The global angiography devices market grow at compound annual growth rate (CAGR) of 5.7% during the forecast period from 2025 to 2033. Angiography devices market are poised to grow during the forecast period owing to rapid technological development in the angiography systems in the recent years with better 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 lower magnitude of X-ray, while maintaining image quality. This has been made possible by using combination of new X-ray tubes, sensitive detectors, latest image reconstruction software and better image guided facilities. Moreover, emphasis on research & development and supportive scenario for new company emphasizing on breakthrough solution will drive the market. In 2024, National Institutes of Health (NIH) funded US$ 2.2 Mn to company named SentiAR to develop advance augmented reality images for improved visualization in cardiac procedures and interventional surgeries.
Another significant factor driving the angiography devices market is continuous rise in the cardiovascular diseases (CVD) particularity coronary heart diseases in middle aged people and geriatric population. CVD is responsible for highest number of deaths worldwide, accounting for 17.9 million of 31% of overall deaths across the globe as stated by World Healthcare Organization (WHO). More than 75% of the CVD deaths occur in lower-income and middle-income countries. Thus emerging economies, especially Asia Pacific and Latin America exhibit a lucrative market for angiography devices due to high target population and growing awareness and diagnostic facilities in the region.
"Consumables Accounted for the Largest Share by Product Type"
In 2021, 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 constant demand for consumables as it is disposable and required in every angiogram procedure. Catheters held the largest market share in consumable segment. Angiography systems will grow at steady rate due to technological development and demand for new imaging facilities in developing nations. On the basis of procedures, coronary angiography held the largest share in 2021. Growing prevalence of coronary heart diseases globally is the prime reason for the growth of the market. Angiography is the primary examination for detecting arterial blockages and non-invasive nature of the procedure makes it highly advisable.
The angiography devices market is studied to understand the current and future trends and dynamics. The study scope includes market size and forecast for all considered segments studied in the report for the period from 2020 to 2033, along with compound annual growth rate (CAGR) for forecast period from 2025 to 2033, 2021 being the considered as the base year. The key players currently engaged in angiography devices market include Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems, Shimadzu Corporation, Abbott, Medtronic, Plc., Boston Scientific Corporation, ANGIODYNAMICS, Cardinal Health and B. Braun Melsungen AG among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Angiography Devices market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2023-2033 |
Base Year | 2024 |
Forecast Period | 2025-2033 |
Historical Year | 2023 |
Unit | USD Million |
Segmentation | |
Product
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Technology
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Procedure
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End-User
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Region Segment (2023-2033; US$ Million)
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Key questions answered in this report