Angiography Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Product (Angiographic Systems and Consumables), Technology, Application (Cerebral, Carotid, Peripheral, Aortic, Coronary, and Other Applications), End User, and Geography.

Market Snapshot

angiography devices market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.7 %

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Market Overview

The cardiovascular diseases which include heart attacks, strokes, and other circulatory diseases have become the leading cause of premature deaths. According to the World Health Organization, 2017, cardiovascular diseases account for nearly 17.9 million deaths per year, and this number is expected to grow to more than 23.6 million by 2030. Hence, the increasing number of cardiovascular diseases is driving the demand for angiography devices, which may ultimately result in the growth of the angiography devices market. Furthermore, other factors, such as rapid technological advances, increasing awareness of the population, and a high preference for minimally invasive procedures, are supplementing the market growth.

Scope of the Report

The angiography devices covered in the market include all modalities, including equipment and consumables used during the angiographic procedures. Angiography systems utilizing various technologies, such as MRI, CT, and X-ray, are also covered in the report, along with consumables and equipment, such as catheters, guidewires, contrast media, and incision closure devices.

By Product
Angiographic Systems
Consumables
Catheters
Guidewires
Contrast Media
Incision Closure Devices
Accessories
By Technology
MRI
CT
X-ray
Other Technologies
By Application
Cerebral
Carotid
Peripheral
Aortic
Coronary
Other Applications
By End User
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

The Hospital Segment is Expected to Dominate the Market During the Forecast Period

The main factors attributing to the dominance of the hospital segment are the availability of the larger patient pool, high resource availability, high penetration in diverse geographical locations, availability of accompanying healthcare infrastructure and procedures, availability of skilled labor, and affordability via government funding. A large number of complex cardiac disease cases are on the rise, with the growth in the number of deaths due to cardiovascular diseases, across both the developed and emerging markets. The high accessibility and affordability of hospitals, as compared to the specialty clinics, attract a large patient population suffering from cardiovascular diseases. The profitability index of hospitals also increases, as they benefit from the bulk purchase discounts and trade agreements with the manufacturers and suppliers. Furthermore, these trade agreements open new avenues to timely upgradation and early access to technologically advanced products by the manufacturers, enhancing the hospital’s treatment capability.

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North America Dominates the Angiography Devices Market

North America dominates the angiography devices market, owing to the high adoption rate of minimally invasive procedures, availability of reimbursements, rising geriatric population, and high replacement rates of medical equipment. Factors, such as a good network of medical device companies and a large number of hospitals across cities and states with good funding opportunities, primarily help the region dominate the market. Furthermore, good support from government facilities helps in the development required for the overall treatment of cardiovascular diseases in the healthcare sector of the region.

Europe is the second-largest market after North America. The significant share of the European countries can be attributed to the high prevalence of cardiovascular diseases, high government investments, faster product approval procedures, and rising adoption of angiography devices due to a large number of angiography screening procedures being performed.

Angiography Devices Market 2

Competitive Landscape

The angiography devices market is consolidated and highly competitive. A few global players dominate the market, primarily due to the stringent product approval process, along with the need for significant technological capabilities. The key market players include AngioDynamics Inc., Boston Scientific Corporation, Canon Medical Systems Corporation, Cardinal Health Inc., GE Healthcare, Medtronic PLC, Koninklijke Philips NV, Shimadzu Corporation, Siemens Healthineers AG, and Terumo Corporation.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Geriatric Population and Increasing Prevalence of Cardiovascular Diseases

      2. 4.2.2 Growing Demand for Interventional Angiography in Minimally Invasive Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 High Procedure and Equipment Cost

      2. 4.3.2 Risks Associated with Angiography Procedures

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Angiographic Systems

      2. 5.1.2 Consumables

        1. 5.1.2.1 Catheters

        2. 5.1.2.2 Guidewires

        3. 5.1.2.3 Contrast Media

        4. 5.1.2.4 Incision Closure Devices

        5. 5.1.2.5 Accessories

    2. 5.2 By Technology

      1. 5.2.1 MRI

      2. 5.2.2 CT

      3. 5.2.3 X-ray

      4. 5.2.4 Other Technologies

    3. 5.3 By Application

      1. 5.3.1 Cerebral

      2. 5.3.2 Carotid

      3. 5.3.3 Peripheral

      4. 5.3.4 Aortic

      5. 5.3.5 Coronary

      6. 5.3.6 Other Applications

    4. 5.4 By End User

      1. 5.4.1 Hospitals

      2. 5.4.2 Diagnostic Centers

      3. 5.4.3 Ambulatory Surgical Centers

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle-East and Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle-East and Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 AngioDynamics Inc.

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 Abbott Laboratories

      4. 6.1.4 Cardinal Health Inc.

      5. 6.1.5 GE Healthcare

      6. 6.1.6 Medtronic PLC

      7. 6.1.7 Koninklijke Philips NV

      8. 6.1.8 Shimadzu Corporation

      9. 6.1.9 Siemens Healthineers AG

      10. 6.1.10 Terumo Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Angiography Devices Market market is studied from 2018 - 2026.

The Angiography Devices Market is growing at a CAGR of 4.7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

AngioDynamics Inc., Canon Medical Systems Corporation, GE Healthcare, Siemens Healthineers AG, Koninklijke Philips NV are the major companies operating in Angiography Devices Market.

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