Angiography Devices Market Regional Share, Global Size, Trends, and Forecast by 2031

The Angiography Devices Market is expected to register a CAGR of 5.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX million by 2031.

The report is segmented by Angiography Devices Market By Product (Angiographic Systems and Consumables), Technology [Magnetic Resonance Angiography (MRA), Computed Tomography (CT), X-Ray, and Other Technologies)], Procedure (Coronary Angiography, Micro-angiography, Non-coronary Angiography, and Others), Application (Diagnostic and Therapeutic), Indication (Congenital Heart Disease, Congestive Heart Failure, Valvular Heart Disease, Known & Suspected Coronary Artery Disease (CAD), and Others), End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, and Academic Research Laboratories), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Angiography Devices Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

• Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
• Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
• Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Angiography Devices Market Segmentation

Product

• Angiographic Systems and Consumables

Technology [Magnetic Resonance Angiography

• MRA
• Computed Tomography

Procedure

• Coronary Angiography
• Micro-angiography
• Non-coronary Angiography
• Others

Application

• Diagnostic and Therapeutic

Application

• Diagnostic and Therapeutic

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Angiography Devices Market Growth Drivers

• Increasing Scope of Applications: Angiography devices is used to check the health of blood vessels and how blood flows through them. It can help to diagnose or investigate several problems affecting blood vessels, including: atherosclerosis – narrowing of the arteries. It helps to perform complex and delicate minimally invasive surgical interventions.
• Rising Cases of Heart Attacks: Increase in prevalence if heart attacks is likely drive the growth of market. According to the Centers for Disease Control and Prevention (CDC) , approximately every 40 seconds an American will have a heart attack. Every year, 805,000 Americans have a heart attack, 605,000 of them for the first time. About 12% of people who have a heart attack will die from it.
• Rising Geriatric Population: The population aged 60 years and over was estimated to be 1 billion in 2020. By 2050, the world's population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million.

Angiography Devices Market Future Trends

• Rising prevalence of cardiovascular diseases: The annual number of deaths from Cardiovascular Disease (CVD) in India has risen from 2.26 million (1990) to 4.77 million in 2020. Coronary heart disease prevalence rates in India have been estimated over the past several decades and have ranged from 1.6% to 7.4% in rural populations and from 1% to 13.2% in urban populations as of 2023.
• Technological Developments: Computer tomography (CT) angiography is an innovative technology and is used as an alternative to stress tests. CT coronary angiography is a non-invasive diagnostic test that can determine the presence, amount, and severity of atherosclerotic plaque in the heart's arteries. The essential equipment needed for conventional angiography include: Set of catheters and guide wires.
• Artificial Intelligence in Coronary CT Angiography: Coronary heart disease (CHD) is the leading cause of mortality in the world. Early detection and treatment of CHD are crucial. Currently, coronary CT angiography (CCTA) has been the prior choice for CHD screening and diagnosis, but it cannot meet the clinical needs in terms of examination quality and accuracy of reporting, and the accuracy of prognosis analysis. In recent years, artificial intelligence (AI) has developed rapidly in the field of medicine; it played a key role in auxiliary diagnosis, disease mechanism analysis, and prognosis assessment, including a series of studies related to CHD.

Angiography Devices Market Opportunities

• Angiography-derived FFR being a promising technology: Angiography-derived FFR has emerged as a promising technology in the field of interventional cardiology. With advancements in software algorithms and image processing techniques, significant progress has been made in improving the accuracy and reproducibility of FFR measurements derived from angiographic images.
• Replacing Traditional Imaging Devices: Angiography has many advantages as it achieves real-time, dynamic imaging using a traditional imaging device such as x-rays or computed tomography (CT), and it also offers therapeutic options at the time of initial diagnosis. Advancements in imaging technology in the last three decades have expanded the scope of angiography to include non-invasive techniques using CT and magnetic resonance imaging technologies.
• Innovative Product Launched by Companies: In April 2022, Shimadzu Corporation commenced worldwide sales of its flagship Trinias angiography system. The new Trinias system uses AI deep learning technology to improve the visibility of medical devices while using 40% or more lower X-ray dose of previous models. This implementation of AI into the image processing engine of an angiography system has been a revolutionary landmark for the company.

Angiography Devices Market Regional Insights

The regional trends and factors influencing the Angiography Devices Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Angiography Devices Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Angiography Devices Market Report Scope

Angiography Devices Market Players Density: Understanding Its Impact on Business Dynamics

The Angiography Devices Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Angiography Devices Market are:

1. Siemens AG
2. Cardinal Health Inc.
3. Koninklijke Philips NV
4. Canon Medical Systems Corporation
5. GENERAL ELECTRIC COMPANY

Disclaimer: The companies listed above are not ranked in any particular order.

Key Selling Points

• Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Angiography Devices Market, providing a holistic landscape.
• Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
• Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
• Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Angiography Devices Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.