What Has Been the Growth Trajectory for the Angiography Equipment Market in Recent Years?
The angiography equipment market has seen considerable growth due to a variety of factors.
• The market size for angiography equipment has seen robust growth in the past years. It is projected to increase from $13.05 billion in 2024 to $13.94 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 6.8%. The expansion during the historical period can be linked to escalating cardiovascular diseases, the preference for minimally invasive procedures, the aging population, improvements in healthcare infrastructure, and advancements in clinical research and development.
What Can Be Expected from the Angiography Equipment Market in the Coming Years?
The Angiography Equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Strong expansion is expected in the angiography equipment market in the coming years, with a projected size of $19.29 billion in 2029, reflecting a compound annual growth rate (CAGR) of 8.5%.
Factors contributing to this surge during the forecast period include its integration with hybrid ORs, the importance of data security and privacy, the globalization of health services, patient-oriented healthcare, and individualized healthcare. Key trends for the forecasted period encompass the accessibility of global healthcare, opportunities for remote consultation and training, the adoption of value-based healthcare models, the demand for data security and interoperability, and the provision of custom-made solutions.
What Are the Critical Driver Fuelling The Angiography Equipment Market's Growth?
The surge in cardiovascular diseases is anticipated to propel the angiography equipment market forward. The Cardiovascular disease (CVD) system uses X-ray images to identify blocked or narrowed cardiac blood vessels. For example, a report by PCRonline, a French platform dedicated to cardiovascular education, revealed that around 620 million people worldwide are living with heart and circulatory diseases as of September 2023. Each year, approximately 60 million new cases are identified, underscoring the substantial global impact of cardiovascular conditions. Consequently, the escalating prevalence of cardiovascular diseases will persist in fueling the expansion of the angiography equipment market.
How Is The Angiography Equipment Market segmented?
The angiography equipment market covered in this report is segmented –
1) By Product: Angiography Systems, Angiography Catheters, Angiography Contrast Media, Vascular Closure Devices (VCDs), Angiography Balloons, Angiography Guidewires, Angiography Accessories
2) By Technology: X-Ray Angiography, CT Angiography, MR Angiography, Other Technologies
3) By Procedure: Coronary Angiography, Endovascular Angiography, Onco-Angiography, Neuro-Angiography, Other Procedures
Subsegments:
1) By Angiography Systems: X-Ray Angiography Systems, CT Angiography Systems, MR Angiography Systems
2) By Angiography Catheters: Diagnostic Catheters, Interventional Catheters, Specialty Catheters
3) By Angiography Contrast Media: Iodinated Contrast Agents, Gadolinium-Based Contrast Agents, Other Contrast Agents
4) By Vascular Closure Devices (VCDs): Collagen-Based VCDs, Suture-Based VCDs, Other VCDs
5) By Angiography Balloons: Drug-Eluting Balloons, Non-Compliant Balloons, Compliant Balloons
6) By Angiography Guidewires: Coated Guidewires, Non-Coated Guidewires, Specialty Guidewires
7) By Angiography Accessories: Sheaths And Introducers, Access Kits, Other Accessories
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What New Trends Are Influencing The Angiography Equipment Market?
In the angiography equipment market, a prominent trend is the introduction of innovative products. To consolidate their market position, significant companies in this sector strive to create unique and ground-breaking solutions. As a perfect illustration, Shimadzu Medical Systems, an American advanced imaging systems producer, inaugurated their new angiography device named Trinias angiography system in June 2022. This system capitalizes on artificial intelligence (AI) deep learning technology, offering 40% or less X-ray doses compared to their former models. This is a significant innovation since AI has never been incorporated in the image processing engine of an angiography system before. Moreover, the fresh Trinias system equips an extended set of unique features that enhance workflow, allowing more efficient clinical operations in any healthcare institution.
Who Are the Key Players In The Angiography Equipment Market?
Major companies operating in the angiography equipment market include:
• GE HealthCare Technologies Inc.
• Koninklijke Philips N.V.
• Siemens Healthineers AG
• Canon Corporation
• Boston Scientific Corporation
• Cordis Corporation
• Shimadzu Corporation
• Medtronic PLC
• Angiodynamics
• B. Braun Melsungen
• Abbott Laboratories
• Terumo Corporation
• Toshiba Medical System Corporation
• Merit Medical Systems Inc.
• Hitachi Medical Systems
• Carestream Health
• Hologic Inc.
• Guerbet S.A.
• Bracco Imaging SpA
• Lantheus Medical Imaging Inc.
• Esaote SpA
• Mindray Medical International Limited
• Neusoft Medical Systems Co. Ltd.
• Samsung Medison Co. Ltd.
• FUJIFILM Medical Systems Inc.
• Ziehm Imaging GmbH
• Omega Medical Imaging Inc.
• Allengers Medical Systems Limited
What Is The Most Dominant Region In The Angiography Equipment Market?
Europe was the largest region in the angiography equipment market share in 2024. The regions covered in the angiography equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
