Angiography Equipment Market

Global Angiography Equipment Market Size (2024 to 2029)

The global angiography equipment market size was worth USD 15.41 billion by 2029 from USD 12.00 billion in 2024, growing at a CAGR of 5.12% from 2024 to 2029. The material growth for the need and improving procedural tools and meticulous investigation in the healthcare business has raised the need for angiography equipment globally.

MARKET DRIVERS

The growing patient population with chronic diseases and the increasing aging population worldwide majorly propel the growth of the angiography equipment market. The growing global prevalence of chronic diseases is fuelling the need for accurate diagnosis and treatment planning. Angiography procedures offer detailed imaging of blood vessels. Healthcare professionals can visualize blockages, stenosis or other abnormalities accurately using these imaging outputs, which further leads to the precise and effective management of chronic diseases. On the other hand, the aging population is growing significantly worldwide. People who are aged are more likely to diagnose with various chronic diseases. Such a patient population drives the demand for angiography equipment to do the screening, diagnosis and interventional procedures on a regular basis and contribute to market growth.

The continuous technological advancements in angiography equipment further contribute to the market’s growth rate. The angiography equipment has experienced several technological improvements in recent years such as improved imaging quality, reduced radiation exposure, and enhanced procedural efficiency. Such improvements led to the increased adoption of this equipment and resulted in delivering better diagnostic capabilities and patient outcomes. The trend of technological advancements favoring the growth of the angiography equipment market is likely to continue in the coming years and boost market growth.

The shift towards minimally invasive procedures, such as angioplasty and stenting promotes the angiography equipment market growth. Minimally invasive surgical procedures such as angioplasty and stenting require using angiography equipment for precise visualization and guidance. The growing adoption of angioplasty and stenting is likely to increase the usage of angiography equipment and result in market growth. The rapid adoption of image-guided interventions such as angiography in the fields of cardiology, radiology, and vascular surgery supports the growth of the angiography equipment market. Favorable reimbursement policies for angiography procedures, particularly in developed countries, and the integration of angiography equipment with robotic systems allow for improved precision, accuracy, and safety during procedures fueling the market’s growth rate. The growing awareness about the importance of early detection and screening for cardiovascular diseases and increasing government initiatives and screening programs contribute to the market growth. The growing healthcare expenditure in both developed and emerging economies and the increasing number of healthcare facilities including hospitals and specialized cardiac centers in developing regions favor the growth of the angiography equipment market.

MARKET RESTRAINTS

The high cost of equipment is majorly limiting the adoption of angiography equipment in regions with limited healthcare budgets and financial constraints, which is one of the major factors hampering the market growth. Limited reimbursement policies, regulatory and compliance challenges, radiation exposure concerns, and the availability of alternative diagnostic technologies are other significant roadblocks to the growth rate of the market. Lack of skilled professionals, limited access to healthcare facilities, concerns about contrast agents, slow adoption in developing countries, and economic downturn and budget constraints further impede the market growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Angiography Equipment Market Analysis By Product

Based on the product, the angiography systems segment is expected to hold the largest share of the global market during the forecast period owing to the increasing number of patients suffering from cardiac diseases and the growing number of product innovations. Technological advancements in imaging capabilities and real-time visualization, growing demand for accurate diagnosis and treatment planning for cardiovascular diseases and rising preference for minimally invasive procedures with imaging guidance further contribute to the segmental growth.

The contrast media segment accounted for the second largest share of the global market in 2022 and is anticipated to witness a healthy CAGR during the forecast period. The rising demand for diagnostic imaging procedures, including angiography, CT scans and MRI, the growing prevalence of chronic diseases, particularly cardiovascular disorders and technological advancements in contrast agents, enhancing safety and imaging efficacy drive the growth of the contrast media segment.

The catheters segment is projected to grow at a promising CAGR during the forecast period. The growing number of angiography procedures for diagnosis and intervention, technological advancements improving catheter flexibility, steerability and trackability and the rising complexity of interventional procedures drive the growth of the catheters segment.

Global  Angiography Equipment Market Analysis  By Technology

Based on technology, the x-ray angiography technology segment is estimated to lead the market during the forecast period. X-ray is a widely established and accessible imaging technology for angiography procedures. Real-time imaging capability and high spatial resolution of X-rays propel the growth rate of the X-ray segment in the global market. Continuous advancements in X-ray technology, such as flat-panel detectors and cone-beam computed tomography (CBCT) further boost the growth rate of the segment.

The MRI segment is expected to be the fastest-growing segment among all in the global market during the forecast period. The growing demand for MRI-guided interventions and the potential for combining angiography with other MRI examinations drive the adoption of MRI-based angiography equipment and boost segmental growth.

Global  Angiography Equipment Market Analysis  By Procedure

Based on the procedure, the coronary segment is estimated to hold the largest share of the global market during the forecast period. The growing patient population of coronary artery disease (CAD) and increasing Rising awareness about the importance of early diagnosis and treatment of CAD are resulting in a higher number of angiography procedures and contributing to the growth of the coronary segment. Technological advancements in angiography equipment, such as high-resolution imaging and better visualization of coronary arteries and rapid adoption of interventional cardiology procedures, such as coronary angioplasty and stenting to treat blockages in coronary arteries further boost the growth rate of the coronary segment.

Global  Angiography Equipment Market Analysis   By Application

Based on application, the diagnostic section segment is projected to dominate the market during the forecast period. The growing patient population of cardiovascular diseases and the increasing need for accurate diagnosis and assessment of vascular conditions drive the growth of the diagnostic segment. Technological advancements in angiography equipment, such as high-resolution imaging and 3D reconstruction that enable the detailed visualization of blood vessels and precise identification of abnormalities and growing awareness about the importance of early detection and diagnosis of cardiovascular conditions further fuel the growth rate of the segment.

REGIONAL ANALYSIS

The European angiography equipment market held the major share of the global market in 2022 and is predicted to grow at a healthy CAGR during the forecast period. The growing geriatric population and the associated rise in cardiovascular diseases in Europe, strong healthcare infrastructure, well-equipped hospitals and skilled healthcare professionals supporting the adoption of angiography equipment and driving the European market growth. The growing emphasis on early diagnosis and intervention in cardiovascular diseases promoting the use of angiography for accurate assessment and treatment planning in Europe fuel the growth rate of the European market. The growing number of collaborative research initiatives and advancements in imaging technology boost innovation in angiography equipment in Europe and propel regional market growth.

North America is a promising regional market for angiography equipment and is predicted to account for a substantial share of the global market during the forecast period. The presence of well-established healthcare infrastructure and high healthcare expenditure in countries like the United States and Canada support the adoption of advanced medical technologies and contribute to the North American angiography equipment market growth. The growing prevalence of cardiovascular diseases in North America is boosting the demand for angiography procedures and equipment and propelling the North American market growth. Technological advancements in angiography equipment and imaging techniques facilitating accurate diagnosis and precise interventions are another factor driving the North American market growth. Favorable reimbursement policies and a strong presence of key market players contribute to the growth of the North American market. The U.S. followed by Canada is predicted to hold the leading share of the North American market during the forecast period.

APAC is the most lucrative regional market for angiography equipment and is estimated to register the fastest CAGR during the forecast period. The presence of a large population base and growing prevalence of cardiovascular diseases in the Asia-Pacific region drive substantial demand for angiography procedures and equipment and accelerate the APAC market growth. Rapidly improving healthcare infrastructure and increasing healthcare expenditure in countries like China, India, and Japan supporting the adoption of advanced medical technologies and contributing to the growth rate of the APAC market. The rising awareness about early disease detection, rising disposable incomes, and improving access to healthcare and increasing number of initiatives from the governments of APAC countries to enhance healthcare facilities and investments by key market players in the region further boost the growth rate of the APAC market.

Latin America and MEA are anticipated to hold a moderate share of the global market during the forecast period.

KEY PLAYERS IN THE GLOBAL ANGIOGRAPHY EQUIPMENT MARKET

Some of the key market players dominating the global angiography equipment market profiled in this report are Koninklijke Philips NV, B. Braels Melsungen AG, GE Healthcare, Shimadzu Corporation, Canon Incorporation, Boston Scientific Corporation, Medtronic, Inc., Cordis Corporation, AngioDynamics, Inc., Abbott Laboratories and Siemens Healthcare.

RECENT HAPPENINGS IN THE MARKET

• In October 2019, Shimadzu Medical Systems announced its newest digital angiography family, the Trinias Unity edition, approved by Health Canada. 

• In May 2019, Abbott announced its launch of an intelligent heart monitor, with a CE mark and FDA clearance, an insertable cardiac monitor (ICM), a paperclip-sized implantable device that combines smartphone connectivity and to detect heart rhythm problems for fast and acute issues. 

• In July 2019, Siemens partnered with a Sweden company Mentice, for endovascular therapies. It specializes in simulation solutions to integrate with Artis icono angiography system with the VIST virtual patient.
• In March 2019, IschemaView launched its Rapid Angio neuroimaging system designed to use an angiography suite.
• In September 2017, Siemens announced that it had won the FDA or its Artis Icono angiography for a wide range of minimum amounts to be spread quickly in a single interventional suite.

DETAILED SEGMENTATION OF GLOBAL ANGIOGRAPHY EQUIPMENT MARKET INCLUDED IN THIS REPORT

This research report on the global angiography equipment market has been segmented and sub-segmented based on the product, technology, procedure, application, and region.

By Product

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

By Technology

• X-ray
• MRI
• CT

By Procedure

• Coronary
• Endovascular
• Neurovascular

By Application

• Diagnostic
• Therapeutic

By Region

• North America
  • The U.S.
  • Canada
  • Rest of North America
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of EU
• Asia-Pacific
  • India
  • China
  • Japan
  • Australia
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America
• Middle East       
• Africa