Coronary Angiography Devices Market booms to grow at 60% annually | Chinese firm launches cheaper, faster device in the market - Forecast to 2023

The Global Coronary Angiography Devices Market is expected to gain prominence over the forecast period (2018–2023). It is estimated that the global coronary angiography devices market is expected to register a CAGR of ~ 6.1 % during the forecast period of 2018–2023.
The coronary angiography procedure is used to diagnose coronary heart disease and coronary microvascular disease after the sudden cardiac arrest, chest pain, and strokes. This procedure is carried out before surgical procedures such as coronary angioplasty.

The global coronary angiography market is driven by growing prevalence of cardiovascular diseases, increasing geriatric population, and benefits of the procedure for early diagnosis. According to the American Heart Association, fact sheet 2016, an estimated 85.6 million American adults had one or more types of cardiovascular diseases. In addition to these, 43.7 million were estimated to be 60 or above years of age. Moreover, technological advancements in angiography devices, raising awareness for diagnosis of heart diseases, and growing preference for minimally invasive procedures with improved medical imaging is likely to contribute to the market growth. Furthermore, increasing R&D activities and continuous products launch by leading market players enhances the market growth during the forecast period. For instance, in 2016, Siemens Healthineers launched innovative robot-supported Artis phenol angiography system.

However, limitations in reimbursement policies and changing government regulations restrain the market growth. Moreover, factors such as high cost of angiography devices and lack of skilled medical professional are likely to hamper the market growth during the assessment period.

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Global Coronary Angiography Devices Market: Leading Players

• Terumo
• Boston Scientific Corporation
• Canon Medical Systems
• Cordis (A Cardinal Health Company)
• B. Braun Melsungen AG
• Abbott Vascular (Abbott Laboratories)
• Toshiba Medical Systems Corporation
• Royal Philips Electronics
• GE Healthcare
• Medtronic, Inc
• Siemens Healthcare. and others

Global Coronary Angiography Devices Market — Regional Analysis

The Americas holds the largest share of the global Coronary Angiography Devices market owing to the increasing prevalence of Coronary Angiography Devices, the presence of a well-developed healthcare sector, and huge health care expenditures within the region. Europe stands second in the market due to the availability of funds for research followed by a huge patient population and strict food regulation standards. On a regional basis, Europe is segmented into Western Europe and Eastern Europe. Western Europe leads the regional Coronary Angiography Devices market while Eastern Europe is estimated to be the fastest growing region. Asia Pacific stands third in the global Coronary Angiography Devices market and is projected to be the fastest growing region. The presence of developing economies, rising patient population, and increasing government efforts for a labeling-compliance drive the market within the region. The Middle East and Africa holds the least share in the global Coronary Angiography Devices market owing to the presence of weak economies, lack of awareness, and poor availability of healthcare services, especially within the African region.

Global Coronary Angiography Devices Market: Segmentation

The global coronary angiography devices market is segmented on the basis of the product, devices, procedures, technology, indication, application, and end-user. On the basis of the product, the market is classified into angiography systems, angiography catheters, angiography contrast media, Vascular Closure Devices (VCDs), angiography balloons, angiography Guidewires, and angiography accessories. The global coronary angiography devices market on the basis of devices is segmented into Magnetic Resonance Angiography (MRA), Computed Tomography Angiography (CTA), conventional angiography, Digital Subtraction Angiography (DSA), Catheter angiography, coronary angiography, and others. On the basis of the procedure, the market is segmented as coronary angiography, endovascular angiography, peripheral vascular angiography, and other angiography procedures. On the basis of technology, the market is segmented into X-ray angiography, CT angiography, MR angiography, and other angiography technologies. On the basis of indication, the global coronary angiography devices market is segmented into coronary artery disease, valvular heart disease, congenital heart disease, congestive heart failure, and other indications. The global coronary angiography devices market on the basis of application is segmented into diagnostics and therapeutics. On the basis of end-user, the market is segmented into hospitals and clinics, diagnostic and imaging centers, and research institutes.

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TOC of Coronary Angiography Devices Market Research Report — Global Forecast to 2023

1. Report Prologue

2. Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation

3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Threats
4.5 Macroeconomic Indicators

TOC CONTINUED…

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