The global angiography equipment market is driven by factors such as rising prevalence of cardiovascular diseases (CVDs) and cancer, increasing awareness programs for cardiovascular and metabolic diseases and funding from government institutes and organizations, growing geriatric population, and surging demands of angiography systems for minimally invasive surgeries.
On the basis of product, the market is fragmented into angiography systems, vascular closure devices (VCDs), balloons, catheters, guidewires, contrast media, and accessories. Angiography systems hold the largest share in the market. This is attributable to the increasing number of patients with CVDs and cancer, and technological advancements in these products.
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Based on technology, the angiography equipment market is categorized into X-Ray angiography, MR angiography, CT angiography, and others (includes fluorescein angiography and optical coherence tomography angiography). X-ray angiography technology is the most widely adopted technology in the market. This is due to increasing number of interventional and diagnostic X-ray procedures.
Based on indication, the angiography equipment market is classified into coronary artery disease, valvular heart disease, congestive heart failure, congenital heart disease, and others. On the basis of application, the angiography equipment is used for diagnostics and therapeutics purposes.
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According to American Diabetes Association (ADA), in 2015, around 30.3 million Americans (9.4% of the population), had diabetes, in which around 23.1 million were diagnosed, and 7.2 million were undiagnosed. In accordance with recent statistics, 1.5 million Americans are diagnosed every year. Furthermore, according to the International Diabetes Federation, around 45.9 million adults aged 20-29 years were living with diabetes in the IDF NAC region in 2017.
Some of the other key players operating in the angiography equipment industry are General Electric Company, Siemens AG, Terumo Corporation, Abbott Laboratories, Boston Scientific Corporation, Medtronic plc, Canon Inc., Cardinal Health Inc., B. Braun Melsungen AG, and AngioDynamics Inc.
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