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What is the Anticipated Market Size and Growth Rate for Angiography Equipment Market?
The angiography equipment market size has exhibited significant growth in recent years. From $13.05 billion in 2024, it is expected to grow to $13.94 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The historic period witnessed growth primarily due to rising cardiovascular diseases, minimally invasive procedures, aging population, healthcare infrastructure development, and progress in clinical research and development.
The market size is projected to see brisk growth in the forthcoming years, reaching $19.29 billion in 2029 at a CAGR of 8.5%. The forecast period’s growth would be driven by integration with hybrid ORs, data security and privacy concerns, globalization of healthcare services, patient-centric care, and personalized healthcare solutions. Key trends within this period encompass global healthcare accessibility, remote consultation and training, value-based healthcare models, data security, interoperability, and a rise in customized and tailored solutions.
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What Factors are Driving the Growth of the Angiography Equipment Market?
The rising frequency of cardiovascular ailments contributes significantly to the surge in the angiography equipment market. The cardiovascular disease (CVD) system uses X-ray technology to identify blocked or narrowed cardiac blood vessels. As of September 2023, there are approximately 620 million individuals worldwide affected by heart and circulatory diseases, according to a report by PCRonline. Each year sees around 60 million new diagnoses, underscoring the significant global burden of cardiovascular conditions. Thus, the increasing prevalence of cardiovascular diseases will continue to accelerate the growth of the angiography equipment market.
What are the Key Market Segments in the Global Angiography Equipment Market?
The angiography equipment market covered in this report is segmented by:
1) Product: Angiography Systems, Angiography Catheters, Angiography Contrast Media, Vascular Closure Devices (VCDs), Angiography Balloons, Angiography Guidewires, Angiography Accessories.
2) Technology: X-Ray Angiography, CT Angiography, MR Angiography, Other Technologies.
3) Procedure: Coronary Angiography, Endovascular Angiography, Onco-Angiography, Neuro-Angiography, Other Procedures.
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Who are the Major Players in the Angiography Equipment Market?
Prominent companies operating in the angiography equipment market include GE Healthcare Technologies Inc., Koninklijke Philips N.V., Siemens Healthineers AG, Canon Corporation, Boston Scientific Corporation, Cordis Corporation, Shimadzu Corporation, Medtronic PLC, Angiodynamics, B. Braun Melsungen, Abbott Laboratories, Terumo Corporation, Toshiba Medical System Corporation, Merit Medical Systems Inc., and several others.
What are the Emerging Trends in the Angiography Equipment Market?
Product innovation is a key trend in the angiography equipment market. Major players are focused on developing groundbreaking solutions to establish their market position. For instance, Shimadzu Medical Systems launched a new angiography system, the Trinias angiography system, in June 2022. The system uses AI deep learning technology and utilizes 40% less X-ray doses than previous models. The angiography system’s image-processing engine is the first to use AI.
Which Region Exhibits the Fastest Growth in the Angiography Equipment Market?
In 2024, Europe held the largest market share in the angiography equipment market. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Angiography Equipment Market Report 2025 Offer?
The Angiography Equipment Market research report from The Business Research Company provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. The angiography equipment inspects blood vessels and helps view a person’s internal organs. The process involves the injection of a radio-opaque contrast agent into the patient’s bloodstream and creates the image using X-ray-based techniques.
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