The global angiography equipment market has grown strongly in recent years. It will grow from $12.47 billion in 2023 to $13.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The expansion observed during the historical period can be attributed to several factors, including the increasing incidence of cardiovascular diseases, the growth of minimally invasive procedures, the aging population contributing to a higher demand for diagnostic tools, ongoing developments in healthcare infrastructure, and the emphasis on clinical research and development.
The global angiography equipment market is expected to see strong growth in the next few years. It will grow to $17.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be attributed to several factors, including the integration of angiogram equipment with hybrid operating rooms (ORs), a heightened focus on data security and privacy, the globalization of healthcare services, a shift toward patient-centric care, and the increasing emphasis on personalized healthcare. Major trends expected during the forecast period encompass global healthcare accessibility, the rise of remote consultation and training in healthcare settings, the adoption of value-based healthcare models, ongoing efforts to enhance data security and interoperability, and the development of customization and tailored solutions in the angiogram equipment industry.
The increasing prevalence of cardiovascular diseases stands as a significant driver propelling the angiography equipment market. Employing X-ray imaging techniques, angiography systems detect blockages or constrictions within cardiac blood arteries. As per a 2021 World Health Organization (WHO) report, approximately 17.9 million individuals succumbed to cardiovascular diseases, accounting for about 32% of global fatalities. This statistic highlighted that 85% of these deaths were attributed to heart attacks and strokes. Consequently, the upward trajectory of cardiovascular diseases is anticipated to sustain the growth of the angiography equipment market.
A noteworthy contributor to the burgeoning angiography equipment market is the substantial rise in healthcare expenditure. Globally, an overall escalation in healthcare spending, both by governmental bodies and individuals, is fostering the adoption of advanced medical technologies, including angiography equipment. Recent data from the Centers for Medicare & Medicaid Services (CMS) released in June 2023 indicated that national health expenditure (NHE) in the United States surged by 2.7% to reach $4.3 trillion in 2021, accounting for $12,914 per person and representing 18.3% of the Gross Domestic Product (GDP). This substantial growth in healthcare expenditure is anticipated to drive the demand for angiography equipment.
A significant trend observed in the angiography equipment market is focused on product innovation. Leading companies in this sector are concentrating on developing novel and advanced solutions to fortify their market position. For example, in June 2022, Shimadzu Medical Systems, a US-based manufacturer specializing in advanced imaging systems, introduced the Trinias angiography system. This cutting-edge system incorporates artificial intelligence (AI) deep learning technology and operates at reduced X-ray doses, approximately 40% lower than previous models. Notably, this angiography system is the first to integrate AI into its image-processing engine, delivering an expanded feature set that streamlines workflow, thereby enhancing clinical operations within medical facilities.
Major corporations in the angiography equipment sector are directing their efforts toward integrating artificial intelligence (AI) and machine learning to heighten the accuracy of cardiovascular disease detection through angiography systems. AI algorithms play a pivotal role in interpreting images, enhancing diagnostic precision, and streamlining workflow efficiency. A case in point is Abbott Laboratories, a US-based healthcare firm that, in April 2021, unveiled the Ultreon software, incorporating AI into angiography equipment to enhance functionality. Abbott's automated system amalgamates AI with digital imaging technology, allowing physicians to swiftly acquire cross-sectional views of potential heart artery blockages. Compared to traditional angiogram imaging, this system aims to offer surgeons expedited and more precise information for coronary stent placements.
In April 2021, Siemens Healthineers AG, a German medical device company, acquired Varian Medical Systems Inc., an undisclosed amount. This strategic acquisition was geared towards meeting the escalating demand for data-driven personalized diagnosis and enhanced cancer care in response to the global surge in cancer rates. Varian Medical Systems Inc. is a UK-based firm specializing in medical devices.
Major companies operating in the angiography equipment market report are General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Canon Corporation, Boston Scientific Corporation, Cordis Corporation, Shimadzu Corporation, Medtronic PLC, Angiodynamics, B. Braun Melsungen, Abbott Laboratories, Terumo Corporation, Toshiba Medical System Corporation, Merit Medical Systems Inc., Hitachi Medical Systems, Carestream Health, Hologic Inc., Guerbet S.A., Bracco Imaging SpA, Lantheus Medical Imaging Inc., Nordion Inc., Esaote SpA, Mindray Medical International Limited, Neusoft Medical Systems Co. Ltd., Samsung Medison Co. Ltd., FUJIFILM Medical Systems Inc., Ziehm Imaging GmbH, Shimadzu Medical Systems Inc., Omega Medical Imaging Inc., Allengers Medical Systems Limited
Europe was the largest region in the angiography equipment market share in 2023. The regions covered in the angiography equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the angiography equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary products within the angiography equipment category include angiography systems, angiography catheters, angiography contrast media, vascular closure devices (VCD), angiography balloons, angiography guidewires, and angiography accessories. Angiography equipment, also known as contrast agents or contrast media, enhances the diagnostic value of imaging examinations. The technologies involved in angiography equipment include X-ray angiography, CT angiography, MR angiography, and other advanced imaging technologies. The procedures associated with angiography equipment encompass coronary angiography, endovascular angiography, onco-angiography, and neuro-angiography. These solutions find application across various end-users, including hospitals and clinics, diagnostic and imaging centers, as well as research institutes.
This report provides Angiography equipment products market statistics, including angiography equipment products industry global market size, regional shares, competitors with angiography equipment products market share, detailed Angiography equipment products market segments, market trends, and opportunities, and any further data you may need to thrive in the angiography equipment products industry. This angiography equipment products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry
The angiogram equipment market consists of sales of angiography equipment solutions, flat-panel digital detectors and image intensifiers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The global angiography equipment market is expected to see strong growth in the next few years. It will grow to $17.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be attributed to several factors, including the integration of angiogram equipment with hybrid operating rooms (ORs), a heightened focus on data security and privacy, the globalization of healthcare services, a shift toward patient-centric care, and the increasing emphasis on personalized healthcare. Major trends expected during the forecast period encompass global healthcare accessibility, the rise of remote consultation and training in healthcare settings, the adoption of value-based healthcare models, ongoing efforts to enhance data security and interoperability, and the development of customization and tailored solutions in the angiogram equipment industry.
The increasing prevalence of cardiovascular diseases stands as a significant driver propelling the angiography equipment market. Employing X-ray imaging techniques, angiography systems detect blockages or constrictions within cardiac blood arteries. As per a 2021 World Health Organization (WHO) report, approximately 17.9 million individuals succumbed to cardiovascular diseases, accounting for about 32% of global fatalities. This statistic highlighted that 85% of these deaths were attributed to heart attacks and strokes. Consequently, the upward trajectory of cardiovascular diseases is anticipated to sustain the growth of the angiography equipment market.
A noteworthy contributor to the burgeoning angiography equipment market is the substantial rise in healthcare expenditure. Globally, an overall escalation in healthcare spending, both by governmental bodies and individuals, is fostering the adoption of advanced medical technologies, including angiography equipment. Recent data from the Centers for Medicare & Medicaid Services (CMS) released in June 2023 indicated that national health expenditure (NHE) in the United States surged by 2.7% to reach $4.3 trillion in 2021, accounting for $12,914 per person and representing 18.3% of the Gross Domestic Product (GDP). This substantial growth in healthcare expenditure is anticipated to drive the demand for angiography equipment.
A significant trend observed in the angiography equipment market is focused on product innovation. Leading companies in this sector are concentrating on developing novel and advanced solutions to fortify their market position. For example, in June 2022, Shimadzu Medical Systems, a US-based manufacturer specializing in advanced imaging systems, introduced the Trinias angiography system. This cutting-edge system incorporates artificial intelligence (AI) deep learning technology and operates at reduced X-ray doses, approximately 40% lower than previous models. Notably, this angiography system is the first to integrate AI into its image-processing engine, delivering an expanded feature set that streamlines workflow, thereby enhancing clinical operations within medical facilities.
Major corporations in the angiography equipment sector are directing their efforts toward integrating artificial intelligence (AI) and machine learning to heighten the accuracy of cardiovascular disease detection through angiography systems. AI algorithms play a pivotal role in interpreting images, enhancing diagnostic precision, and streamlining workflow efficiency. A case in point is Abbott Laboratories, a US-based healthcare firm that, in April 2021, unveiled the Ultreon software, incorporating AI into angiography equipment to enhance functionality. Abbott's automated system amalgamates AI with digital imaging technology, allowing physicians to swiftly acquire cross-sectional views of potential heart artery blockages. Compared to traditional angiogram imaging, this system aims to offer surgeons expedited and more precise information for coronary stent placements.
In April 2021, Siemens Healthineers AG, a German medical device company, acquired Varian Medical Systems Inc., an undisclosed amount. This strategic acquisition was geared towards meeting the escalating demand for data-driven personalized diagnosis and enhanced cancer care in response to the global surge in cancer rates. Varian Medical Systems Inc. is a UK-based firm specializing in medical devices.
Major companies operating in the angiography equipment market report are General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Canon Corporation, Boston Scientific Corporation, Cordis Corporation, Shimadzu Corporation, Medtronic PLC, Angiodynamics, B. Braun Melsungen, Abbott Laboratories, Terumo Corporation, Toshiba Medical System Corporation, Merit Medical Systems Inc., Hitachi Medical Systems, Carestream Health, Hologic Inc., Guerbet S.A., Bracco Imaging SpA, Lantheus Medical Imaging Inc., Nordion Inc., Esaote SpA, Mindray Medical International Limited, Neusoft Medical Systems Co. Ltd., Samsung Medison Co. Ltd., FUJIFILM Medical Systems Inc., Ziehm Imaging GmbH, Shimadzu Medical Systems Inc., Omega Medical Imaging Inc., Allengers Medical Systems Limited
Europe was the largest region in the angiography equipment market share in 2023. The regions covered in the angiography equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the angiography equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary products within the angiography equipment category include angiography systems, angiography catheters, angiography contrast media, vascular closure devices (VCD), angiography balloons, angiography guidewires, and angiography accessories. Angiography equipment, also known as contrast agents or contrast media, enhances the diagnostic value of imaging examinations. The technologies involved in angiography equipment include X-ray angiography, CT angiography, MR angiography, and other advanced imaging technologies. The procedures associated with angiography equipment encompass coronary angiography, endovascular angiography, onco-angiography, and neuro-angiography. These solutions find application across various end-users, including hospitals and clinics, diagnostic and imaging centers, as well as research institutes.
This report provides Angiography equipment products market statistics, including angiography equipment products industry global market size, regional shares, competitors with angiography equipment products market share, detailed Angiography equipment products market segments, market trends, and opportunities, and any further data you may need to thrive in the angiography equipment products industry. This angiography equipment products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry
The angiogram equipment market consists of sales of angiography equipment solutions, flat-panel digital detectors and image intensifiers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Angiography Equipment Market Characteristics3. Angiography Equipment Market Trends and Strategies31. Global Angiography Equipment Market Competitive Benchmarking32. Global Angiography Equipment Market Competitive Dashboard33. Key Mergers and Acquisitions in the Angiography Equipment Market
4. Angiography Equipment Market - Macro Economic Scenario
5. Global Angiography Equipment Market Size and Growth
6. Angiography Equipment Market Segmentation
7. Angiography Equipment Market Regional and Country Analysis
8. Asia-Pacific Angiography Equipment Market
9. China Angiography Equipment Market
10. India Angiography Equipment Market
11. Japan Angiography Equipment Market
12. Australia Angiography Equipment Market
13. Indonesia Angiography Equipment Market
14. South Korea Angiography Equipment Market
15. Western Europe Angiography Equipment Market
16. UK Angiography Equipment Market
17. Germany Angiography Equipment Market
18. France Angiography Equipment Market
19. Italy Angiography Equipment Market
20. Spain Angiography Equipment Market
21. Eastern Europe Angiography Equipment Market
22. Russia Angiography Equipment Market
23. North America Angiography Equipment Market
24. USA Angiography Equipment Market
25. Canada Angiography Equipment Market
26. South America Angiography Equipment Market
27. Brazil Angiography Equipment Market
28. Middle East Angiography Equipment Market
29. Africa Angiography Equipment Market
30. Angiography Equipment Market Competitive Landscape and Company Profiles
34. Angiography Equipment Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on angiography equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for angiography equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of covid 19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Product: Angiography Systems; Angiography Catheters; Angiography Contrast Media; Vascular Closure Devices (VCDs); Angiography Balloons; Angiography Guidewires; Angiography Accessories
2) By Technology: X-Ray Angiography; CT Angiography; MR Angiography; Other Technologies
3) By Procedure: Coronary Angiography; Endovascular Angiography; Onco-Angiography; Neuro-angiography; Other Procedures
4) By End User: Hospitals and Clinics; Diagnostic and Imaging Centers; Research Institutes
Key Companies Mentioned: General Electric Company; Koninklijke Philips N.V.; Siemens Healthineers AG; Canon Corporation; Boston Scientific Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- General Electric Company
- Koninklijke Philips N.V.
- Siemens Healthineers AG
- Canon Corporation
- Boston Scientific Corporation
- Cordis Corporation
- Shimadzu Corporation
- Medtronic PLC
- Angiodynamics
- B. Braun Melsungen
- Abbott Laboratories
- Terumo Corporation
- Toshiba Medical System Corporation
- Merit Medical Systems Inc.
- Hitachi Medical Systems
- Carestream Health
- Hologic Inc.
- Guerbet S.A.
- Bracco Imaging SpA
- Lantheus Medical Imaging Inc.
- Nordion Inc.
- Esaote SpA
- Mindray Medical International Limited
- Neusoft Medical Systems Co. Ltd.
- Samsung Medison Co. Ltd.
- FUJIFILM Medical Systems Inc.
- Ziehm Imaging GmbH
- Shimadzu Medical Systems Inc.
- Omega Medical Imaging Inc.
- Allengers Medical Systems Limited
Methodology
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