Global Angiography equipment Market is valued USD 9.4 billion in 2016 is anticipated to grow USD 15.2 billion with the compounded annual growth of 5.5% over the forecast period 2017-2025.
New York 23 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Angiography equipment industry is poised to raise USD 15.2 billion by 2025. Key factors which give growth of the market is attributed to the high prevalence of diseases such as cancer and CVDs, increasing product approvals for advanced angiography techniques in the market, the large number of ongoing research activities, growing government and public-private investments, increasing number of awareness programs, and rising adoption of angiography devices due to a large number of angiography procedures performed across the globe.
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Global Angiography equipment Market Size study, by Product (Angiography Systems, Catheters, Guidewire, Balloons, Contrast Media), Technology (X-Ray, CT, MRA), Procedure (Coronary, Endo, Neuro), Application (Diagnostic, Therapeutic) and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include GE Healthcare, Siemens, Philips, Shimadzu, Terumo, Abbott, Boston scientific, and so on. Other market players discussed in the report include Medtronic, canon medical system, cordis, B. Braun. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Increasing number of patients with cardiovascular diseases and other chronic disorders, and growing number of angiography procedures across the globe.
- Dominant share is mainly attributed to the increase in the prevalence of coronary heart diseases due to the growing aging population. Moreover, increased awareness about the benefits of timely detection and treatment of coronary diseases and technological advancements are also expected to drive the growth of this market.
- Lack of reimbursement for angiography procedures and risk of radiation exposure is expected to hinder the growth of the angiography devices market.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Angiography system
- Contrast media
- North America
- Asia Pacific
- Latin America
- Rest of the World