The global angiography devices market is on a significant growth trajectory, driven by advancements in medical technology and an increasing prevalence of cardiovascular diseases. According to recent projections, the market is expected to reach a valuation of USD 12,717.9 million by the end of 2023, with a robust year-on-year growth rate of 6.2%. This momentum is set to continue, with forecasts predicting the market will soar to an impressive USD 23,309.3 million by 2033.
Angiography devices have become indispensable in the field of modern medicine, playing a crucial role in the diagnosis and treatment of cardiovascular conditions. These advanced devices allow healthcare professionals to visualize and evaluate the cardiovascular system, providing essential insights into conditions such as coronary artery disease. Additionally, angiography devices are integral in guiding complex interventional procedures, including angioplasty and stent implantation, thereby improving patient outcomes and enhancing the precision of treatments.
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The increasing adoption of angiography devices is attributed to their ability to provide detailed imaging and real-time data, facilitating better clinical decision-making. As cardiovascular diseases continue to be a leading cause of mortality globally, the demand for these devices is expected to rise, further fueling market growth.
The future of the angiography devices market looks promising, with continuous innovations and technological advancements paving the way for more efficient and accurate diagnostic tools. As the healthcare industry evolves, the role of angiography devices in improving patient care and outcomes will only become more critical.
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.
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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.
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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