Angio Suites Market Report Scope & Overview:

The Angio Suites Market size was valued at USD 1245.0 million in 2022 and is expected to grow to USD 2104.20 million by 2030 and grow at a CAGR of 6.78% over the forecast period of 2023-2030.

Multi-purpose exam rooms called Angio suites are used to execute a variety of Angio interventional procedures. Angioplasties, therapeutic stenting, blockage bypasses, intravascular treatment, myelograms, vertebroplasty, and the removal of tissue samples without surgery are among the procedures carried out in these. Angio Suites often have an image intensifier, an X-ray generator, and a rotating table top for simple patient placement and movement. Aortic analysis, complex angiography, stomach aortic aneurysm, and other procedures are all available in angio suites.

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MARKET DYNAMICS

KEY DRIVERS:

• Growing Healthcare Policies

• Technological developments

The capabilities of Angio Suites have been greatly enhanced by ongoing developments in imaging technologies and minimally invasive techniques. Angio Suites' incorporation of cutting-edge imaging technologies, including computed tomography (CT) and magnetic resonance imaging (MRI), has made it possible to precisely and instantly visualize blood arteries, assisting in the diagnosis and treatment of patients.

RESTRAIN:

• Accessibility Issues

• High Investment

 Angio Suites are complex and cutting-edge medical imaging equipment that call for a large financial commitment for acquisition, installation, and upkeep. Smaller healthcare facilities or those operating in areas with low financial resources may find the high cost to be a hindrance.

OPPORTUNITY:

• Expanding Treatment Option

• Improved Diagnostic Capabilities

Angio suites offer high-resolution imaging features that let medical professionals precisely diagnose and evaluate problems affecting the blood vessels. This enables accurate diagnosis, earlier disease identification, and better treatment planning.

CHALLENGES:

• Infection Control

• Maintenance and downtime

Angio suites contain sophisticated technology that needs routine upkeep and sporadic repairs. When equipment breaks down, the workflow might be disrupted, and treatments may need to be rescheduled, which could have an impact on patient care and raise costs. As a result, having a solid maintenance strategy and backup systems is crucial.

IMPACT ANALYSIS IMPACT OF COVID-19

The COVID-19 pandemic caused a significant restructuring of medical procedures and healthcare services. During the COVID-19 crisis, many countries separated medical treatments based on the necessity for urgent medical attention to expedite the workflow, and numerous medical procedures that were considered elective were suspended. For instance, according to a Center for Health Design Organization report from 2023, the patients were isolated and received care in distinct Angio rooms with ventilation devices to prevent cross-contamination. During the pandemic, most hospitals treated acute cases of emergency including life-threatening conditions such as thrombectomy for stroke, endovascular aortic aneurysm repair for aortic ruptures, non-deferrable oncologic treatments, and organ-saving procedures.

IMPACT OF RUSSIA-UKRAINE WAR

Some indirect effects of the Russian-Ukrainian conflict on the market for Angio are the battle may have caused hospitals and other healthcare facilities to be destroyed or damaged in the impacted areas. As healthcare organizations work to rebuild and restore their operations, this could make it more difficult for people to embrace and use Angio Suites.

Armed conflicts have the potential to lead to economic instability in the affected areas, which could have negative effects including less healthcare spending and less investment in medical technology. In such circumstances, hospitals and healthcare organizations might decide to delay or cut back their intentions to buy pricey equipment like Angio Suites, which would restrict the market's expansion.

IMPACT OF ONGOING RECESSION

Several things can affect the demand for Angio suites during a recession During a recession, hospitals and healthcare providers may experience financial difficulties and healthcare budgets may be cut. A decrease in capital expenditures, including purchases of pricey medical equipment like Angio suites.

During a recession, hospitals and healthcare facilities may postpone or abandon expansion plans or equipment improvements. The demand for Angio suites may be impacted as a result of healthcare providers prioritizing necessary expenses. Economic downturns can put pressure on insurance firms and government healthcare programs to lower reimbursement rates. Lower reimbursement rates might deter healthcare organizations from purchasing pricey equipment, such as Angio suites.

KEY MARKET SEGMENTATION

  By Product type:

• Single plan Angio

• Biplane Angio Suits

By End users:

• Hospitals

• Cath labs

• Other

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REGIONAL ANALYSIS

North America is anticipated to be the market leader for Angio suites. Due to rising investments, technical improvements, and the rising incidence of cardiovascular and other chronic diseases. North America has a strong presence of leading market players, increasing investments in research and developments, and the prevalence of cardiovascular disease.

Asia Pacific is projected to expand at a rapid pace followed by the market in Latin America and the Middle East and Africa. Rise in the focus of the government of countries in Asia on enhancing health care facilities, increasing in the focus of market players in Asia Pacific to leverage growth opportunities rise in the prevalence of cardiovascular diseases.

REGIONAL COVERAGE:

North America

• USA

• Canada

• Mexico

Europe

• Germany

• UK

• France

• Italy

• Spain

• The Netherlands

• Rest of Europe

Asia-Pacific

• Japan

• South Korea

• China

• India

• Australia

• Rest of Asia-Pacific

The Middle East & Africa

• Israel

• UAE

• South Africa

• Rest of the Middle East & Africa

Latin America

• Brazil

• Argentina

• Rest of Latin American

KEY PLAYERS:

The Major Players are Siemens, Koninklijke Philips N.V, Lam Vascular and Associates, Hitachi Ltd., ESAOTE SPA, IMRIS, Onex Corporation, Canon Inc., 3D Systems Inc., General Electric, Shimadzu Corporation, GIMIAS, FUJIFILM Holdings Corporation, Hologic, Inc., Planmeca, Mindray Medical, International Limited,ZEISS International, Guerbet, Surgical Science, B. Braun and other players listed in the final report.

Lam Vascular and Associates-Company Financial Analysis

RECENT DEVELOPMENTS

 The successful acquisition of the imaging business "BK Medical" from Boston, Massachusetts, in the United States was announced by GE Healthcare. A payment of USD 1.46 billion from GE has completed the deal. Additionally, the deal has improved GE Healthcare's ultrasound division.

'Bi-Plane Neuro Angio Procedure Suite' with DTAS (Direct to Angio Suite) technology was introduced by Yashoda Hospitals (Secunderabad, India), in honor of World Stroke Day.