Market Size – The coronary angiography devices market size has grown strongly in recent years. It will grow from $8.83 billion in 2023 to $9.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increase in prevalence of cardiovascular diseases, rise in aging population, rise in demand for interventional cardiology, growth preference for minimally invasive procedures, and improved healthcare infrastructure.
The coronary angiography devices market size is expected to see strong growth in the next few years. It will grow to $12.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising awareness of heart health, growing adoption of telemedicine, increasing health expenditure, focus on patient-centric care, and rising incidence of diabetes. Major trends in the forecast period include technological advancements, advancements in hybrid angiography systems, innovation in catheter designs, advancements in compact design, and advancements in imaging software.
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Scope Of Coronary Angiography Devices MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Coronary Angiography Devices Market Overview
Market Drivers –The increasing prevalence of vascular heart diseases is expected to drive growth in the coronary angiography devices market moving forward. Vascular heart diseases comprise a range of conditions that affect the blood vessels supplying the heart or those within the heart itself. This increase in prevalence is attributed to lifestyle changes, including poor dietary habits and reduced physical activity, an aging population, and a higher incidence of conditions such as diabetes and hypertension. Coronary angiography devices play a crucial role in diagnosing and evaluating vascular heart diseases by providing detailed images of the coronary arteries, enabling accurate identification of blockages, narrowing, and other abnormalities that can inform treatment decisions. For example, in December 2023, the Australian Bureau of Statistics 2020-21 National Health Survey reported that approximately 571,000 adults aged 18 and over in Australia were living with coronary heart disease (CHD), representing 2.9% of the adult population, with the prevalence significantly increasing with age—approximately 11% of adults aged 75 and above are affected. Therefore, the increasing prevalence of vascular heart diseases is driving growth in the coronary angiography devices market.
Market Trends – Major companies operating in the coronary angiography devices market are developing innovative products by integrating artificial intelligence (AI)-driven imaging technologies to enhance the accuracy and efficiency of coronary angiography procedures. AI-driven imaging leverages artificial intelligence to enhance the precision and speed of coronary angiography by automating image analysis, thereby improving diagnostic accuracy and reducing procedure times. For instance, in June 2022, Shimadzu Corporation, a Japan-based medical equipment manufacturing company, launched the advanced version of the company’s Trinias angiography system, featuring AI deep learning technology that enhances image processing and significantly reduces X-ray doses by over 40%. The system offers a customizable workspace with around 100 functions, allowing for optimized layouts tailored to specific procedures and team needs. Additionally, the subscription-based SCORE Link service ensures regular software updates, enhancing operational efficiency and sustainability in clinical settings.
The coronary angiography devices market covered in this report is segmented –
1) By Product Type: Angiography Systems, Angiography Catheters, Angiography Contrast Media, Vascular Closure Devices (VCDs), Angiography Balloons, Angiography Guidewires, Angiography Accessories
2) By Technology: X-Ray Angiography, Computed Tomography Angiography (CTA), Magnetic Resonance Angiography, Other Technologies
3) By Indication: Coronary Artery Disease, Valvular Heart Disease, Congenital Heart Disease, Congestive Heart Failure, Other Indications
4) By Application: Diagnostics, Therapeutics
5) By End-User: Hospital And Clinics, Diagnostic And Imaging Centers, Research Institutes
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Regional Insights – North America was the largest region in the coronary angiography devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coronary angiography devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Cardinal Health Inc., Hitachi Ltd., Johnson & Johnson Services Inc., Abbott Laboratories, Medtronic plc, Siemens Healthineers AG, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Boston Scientific Corporation, B. Braun Holding GmbH & Co. KG, Terumo Corporation, Edwards Lifesciences Corporation, Nipro Corporation, Shimadzu Corporation, Cook Group Incorporated, ICU Medical Inc., Biotronik SE Co. KG, Merit Medical Systems Inc., Cordis Corporation, Guerbet N.V., AngioDynamics Inc., Canon Medical Systems Corporation, Acist Medical Systems, Medinol Ltd., Alvimedica
Table of Contents 1. Executive Summary2. Coronary Angiography Devices Market Report Structure3. Coronary Angiography Devices Market Trends And Strategies4. Coronary Angiography Devices Market – Macro Economic Scenario5. Coronary Angiography Devices Market Size And Growth…..27. Coronary Angiography Devices Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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