The report also suggests, between 2023 and 2033, sales of Angiography Devices Market are anticipated to expand at a strong year-on-year growth rate of 6.2%. The global sales of angiography devices are predicted to reach a remarkable sum of about US$ 23,309.3 million by the end of 2033.
Angiography devices are becoming necessary tools for medical practitioners since they can view and diagnose a variety of cardiovascular diseases. Their uses are also broadening currently, ranging from the diagnosis of coronary artery disease to the direction of interventional operations like angioplasty and stent implantation.
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The growing requirement for accurate diagnoses, digital imaging technology, and improved treatment planning also fuels the demand for angiography equipment. Technological progress, which allows for more precision, better image quality, and increased patient safety, are also responsible for its growing adoption to some degree.
The overall market size is anticipated to increase in the coming days with the increased prevalence of cardiovascular illnesses and the aging population. The rising awareness of preventive healthcare practices and the necessity of early illness identification is also aiding the global market’s growth trajectory.
Key Takeaways from the Angiography Devices Market Study Report:
- The market for angiography devices is very prevalent in important areas of North America and Europe. In 2022, these two regions contributed almost 37.2% and 28.1% of the total revenue generated by the market globally.
- The United States is home to prominent medical device manufacturers with developed healthcare infrastructure and supportive government policies, which contribute to its higher market share. In 2022, this region alone created 34.1% of the global demand for angiography devices.
- Germany dominated the overall market in Europe and held a global market share of 8.2% by the end of 2022. Meanwhile, the market in the United Kingdom is forecasted to record a higher CAGR of 5.9% over the next ten years.
- The demand for angiography procedures and devices in Asia Pacific countries is developing strongly. China, for instance, is poised to witness a robust CAGR of 8.3% in sales of angiography devices during the forecast years.
Competitive Landscape for the Angiography Devices Market Players:
Abbott Vascular, Toshiba Medical Systems, Royal Philips Electronics, GE Healthcare, Medtronic, Cordis Corporation, Shimadzu, and Siemens Healthcare are some top players in this market.
The market competition is intensifying with ongoing technical innovation and an increasing field of application. Emerging market layers are eagerly targeting smaller end users to penetrate the market and scale their business.
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Recent Developments by the Angiography Devices Manufacturing Industries:
- According to Canon Medical Systems USA, Incorporation, its new Aplio i900 angiography system was released for sale in February 2023. It is a high-performance angiography system and is perfect for use in various clinical settings, including interventional radiology suites and vascular surgery departments.
- The new Siemens Healthineers Artis icono angiography system was released in March 2023. It is a small and portable angiography device, and its miniaturized features make it perfect for mobile cath laboratories and remote healthcare centers.
Key Segments Covered in the Angiography Devices Market Report:
Angiography Devices Market by Device:
- Magnetic Resonance Angiography (MRA) Devices
- Computed Tomography Angiography (CTA) Devices
- Conventional Angiography Devices
- Digital Subtraction Angiography (DSA) Devices
- Catheter Angiography Devices
- Coronary Angiography Devices
- Other Angiography Devices
Angiography Devices Market by Procedure:
- Coronary Angiography
- Pulmonary Angiography
- Cerebral Angiography
- Extremity Angiography
- Renal Angiography
Angiography Devices Market by Indication:
- Coronary Artery Disease (CAD)
- Congenital Heart Disease
- Congestive Heart Failure
- Kidney Disorders
- Other Indications
Angiography Devices Market by End User:
- Hospitals and Surgical Centres
- Diagnostics Centres
- Academic and Research Institutes
Angiography Devices Market by Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa Angiography Devices Market
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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