Reports


Angiography Devices Market Size & Share, Sector / Industry Report & Analysis, 2019-2025 (Includes Business Impact of COVID-19)

  • TBI447612
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              Abstract, Snapshot, Market Analysis & Market Definition: Global Angiography Devices Market

The global angiography devices market size was valued at USD 9.8 billion in 2018 and is projected to expand at a CAGR of 6.54% over the forecast period. Increasing scope of application and technological innovations are expected to be the key growth-driving factors for the market. Investments in the healthcare sector, increasing geriatric population, and rising prevalence of Cardiovascular Diseases (CVDs) are several other prominent factors responsible for market growth. According to the World Health Organization (WHO), in 2016, more than 75% of the CVD deaths were caused in low-income and middle-income countries due to the lack of easy access to primary health care programs for early detection and treatment.
CVD is the leading cause of death in U.S. According to the American Heart Association statistical fact sheet 2016, CVD accounted for 43.8% of the total deaths followed by stroke (16.8%), high BP (9.4%), and heart failure (9.0%). More than 130 Million adults in the country are likely to have one or more forms of CVD by 2035.
 
According to the WHO, factors including tobacco and alcohol consumption, unhealthy diet, obesity, and physical inactivity increase the risk of CVD. The incidence of obesity in adults rose from 34.9% to 37.7% in 2014 and 16.9% to 17.2% in children.Per person, approximately USD 10,348 were spent on healthcare in the country.
Changing regulatory scenario is likely to affect the manufacturers in U.S. In accordance to the ACA and Health Care and Education Affordability Reconciliation Act, the manufacturers in the country were required to pay 2.3% excise tax on U.S. sales of class I, II, and III medical devices from January 2013.

Market Segmentation, Outlook & Viewpoint: Global Angiography Devices Market


Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

Angiography systems

Catheters

Guidewire

Balloons

Contrast media

Vascular closure devices

Angiography accessories


Technology Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

X-ray

MRA

CT


Procedure Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

Coronary

Endovascular

Neurovascular


Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

Diagnostic

Therapeutic


Key Players, Recent Developments & Regional Insights: Global Angiography Devices Market


The global angiography equipment market is segmented into accessories, systems, guidewire, catheters, balloons, vascular closure devices, and contrast media. Angiography systems segment led the market in 2018 due to continuous investments, technological advancements, and growing scope of application.These systems have evolved from catheter-based minimally invasive procedure to digitalized procedures.
Contrast media is expected to be the fastest-growing product segment over the next few years. These products are widely used for enhancing the visibility of blood vessels in imaging techniques, such as CT angiography, MRA, and X-ray. It is also used in projectional radiography and fluoroscopy. Various radiocontrast agents used are iodine, barium-sulphate, and gadolinium.
Technology Insights
Based on the technology, the market is segmented into X-ray, MRA, and CT. Companies are investing heavy amounts in the development of new technologies, which is expected to support market growth. Need for reduction of radiation dose, improvement in image quality, and emerging cath lab trends are also expected to drive the market.
MRA is expected to be the fastest-growing technology owing to its advantage of negligible exposure to the radiation in the diagnosis of heart disease. MRA offers 3D capabilities to acquire images in any anatomical plane with excellent soft tissue contrast. The emergence of 3.0T MR imaging has significantly enhanced the diagnosis of coronary artery disease. These factors are also said to boost the segment growth.
Procedure Insights
According to the procedure, the market is segmented into coronary, endovascular, and neurovascular. Coronary angiography segment dominated the market in 2018. Rising prevalence of Coronary Artery Disease (CAD) and availability of less-invasive imaging modalities are escalating the demand for coronary angiography in developing countries, such as China and India.
Constant developments in the imaging technology have enabled better diagnosis of the disease. The imaging skill has observed changed from single slice CT to multislice CT providing excellent visualization and assessment of CAD. A wide range of options available for diagnosis includes coronary CT angiography,cardiac Magnetic Resonance Imaging (MRI), and cardiac Single Photon Emission Computed Tomography (SPECT), Positron Emission Tomography (PET) and integrated SPECT/CT and PET/CT.
Application Insights
Rising awareness about CVDs and associated risk factors are expected to drive the market. Globally, CAD accounts for the maximum number of deaths and disabilities. The joint initiatives of the WHO and state governments to increase the awareness about heart diseases and underlying causes is further expected to contribute to the angiography equipment market growth.
 
The diagnostic application dominated the market in 2018. Development in CTA and MRA provides appropriate information not only in cardiology but in neurology, such as cerebral aneurysms, acute stroke, brain arteriovenous malformation, dural arteriovenous fistula, suspected cerebral vasculitis, and occlusive diseases.

Regional Insights
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. Favorable reimbursement policies of the Japanese government promoting technological advancements is supporting the region’s growth. The regulatory scenario is not stringent in countries, such as South Korea, Brazil, and India, offering an attractive opportunity for global companies to set their footprints in these markets. China is undergoing consolidation to upgrade the quality of these equipment. Rising import from the largest market players, such as GE Healthcare, Siemens Healthcare, and Koninklijke Philips N.V., is fueling the growth of the China angiography market.
North America led the market in 2018 and is likely to expand further due to increasing geriatric population and prevalence of CVDs. Presence of major companies in U.S. attributes to the major share of the market. GE Healthcare; Philips Healthcare; Boston Scientific Corporation; Abbott Laboratories; AngioDynamics, Inc.; Cordis Corp.; Carestream Health; and Hologic, Inc. are some of the angiography equipment manufacturing companies based in U.S. Europe is also anticipated to witness significant growth over the coming years due to the presence of majority of local and foreign manufacturers. Growing demand for advanced medical devices and prevalence of CVD are expected to drive the regional market.
Angiography Devices Market Share Insights
Some of key industry participants are Medtronic, Inc.; Abbott Laboratories; GE Healthcare; Boston Scientific Corporation; Koninklijke Philips N.V.; AngioDynamics, Inc.; Shimadzu Corporation; Cordis Corporation; B. Braun Melsungen AG; and Siemens Healthcare Ltd. Most of these companies are investing in R&D to increase their product portfolio. For instance, in 2018, Shimadzu Corp. released three models of Trinias and minimally invasive Bi-plane angiography system. Also, in 2017, Medtronic Inc. introduced DxTerity Diagnostic Angiography Catheter line to the existing catheter range.

Key Insights Covered: Global Angiography Devices Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Angiography Devices industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Angiography Devices industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Angiography Devices industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Angiography Devices industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Angiography Devices industry.

Research Methodology: Global Angiography Devices Market
  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Content
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Research Methodology
1.3 Information Procurement
1.4 Information or Data Analysis
1.5 Market Formulation & Validation
1.6 Model Details
    1.6.1 Commodity flow analysis (Model 1)
    1.6.2 Volume price analysis (model 2)
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 List of Abbreviations
1.10 Objectives
    1.10.1 Objective - 1:
    1.10.2 Objective - 2:Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment OutlookChapter 3 Market Variables, Trends & Scope
3.1 Market Lineage outlook
    3.
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