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HEALTHCARE & PHARMACEUTICAL

Angiography Imaging Systems Market Segmentation by Product Type (Angiography Contrast Media, and Others); by Technology (Computed Tomography, X-Ray Machines, MRI, and MRA); by Application (Neurology, Cardiology, Oncology, Vascular, and Peripheral Intervention); and by End-User (Hospitals, Laboratories, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • May 13, 2022: Omega announces its virtual Exhibition at DWW, a global premier meeting for the researchers, physicians, and industry related to endoscopy, hematology, gastroenterology, and others.

  • April 18, 2022: Canon receives the iF Design Award for the 28th time without a gap in any year by the iF Forum Design GmbH for its ten Canon Group product designs

Global Angiography Imaging Systems Market Highlights Over 2022 - 2031

The global angiography imaging system market is estimated to garner substantial revenue by growing at a CAGR of ~8% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the rising requirement to diagnose blood vessel diseases and increasing cases of cardiovascular diseases. Data represented by the World Health Organization (WHO) showed, that in 2019, approximately 17.9 million people lost their lives due to cardiovascular diseases across the globe.  Additionally, a surge in blood vessel diseases can be observed in the global population. Some of the common examples of blood vessel diseases are peripheral vascular & artery diseases, carotid artery diseases, chronic venous insufficiency, deep vein thrombosis, and others. In a report published by the National Library of Medicine (NLM) in 2018, it was stated that about 200 million people have peripheral artery diseases worldwide. Furthermore, the increasing geriatric population with various types of diseases is also anticipated to propel the growth of the market over the forecast period. Based on the data provided by World Bank, it was known, that in 2020, the number of people aged 65 or above was 723,484,054.

Angiography Imaging Systems Market

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The market is segmented by technology into computed tomography, x-ray machines, MRI, and MRA, out of which, the MRA segment is anticipated to hold the notable share in the global angiography imaging system market during the forecast period on account of its negligible exposure in the procedure of diagnosis. MRA provides 3D images of the anatomical plane by displaying soft-tissue contrast. 

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita, (USD), 2015-2018

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Angiography Imaging Systems Market Regional Synopsis

Regionally, the global angiography imaging system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness remarkable growth over the forecast period on the back of a growing number of testing libraries and a higher prevalence of cardiovascular diseases in the region. Centers for Disease Control and Prevention published a report showing that about 650,000 people in the United States die from heart diseases every year. Furthermore, escalating manufacturing of testing laboratories is anticipated to hike the growth of the market over the forecast period. In 2020, it was noticed that the federal government of the USA spent more than USD 1 billion on the construction and development of testing laboratories. Additionally, the growing geriatric population in the region with multiple diseases and disorders is also forecasted to boost the growth of the market. Data released by the World Bank stated that in 2020, the total geriatric population in the USA was 55,131,698.

Furthermore, the global angiography imaging system market is also projected to grow at a significant pace in the Asia Pacific region during the forecast period. The growth of the market in the region is accounted to factors such as, the higher prevalence of cardiovascular and cardio metabolism diseases and the rapidly growing geriatric population.

Angiography Imaging Systems Market Share

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The global angiography imaging system market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global angiography imaging system market includes the following segments:

By Product Type

  • Angiography Contrast Media
  • Others

By Technology

  • Computed Tomography
  • X-Ray Machines
  • MRI
  • MRA

By Application

  • Neurology
  • Cardiology
  • Oncology
  • Vascular
  • Peripheral Intervention

By End-User

  • Hospitals
  • Laboratories
  • Others

Growth Drivers

  • Rising Requirement to Diagnose Blood Vessel Diseases
  • Growing Cases of Cardiovascular Diseases

Challenges

  • Requirement for Higher Initial Investment

Top Featured Companies Dominating the Market

  • Omega Medical Imaging, LLC.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Canon Inc. 
  • Siemens Aktiengesellschaft
  • Koninklijke Philips N.V. 
  • Shimadzu Corporation
  • Eagle Biosciences, Inc.
  • Merck KGaA
  • ERBA Diagnostics, Inc.
  • Zeus Scientific Inc.
  • Trinity Biotech plc

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