Angiography Devices Market: FMI’s Global Analysis & Research For the Forecast Period 2016-2026

Market Overview

The noticeable rise for the demand of accurate diagnosis and procedural equipment in the global healthcare sector has positively impacted the demand for angiography devices. Considering the global prevalence of cardiovascular diseases, the growth in the demand for angiography devices is expected to continue the upsurge. Advancement in medicine and surgical technology is expected to incite better production of angiography devices. The preciseness of angiography devices will continue to influence adoption of such devices by leading medical organizations in the world. Angiography devices used to detect heart ailments at an early distress will continue to be the key trend in the global medical industry. Owing to this trend, the demand for angiography devices will grow extensively and benefit the end-user health as well.

Global Angiography Devices Market: Dynamics

The key factor driving the growth of the global angiography devices market will be their extensive use in cardiovascular treatments. Additionally, the introduction of new and enhanced products is expected to supplement the angiography devices market. The devices are also used to lower incidence rate of cardiac diseases, and are expected to be available in majority of hospitals. As a result, the demand of angiography devices is expected to prevail for decades, boosting the upsurge of the market growth during the forecast period. Some other factors driving the growth of the global market include,

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Favourable government regulations
Commercialisation of angiography diagnosis
Rising awareness for diagnosis of heart diseases

On the other hand, the major challenges curbing the growth of the global angiography devices market include,

Absence of Reimbursement

In case the device gets damaged due to ineluctable factors, the manufacturers do not return the costs or exchange it. Local medical facilities limit the use of fragile angiography device, thus lowering the diagnosis of cardiovascular diseases.

Coping with Changing Regulatory Requirements

The changing medical regulations require a regular upgrading of angiography devices, which restricts the demand for existing or primitive devices and equipment.

Expensive Costs

The high cost of angiography devices has led to emergence of relatively cheap, inaccurate and disreputable angiography equipment, which diversifies the demand in the global angiography devices market.

Angiography Devices Market: Segmentation

The global angiography devices market is classified on the basis of device, product-type, applications, procedures, end-users and clinical indication.

Based on devices, the global angiography devices market is segmented into,

Magnetic Resonance Angiography (MRA)
Computed Tomography Angiography (CTA)
Conventional Angiography
Digital Subtraction Angiography (DSA)
Catheter angiography
Coronary angiography
Others

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Procedure-wise segmentation of the global angiography devices market includes,

Coronary Angiography
Pulmonary Angiography
Cerebral Angiography
Extremity Angiography
Renal Angiography

The End-user based classification of the global market for angiography devices is segmented into,

Hospitals and Surgical Centres
Diagnostics Centres
Academic and Research Institutes

Based on indication, the global angiography devices market includes sub-segments such as,

Coronary Artery Disease (CAD)
Congenital Heart Disease
Congestive Heart Failure
Kidney Disorders
Others

Global Angiography Devices Market: Region-wise Outlook

Furthermore, the global market for angiography devices is also segmented on the basis of key geographical regions. In terms of revenue, North America will continue to dominate the global market. The US and Canada are expected to foster the demand for angiography devices, owing to the higher incidences of cardiac diseases. Whereas in Europe, the unhealthy lifestyle among the working segment of the society will lead to the rise in heart ailments, thereby fuelling the growth of its angiography devices market.

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Competitive Landscape

Abbott Vascular (Abbott Laboratories), Toshiba Medical Systems Corporation, Royal Philips Electronics, GE Healthcare, Medtronic, Inc., Cordis Corporation, Shimadzu Corporation, and Siemens Healthcare, among others, are the key competitors in the global angiography devices market. In order to expand the market, key companies as such must incorporate advanced technologies and develop the next-gen angiography equipment. For example, AccuronTechnologies Limited, a tech engineering company, has recently announced a merger with Malaysia-based Aurum Healthcare to improve the OEM abilities of the latter.

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This release was published on openPR.