The global angiography equipment market primarily consists of the x-ray based medical imaging technique used to visualize the inside and receive images of blood vessels and organs. Angiography equipment provides clear images of blood vessels and organs using imaging methods like CT, MRI, X-ray imaging. It is widely used in cardiovascular procedures to diagnose, monitor and treat conditions like coronary artery disease, heart disease, and vascular occlusions. The growing prevalence of cardiovascular diseases and rapidly aging population across the globe are the key factors propelling the demand for angiography procedures. The Global Angiography Equipment Market is estimated to be valued at US$ 12.17 BN in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2030.

Key Takeaways
Key players operating in the global angiography equipment market are B. Braun Melsungen AG, Koninklijke Philips N.V., GE Healthcare, Cardinal Health, Siemens Healthcare Gmbh, Shimadzu Corporation, Medtronic plc, Boston Scientific Corporation, ANGIODYNAMICS, Abbot, Microport Scientific Corporation, Terumo Corporation, CURATIA MEDICAL INC., Cook Medical, Merit Medical Systems, Inc. and Applied Medical Resources Corp. The key players are focusing on geographical expansion and new product launches to gain competitive advantage in the market.

The growing demand for minimally invasive procedures and interventional radiology techniques are fueling the angiography equipment market. Technological advancements in angiography systems like flat panel detectors, biplane angiography systems are allowing high-resolution imaging and improved workflow efficiency. Additionally, rising awareness about benefits of early disease diagnosis and treatment is propelling the demand for angiography procedures globally.

The increasing geriatric population prone to cardiovascular diseases and expanding healthcare infrastructure in developing economies are providing opportunities for global expansion of angiography equipment market. Players are focusing on emerging markets in Asia Pacific and Latin America for market penetration due to growing medical tourism and demand for quality healthcare services.

Market drivers
The rising burden of cardiovascular diseases worldwide due to sedentary lifestyles, obesity, smoking is a major factor driving the angiography equipment market. As per WHO, cardiovascular diseases(CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year. Furthermore, growing use of angiography in interventional cardiology for procedures like angioplasty and stent placement is supplementing the demand for angiography systems. Technological innovations leading to development of new generation angiography systems with better image quality and precision is bolstering the growth of angiography equipment market.

Concentration of Global Angiography Equipment Market in Key Geographical Regions

The Global Angiography Equipment Market Growth  in terms of value is highly concentrated in developed regions of North America, Western Europe, Japan, Australia, and South Korea. North America alone accounts for over 35% of the global market revenue due to the high penetration of angiography procedures in the U.S. healthcare system and presence of leading OEMs in the country.

Western European nations such as Germany, France, UK, Italy also occupy sizable shares owing to advanced healthcare infrastructure and rising disease prevalence. Countries like Japan, South Korea, and Australia exhibit high growth on account of universal healthcare coverage, supportive government policies, reimbursements for angiographic diagnostics, and focus on quality care standards.

Fastest Growing Region in the Global Angiography Equipment Market

The Asia Pacific region, excluding Japan and Australia, is expected to witness the fastest growth in the global angiography equipment market during the forecast period. Factors such as the massive patient pool, increasing healthcare access/expenditure, growing middle-class incomes, and focus of device makers on emerging Asia are fueling the APAC market expansion.

China and India specifically will drive the growth owing to their huge populations, rapid economic development, and government efforts to modernize healthcare systems. Rising lifestyle diseases and aging trends and also creating long-term need for angiography in these countries. Other Southeast Asian nations like Thailand, Indonesia, Malaysia, Vietnam, and Philippines are anticipated to offer significant untapped opportunities for angiography device providers due to improving medical infrastructure and patient awareness. The overall APAC angiography market growth rate is projected to outstrip the global average during the next decade.

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