Angiography Devices Market Size, Share & Growth Report 2032

Angiography Devices Market Insights

According to a report from Zion Market Research, the global Angiography Devices Market was valued at USD 9.52 Billion in 2023 and is projected to hit USD 90.99 Billion by 2032, with a compound annual growth rate (CAGR) of 28.5% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Angiography Devices Market industry over the next decade.

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Angiography Devices Market: Overview

Angiography devices are used to conduct angiography, a medical imaging technique that allows doctors to see into the body's blood vessels and organs, particularly the arteries, veins, and heart chambers. It is conducted by injecting a dye that can be seen by X-rays into arteries or veins and examined using X-rays. The developed results are called angiograms.

The rising prevalence of cardiovascular diseases and a corresponding need for accurate diagnostics can be expected to positively drive the growth of this market. One of the recent trends involves the development of innovative technologies that require lower doses of X-rays while preserving the image quality. Key vendors are also offering integrated transesophageal echo (TEE) with live fluoro imaging in order to display them in one view instead of conducting them separately.

COVID-19 Impact Analysis

The COVID-19 pandemic hurts the angiography devices market, with cardiovascular operations being severely disrupted due to the postponement of non-essential elective surgeries and medical procedures in 2020 to conserve medical resources for COVID-19 patients at the outset of the pandemic. Furthermore, increased costs of treating COVID-19 patients and PPE resulted in reduced capital expenditure on imaging devices such as angiography devices.

Angiography Devices Market: Growth Factors

Rising demand for minimally invasive surgeries can boost the growth of this market, as angiograms conducted during the diagnosis phase give a detailed, clear, and accurate picture of the blood vessels in a patient's heart, obviating the need for costly invasive surgery. Surgeons are also opting for such procedures owing to the reduced risks and costs associated with it.

Moreover, factors such as the prevalence of cardiovascular problems, an aging population, rising obesity rates due to lifestyle changes, and high consumption of fast food are likely to boost the global angiography devices market.

Angiography Devices Market: Report Scope

Angiography Devices Market: Segmentation Analysis

By Product Segment Analysis

The angiography systems segment held a share of around 29.12% in 2023. Factors such as technological developments in angiography devices, an increase in the number of patients with cardiovascular diseases and other chronic ailments, and an increase in the number of angiography procedures performed around the world are all contributing to the huge share.

By Technology Segment Analysis Preview

The MRI segment will grow at a CAGR of over 7.2% from 2024 to 2032. Owing to its advantage of less radiation exposure in the diagnosis of heart disease, MRI is predicted to be the fastest-growing technology. MRI can gather pictures in any anatomical plane with good soft tissue contrast in three dimensions.

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Angiography Devices Market: Regional Analysis

The North American region held a share of 33.4% in 2023. This is attributable to the presence of top companies such as GE Healthcare, Boston Scientific Corporation and Cordis Corporation among others. Moreover, the high rate of minimally invasive procedures adoption, easy reimbursements, growing geriatric population, and high medical equipment replacement rates are expected to generate huge demand for the market in this region.

The European region is projected to grow at a CAGR of around 8.2% over the forecast period. Increasing awareness of minimally invasive procedures, government investments, high prevalence of cardiovascular diseases are some of the factors causing the growth of the market in this region.

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Angiography Devices Market: Competitive Analysis

Some of the major players in the global Angiography Devices market include:

• GE Healthcare
• Koninklijke Philips N.V.
• Siemens Healthineers
• Canon Corporation
• Shimadzu Corporation
• Boston Scientific Corporation
• Cordis Corporation
• Medtronic Inc.
• AngioDynamics
• Abbott Laboratories

The global angiography devices market is segmented as follows:

By Product

• Angiography Systems
• Catheters
• Guidewire
• Balloons
• Contrast Media
• Vascular Closure Devices
• Angiography Accessories

By Technology

• X-Ray
• MRI
• CT
• Others

By Procedure

• Coronary
• Endovascular
• Neuroangiography
• Onco-angiography
• Other

By Application

• Diagnostic
• Therapeutic

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa