Coronary Angiography Devices Market Overview
The global coronary angiography devices market is continually rising, mainly due to the rising prevalence of cardiovascular and coronary diseases. Reasons behind the steadily increasing cases of cardiovascular diseases are the adoption of a sedentary lifestyle and environmental changes. There are many novel procedures and devices available to treat the diseases. The drastic increase in the number of angiography procedures performed every year is creating a huge market demand.
The Coronary Angiography Devices Market is expected to reach USD 11.96 Billion by 2030 at 6.20% CAGR during the forecast period 2022-2030.
With increasing technological advancements, coronary angiography devices have evolved significantly over the past few years. These betterments have brought some of the considerably improved outcomes, which, in turn, drives the market growth, increasing the adoption of these devices. Also, there is a noteworthy increase in the awareness of the availability of effective treatments for cardiovascular disorders, which accelerates the growth of the market.Thus, this is flourishing the global Coronary Angiography Devices Market to a great extent and paving ways for more opportunities to enter the market in the years to come.
The substantial occurrence of cardiovascular diseases, which the WHO has identified as the leading cause of death, globally, has been enticing numerous research and development activities since decades. Then came coronary angiography devices, that got invented as a mode of medical imaging to visualize blood vessels and body organs, such as arteries, veins, and heart. As the technology is harnessed further to make it more affordable for patients, and whereas healthcare infrastructure improves in the most promising emerging economies, the angiography devices market is well-informed for having a prosperous future.
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technological advancements in angiography devices, hovering awareness for diagnosis of heart diseases, and growing fondness for invasive procedures with improved medical imaging. These all are likely to contribute mainly to market growth in the years to come. Even the increasing research development activities along with the continuous launch of products by leading market players might also enhance the global coronary angiography devices market growth during the forecast period.
Coronary Angiography Devices Market Segmentation
According to MRFR, the global coronary angiography devices market has been segmented based on the product, devices, procedures, technology, indication, application, and end-user.
By product, the market is categorized as angiography systems, angiography catheters, angiography contrast media, Vascular Closure Devices (VCDs), angiography balloons, angiography Guidewires, and angiography accessories.
By devices, the market is segmented into Magnetic Resonance Angiography (MRA), Computed Tomography Angiography (CTA), conventional angiography, Digital Subtraction Angiography (DSA), Catheter angiography, coronary angiography, and others.
By procedure, the market is segmented as coronary angiography, endovascular angiography, peripheral vascular angiography, and other angiography procedures.
By technology, the market is segmented into X-ray angiography, CT angiography, MR angiography, and other angiography technologies.
By indication, the market is segmented into coronary artery disease, valvular heart disease, congenital heart disease, congestive heart failure, and other signs.
By application is segmented into diagnostics and therapeutics.
By end-user, the market is segmented into hospitals and clinics, diagnostic and imaging centers, and research institutes.
Key Players
The key players in the global coronary angiography devices market are Terumo, Boston Scientific Corporation, Canon Medical Systems, Cordis ( A Cardinal Health Company), B. Braun Melsungen AG, Angiodynamics, Abbott Vascular (Abbott Laboratories), Toshiba Medical Systems Corporation, Royal Philips Electronics, GE Healthcare, Medtronic, Inc., Shimadzu Corporation, and Siemens Healthcare
Coronary Angiography Devices Market Regional Analysis
North America dominates the global coronary angiography devices market. The largest market share attributes to the well-established healthcare sector, increasing prevalence of cardiovascular diseases, and the availability of advanced technology. Moreover, the increasing geriatric population alongside, the well-spread awareness about the benefits of early diagnosis and treatment in cases of heart-related disorders, fuels the market growth in this region. Additionally, high healthcare expenditures and the well-developed healthcare sector in the region impacts the growth of the North American coronary angiography devices market.
The coronary angiography devices market in Europe takes the second leading position globally. Factors such as the increasing healthcare expenditures and the growing patient population for cardiovascular diseases in the region act as a significant tailwind pushing the regional market forward. The presence of well-developed healthcare infrastructure, spreading awareness of CABG procedures, and technological advancements spur the regional market growth. Also, increasing numbers of angiography surgeries and the growing preference for minimally invasive procedures contribute to the growth of the regional market.
The Asia Pacific coronary angiography devices market in the region is emerging as a promising market globally. The region witnesses rising cases of patients suffering from cardiovascular disease and coronary diseases. Besides, the proliferating healthcare sector in highly populated countries like India, Japan, and China drive regional market growth.
Additionally, a large patient population alongside the rising investments by private and public sectors fosters the growth of the regional market. Also, increasing geriatric populace and spreading awareness about healthcare, positively influence the growth of the regional market.
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