Press Release

Angiography Devices Market Size to Witness CAGR of 9.6% from 2019-2025
October 2020

Angiography Devices Market Size to Witness CAGR of 9.6% from 2019-2025

According to iCognition Insights, the global angiography devices market size was estimated to be USD 10.41 billion in 2019 and is expected to witness a CAGR of 9.6% during the forecast period. Rising prevalence of cardiovascular diseases & obesity, increasing aging population, technological innovations, and growing preference for rapid & minimally invasive angiography surgeries are major factors driving the market growth. However, high cost of these devices and unfavourable reimbursement scenario for angiography procedures are restraining the growth.

Based on product, the market is segmented into angiography systems, guidewires, catheters, balloons, vascular closure devices, contrast media, and accessories. Based on technology, the market is segmented into X-ray angiography, CT angiography, MR angiography, and others. On the basis of application, the market is divided into diagnostics and therapeutics. Based on procedure, the market is divided into endovascular, neurovascular, and coronary.

In 2019, North America is the highest revenue generated region and is anticipated to hold its dominance over the forecast period owing to the rising prevalence of cardiovascular diseases, growing government funding, and increasing number of angiography procedures. In addition, the presence of major players in the U.S. is driving the regional growth.

Some of the key players in the Angiography Devices Market are Siemens Healthineers (Germany); Boston Scientific Corporation (U.S.); Medtronic, Inc. (U.S.); B. Braun Melsungen (Germany); GE Healthcare (U.S.); Koninklijke Philips N.V. (Netherlands); AngioDynamics Inc. (U.S.); Abbott Laboratories (U.S.); Shimadzu Corporation (Japan); and Cordis Corporation (U.S.).

Angiography Devices Market: Key Datapoints-

  • Rising prevalence of cardiovascular diseases & obesity, and technological innovations are key factors boosting the market growth
  • In 2019, the angiography systems product segment was dominating the market owing to technological advancements along with increasing number of patients with acute & chronic diseases.
  • MR angiography technology segment is expected to show a fastest growth rate over the forecast period from 2019 to 2025owing to its advantage such as minimum radiation exposure during procedures.
  • Diagnostics application segment accounted for the largest share of the market in 2019 majorly due to the increasing awareness of cardiovascular diseases, development of advanced technologies including CT & MRA that provide more accurate diagnosis of heart diseases
  • Asia Pacific is projected to exhibit fastest CAGR over the forecast period due to rising prevalence of cardiovascular diseases, growing geriatric population, and escalating disposable income in this region
  • The key players operating in the market are adopting different growth strategies such as collaboration, acquisition and new product development to sustain in this competitive market

Angiography Devices Market Scope-

Angiography Devices Market, By Product (Revenue, 2017-2025, USD Billion)

  • Angiography Systems
  • Balloons
  • Catheters
  • Guidewire
  • Vascular Closure Devices
  • Contrast Media
  • Angiography Accessories

Angiography Devices Market, By Technology (Revenue, 2017-2025, USD Billion)

  • X-ray Angiography
  • Computed Tomography (CT) Angiography
  • Magnetic Resonance Angiography (MRA)

Angiography Devices Market, By Application (Revenue, 2017-2025, USD Billion)

  • Diagnostics
  • Therapeutics

Angiography Devices Market, By Procedure (Revenue, 2017-2025, USD Billion)

  • Endovascular
  • Neurovascular
  • Coronary

Angiography Devices Market, By Region (Revenue, 2017-2025, USD Billion)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

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Angiography Devices Market Analysis by Product