Angiography Devices Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segment Analysis

Angiography Devices Market size was valued at USD 14.15 Bn. in 2023 and the total Angiography Devices revenue is expected to grow by 6% from 2024 to 2030, reaching nearly USD 21.27 Bn.
Angiography Devices Market Overview:
An angiography system consists of a patient table with an X-ray tube and detector suspended above it to create still or video images of the body while a contrast medium is administered. Angiography devices are used for diagnosis by healthcare workers and doctors to show very detailed pictures of the inside patient head, neck, body, legs, and arms. During surgery, it can be used to inspect blood vessels while they are being repaired. Although CT scans use radiation, no radiation remains in the patient body after the scan. The increasing demand for accurate diagnosis and procedural equipment in the global healthcare market has influenced the consumption of the angiography devices market. Thanks to the widespread prevalence of cardiovascular diseases, the demand for the angiography devices market is expected to grow even more in the forecast period.

Medical and surgical technology advancements are expected to boost the increased angiography device production. The accuracy of angiography devices continues to influence their use by the world's most prestigious medical organizations. The use of angiography devices to detect heart failures continues to be a significant trend in the healthcare business. As a result of this trend, the use of angiography devices will skyrocket, benefiting Application health as well. The growing geriatric population, the increasing number of angiography operations performed in 2021, and the benefits of the technology in early diagnosis and treatment are all important factors driving the angiography devices market growth.To know about the Research Methodology :- Request Free Sample Report
Angiography Devices Market Dynamics:
Bolstering demand for interventional angiography systems in minimally invasive surgeries

Minimally invasive surgeries are less expensive and faster than traditional surgeries. These surgical procedures improve patient safety, reduce scarring, ensure faster recovery, and shorten hospital stays. According to a news article published in JAMA (Journal of the American Medical Association), research conducted by investigators at Johns Hopkins Medicine, a division of Johns Hopkins University (US), revealed that performing MIS procedures instead of traditional surgeries could save American hospitals between USD 281 million and USD 341 million per year.

Angiography is preferred in minimally invasive procedures because angiograms generated during the diagnosis phase present a detailed, clear, and accurate picture of a patient's blood vessels in the heart, eliminating the need for costly invasive surgeries. As a result of this, medical professionals are increasingly choosing minimally invasive surgical procedures over traditional open procedures due to the clinical and cost advantages provided by the former. This, in turn, is boosting the growth of the angiography devices market.

Growing demand from doctors and the healthcare workers

The market's key growth drivers are expected to be growing application scope and technological innovations. Other prominent factors driving angiography devices market growth include investments in the healthcare sector, an increasing geriatric population, and the rising prevalence of Cardiovascular Diseases (CVDs). According to the World Health Organization (WHO), in 2020, low-income and middle-income countries accounted for more than 78% of CVD deaths due to a lack of easy access to primary healthcare programs for early detection and treatment. Cardiovascular disease is the leading cause of death in the United States. According to the American Heart Association statistical fact sheet 2021, CVD was responsible for 46.8% of all deaths, followed by stroke (17.8%), high blood pressure (10.4%), and heart failure (9.5%). By 2035, more than 132 million adults in the country are expected to have one or more forms of CVD.

According to the WHO, factors such as tobacco and alcohol use, poor diet, obesity, and physical inactivity all increase the risk of CVD. Obesity in adults increased from 35.9% to 38.7% in 2020, and in children from 17.9% to 18.2%. The country spent approximately USD 10,448 per person on healthcare. The changing regulatory environment is likely to have an impact on American manufacturers. These all aspects are boosting the angiography devices market and are expected to do so during the forecast period.

Radiation dangers are hampering the market

Lack of skilled professionals hampering the market

Angioplasty is a safe procedure when performed by a trained professional. According to the MMR, the angiography devices market is being hampered by a lack of skilled professionals in the healthcare industry in comparison with the growing number of patients. Additionally, Because of age-related changes in the body, the procedure becomes technically difficult for patients over the age of 75.

Angiography Devices Market Opportunity

Increasing investment in research and development

Increased investment in R&D activity by medical technology companies as a result of the rising prevalence of chronic disease, as well as an easy approval process for those devices by regulatory authorities, are expected to boost the angiography devices market growth in the forecast years. The US Food and Drug Administration's (FDA) Center for Devices and Radiological Health (CDRH) approved or authorized 13 devices in 2021, according to an article published by Regulatory Affairs Professionals Society (RAPS). Additionally, growing R&D spending by pharmaceutical, biopharmaceutical, and medical device companies is supplementing the growth of the angiography devices market during the forecast period.Emerging economies to support the market

Emerging markets like China, Brazil, Mexico, and India offer significant opportunities. Participants in the angiography devices market Medical devices are in high demand in these countries populations are growing as a result of rapid growth in medical tourism, as well as the growing population, and rising disposable incomes. These countries also have a large and well-educated labour force. They have powerful Potential for growth and higher-than-average returns on investment Moreover these countries have lax import/export policies and are underserved in most areas which could help businesses with brand development Subsidies and expenses incurred by the government, as well as taxation Relaxations in these countries may also aid business growth.
Angiography Devices Market Segment Analysis:
Based on Product, The global angiography devices market is divided into accessories, systems, guidewires, catheters, balloons, vascular closure devices, and contrast media. Because of ongoing investments, technological advancements, and a growing scope of applications, the angiography systems segment led the market in 2023. These systems have progressed from catheter-based minimally invasive procedures to digitalized procedures.

Contrast media is expected to be the fastest-growing product segment during the forecast years. These products are widely used to improve the visibility of blood vessels in imaging techniques such as CT angiography, MRA, and X-ray. It is also used in projectional radiography and fluoroscopy. Iodine, barium-sulfate, and gadolinium are some of the radiocontrast agents that are used.Based on the Technology, The angiography devices market is divided into three categories based on technology: X-ray, MRA, and CT. Companies are investing heavily in the development of new technologies, which will bolster angiography devices market growth. The market is also expected to be driven by the need to reduce radiation dose, improve image quality, and emerging cath lab trends.

MRA is expected to be the fastest-growing technology in the diagnosis of heart disease due to its low radiation exposure. MRA can acquire images in any anatomical plane with excellent soft tissue contrast in 3D. The introduction of 3.0T MR imaging has greatly improved the diagnosis of coronary artery disease. These factors are said to boost segment growth as well.

Based on the Procedure, The angiography devices market is divided into three categories based on the procedure: coronary, endovascular, and neurovascular. In 2023, the coronary angiography segment dominated the angiography devices market. The rising prevalence of Coronary Artery Disease (CAD) and the availability of less invasive imaging modalities are driving up demand for coronary angiography in developing countries like China and India.

Constant advancements in imaging technology have allowed for more accurate disease diagnosis. The imaging skill has evolved from single-slice CT to multislice CT, which provides excellent CAD visualization and assessment. Coronary CT angiography, cardiac Magnetic Resonance Imaging (MRI), cardiac Single Photon Emission Computed Tomography (SPECT), Positron Emission Tomography (PET), and integrated SPECT/CT and PET/CT are all available for diagnosis.Based on the Application, The angiography devices market is expected to be driven by rising awareness of CVDs and associated risk factors. CAD is the leading cause of death and disability worldwide. The joint initiatives of the WHO and state governments to raise awareness about heart diseases and their underlying causes are also expected to contribute to the growth of the angiography equipment market.

In 2023, diagnostic applications dominated the market. CTA and MRA advancements provide useful information not only in cardiology but also in neurology, such as cerebral aneurysms, acute stroke, brain arteriovenous malformation, dural arteriovenous fistula, suspected cerebral vasculitis, and occlusive diseases.

Based on the End User, The Hospital Segment dominated the angiography devices market and is expected to continue during the forecast period. The availability of a larger patient pool, high resource availability, high penetration in diverse geographical locations, availability of accompanying healthcare infrastructure and procedures, availability of skilled labour, and affordability through government funding are the main factors contributing to the hospital segment's dominance. The number of complex cardiac disease cases is increasing, as is the number of deaths from cardiovascular diseases in both developed and emerging markets.

Hospitals attract a large patient population suffering from cardiovascular diseases due to their greater accessibility and affordability when compared to specialty clinics. Hospitals' profitability index rises as a result of bulk purchase discounts and trade agreements with manufacturers and suppliers. Furthermore, these trade agreements open new avenues for manufacturers to timely upgrade and gain early access to technologically advanced products, enhancing the hospital's treatment capability.
Angiography Devices Market Regional Insights:
North America dominates the angiography devices market due to the high adoption rate of minimally invasive procedures, reimbursement availability, rising geriatric population, and high medical equipment replacement rates. Factors such as a strong network of medical device companies and a large number of hospitals spread across cities and states with good funding opportunities primarily help the region dominate the market. Moreover, good support from government facilities aids in the development required for the overall treatment of cardiovascular diseases in the region's healthcare sector. After North America, Europe is the second-largest market. The high prevalence of cardiovascular diseases, high government investments, faster product approval procedures, and rising adoption of angiography devices due to a large number of angiography screening procedures performed all contribute to Europe's significant share.
Angiography Devices Market Scope: Inquiry Before Buying



Angiography Devices Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 14.15 Bn.


Forecast Period 2024 to 2030 CAGR:
6%
Market Size in 2030:
US $ 21.27 Bn.


 Segments Covered:
by Product
Angiography systems
Catheters
Guidewire
Balloons
Contrast media
Vascular closure devices
Angiography accessories


by Technology
X-ray
MRA
CT


by Procedure
Coronary
Endovascular
Neurovascular


by Application
Diagnostic
Therapeutic


by End User
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers



Angiography Devices Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Angiography Devices Market Key Players are:
1.Abbott Laboratories
2. Cardinal Health Inc.
3. GE Healthcare
4. Medtronic PLC
5.Shimadzu Corporation
6.Siemens Healthineers AG
7.Toshiba Medical Systems Corporation
8. Royal Philips Electronics
9.Cordis Corporation
10. Terumo Corporation
11. B. Braun Melsungen AG
12.AngioDynamics
13.Boston Scientific Corporation
14.Canon Inc.
15.Koninklijke Philips N.V.
16.GENERAL ELECTRIC COMPANY
17.Merit Medical Systems
18.MEDI TECH DEVICES PVT LTD
19.ST. STONE MEDICAL DEVICES PVT. LTD.
20.InterMed Medical
21.Abbvie Inc.
22.Hologic, Inc

Frequently Asked Questions:

1] What equipment is used for angiography?
Ans. A radiographic table, one or two x-ray tubes, and a video monitor are typically used in this exam. Fluoroscopy is the process of converting x-rays into video images. It is used by doctors to monitor and guide procedures. The video is created by an x-ray machine and a detector suspended above the exam table.

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3] What is the principle of angiography?
Ans. Angiography is a technique that is used to image anatomical and structural details of the vascular system by detecting contrast injected into a blood vessel and projecting this on a series of x-rays to outline the inner vessel wall and show flow through the lumen.

4] Which angiography is best for the heart?
Ans. Recent advancements in multi-detector computed tomography angiography (CTA) have enabled rapid, noninvasive coronary artery imaging in patients suspected of having CHD. When compared to cardiac catheterization, CTA has a higher sensitivity for identifying patients with CHD.