Angiography Imaging Systems Market

Angiography Imaging Systems Market Outlook

The global angiography imaging systems market size reached US$ 5.5 Bn in 2021. The demand for angiography imaging systems is estimated to total US$ 5.8 Bn by 2022, projecting growth at a CAGR of around 6% to 7% during the assessment period 2022-2032. The sales of angiography imaging systems are expected to surpass a valuation of US$ 9.5 Bn by the end of 2032.

Angiography is a type of medical imaging technique used to visualize the inside of the body organ and blood vessels especially veins, arteries, and heart chambers. Angiography imaging systems includes X-Ray machines, computed tomography (CT) scanner, magnetic resonance imaging (MRI) system, and others that are used to perform angiography.

What are the Leading Governing Factors Augmenting the Growth in the Global Angiography Imaging Systems Market?

Over the past couple of years, a significant rise in the burden of cardiovascular diseases such as arrhythmias, heart attack, stroke, deep vein thrombosis, and others is being witnessed across the world, due to the increasing tobacco use, smoking, alcohol abuse, and others. This is creating strong demand for associate diagnosis and treatment solutions.

For instance, according to a study by the World Health Organization (WHO), cardiovascular diseases are considered as the leading cause of death worldwide, accounting for around 17.9 Mn fatalities due to the diseases in the year 2019.

As angiography imaging systems play a vital role in the diagnosis of various critical conditions such as arrhythmias, heart attack, stroke, and others, the increasing prevalence of cardiovascular diseases is expected to create growth prospects in the global market.

Which are the Challenges Hindering the Sales of Angiography Imaging Systems in the Global Market?

Despite various advantages associated with the use of angiography imaging systems, extravagant cost of the angiography procedures, unsuitability for critically ill patients, and high risk of injury due to catheterized artery among others is impeding the growth in the global market.

In addition to this, growing patient inclination toward adopting minimally invasive medical imaging solutions and the high cost of angiography imaging systems are further hindering the sales in the market.

Sabyasachi Ghosh

Principal Consultant

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Why is North America Emerging as a Highly Remunerative Angiography Imaging Systems Market?

As the FMI, North America is expected to register robust growth in the global angiography imaging systems market during the forecast period 2022-2032.

Due to the growing obesity, increasing consumption of alcohol, growing bad eating habits, there is a swift rise in burden of kidney and heart-related disorders across North America. For instance, according to the National Institute of Diabetes and Digestive and Kidney Diseases, more than 1 out of 7 adults, or nearly 37 million people across the U.S. are reported to be having chronic kidney diseases.

As angiography imaging systems are extensively used for visualizing the blood vessels in the kidneys and heart for the assessment and identification of the complications, rising incidence of such diseases is estimated to favor the growth in the North America market.

What are the Sales Prospects of Angiography Imaging Systems in the Western Europe Market?

Western Europe is expected to account for a significant share in the global angiography imaging systems market from 2022 to 2032, states Future Market Insights.

As the prevalence of disorders related to heart, brain, kidney, and blood vessels continues to rise along with increasing adoption of angiography procedures, there is a rapid surge in demand for angiography imaging systems. Hence, key players in the market are aiming at receiving regulatory approvals for introducing novel products to cater to the growing demand.

For instance, in 2019, Siemens Healthineers, a German medical device company announced receiving Food and Drug Administration (FDA) 510(k) clearance for its new high-precision angiography system, ARTIS icono. A slew of such developments is projected to accelerate the sales in the Western Europe market.

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Market Competition

Some of the leading players in the angiography imaging systems market are Omega Medical Imaging LLC, Siemens AG, Shimadzu Corporation, Koninklijke Philips N.V., Canon Inc., and others.

Prominent players in the global market are focusing at introducing novel products and entering into collaboration, partnership, and acquisition to gain edge in the highly competitive market.

Report Scope

Key Segments Profiled in the Angiography Imaging Systems Market Survey

By Technology:

• X-Ray Angiography
• CT Angiography
• MRI Angiography
• MR-CT Angiography

By Application:

• Cardiology
• Oncology
• Neurology
• Peripheral and Vascular Intervention
• Others

By End User:

• Hospitals
• Ambulatory Surgical Centers
• Diagnostic Centers
• Cath Labs
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa