Angiography Equipment Market Overview:

The Angiography Equipment Market Size was valued at USD 10.53 Billion in 2023 and is expected to reach USD 17.92 Billion by 2032 and grow at a CAGR of 6.11% over the forecast period 2024-2032.

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An increase in the incidence and prevalence of cardiovascular diseases resulted in better adoption of imaging systems for precise diagnosis and treatment driving the angiography equipment market. Ongoing developments in technology like better imaging quality and integration of AI are expected to have a positive impact on the penetration of these products across health care facilities. Increasing healthcare spending is also fueling the purchases of advanced angiography devices to address diagnostic needs. Also, the installed base of legacy systems plays a major role in the market, as it creates the demand for replacement with updated technologies. Pricing trends, as well as shifting reimbursement policies, are also key factors influencing market growth (accessibilities and adoption rates).

Angiography Equipment Market Dynamics

Key Drivers: 

• Advancing Angiography Equipment Market Driven by Cardiovascular Disease Rise and Innovative Imaging Solutions

The rapid growth of the angiography equipment market is primarily attributed to the increasing prevalence of cardiovascular diseases and the growing demand for minimally invasive diagnostic procedures. Because heart disease is one of the leading causes of death worldwide, the healthcare industry is investing heavily in advanced imaging systems (X-ray, MRA, and CT-based angiography) for accurate diagnosis. Technological innovations, 3D imaging, integrated AI, and real-time monitoring, which increase procedural results are expected to ensure demand for the market over the forecast period. The increase in the geriatric population, who are more prone to cardiac-based disorders is also a prominent factor driving demand for angiography systems, catheters, and guidewires. In addition to this, improved healthcare infrastructure and rising investments in diagnostic centers, particularly in developing economies are further supporting the market growth.

Restrain:

• Regulatory Challenges and Radiation Risks Hinder Innovation in the Angiography Equipment Market

One of the challenges in the angiography equipment market is the strict regulatory complexities and approval process. Players in Japan are constrained by stringent safety and performance standards for medical imaging devices, especially equipment used in angiography, resulting in significant time to launch and increasing barriers to entry into the market. Moreover, compliance with changing healthcare regulations, which necessitates considerable investment in preclinical development and documentation, is also a factor. Because of these challenges, small and mid-sized companies face hurdles that limit innovation and also diversity of new products. Similarly, X-ray-based angiography systems pose radiation exposure risks to both patients and healthcare providers driving the need to develop alternative imaging technologies or improved protection methods.

Opportunity: 

• Innovation and Digital Advancements Drive Growth Opportunities in the Angiography Equipment Market

Innovation and product development are creating opportunities in the market. For example, contrast media is projected to experience rapid growth owing to improved visualization during angiographic procedures. In addition, the surge in the installation of digital angiography systems, which provide clearer images is expected to offer significant growth opportunities. In the longer run, the organizations investing in portable and hybrid imaging solutions are expected to be better positioned. Moreover, rising awareness about early diagnosis along with government efforts for improved cardiovascular care, is expected to open new avenues in the developed as well as developing regions.

Challenges:

• Skill Shortages and Training Gaps Limit Angiography Equipment Adoption Despite Automation Efforts

A further challenge is the lack of suitably qualified healthcare professionals trained in the handling of advanced angiography systems. The specialized nature of complex procedures such as coronary, neurovascular, or endovascular interventions necessitates knowledge and experience, thus reducing the uptake of these technologies in the absence of trained personnel. Moreover, a lack of knowledge about the advantages of early diagnosis through angiography procedures in some areas might restrict the uptake of the market. However, there is a concerted effort within the industry to engineer systems with reduced interfaces and more automation that will minimize the need for specialized skills to maintain safety controls, especially concerning radiation.

Angiography Equipment Market Segmentation Analysis

By Product 

The angiography systems segment held the largest share of the angiography equipment market, accounting for a 22.90% share of the total market in 2023. The growth is driven by the increasing adoption of advanced imaging technologies, improved diagnostic accuracy, and the rising volume of cardiovascular procedures across the globe. To improve patient outcomes, hospitals and diagnostic centers are increasingly investing in advanced angiography systems which in turn is driving their market share.

From 2024 to 2032, the fastest growing segment will be contrast media. The market growth is attributed to the increasing demand for better visualization at the time of angiographic procedures, for the detection of vascular anomalies by the provider. The increased use of contrast agents is also partially driven by technological advances like lower toxicity and higher-quality imaging. With the advent of minimally invasive procedures trending, the need for efficient and safer contrast media will boost this segment thereby contributing to the growth of the angiography equipment market.

By Technology 

In 2023, X-ray technology dominated the angiography equipment market, capturing a significant share. The large share of X-rays is partly due to the adoption of X-ray systems in hospitals and diagnostic centers as they are cost-effective offer high-speed imaging and have a proven advantage for the diagnosis of cardiovascular diseases. Market drivers for this segment include the widespread use of X-ray angiography systems in coronary and peripheral vascular procedures. Also, the ongoing developments in digital X-ray imaging such as better image quality and lower radiation dosage further propelled the adoption of X-ray imaging.

MRA is expected to grow at the highest CAGR during the forecast period from 2024 to 2032. MRA offers the advantage of being non-invasive and radiation-free, with high-resolution vascular imaging, which drives the growth of this segment. Moreover, growing awareness about non-radiation emitting diagnostic approaches and high demand for improved imaging accuracy in neurovascular and endovascular procedures are expected to promote the adoption of MRA and this segment is anticipated to be a lucrative region shortly.

By Procedure 

The coronary segment led the angiography equipment market in 2023. The rising incidence of coronary artery disease (CAD), one of the most common causes of death globally is the primary factor contributing to this dominance. A surge in diagnostic and therapeutic coronary interventions like angioplasty and stent placements has fueled the demand for these systems in this segment. Moreover, advancements in coronary imaging technologies, including catheter designs and real-time monitoring also assist in market development.

The endovascular segment is estimated to have the fastest CAGR between 2024 and 2032. The increasing trend towards the minimally invasive endovascular procedure for vascular diseases is believed to fuel this market growth. They also have been gaining popularity due to their faster recovery, lower complication rate after surgery, and better results for the patient. In the Future Advancements in the field of endovascular devices & imaging will continue to grow the market.

By Application 

The diagnostic segment occupied the largest angiography equipment market share in 2023 and is expected to maintain its lead throughout the forecast period as well, with the highest CAGR from 2024 to 2032. This substantial share is attributed to the growing requirement for precise and early diagnosis of cardiovascular diseases, which are still a leading health issue worldwide. Diagnostic angiography is a vital imaging technique used to diagnose blockages, vascular abnormalities, aneurysms, etc., hence widely being incorporated by hospitals and diagnostic centers. Recent technological improvements in diagnostic imaging systems (higher resolution, quicker imaging, and lower radiation doses) have also made these devices more attractive. Moreover, the increasing adoption of non-invasive diagnostic tests and rising awareness regarding preventive healthcare are fueling the segment of accelerating growth. With increasing healthcare providers implementing early detection strategies for better patient outcomes, the diagnostic angiography equipment market is anticipated to grow rapidly.

Angiography Equipment Market Regional Insights

In 2023, North America accounted for the largest share of the angiography devices market. This domination is due to the very well-established healthcare infrastructure in the region, followed by better adoption of advanced imaging technologies and increased prevalence of cardiovascular cases. Moreover, the availability of prominent market players such as GE Healthcare, Siemens Healthineers, and Philips Healthcare has also driven the innovation and offerings of products in the region. Mayo Clinic in the USA has been implementing advanced angiography systems for real-time diagnostic and interventional management of cardiac disease to improve procedural efficiency and patient outcomes. Moreover, the market growth is also aided by favorable government initiatives and healthcare reimbursement policies.

Asia-Pacific is expected to grow at the highest CAGR between 2024 and 2032. Advancing healthcare infrastructure, increasing investments in medical technology, and rising emphasis on preventive care are driving this growth. The rising patient pool in nations like China, India, and Japan also serves as a driver for the growth of advanced angiography systems. Angiography systems are one such advanced system adopted by many hospitals across the globe. For instance, Apollo Hospitals, India is using advanced angiography systems in India for early diagnosis and effective treatment of heart diseases. Growing awareness towards healthcare coupled with governments investing to expand medical infrastructure in the region will enable Asia-Pacific to become one of the major contributing regions to the growth of the angiography equipment market.

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Key players in the Angiography Equipment Market

Some of the major players in the Angiography Equipment Market are:

• Siemens Healthineers (Artis zee angiography system)

• GE Healthcare (Innova IGS 530)

• Philips Healthcare (Azurion 7 C20)

• Canon Medical Systems (Alphenix Core+)

• Shimadzu Corporation (Trinias series)

• Boston Scientific (TAXUS™ Liberte™ Paclitaxel-Eluting Coronary Stent System)

• Medtronic (Resolute Onyx Drug-Eluting Stent)

• Abbott Laboratories (XIENCE Sierra Everolimus-Eluting Coronary Stent System)

• Terumo Corporation (Misago Peripheral Self-expanding Stent)

• B. Braun Melsungen (SeQuent Please NEO Drug-Eluting Balloon Catheter)

• Cardinal Health (Cordis PALMAZ Blue Coronary Stent System)

• Edwards Lifesciences (SAPIEN 3 Transcatheter Heart Valve)

• Biotronik (Orsiro Mission Drug-Eluting Stent System)

• Teleflex (MANTA Vascular Closure Device)

• Inari Medical (ClotTriever Thrombectomy System)

Recent Trends

• In May 2024, GE HealthCare and Medis Medical Imaging partnered to enhance non-invasive coronary assessments, aiming to improve precision care in Coronary Artery Disease (CAD) treatment.