Angiography Equipment Market Size, Share & Trends Analysis Report By Technology (X-Ray, MRA, CT), By Product (Angiography Systems, Contrast Media), By Procedure, By Application, By Region, And Segment Forecasts, 2023 - 2030

Angiography Equipment Market Size, Share & Trends Analysis Report By Technology (X-Ray, MRA, CT), By Product (Angiography Systems, Contrast Media), By Procedure, By Application, By Region, And Segment Forecasts, 2023 - 2030

Angiography Equipment Market Growth & Trends

The global angiography equipment market size is expected to reach USD 15.71 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness an exponential CAGR of 5.9% from 2023 to 2030 due to growing geriatric population, increasing prevalence of Cardiovascular Diseases (CVDs) with associated risk factors, technological advancements, and investments in the health tech sector. According to the World Health Organization (WHO) report, CVD is one of the leading causes of death in countries, such as U.S. and U.K.

Coronary Artery Disease (CAD) is the most prevalent form of CVD. Through Global Hearts Initiative, the WHO is supporting governments in controlling cardiovascular risk factors, such as hypertension and diabetes. All these factors are projected to boost the market expansion over the forecast period. Rapid development of the diagnostic imaging modalities providing better visualization and assessment of CVD is also likely to drive the angiography devices market in the years to come.

Geographically, North America held the largest market share in 2018 and is expected to maintain its position during the forecast period. Countries, such as Brazil and China, export the medical devices from U.S. owing to the high standard of quality. Due to favorable government regulations in developing countries, such as Japan and China, the Asia Pacific region is projected to expand at a healthy CAGR during the estimated period. For instance, reimbursement policy in Japan encourages the local manufacturers to provide advanced angiography diagnostic devices.

Angiography Equipment Market Report Highlights

• The angiography systems segment led the market with a share of 26.6% in 2022 due to continuous investments, technological advancements, and growing scope of applications
• The coronary angiography segment dominated the market with a share of 45.7% in 2022
• In terms of procedure, the market is segmented into coronary, endovascular, and neurovascular. Constant developments in imaging technology have enabled better diagnosis of the disease
• The X-ray segment held the largest share of 36.2% in 2022. Based on technology, the market is segmented into X-ray, MRA, and CT

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