The global angiography devices market is poised for substantial growth, with projections indicating a valuation of US$ 12,717.9 million by the end of 2023, representing a robust year-on-year growth rate of 6.2%. Anticipated to soar even further, global sales of angiography devices are forecasted to reach an impressive US$ 23,309.3 million by 2033.
Angiography devices have evolved into indispensable tools for medical practitioners, facilitating the viewing and diagnosis of a diverse range of cardiovascular diseases. From diagnosing coronary artery disease to guiding interventional procedures like angioplasty and stent implantation, their applications continue to broaden.
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The escalating demand for precise diagnoses, coupled with advancements in digital imaging technology and treatment planning, is driving the market’s growth. Technological advancements have enhanced precision, image quality, and patient safety, further accelerating the adoption of angiography equipment.
Factors such as the increasing prevalence of cardiovascular ailments and an aging population contribute to the expanding market size. Additionally, the growing awareness of preventive healthcare practices and the importance of early disease detection are propelling the global market’s growth trajectory.
“FMI remains committed to advancing healthcare through innovative solutions,” said FMI. “As the global angiography devices market continues to surge, we are dedicated to meeting the evolving needs of healthcare professionals and patients worldwide.”
With a focus on innovation and customer-centric solutions, FMI is well-positioned to capitalize on the burgeoning opportunities within the angiography devices market, contributing to enhanced healthcare outcomes globally.
Key Takeaways from the Angiography Devices Industry 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 Industry Players:
- Abbott Vascular (Abbott Laboratories)
- Toshiba Medical Systems Corporation
- Royal Philips Electronics
- GE Healthcare
- Medtronic
- Cordis Corporation
- Shimadzu Corporation
- Siemens Healthcare.
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 Industry Report:
Angiography Devices Industry 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 Industry by Procedure:
- Coronary Angiography
- Pulmonary Angiography
- Cerebral Angiography
- Extremity Angiography
- Renal Angiography
Angiography Devices Industry by Indication:
- Coronary Artery Disease (CAD)
- Congenital Heart Disease
- Congestive Heart Failure
- Kidney Disorders
- Other Indications
Angiography Devices Industry by End User:
- Hospitals and Surgical Centres
- Diagnostics Centres
- Academic and Research Institutes
Angiography Devices Industry by Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa Angiography Devices Industry
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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