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Coronary Heart Disease Diagnostic Imaging Devices Market Size, Share & Industry Trends Analysis Report By Modality, By Regional Outlook and Forecast, 2022 - 2028

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    Report

  • 140 Pages
  • May 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5615756
The Global Coronary Heart Disease Diagnostic Imaging Devices Market size is expected to reach $2.1 billion by 2028, rising at a market growth of 6.7% CAGR during the forecast period.



Coronary Artery Disease, also called CAD, is a cardiovascular disease caused by diminished or missing blood flow in the arteries that encircle and supply the heart, also known as Ischemia. A dense layer of cholesterol, fat, and calcium develops a thick layer in the walls of arteries in a coronary artery, restricting blood flow.

Owing to a decrease in blood flow caused by coronary artery disease, the myocardial cell begins to die due to a lack of oxygen. Chest pain, heartburn, and soreness in the shoulder, arm, back, and neck are all symptoms of coronary artery disease. Coronary CT angiography, cardiac magnetic resonance imaging, and radionuclide modalities, such as single proton emission computed tomography (SPECT), positron emission tomography (PET), and PET/CT are the most common coronary artery imaging modalities. The image is enhanced with a variety of contrasting agents. CT pictures are commonly enhanced with iodine-based contrast agents, while MRI images are enhanced with gadolinium. In CT scans, radio-opaque iodine contrast dye is commonly administered through coronary arteries.

The most common symptoms of CAD are angina, chest pain, and discomfort. If too much volume increases inside arteries, they become narrow and cause angina. Blood flow to the heart muscle as well as the rest of the body might be blocked by narrowed arteries, which can cause chest pain. excess weight, inactivity, bad eating habits, and cigarette consumption are all risk factors for coronary artery disease. A family history of heart disease, particularly a family history of heart disease at an early age also raises the risk of CAD. Anyone healing from a heart failure, heart attack, or another heart disease that necessitated surgery or medical treatment may consider cardiac rehabilitation (rehab). Cardiac rehab can assist these people to improve their quality of life and prevent another heart attack.

COVID-19 Impact Analysis


Following the advent of the COVID-19 pandemic, CHD screening in hospitals, diagnostic centers, as well as ambulatory centers decreased. Any diagnostic or surgical actions in end-use settings were also halted due to concerns about virus transmission. This subsequently resulted in a financial crisis in hospitals, clinics, diagnostic centers, and other end-user settings, affecting newer installations. The diagnostic market was further affected by the suspension of diagnostic centers and a preference for solely diagnosing COVID-19-related tests. National closures, a halt in logistics, an economic downturn, a shift in focus to develop a treatment protocol, such as virtual care and tele-visits, and a shift in focus to establish a treatment protocol, like virtual care and tele-visits, all had an impact on new product launches and developmental activities.

Market Growth Factors


Rising incidences of cardiac diseases


The rise in cardiovascular disease incidence has enhanced the demand and expansion of cardiovascular ultrasonography. Cardiovascular imaging ultrasonography technologies, such as echocardiography and sonograms, are widely used to diagnose and monitor cardiovascular disorders like coronary artery disease, peripheral artery disease, congenital heart disease, atherosclerosis, and arrhythmia, among others. In the next years, the growth in incidence of cardiovascular illness is anticipated to stimulate the demand for cardiovascular ultrasound equipment.

Rising number of applications of the imaging device along with increasing R&D investments


Cardiovascular ultrasound technologies and display devices are widely utilized for a variety of purposes. By combining the system's performance with a powerful, software-based beamformer image reconstruction platform, a 2D cardiovascular ultrasound system can help to reduce non-diagnostic examination. Because of features like real-time imaging, accelerating procedural time and installing technology, advanced cardiac quantification, and improved clinical efficiencies, 3D and 4D cardiovascular ultrasound systems are widely used for echocardiographic imaging for treating and tracking cardiovascular and heart disorders.

Marketing Restraining Factor:


High cost of the product


Coronary heart disease diagnostic imaging devices are prohibitively expensive for low-budget healthcare organizations to purchase. This could pose a major challenge to the development of the coronary heart device diagnostic imaging device market. Moreover, poverty levels in various developing and underdeveloped countries have reached unacceptably high levels. People living in poverty and suffering from many types of cardiovascular ailments find it challenging to afford cardiovascular ultrasonography, limiting the prospects for the market players. Moreover, due to the integration of various advanced and latest technologies, the manufacturing cost of these devices also become higher, which is directly impacting the demand for these imaging devices in various low-income healthcare facilities.

Modality Outlook


Based on Modality, the market is segmented into Nuclear Medicine, Computed Tomography, Ultrasound, X rays, and Magnetic Resonance Imaging. In 2021, the Nuclear Medicine segment procured the highest revenue share of the market. Non-invasiveness, image clarity, precise illness identification even at an early stage, and rising adoption among end-users are the factors attributed to the rising growth of this segment. Unlike any other modality, a huge number of radiologists are properly trained to use the nuclear medicine instrument and read the image precisely.

Regional Outlook


Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2021, North America accounted for the largest revenue share of the coronary heart disease imaging device market. The growth of the regional market is increasing due to several factors, such as the presence of technically advanced medical staff, improved government healthcare expenditure, an increase in the number of cancer cases, and an increase in the obesity ratio in contrast to other nations, as well as increased research and development activities.

The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Koninklijke Philips N.V., Siemens Healthineers AG , Fujifilm Holdings Corporation , Canon, Inc. are the forerunners in the Coronary Heart Disease Diagnostic Imaging Devices Market. Companies such as General Electric (GE) Co. and Mindray Medical International Limited are some of the key innovators in theMarket.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Siemens Healthineers AG, Fujifilm Holdings Corporation, Canon, Inc. (Canon Medical Systems Corporation), Mindray Medical International Limited, Chison Medical Technologies Co., Ltd., and Analogic Corporation (Altaris Capital Partners).

» Partnerships, Collaborations and Agreements:

  • Jul-2021: Canon came into a partnership with Cleerly, a digital healthcare company. Under this partnership, the companies is expected to facilitate simple and streamlined adoption of cardiac CT and introduce new standards of heart disease care.
  • Mar-2021: Royal Philips partnered with DiA Imaging Analysis, a leader in providing AI-powered applications for the ultrasound. Following this partnership, the companies is expected to offer automated solutions to clinicians at the point of care. Additionally, Philips's high image quality in combination with the AI library of automated solutions of DiA Imaging Analysis is expected to help increase operational efficiency, diagnostic confidence, and access to care for Point-of-Care customers everywhere.
  • Nov-2020: GE Healthcare partnered with GenesisCare, a leading vendor of integrated cancer care. Through this partnership, the companies aimed to enhance the diagnosis of heart diseases and cancer. In addition, the companies is expected to integrate GenesisCare's cancer and cardiac screening, treatments, and diagnosis delivery capabilities into the best-in-class digital infrastructure, oncology and cardiology solutions, and imaging technologies.

» Product Launches and Product Expansions:

  • Feb-2022: Fujifilm unveiled its premium Sonosite LX system, an addition to its next-generation POCUS offerings. The new product is expected to offer the largest clinical image and monitor of the company that rotates, tilts, and extends in order to provide improved and real-time provider collaboration.
  • Feb-2022: Siemens Healthineers introduced Artis icono biplane, an angiography system. The new product is expected to offer the latest features for treating and diagnosing coronary heart disease, arrhythmia, and structural heart disease. In addition, the new product is expected to also streamline clinical workflows and offer best-in-class quality at a low radiation dose.
  • May-2021: Mindray unveiled Mindray's General Imaging ultrasound solutions, new Women's Healthcare, General Imaging, and Cardiology ultrasound solutions. The new solutions are equipped with several cutting-edge technologies, such as comprehensive HiFR elastography, high frame rate contrast-enhanced ultrasound, and enhanced quantification measurement to set new standards of image clarity.
  • Sep-2020: Siemens Healthineers released a new version of its c.cam, a new version of its c.cam across the US market. The new product is a single-photon emission computed tomography scanner along with a reclining patient chair in order to offer a low total cost of ownership to nuclear cardiology practitioners.
  • Jul-2020: Canon launched the Aquilion One / Genesis SP, an addition to its Aquilion One / Genesis Edition. The new product aimed to meet the evolving requirements of coronary and structural imaging in order to enable high-quality and consistent studies via its AI-powered wide-area CT.

» Acquisitions and Mergers:

  • Nov-2021: Royal Philips took over Cardiology, a french medical technology company. This acquisition aimed to strengthen Royal Philips's cardiac monitoring and diagnostics portfolio with Cardiologs's electrocardiogram (ECG) analysis and reporting services.
  • Feb-2021: Royal Philips acquired BioTelemetry, a leader in remote cardiac diagnostics and monitoring devices. This acquisition aimed to complement Royal Philips's cardiac care portfolio along with its vision to transform the delivery of care.

» Approvals and Trials:

  • Oct-2020: GE Healthcare received the US FDA approval for its Ultra Edition package on Vivid cardiovascular ultrasound systems. The new product includes various new artificial intelligence-based functions in order to offer faster and more repeatable evaluations consistently.

Scope of the Study


Market Segments Covered in the Report:


By Modality

  • Nuclear Medicine
  • Computed Tomography
  • Ultrasound
  • X rays
  • Magnetic Resonance Imaging

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players


List of Companies Profiled in the Report:

  • General Electric (GE) Co. (GE Healthcare)
  • Koninklijke Philips N.V.
  • Siemens Healthineers AG
  • Fujifilm Holdings Corporation
  • Canon, Inc. (Canon Medical Systems Corporation)
  • Mindray Medical International Limited
  • Chison Medical Technologies Co., Ltd.
  • Analogic Corporation (Altaris Capital Partners)

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Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Coronary Heart Disease Diagnostic Imaging Devices Market, by Modality
1.4.2 Global Coronary Heart Disease Diagnostic Imaging Devices Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Approvals and Trials
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar - 2022, Feb) Leading Players
Chapter 4. Global Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
4.1 Global Nuclear Medicine Market by Region
4.2 Global Computed Tomography Market by Region
4.3 Global Ultrasound Market by Region
4.4 Global X rays Market by Region
4.5 Global Magnetic Resonance Imaging Market by Region
Chapter 5. Global Coronary Heart Disease Diagnostic Imaging Devices Market by Region
5.1 North America Coronary Heart Disease Diagnostic Imaging Devices Market
5.1.1 North America Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.1.1.1 North America Nuclear Medicine Market by Country
5.1.1.2 North America Computed Tomography Market by Country
5.1.1.3 North America Ultrasound Market by Country
5.1.1.4 North America X rays Market by Country
5.1.1.5 North America Magnetic Resonance Imaging Market by Country
5.1.2 North America Coronary Heart Disease Diagnostic Imaging Devices Market by Country
5.1.2.1 US Coronary Heart Disease Diagnostic Imaging Devices Market
5.1.2.1.1 US Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.1.2.2 Canada Coronary Heart Disease Diagnostic Imaging Devices Market
5.1.2.2.1 Canada Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.1.2.3 Mexico Coronary Heart Disease Diagnostic Imaging Devices Market
5.1.2.3.1 Mexico Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.1.2.4 Rest of North America Coronary Heart Disease Diagnostic Imaging Devices Market
5.1.2.4.1 Rest of North America Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.2 Europe Coronary Heart Disease Diagnostic Imaging Devices Market
5.2.1 Europe Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.2.1.1 Europe Nuclear Medicine Market by Country
5.2.1.2 Europe Computed Tomography Market by Country
5.2.1.3 Europe Ultrasound Market by Country
5.2.1.4 Europe X rays Market by Country
5.2.1.5 Europe Magnetic Resonance Imaging Market by Country
5.2.2 Europe Coronary Heart Disease Diagnostic Imaging Devices Market by Country
5.2.2.1 Germany Coronary Heart Disease Diagnostic Imaging Devices Market
5.2.2.1.1 Germany Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.2.2.2 UK Coronary Heart Disease Diagnostic Imaging Devices Market
5.2.2.2.1 UK Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.2.2.3 France Coronary Heart Disease Diagnostic Imaging Devices Market
5.2.2.3.1 France Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.2.2.4 Russia Coronary Heart Disease Diagnostic Imaging Devices Market
5.2.2.4.1 Russia Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.2.2.5 Spain Coronary Heart Disease Diagnostic Imaging Devices Market
5.2.2.5.1 Spain Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.2.2.6 Italy Coronary Heart Disease Diagnostic Imaging Devices Market
5.2.2.6.1 Italy Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.2.2.7 Rest of Europe Coronary Heart Disease Diagnostic Imaging Devices Market
5.2.2.7.1 Rest of Europe Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.3 Asia Pacific Coronary Heart Disease Diagnostic Imaging Devices Market
5.3.1 Asia Pacific Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.3.1.1 Asia Pacific Nuclear Medicine Market by Country
5.3.1.2 Asia Pacific Computed Tomography Market by Country
5.3.1.3 Asia Pacific Ultrasound Market by Country
5.3.1.4 Asia Pacific X rays Market by Country
5.3.1.5 Asia Pacific Magnetic Resonance Imaging Market by Country
5.3.2 Asia Pacific Coronary Heart Disease Diagnostic Imaging Devices Market by Country
5.3.2.1 China Coronary Heart Disease Diagnostic Imaging Devices Market
5.3.2.1.1 China Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.3.2.2 Japan Coronary Heart Disease Diagnostic Imaging Devices Market
5.3.2.2.1 Japan Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.3.2.3 India Coronary Heart Disease Diagnostic Imaging Devices Market
5.3.2.3.1 India Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.3.2.4 South Korea Coronary Heart Disease Diagnostic Imaging Devices Market
5.3.2.4.1 South Korea Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.3.2.5 Singapore Coronary Heart Disease Diagnostic Imaging Devices Market
5.3.2.5.1 Singapore Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.3.2.6 Malaysia Coronary Heart Disease Diagnostic Imaging Devices Market
5.3.2.6.1 Malaysia Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.3.2.7 Rest of Asia Pacific Coronary Heart Disease Diagnostic Imaging Devices Market
5.3.2.7.1 Rest of Asia Pacific Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.4 LAMEA Coronary Heart Disease Diagnostic Imaging Devices Market
5.4.1 LAMEA Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.4.1.1 LAMEA Nuclear Medicine Market by Country
5.4.1.2 LAMEA Computed Tomography Market by Country
5.4.1.3 LAMEA Ultrasound Market by Country
5.4.1.4 LAMEA X rays Market by Country
5.4.1.5 LAMEA Magnetic Resonance Imaging Market by Country
5.4.2 LAMEA Coronary Heart Disease Diagnostic Imaging Devices Market by Country
5.4.2.1 Brazil Coronary Heart Disease Diagnostic Imaging Devices Market
5.4.2.1.1 Brazil Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.4.2.2 Argentina Coronary Heart Disease Diagnostic Imaging Devices Market
5.4.2.2.1 Argentina Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.4.2.3 UAE Coronary Heart Disease Diagnostic Imaging Devices Market
5.4.2.3.1 UAE Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.4.2.4 Saudi Arabia Coronary Heart Disease Diagnostic Imaging Devices Market
5.4.2.4.1 Saudi Arabia Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.4.2.5 South Africa Coronary Heart Disease Diagnostic Imaging Devices Market
5.4.2.5.1 South Africa Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.4.2.6 Nigeria Coronary Heart Disease Diagnostic Imaging Devices Market
5.4.2.6.1 Nigeria Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
5.4.2.7 Rest of LAMEA Coronary Heart Disease Diagnostic Imaging Devices Market
5.4.2.7.1 Rest of LAMEA Coronary Heart Disease Diagnostic Imaging Devices Market by Modality
Chapter 6. Company Profiles
6.1 General Electric (GE) Co. (GE Healthcare)
6.1.1 Company Overview
6.1.1 Financial Analysis
6.1.2 Segmental and Regional Analysis
6.1.3 Research & Development Expense
6.1.4 Recent Strategies and Developments:
6.1.4.1 Partnerships, Collaborations and Agreements:
6.1.4.2 Approvals and Trials:
6.1.5 SWOT Analysis
6.2 Koninklijke Philips N.V.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent Strategies and Developments:
6.2.5.1 Partnerships, Collaborations and Agreements:
6.2.5.2 Acquisitions and Mergers:
6.3 Siemens Healthineers AG (Siemens AG)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 Recent Strategies and Developments:
6.3.5.1 Product Launches and Product Expansions:
6.4 Fujifilm Holdings Corporation
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.4 Research & Development Expenses
6.4.5 Recent Strategies and Developments:
6.4.5.1 Product Launches and Product Expansions:
6.5 Canon, Inc. (Canon Medical Systems Corporation)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.5.5.2 Product Launches and Product Expansions:
6.6 Mindray Medical International Limited
6.6.1 Company Overview
6.6.2 Recent strategies and developments:
6.6.2.1 Product Launches and Product Expansions:
6.7 Chison Medical Technologies Co., Ltd.
6.7.1 Company Overview
6.8 Analogic Corporation (Altaris Capital Partners)
6.8.1 Company Overview

Companies Mentioned

  • General Electric (GE) Co. (GE Healthcare)
  • Koninklijke Philips N.V.
  • Siemens Healthineers AG
  • Fujifilm Holdings Corporation
  • Canon, Inc. (Canon Medical Systems Corporation)
  • Mindray Medical International Limited
  • Chison Medical Technologies Co., Ltd.
  • Analogic Corporation (Altaris Capital Partners)

Methodology

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Table Information