echocardiography by Siemens Healthcare is one of the key
development in angiography devices market, which is used to diagnose various
heart and coronary conditions. By procedure, coronary angiography and pulmonary
angiography are the dominating procedure, owing to its high prevalence. By
end-users, hospitals and surgical centers hold promising share, followed by
diagnostic centers. This is due to premium pricing of angiography devices,
which is unaffordable for the medium scale diagnostic centers. By disease
indication, Coronary Artery Disease (CAD) is the leading segment due to its
high incidence and absence of alternative diagnostic technique.
Angiography Devices Market:
Drivers and Restraints
Increasing
CVD incidences, growing number of geriatric population, dysfunctional
lifestyle, growing demand for sophistication diagnostic procedures are driving
the growth of angiography devices market, globally. Also, the rising awareness
for cardiovascular disease diagnosis and treatment, favorable government
regulation to commercialize angiography devices are the additional factors
fueling the growth of angiography devices market. However, the high cost
angiography devices, lack of reimbursement, and unaffordability across emerging
economies are some of the factors impeding the market growth. However, the
companies operating in this market are actively focusing on the
commercialization of low cost system to grab the highest market share in
emerging economies.
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Angiography Devices Market: Key
Players
Leading players operating in angiography devices includes,
Shimadzu Corporation, Royal Philips Electronics, Siemens Healthcare, GE
Healthcare, Toshiba Medical System Corporation, Shimadzu Corporation, St. Jude
Medical, Inc., Toshiba Medical Systems Corporation, Cordis Corporation,
Medtronic, Inc., and Abbott Vascular (Abbott Laboratories). Companies operating
in this market are seeking novel products to gain core competencies in the
market. These companies are also conducting collaborative studies with clinical
research institutes to sustain their market position.
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