Global Angiography Equipment Market – Analysis and Forecast (2018-2024)

Industry Insights by Product (Angiography Systems, Angiography Guidewires, Vascular Closure Devices, Angiography Catheters, Angiography Contrast Media, Angiography Balloons, and Angiography Accessories), by Technology (X-Ray Angiography (Image Intensifiers, and Flat-Panel Detectors), MR Angiography, CT Angiography, and Other Angiography Technologies), by Procedure (Neuroangiography, Coronary Angiography, Onco-Angiography, Endovascular Angiography, and Other Angiography Procedures), by Indication (Coronary Artery Disease, Congestive Heart Failure, Valvular Heart Disease, Congenital Heart Disease, and Other Indications), by Application (Diagnostics, and Therapeutics) and by End User (Hospitals & Clinics, Research Institutes, and Diagnostic & Imaging Centers)

Status : Upcoming
Report Code : VRHC1104
Available Format : PDF
Industry : Healthcare

Industry Overview

Angiography is a diagnostic procedure use of X-ray for the analysis of the condition of blood vessels, with the assistance of special dye. It is used in conditions such as peripheral arterial disease, angina, atherosclerosis, brain aneurysm, pulmonary aneurysm, and others. The global angiography equipment market is growing at a significant rate, due to expanding geriatric population and mounting occurrence of cardiovascular diseases.

A different product such as angiography systems, angiography guidewires, vascular closure devices, angiography catheters, angiography contrast media, angiography balloons, and angiography accessories contributed to the angiography equipment market size. The market has witnessed high demand for angiography systems in the coming years due to the mounting occurrence of coronary artery disease, technological advancement in angiography devices, and escalating instances of blockages in blood vessels in non-coronary diseases.

Market Segmentation

Insight by Product

On the basis of product, the market is subdivided into angiography systems, angiography guidewires, vascular closure devices, angiography catheters, angiography contrast media, angiography balloons, and angiography accessories. Of all products, angiography systems segment accounted the largest share in the market, due to the mounting occurrence of coronary artery disease, technological advancement in angiography devices, and escalating instances of blockages in blood vessels in non-coronary diseases. Moreover, the angiography catheters segment is expected to grow at the fastest rate in the market due to mounting demand for minimally invasive surgery and escalating importance of cardiac care.

Insight by Technology

On the basis of technology, the market is subdivided into X-ray angiography, MR angiography, CT angiography, and other angiography technologies. Of all the technologies, the X-ray angiography accounted foremost share in the angiography equipment market, due to an escalating inclination towards minimally invasive surgeries. The X-ray angiography is further subdivided into image intensifiers and flat-panel detectors.

Insight by Procedure

On the basis of the procedure, the market is subdivided into neuroangiography, coronary angiography, onco-angiography, endovascular angiography, and other angiography procedures. Among all procedures, the coronary angiography accounted the largest share in the angiography equipment market due to the mounting occurrence of cardiovascular diseases, expanding the geriatric population, technological advancement, and advantages of timely diagnosis and treatment of coronary diseases. Moreover, the neuroangiography segment is expected to grow at the fastest rate in the market due to expanding geriatric population and escalating number of patients suffering from neurovascular diseases.

Insight by Indication

The different indications of the market are coronary artery disease, congestive heart failure, valvular heart disease, congenital heart disease, and other indications.

Insight by Application

On the basis of application, the market is subdivided into diagnostics and therapeutics.

Insight by End User

On the basis of the end user, the market is subdivided into hospitals & clinics, research institutes, and diagnostic & imaging centers. Among all end users, the hospitals & clinics accounted the largest share and are expected to grow at fastest rate in the angiography equipment market due to a large pool of patient diagnosed and treated in hospitals, boosting alertness on disease diagnosis, and escalating number of therapeutic and diagnostic angiographic procedure.

Industry Dynamics

Industry Trends

3D and 4D advanced imaging and planning tools in angiography systems and mounting inclination towards decreasing radiation doses are the trends in the angiography equipment market.

Growth Drivers

Expanding the aging population, the mounting occurrence of cardiovascular diseases and cancer, intensifying acceptance of angiography devices, and escalating demand for minimally invasive surgeries are the primary growth drivers for angiography equipment market.

Technological advancement, escalating product approvals for advance angiography techniques, and mounting awareness programs, funding activities, and conferences are also facilitating the growth of the angiography equipment market.

Challenges

Limited reimbursement, escalating product recalls, and risk of radiation exposure are the major challenges for the growth of angiography equipment market.

Industry Ecosystem

Globally, the manufacturing companies trying to enter the angiography equipment market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, Europe is the largest angiography equipment market as in the region the occurrence of heart diseases and cancer are increasing. In addition, a mounting number of alertness programs, a huge number of ongoing research activities, escalating acceptance of angiography devices, and mounting government and public-private investments are also up surging growth of the European angiography equipment market.

Competitive Insight

Key players in the angiography equipment market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In June 2016, GE Healthcare partnered with Getinge to introduce angiography solution for the hybrid operating room. GE Healthcare, Shimadzu Corporation, Boston Scientific Corporation, Siemens AG, Medtronic Plc, Terumo Corporation, Abbott, Koninklijke Philips N.V., B. Braun Melsungen, Canon Medical Systems, and Angiodynamics are the key players offering angiography equipment.

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