The Angiography Devices market, valued at USD 12.9 Billion in 2023, is projected to surpass USD 22.0 Billion by 2032, indicating a robust CAGR of 6.2%

Coronary artery disease (CAD) is the most common form of cardiovascular disease. The World Health Organization helps governments monitor cardiovascular risk factors such as diabetes and hypertension through the Global Hearts Initiative. This aspect is expected to drive the rise of the angiography devices market in the future years. The growth in the continual development of diagnostic imaging modalities, which enables enhanced therapy and assessment of cardiovascular disorders, is also projected to fuel demand for angiography equipment over the forecast period. Growing spectrum of application and technical innovation are two main factors expected to fuel growth in the angiography devices market.

However, data privacy and security issues are expected to be a key limitation on the angiography equipment market, as protecting sensitive patient information becomes increasingly important. These concerns may result in tougher regulations and increased compliance costs, thereby limiting market expansion. On the other hand, the market's development into previously unexplored markets in developing countries represents a promising opportunity. As healthcare infrastructure improves in these locations, the demand for improved angiography devices is likely to increase. This expansion provides new opportunities for market players, accelerating growth and reach.

Angiography Devices Market Statistics

• The global angiography devices market, valued at USD 12.9 billion in 2023, is projected to experience a strong CAGR of over 6.2% from 2024 to 2032
• North America leads the market with a significant value of USD 4.4 billion in 2023
• Europe is expected to achieve notable growth, with a projected CAGR of 7.1%
• Angiography systems were dominant in 2023, capturing 26% of the market share
• X-ray angiography technology held a substantial 36% share of the market in 2023
• A discernible trend in the angiography devices market is rising use of portable and mobile angiography devices in healthcare settings

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Angiography Devices Market Dynamics

Increasing Prevalence of Chronic Diseases Fuels the Angiography Devices Market Value

The rising prevalence of chronic disorders like as cardiovascular disease, diabetes, and hypertension is driving the growth of the angiography devices market. For instance, according to National Library of Medicine, diabetes, heart disease, stroke, and cancer are among the leading causes of morbidity and mortality around the world. The global cost of chronic disease is anticipated to exceed $47 trillion by 2030. Chronic disorders frequently result in problems that necessitate comprehensive imaging for accurate diagnosis and successful treatment, making angiography critical for assessing blood vessel health and finding blockages. As these illnesses become more widespread, the demand for angiography equipment increases to facilitate early detection and intervention. Furthermore, the aging population, which is more prone to chronic diseases, increases the demand for better imaging technologies. This increased desire for diagnostic precision and treatment alternatives helps to drive the market value of angiography devices.

Rising Investments in Healthcare Infrastructure Offer Significant Angiography Devices Market Opportunity

Rising investments in healthcare infrastructure create a substantial potential for the angiography devices market by increasing the availability and quality of medical services. Increased funding enables hospitals and clinics to buy cutting-edge angiography technology, which improves diagnostic and interventional capabilities. Investments in healthcare infrastructure also help to expand medical centers and clinics in underprivileged areas, extending the availability of advanced imaging technologies. Furthermore, these investments spur innovation and updates in angiography technology, including the most recent technologies for improved patient results. As healthcare infrastructure evolves and modernizes, the need for angiography devices is likely to rise, generating a favorable market climate.

Angiography Devices Market Segmentation

The global market for angiography devices has been segmented into product, technology, procedure, application, and region.

• Product is classified into catheters, contrast media, angiography systems, balloons, guidewire, vascular closure devices, angiography accessories
• Technology are divided into x-ray angiography (image intensifiers, flat-panel detectors )x-ray angiography, CT angiography, and MRA angiography
• Procedure segment is sub segmented into endovascular, coronary, and neurovascular
• Application is categorized into therapeutic, and diagnostic
• The angiography devices market is geographically split into Europe, North America, Latin America, APAC, and the Middle East and Africa

Angiography Devices Market Regional Outlook

In terms of angiography devices market analysis, North America is expected to hold the top spot in the global angiography devices market during the forecast period. Furthermore, developing countries such as China and Brazil distribute medical products from the United States due to their high quality.

Moreover, the angiography devices market in Europe is predicted to increase significantly due to a strong focus on innovative healthcare technology and an aging population with rising cardiovascular disease rates. The region's excellent healthcare infrastructure encourages the use of new angiography solutions, while increased investment in medical technology drives market growth. Furthermore, favorable government initiatives and healthcare legislation drive the rise of angiography devices in Europe.

Furthermore, favorable government policies in developing Asia Pacific countries are predicted to grow at a high CAGR throughout the forecast period. Some companies are investing in R&D operations to broaden their product offers. For example, the compensation scheme in Japan encourages local device makers to provide novel angiography diagnostic instruments.

Angiography Devices Market Players

Angiography devices companies profiled in the report includes Shimadzu Corporation, Microport Scientific Corporation, Siemens Healthcare GmbH, Medtronic plc, Boston Scientific Corporation, B. Braun Melsungen AG, AngioDynamics, Abbott, Philips, GE Healthcare, and Cardinal Health.

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