Angiography Devices

Angiography Devices

Global Angiography Devices Market to Reach US$15.1 Billion by 2030

The global market for Angiography Devices estimated at US$11.6 Billion in the year 2023, is expected to reach US$15.1 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2023-2030. Angiography Systems, one of the segments analyzed in the report, is expected to record a 5.2% CAGR and reach US$5.8 Billion by the end of the analysis period. Growth in the Angiography Contrast Media segment is estimated at 3.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.0 Billion While China is Forecast to Grow at 6.8% CAGR

The Angiography Devices market in the U.S. is estimated at US$3.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.0% and 2.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Global Angiography Devices Market - Key Trends & Drivers Summarized

Why Is the Demand for Angiography Devices Surging in Cardiovascular Healthcare?

Angiography devices are experiencing a surge in demand, driven primarily by the increasing prevalence of cardiovascular diseases (CVD) globally. As heart disease remains a leading cause of mortality worldwide, diagnostic procedures like angiography, which provide detailed images of blood vessels, are critical for early detection and treatment. The aging global population, along with unhealthy lifestyle habits such as poor diet and lack of exercise, has led to a rise in conditions like atherosclerosis, stroke, and coronary artery disease. Consequently, the need for reliable diagnostic tools, including angiography systems, is becoming more pronounced in both developed and developing regions. This growth is further supported by healthcare systems emphasizing preventive care and early diagnosis to mitigate the rising costs of treating advanced CVD.

How Is Technology Revolutionizing the Angiography Devices Market?

Technological advancements are playing a pivotal role in enhancing the capabilities of angiography devices, making them more efficient and safer for patients. One major development is the integration of digital imaging technology, which allows for higher-resolution images and real-time monitoring during procedures. The use of 3D and 4D imaging systems is transforming the way cardiologists assess blood vessels and coronary blockages, enabling more precise interventions. Another innovation is the development of minimally invasive catheter-based angiography systems, which reduce patient recovery times and minimize risks associated with traditional invasive angiography. These technological improvements are not only enhancing diagnostic accuracy but also expanding the scope of angiography into peripheral vascular conditions and neurology, thereby broadening the market`s reach.

What Role Do Regulations Play in the Adoption of Angiography Devices?

Stringent regulatory requirements are critical to the angiography devices market, as patient safety is paramount in cardiovascular interventions. Regulatory bodies like the FDA and European CE mark demand rigorous testing and validation of these devices to ensure they meet safety and performance standards. These regulations are particularly important given the risks associated with angiographic procedures, such as radiation exposure and contrast-induced nephropathy. Manufacturers are under pressure to develop devices that minimize these risks while complying with strict guidelines. Furthermore, advancements in imaging technologies and the development of contrast-free angiography techniques are being driven by regulatory encouragement, further shaping the future of the market. Compliance with these standards ensures widespread adoption of new, safer angiography systems across global healthcare settings.

What Factors Are Propelling the Growth of the Angiography Devices Market?

The growth in the angiography devices market is driven by several factors, including the rising incidence of cardiovascular diseases, increasing awareness of early diagnostic tools, and advancements in imaging technology. The growing elderly population, who are more prone to heart-related ailments, has significantly boosted demand for angiography procedures. In addition, technological advancements, such as the introduction of hybrid operating rooms that combine surgical and diagnostic functions, are enhancing the efficiency and accuracy of cardiovascular interventions, thereby increasing the demand for state-of-the-art angiography systems. Expanding healthcare infrastructure in emerging markets, coupled with increased government investment in healthcare technologies, is also driving growth. Finally, the growing preference for minimally invasive procedures has accelerated the adoption of newer, safer angiography devices across a range of medical specialties.

Select Competitors (Total 42 Featured) -

• Abbott Laboratories, Inc.
• AngioDynamics, Inc.
• B. Braun Melsungen AG
• Boston Scientific Corporation
• Canon Medical Systems Corporation
• Cordis Corporation
• GE Healthcare
• Koninklijke Philips NV
• Medtronic PLC
• Shimadzu Corporation
• Siemens Healthineers

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