Angiography is a minimally invasive process used to visualize the inside, or lumen, of the blood vessels and organs of the body. The conventional angiography technique is used in the detection, diagnosis, and treatment of heart diseases, acute stroke, brain aneurysm, and vascular diseases.
Increasing cases of angiography procedures, growing geriatric population, and benefits of angiography techniques in early diagnosis & treatment escalate the market growth to furthered height. According to Market Research Future (MRFR), the global angiography equipment market size is estimated to grow at approximately 5.2 % CAGR during the review period (2018-2023).
On the other hand, limitations in reimbursement for angiographic surgeries and the risk of radiation exposure are the major factors inhibiting the growth of the market. Nevertheless, new product development led by the advancements in technologies would support the market growth throughout the anticipated period, gaining faster market entry and market share.
Angiography Equipment Market - Regional Analysis
Europe dominates the global angiography equipment market. The largest market share attributes to the presence of well-developed infrastructure, major market players, and a flourishing medical equipment market. Besides, factors such as the growing prevalence of cardiovascular disorders and technological advances drive the regional market growth excellently.
Additionally, the increasing numbers of angiography procedures and increasing preference for minimally invasive diagnostic & treatment procedures contribute to the increase of the regional market size. The European angiography equipment market is estimated to create a substantial revenue pocket over the assessment period.
China, Japan, and India would remain at the forefront in the regional market owing to their large size and growing economic clout. The APAC angiography equipment market is forecasted to witness substantial developments over the next four years.