The coronary angiography devices market is experiencing significant growth, fueled by the increasing demand for coronary angiograms. A coronary angiogram is a minimally invasive procedure that utilizes X-ray imaging to visualize the coronary arteries, the vessels supplying blood to the heart muscle. This procedure plays a crucial role in diagnosing and managing coronary artery disease (CAD), the leading cause of death globally.
The rising prevalence of CAD, coupled with growing awareness of its symptoms and risk factors, is driving the demand for coronary angiograms. Early diagnosis and intervention for CAD are critical for improving patient outcomes. Coronary angiograms provide physicians with a clear picture of the coronary arteries, allowing them to identify blockages or narrowing that could lead to heart attacks or strokes. As the population ages and risk factors for CAD, such as diabetes and high blood pressure, become more prevalent, the demand for coronary angiograms is expected to continue rising, fueling the growth of the coronary angiography devices market.
The Coronary Angiography Devices Market is expected to reach USD 11.96 Billion by 2030 at 6.20% CAGR during the forecast period 2022-2030.
Segments:
- By Product:
- Angiography Catheters
- Angiography Balloons
- Vascular Closure Devices (VCDs)
- Angiography Systems
- Angiography Contrast Media
- Angiography Accessories
- Angiography Guidewires
- Others
- By Devices:
- Computed Tomography Angiography (CTA)
- Magnetic Resonance Angiography (MRA)
- Conventional Angiography
- Catheter Angiography
- Digital Subtraction Angiography (DSA)
- Coronary Angiography
- Others
- By Procedure:
- Endovascular Angiography
- Coronary Angiography
- Peripheral Vascular Angiography
- Other Angiography Procedures
- By Technology:
- CT Angiography
- X-Ray Angiography
- MR Angiography
- Other Angiography Technologies
- By Indication:
- Coronary Artery Disease
- Congestive Heart Failure
- Valvular Heart Disease
- Congenital Heart Disease
- Other Indications
- By Application:
- Diagnostics
- Therapeutics
- Others
- By End-user:
- Hospitals & Clinics
- Diagnostic & Imaging Centers
- Research Institutes
- Others
- By Regions:
- Europe
- Americas
- Asia Pacific
- Middle East & Africa
- Rest-of-the-World
Geographical Analysis:
- North America:
- Dominates the market due to well-established healthcare sector, high prevalence of cardiovascular diseases, and advanced technology.
- Increasing geriatric population and awareness about early diagnosis and treatment fuel market growth.
- Europe:
- Second-leading market with increasing healthcare expenditures and growing patient population for cardiovascular diseases.
- Well-developed healthcare infrastructure and technological advancements contribute to market growth.
- Asia Pacific:
- Emerging as a promising market globally with rising cases of cardiovascular diseases.
- Proliferating healthcare sector in highly populated countries and increasing investments foster regional market growth.
- Growing geriatric population and spreading healthcare awareness positively influence market growth.
Competitive Landscape:
- Highly competitive market with many well-established players adopting strategies such as mergers & acquisitions, collaboration, expansion, and product & technology launch to gain a larger market share.
- Substantial investments in R&D are made to enhance existing products and develop new ones.
The coronary angiography devices market is also driven by advancements in angiography systems equipment. This equipment encompasses a range of specialized tools used during coronary angiograms. These include catheters, which are thin, flexible tubes inserted into the bloodstream to deliver contrast dye. The contrast dye highlights the coronary arteries on X-ray images, allowing physicians to identify blockages or narrowing of the vessels. Guidewires, another essential component, are used to navigate the catheters through the vascular system to reach the coronary arteries.
Advancements in angiography systems equipment are leading to improved image quality and reduced radiation exposure during coronary angiograms. For example, new catheter designs with lower profiles allow for easier navigation through blood vessels, minimizing patient discomfort. Additionally, advancements in imaging systems like fluoroscopy units are reducing the amount of radiation needed to capture clear images of the coronary arteries. These technological improvements are making coronary angiograms a safer and more efficient procedure, further propelling the growth of the coronary angiography devices market.
Major Players:
Leading coronary angiography devices companies include Boston Scientific Corporation, Terumo, Canon Medical Systems, B. Braun Melsungen AG, Cordis (A Cardinal Health Company), Angiodynamics, Toshiba Medical Systems Corporation, Abbott Vascular (Abbott Laboratories), Royal Philips Electronics, Medtronic, Inc., GE Healthcare, Shimadzu Corporation, and Siemens Healthcare, among others.
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