Angiography Devices Market worth USD 20.1 Bn. by 2029: Growth, Size, Share, Trends, Forecast, and Supply Demand to 2029
Pune, 5, Dec 2022: According to Maximize Market Research, the Angiography Devices market is expected to reach USD 20.1 billion by 2029, growing at a CAGR of 6% during the forecast period. The market price report’s recovery-based survey includes critical information on growth strategy, market dynamics, innovations, business opportunities, and the competitive environment for 2021.
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Angiography Devices Market Scope and Research Methodology
The research report makes extensive use of primary and secondary data sources. During the research process, the following factors are investigated: government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and the technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges. To provide the final quantitative and qualitative data, all conceivable factors influencing the markets included in this research study were considered, thoroughly examined, validated through primary research, and evaluated. Market size for top-level markets and sub-segments is normalized, and the impact of inflation, economic downturns, regulatory & policy changes, and other variables is factored into the market forecast. This information is presented in the report, along with detailed inputs and analysis.
To estimate market size and analyze global market trends, bottom-up approaches were used. To obtain accurate inferences, data was collected from a large sample using both primary and secondary research methods. Surveys, questionnaire distribution, and phone interviews with industry experts, market leaders, entrepreneurs, and marketing professionals were the primary methods used. Secondary data was meticulously gathered from a carefully selected set of sources to ensure the accuracy of the conclusions. There are paid databases, industry journals, white papers, annual reports, product manufacturer and supplier releases, official databases of numerous organizations, and government websites with addition to white papers and annual reports. PESTLE analysis was used to understand various market factors, whereas SWOT analysis was used to understand the strengths and weaknesses of major corporations. As a result, the report goes into great detail about the Angiography Devices Market.
Angiography Devices Market Overview
An angiography system consists of a patient table suspended above an X-ray tube and detector to create still or video images of the body while a contrast medium is administered. Angiography devices are used by healthcare workers and doctors to diagnose patients by displaying extremely detailed images of the inside of the patient’s head, neck, body, legs, and arms. It can be used during surgery to inspect blood vessels while they are being repaired. Despite the fact that CT scans use radiation, no radiation is left in the patient’s body after the scan. The growing demand for accurate diagnosis and procedural equipment in the global healthcare market has influenced angiography device consumption. Because of the high prevalence of cardiovascular diseases, the demand for angiography devices is expected to rise even further during the forecast period.
Angiography Devices Market Dynamics
Traditional surgeries are more expensive and take longer than minimally invasive surgeries. These surgical procedures increase patient safety, decrease scarring, ensure faster recovery, and reduce hospital stays. According to a JAMA (Journal of the American Medical Association) news article, researchers at Johns Hopkins Medicine, a division of Johns Hopkins University (US), discovered that performing MIS procedures instead of traditional surgeries could save American hospitals between USD 281 million and USD 341 million per year.
Angiograms generated during the diagnosis phase present a detailed, clear, and accurate picture of a patient’s blood vessels in the heart, eliminating the need for costly invasive surgeries. As a result of the clinical and cost advantages provided by the former, medical professionals are increasingly preferring minimally invasive surgical procedures over traditional open procedures. As a result, the market for angiography devices is growing.
Angiography Devices Market Regional Insights
North America dominates the angiography devices market due to the high adoption rate of minimally invasive procedures, reimbursement availability, a growing geriatric population, and high medical equipment replacement rates. The region’s dominance is primarily due to factors such as a strong network of medical device companies and a large number of hospitals spread across cities and states with good funding opportunities. Furthermore, good support from government facilities aids in the development needed in the region’s healthcare sector for the overall treatment of cardiovascular diseases.
Angiography Devices Market Segmentation
By Product
- Angiography systems
- Catheters
- Guidewire
- Balloons
- Contrast media
- Vascular closure devices
- Angiography accessories
By Technology
- X-ray
- MRA
- CT
By Procedure
- Coronary
- Endovascular
- Neurovascular
By Application
- Diagnostic
- Therapeutic
By End User
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
Angiography Devices Market Key Competitors:
- Abbott Laboratories
- Cardinal Health Inc.
- GE Healthcare
- Medtronic PLC
- Shimadzu Corporation
- Siemens Healthineers AG
- Toshiba Medical Systems Corporation
- Royal Philips Electronics
- Cordis Corporation
- Terumo Corporation
- B. Braun Melsungen AG
- AngioDynamics
- Boston Scientific Corporation
- Canon Inc.
- Koninklijke Philips N.V.
- GENERAL ELECTRIC COMPANY
- Merit Medical Systems
- MEDI TECH DEVICES PVT LTD
- ST. STONE MEDICAL DEVICES PVT. LTD.
- InterMed Medical
- Abbvie Inc.
- Hologic, Inc
Key questions answered in the Angiography Devices Market are:
- What is an Angiography Devices?
- What is the growth rate of the Angiography Devices Market over the forecast period?
- What is the nature of competition in the Angiography Devices industry in developed economies and developing economies?
- Who are the key players in the Angiography Devices Market?
- Who are the market leaders in Angiography Devices in Europe?
- Who are the market leaders in Angiography Devices in USA and Canada?
- Who are the market leaders in Angiography Devices in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Angiography Devices Market?
- Who held the largest market share in the Angiography Devices Market?
- What are the factors for the growth of the Asia-Pacific region in the Angiography Devices Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product, Technology, Procedure , Application, End User, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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