Angiography Equipment Market Size, Share, Industry Trends and Forecast to 2030

Angiography Equipment Market Size & CAGR

The global Angiography Equipment market size was valued at USD 10.5 billion in 2023. It is expected to reach USD 15.8 billion by 2029, growing at a CAGR of 6.5% during the forecast period from 2023 to 2030. The market growth can be attributed to the increasing prevalence of cardiovascular diseases, technological advancements in angiography equipment, and rising demand for minimally invasive procedures.

COVID-19 Impact on the Angiography Equipment Market

The COVID-19 pandemic had a significant impact on the Angiography Equipment market. The healthcare sector witnessed disruptions in routine medical procedures due to lockdowns and restrictions imposed to curb the spread of the virus. As a result, the demand for angiography equipment declined in 2020. However, with the gradual easing of restrictions and the resumption of elective procedures, the market started to recover in 2021. The pandemic also highlighted the importance of advanced medical imaging technologies in diagnosing and treating cardiovascular diseases, driving the adoption of angiography equipment.

Angiography Equipment Market Dynamics

Drivers:

1. Increasing prevalence of cardiovascular diseases 2. Technological advancements in angiography equipment 3. Rising demand for minimally invasive procedures 4. Growing geriatric population

Restraints:

1. High cost of angiography equipment 2. Lack of skilled professionals to operate advanced angiography systems 3. Stringent regulatory requirements for medical devices

Opportunities:

1. Emerging markets in Asia-Pacific and Latin America 2. Development of next-generation angiography systems 3. Increasing adoption of hybrid angiography systems

Segments and Related Analysis of the Angiography Equipment market

Angiography Equipment Market by Product Type:

1. Angiography Systems 2. Catheters 3. Balloons 4. Stents 5. Contrast Media 6. Other Accessories

Angiography Equipment Market by Technology:

1. X-ray Angiography 2. Magnetic Resonance Angiography 3. Computed Tomography Angiography 4. Other Technologies

Angiography Equipment Market by Application:

1. Diagnostic Angiography 2. Therapeutic Angiography

Angiography Equipment Market by End-User:

1. Hospitals 2. Diagnostic Centers 3. Ambulatory Surgical Centers 4. Other End-Users

Angiography Equipment Market Analysis Report by Region

Asia Pacific Angiography Equipment Market Report

The Asia Pacific region is expected to witness significant growth in the Angiography Equipment market due to the increasing prevalence of cardiovascular diseases, rising healthcare expenditure, and the adoption of advanced medical imaging technologies. Countries like China, India, and Japan are likely to drive market growth in the region.

South America Angiography Equipment Market Report

The Angiography Equipment market in South America is projected to grow steadily, driven by improving healthcare infrastructure, growing awareness about cardiovascular diseases, and increasing government initiatives to enhance healthcare services. Brazil and Mexico are anticipated to be key markets for angiography equipment in the region.

North America Angiography Equipment Market Report

North America is expected to dominate the Angiography Equipment market, owing to the presence of major market players, advanced healthcare facilities, and high healthcare expenditure. The United States and Canada are likely to lead market growth in the region.

Europe Angiography Equipment Market Report

Europe is projected to witness steady growth in the Angiography Equipment market, driven by increasing healthcare investments, technological advancements in medical imaging, and a growing geriatric population. Countries like Germany, France, and the United Kingdom are expected to contribute significantly to market growth.

Middle East and Africa Angiography Equipment Market Report

The Angiography Equipment market in the Middle East and Africa region is expected to grow steadily, supported by improving healthcare infrastructure, rising prevalence of chronic diseases, and increasing government initiatives to enhance healthcare services. Countries like Saudi Arabia, UAE, and South Africa are likely to drive market growth in the region.

Angiography Equipment Market Analysis Report by Technology

The Angiography Equipment market can be segmented based on technology into X-ray Angiography, Magnetic Resonance Angiography, Computed Tomography Angiography, and other technologies. X-ray Angiography is expected to hold a significant market share due to its widespread adoption in cardiovascular imaging procedures.

Angiography Equipment Market Analysis Report by Product

The Angiography Equipment market by product type includes Angiography Systems, Catheters, Balloons, Stents, Contrast Media, and other accessories. Angiography Systems are anticipated to dominate the market due to their essential role in diagnostic and therapeutic angiography procedures.

Angiography Equipment Market Analysis Report by Application

The Angiography Equipment market by application can be categorized into Diagnostic Angiography and Therapeutic Angiography. Diagnostic Angiography is expected to hold a significant market share, driven by the increasing demand for accurate and timely diagnosis of cardiovascular diseases.

Angiography Equipment Market Analysis Report by End-User

The Angiography Equipment market by end-user includes Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, and other end-users. Hospitals are anticipated to be the largest end-users of angiography equipment, attributed to the high volume of angiography procedures performed in hospital settings.

Key Growth Drivers and Key Market Players of Angiography Equipment Market and Competitive Landscape

Key Growth Drivers: 1. Rising prevalence of cardiovascular diseases 2. Technological advancements in angiography equipment 3. Increasing adoption of minimally invasive procedures 4. Growing geriatric population

Key Market Players: - Siemens Healthineers - GE Healthcare - Philips Healthcare - Canon Medical Systems - Shimadzu Corporation - Boston Scientific Corporation - Medtronic - Abbott Laboratories - Terumo Corporation - B. Braun Melsungen AG

Angiography Equipment Market Trends and Future Forecast

The Angiography Equipment market is witnessing several trends that are likely to shape its future growth. These trends include the increasing adoption of hybrid angiography systems, development of next-generation angiography technologies, and a focus on expanding market presence in emerging economies. The market is expected to grow steadily in the coming years, driven by the rising demand for advanced medical imaging solutions and the need for accurate diagnosis and treatment of cardiovascular diseases.

Recent Happenings in the Angiography Equipment Market

1. Siemens Healthineers launched a new angiography system with advanced imaging capabilities for precision diagnostics. 2. GE Healthcare introduced a range of catheters and guidewires for interventional angiography procedures. 3. Philips Healthcare launched a mobile C-arm system for on-the-go angiography imaging in remote healthcare settings. 4. Canon Medical Systems developed a new contrast media injector for enhanced angiography procedures. 5. Medtronic acquired a leading manufacturer of stents for cardiovascular interventions to expand its product portfolio.