About Angiography Equipment
Over the past few decades, the adoption of angiography equipment is increasing due to a large number of angiography procedures performed in European countries. Angiography is an imaging test that uses X-rays to inspect the body's blood veins. The X-rays provided by an angiography are called angiograms. Angiography Equipment is intended to help the surgeons to look inside and repair blood vessels also enable and detects the blockages and the conditions that are concerned with arteries and veins. Moreover, a special fluid, known as contrast medium or dye is injected which is visible through X-ray. This allows to gather pictures, referred to as angiograms. Furthermore, a considerable rise in demand for advanced equipment in hospitals and diagnostic centres enabling to boost the adoption of angiographic equipment and thereby contributing towards the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Angiography Equipment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GE Healthcare (United States), Koninklijke Philips N.V. (Netherlands), Siemens Healthineers (Germany), Canon Corporation (Japan), Boston Scientific Corporation (United States), Shimadzu Corporation (Japan), Medtronic (Ireland), Angiodynamics (United States), Braun Melsungen (Germany) and Abbott Laboratories (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Terumo (Japan) and Cordis(United States).
Segmentation Overview
AMA Research has segmented the market of Global Angiography Equipment market by Type (Angiography Systems, Catheters, Guidewire, Balloons and Contrast Media), Application (Diagnostic, Therapeutic and Patient Care Setting) and Region.
On the basis of geography, the market of Angiography Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. X-Ray Angiography will boost the Angiography Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Indications, the sub-segment i.e. Coronary Artery Disease will boost the Angiography Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users , the sub-segment i.e. Hospitals and Clinics will boost the Angiography Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increasing expenditure in healthcare and the well-developed healthcare sector
Market Growth Drivers:
Increasing demand for minimally invasive techniques, Increasing Demand for Interventional Angiography Systems in Minimally Invasive Surgeries and The rise in the Aging Population and Incidence of CVD
Challenges:
Increasing Product Recalls
Restraints:
The high cost of angiography equipment
Opportunities:
Favourable compensation policies of the government encouraging technological innovation are supporting the growth of the angiography equipment market and The increasing prevalence of cardiac diseases
Market Leaders and their expansionary development strategies
In January 2023, GE HealthCare announced it has entered into an agreement to acquire IMACTIS, an innovator in the rapidly growing field of computed tomography (CT) interventional guidance across an array of care areas. IMACTIS is a France-based company that was founded in 2009 by Stephane Lavallee and Lionel Carrat, who created CT-Navigation, an ergonomic universal solution that provides stereotactic needle guidance, enabling intuitive pre-planning and continuous control throughout a wide range of procedures, from diagnosis to treatment.
In December 2020 United States based firm GE Healthcare Gantry That Addresses Ergonomic Issues. GE Healthcare is introducing a new version of its robotic driven angiography system for the image. Allia IGS 7 system uses AI-optimized dose and imaging settings and enables easier use of rotational angiography.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Angiography Equipment Manufacturer, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.