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Angiography Devices Market By Product (Angiography Systems, Consumables), By Technology (X-Ray Angiography, Magnetic Resonance (MR) Angiography, Computed Tomography (CT) Angiography), By Procedure (Endovascular Angiography, Coronary Angiography, Neurovascular Angiography), By End-User (Hospitals, Specialty Clinics, Emergency Centers and Diagnostic Centers) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

The global angiography devices market was worth $9,496.6 million in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% between 2018 and 2026. The angiography devices market is expected to expand during the forecast period as a result of recent rapid technological advancements in angiography systems with improved diagnostic and therapeutic capabilities.

For instance, the newer generation angiography systems offered by technology giants such as Siemens, Philips Healthcare, GE Healthcare, Canon, and Shimadzu offer a lower X-ray dose while maintaining image quality. This has been made possible by using a combination of new X-ray tubes, sensitive detectors, the latest image reconstruction software, and better image-guided facilities.

Moreover, an emphasis on research and development and a supportive scenario for a new company emphasizing breakthrough solutions will drive the market. The National Institutes of Health (NIH) awarded SentiAR a $2.2 million grant in 2018 to advance augmented reality images for improved visualization in cardiac procedures and interventional surgeries.

Another significant factor driving the angiography devices market is the continuous rise in cardiovascular diseases (CVD), particularly coronary heart diseases, in middle-aged and geriatric populations. CVD is responsible for the highest number of deaths worldwide, accounting for 17.9 million of the overall 31% of deaths across the globe, as stated by the World Health Organization (WHO).

Low- and middle-income countries account for more than 75% of CVD deaths. Thus, emerging economies, especially those in Asia Pacific and Latin America, exhibit a lucrative market for angiography devices due to their high target population and growing awareness and diagnostic facilities in the region.

Market Synopsis

Consumables accounted for the largest share by product type.

In 2017, consumables held the largest share in the global angiography devices market in terms of product. The consumables segment is further segmented into catheters, balloons, guidewires, contrast media, vascular closure devices, and angiography accessories. The market is driven by the constant demand for consumables as they are disposable and required in every angiogram procedure. Catheters held the largest market share in the consumable segment.

Angiography systems will grow at a steady rate due to technological development and the demand for new imaging facilities in developing nations. On the basis of procedures, coronary angiography held the largest share in 2017. The growing prevalence of coronary heart disease globally is the prime reason for the growth of the market. Angiography is the primary examination for detecting arterial blockages, and the non-invasive nature of the procedure makes it highly advisable.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The angiography devices market report furnishes quantitative analysis along with its latest market trends. The market is segmented based on product type, technology, procedure, end-user, and geography.

The angiography devices market is studied to understand the current and future trends and dynamics. The study scope includes market size and forecasts for all considered segments studied in the report for the period from 2016 to 2026, along with a compound annual growth rate (CAGR) for the forecast period from 2018 to 2026, with 2017 being considered the base year.

The key players currently engaged in the angiography devices market include Siemens Healthcare, GE Healthcare, Philips Healthcare, Canon Medical Systems, Shimadzu Corporation, Abbott, Medtronic, Plc., Boston Scientific Corporation, ANGIODYNAMICS, Cardinal Health, B. Braun Melsungen AG, among others.

Key questions are answered in this report.

  • How will the global angiography devices market perform during the forecast period from 2018 to 2026?
  • What are the latest trends in the angiography devices market and the most valuable opportunities for key players?
  • Who are the leading players in the global angiography devices market?
  • Which region leads and grows the most in the global angiography devices market?
  • What are the drivers and restraints governing the global market for angiography devices?

Frequently Asked Question:

The market for Angiography Devices Market is expected to reach USD$ 9,496.6 Mn in 2026.

The Angiography Devices Market is expected to see significant CAGR growth over the coming years, at 5.7%.

The report is forecasted from 2018 -2026.

The base year of this report is 2017.

GE Healthcare, Philips Healthcare, Canon Medical Systems, Shimadzu Corporation, Abbott, Medtronic, Plc., Boston Scientific Corporation, ANGIODYNAMICS, Cardinal Health, B. Braun Melsungen AG. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Mar 2019
Category:  Medical Devices
Report ID:   59621
Report Format:   PDF
Pages:   120
Rating:    4.1 (69)
Delivery Time: 24 Hours to 48 Hours   
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