Market Size of Angio Suites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Angio Suites Market Analysis
The angio suites market is expected to register a CAGR of 8.9% over the forecast period.
The sudden outbreak of the COVID-19 pandemic impacted most of the business sectors, including the angio suites market. Heart disease patients with COVID-19 experience various issues associated with their cardiac health. For instance, as per the article published in July 2022 in the Journal of Invasive Cardiology, the COVID-19 virus had several negative effects on the endothelium, vascular system, and heart, most of which are proinflammatory and prothrombotic. As a result, complications such as deep venous thrombosis, pulmonary embolism, stroke, and acute myocardial infarction (AMI) were likely to occur during the first month of active disease. Hence, such cardiac complications were likely to increase the demand for angio suites during the pandemic. At present, the market has reached its pre-pandemic nature in terms of demand for angio suits due to an increase in cardiac complications and various technological advancements and is expected to witness strong growth in the coming years.
The increasing burden of the geriatric population, cardiovascular diseases, the growing need for minimally invasive surgeries, and rapid technological advancements in diagnostic imaging are among the major factors expected to intensify the growth of the angio suites market.
According to the World Population Prospects 2022 report published by the United Nations, in 2022, there were 771 million people aged 65 years or over globally. The older population is projected to reach 994 million by 2030 and 1.6 billion by 2050. Since the geriatric population is more prone to getting cardiovascular diseases and other chronic illnesses, the rise in the geriatric population is likely to increase the demand for angio suites, which is anticipated to drive market growth. Furthermore, a rise in cardiac complications among the global population is expected to increase the demand for angio suites over the forecast period. For instance, according to the February 2023 update by AIHW, there were 146,000 coronary angiography procedures reported for patients admitted to hospitals in Australia, 97,200 (67%) for males and 48,900 (33%) for females during 2021-22. Hence, the rise in angiography procedures in various regions is expected to fuel market growth. Moreover, an increase in research studies focused on angio suites is likely to depict the advantages offered by the suites and thereby boost market growth. For instance, as per the article published in October 2022 in ScienceDirect, several improvements in angiographic imaging systems technology provide options to decrease radiation exposure. The researchers showed that image resolution was perceived to be better with cine angiography (CA) compared to fluoroscopic capture (FC), although not significantly affected by beam angulation or table height.
Hence, due to the high prevalence of cardiac complications and the increase in the utilization of angio suits, the studied market is expected to witness significant growth over the forecast period. However, the high cost of the installation of the angio suite is expected to restrain the market growth.
