Angiography equipment market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 5.95% in the above-mentioned forecast period.
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Angiography equipment is basically a medical imaging equipment for checking blood vessels ad their flow in arteries, veins, and heart chambers and used to visualize insides of an individual. It is generally utilized to check blood vessels ad their flow in arteries, veins, and heart chambers. It is done by use of radio-opaque contrast agent, which is injected into an individual’s blood stream and the image is produced using X-ray based techniques, primarily by use of X-ray fluoroscopy.
The growth in aging population and incidence of coronary vascular diseases along with increasing incidence of cardiovascular diseases across the globe is the significant factor responsible for driving the growth of the angiography equipment market in the above-mentioned forecast period. Additionally, the factors such as increasing awareness programs, conferences, and funding activities, demand for interventional angiography systems in minimally invasive surgeries also heighten the overall growth of the market.
The rising demand for minimally invasive surgeries and favorable government initiatives and reimbursement policies in developed economies are also estimated to accelerate the overall growth of the market. However, the limitations in reimbursement for angiography procedures obstruct the market’s growth. The high costs associated with procurement and use of technologically advanced angiography equipment are also estimated to be the restraint that will hamper the overall growth of the market.
Angiography equipment market is segmented on the basis of product, technology, procedure, indication, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the angiography equipment market is segmented into angiography systems, angiography catheters, angiography contrast media, vascular closure devices (vcds), angiography balloons, angiography guidewires and angiography accessories.
- On the basis of technology, the angiography equipment market is segmented into X-Ray angiography, CT angiography, MR angiography and other.
Angiography equipment market is segmented on the basis of product, technology, procedure, indication, application and end user.
North America dominates the market due to the increasing geriatric population and prevalence of CVDs. Presence of major companies in the U.S. attributes to the major share of the market in the region.
Europe, on the other hand is expected to show a rapid and lucrative growth rate in the forecast period owing to the presence of majority of local and foreign manufacturers and growing demand for advanced medical devices and prevalence of CVD.
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Angiography Equipment Market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants