This Coronary Angiography Devices market report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
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 during the historic period can be attributed to the increasing prevalence of cardiovascular diseases, the rising aging population, heightened demand for interventional cardiology, a growing preference for minimally invasive procedures, and improvements in 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 projected growth during the forecast period can be attributed to increasing awareness of heart health, the growing adoption of telemedicine, rising health expenditure, a focus on patient-centric care, and the increasing incidence of diabetes. Key trends expected in this period include technological advancements, progress in hybrid angiography systems, innovations in catheter designs, advancements in compact designs, and improvements in imaging software.
The growing prevalence of vascular heart diseases is expected to drive the expansion of the coronary angiography devices market. Vascular heart diseases involve conditions that affect the blood vessels supplying the heart or the heart itself. This rise in prevalence is attributed to changes in lifestyle, such as diet and physical activity, an aging population, and increasing rates of conditions such as diabetes and hypertension. Coronary angiography devices are crucial for diagnosing and assessing vascular heart diseases, as they provide detailed images of the coronary arteries, allowing for the precise detection of blockages, narrowing, and other abnormalities that inform treatment decisions. For example, in December 2023, the Australian Bureau of Statistics reported that 571,000 adults aged 18 and over in Australia were living with coronary heart disease (CHD), accounting for 2.9% of the adult population. CHD prevalence increases with age, affecting about 11% of adults aged 75 and older. Consequently, the rising incidence of vascular heart diseases is boosting the demand for coronary angiography devices.
Key players in the coronary angiography devices market are focusing on developing innovative products that integrate artificial intelligence (AI)-driven imaging technologies to enhance the precision and efficiency of coronary angiography procedures. AI-driven imaging uses artificial intelligence to automate image analysis, improving diagnostic accuracy and reducing procedure times. For instance, in June 2022, Shimadzu Corporation, a medical equipment manufacturer based in Japan, introduced an advanced version of its Trinias angiography system. This system features AI deep learning technology that enhances image processing and significantly lowers X-ray doses by over 40%. It offers a customizable workspace with around 100 functions for optimized layouts tailored to specific procedures and team needs. Additionally, the subscription-based SCORE Link service provides regular software updates to enhance operational efficiency and sustainability in clinical environments.
In April 2021, Siemens Healthineers, a Germany-based healthcare company, acquired Varian Medical Systems for $16.4 billion. This acquisition merges Varian's expertise in oncology with Siemens' strengths in medical imaging and diagnostics, creating a highly integrated portfolio. This integration is expected to advance imaging technologies essential for coronary angiography, improving the diagnostic process for cardiovascular diseases. Varian Medical Systems, a US-based company, specializes in X-ray tubes and digital image detectors designed for angiography, cardiology, and other imaging applications.
Major companies operating in the coronary angiography devices 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.
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.
The countries covered in the coronary angiography devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Coronary angiography devices are medical instruments and systems designed to visualize the coronary arteries, which supply blood to the heart. These devices are used in diagnostic procedures to identify blockages, narrowing, or other abnormalities in these arteries. The process involves injecting a contrast dye into the coronary arteries and then using X-ray imaging to produce detailed pictures of the blood vessels.
The coronary angiography devices market includes several key products such as angiography systems, angiography catheters, angiography contrast media, vascular closure devices (VCDs), angiography balloons, angiography guidewires, and angiography accessories. Angiography systems are sophisticated imaging setups that provide real-time visualization of blood vessels using X-rays. These devices employ various technologies, such as X-ray angiography, computed tomography angiography (CTA), magnetic resonance angiography, and others, to address conditions such as coronary artery disease, valvular heart disease, congenital heart disease, and congestive heart failure. They are used in both diagnostic and therapeutic applications, serving end-users such as hospitals, clinics, diagnostic and imaging centers, and research institutes.
The coronary angiography devices market research report is one of a series of new reports that provides coronary angiography devices market statistics, including the coronary angiography devices industry global market size, regional shares, competitors with coronary angiography devices market share, detailed coronary angiography devices market segments, market trends, and opportunities, and any further data you may need to thrive in the coronary angiography devices industry. These coronary angiography devices market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The coronary angiography devices market consists of revenues earned by entities by providing services such as imaging and diagnostic procedures, patient preparation and monitoring, and interventional treatments. The market value includes the value of related goods sold by the service provider or included within the service offering. The coronary angiography devices market also includes sales of angiography systems, contrast media injectors, guidewires, and catheters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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 during the historic period can be attributed to the increasing prevalence of cardiovascular diseases, the rising aging population, heightened demand for interventional cardiology, a growing preference for minimally invasive procedures, and improvements in 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 projected growth during the forecast period can be attributed to increasing awareness of heart health, the growing adoption of telemedicine, rising health expenditure, a focus on patient-centric care, and the increasing incidence of diabetes. Key trends expected in this period include technological advancements, progress in hybrid angiography systems, innovations in catheter designs, advancements in compact designs, and improvements in imaging software.
The growing prevalence of vascular heart diseases is expected to drive the expansion of the coronary angiography devices market. Vascular heart diseases involve conditions that affect the blood vessels supplying the heart or the heart itself. This rise in prevalence is attributed to changes in lifestyle, such as diet and physical activity, an aging population, and increasing rates of conditions such as diabetes and hypertension. Coronary angiography devices are crucial for diagnosing and assessing vascular heart diseases, as they provide detailed images of the coronary arteries, allowing for the precise detection of blockages, narrowing, and other abnormalities that inform treatment decisions. For example, in December 2023, the Australian Bureau of Statistics reported that 571,000 adults aged 18 and over in Australia were living with coronary heart disease (CHD), accounting for 2.9% of the adult population. CHD prevalence increases with age, affecting about 11% of adults aged 75 and older. Consequently, the rising incidence of vascular heart diseases is boosting the demand for coronary angiography devices.
Key players in the coronary angiography devices market are focusing on developing innovative products that integrate artificial intelligence (AI)-driven imaging technologies to enhance the precision and efficiency of coronary angiography procedures. AI-driven imaging uses artificial intelligence to automate image analysis, improving diagnostic accuracy and reducing procedure times. For instance, in June 2022, Shimadzu Corporation, a medical equipment manufacturer based in Japan, introduced an advanced version of its Trinias angiography system. This system features AI deep learning technology that enhances image processing and significantly lowers X-ray doses by over 40%. It offers a customizable workspace with around 100 functions for optimized layouts tailored to specific procedures and team needs. Additionally, the subscription-based SCORE Link service provides regular software updates to enhance operational efficiency and sustainability in clinical environments.
In April 2021, Siemens Healthineers, a Germany-based healthcare company, acquired Varian Medical Systems for $16.4 billion. This acquisition merges Varian's expertise in oncology with Siemens' strengths in medical imaging and diagnostics, creating a highly integrated portfolio. This integration is expected to advance imaging technologies essential for coronary angiography, improving the diagnostic process for cardiovascular diseases. Varian Medical Systems, a US-based company, specializes in X-ray tubes and digital image detectors designed for angiography, cardiology, and other imaging applications.
Major companies operating in the coronary angiography devices 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.
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.
The countries covered in the coronary angiography devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Coronary angiography devices are medical instruments and systems designed to visualize the coronary arteries, which supply blood to the heart. These devices are used in diagnostic procedures to identify blockages, narrowing, or other abnormalities in these arteries. The process involves injecting a contrast dye into the coronary arteries and then using X-ray imaging to produce detailed pictures of the blood vessels.
The coronary angiography devices market includes several key products such as angiography systems, angiography catheters, angiography contrast media, vascular closure devices (VCDs), angiography balloons, angiography guidewires, and angiography accessories. Angiography systems are sophisticated imaging setups that provide real-time visualization of blood vessels using X-rays. These devices employ various technologies, such as X-ray angiography, computed tomography angiography (CTA), magnetic resonance angiography, and others, to address conditions such as coronary artery disease, valvular heart disease, congenital heart disease, and congestive heart failure. They are used in both diagnostic and therapeutic applications, serving end-users such as hospitals, clinics, diagnostic and imaging centers, and research institutes.
The coronary angiography devices market research report is one of a series of new reports that provides coronary angiography devices market statistics, including the coronary angiography devices industry global market size, regional shares, competitors with coronary angiography devices market share, detailed coronary angiography devices market segments, market trends, and opportunities, and any further data you may need to thrive in the coronary angiography devices industry. These coronary angiography devices market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The coronary angiography devices market consists of revenues earned by entities by providing services such as imaging and diagnostic procedures, patient preparation and monitoring, and interventional treatments. The market value includes the value of related goods sold by the service provider or included within the service offering. The coronary angiography devices market also includes sales of angiography systems, contrast media injectors, guidewires, and catheters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Coronary Angiography Devices Market Characteristics3. Coronary Angiography Devices Market Trends and Strategies32. Global Coronary Angiography Devices Market Competitive Benchmarking33. Global Coronary Angiography Devices Market Competitive Dashboard34. Key Mergers and Acquisitions in the Coronary Angiography Devices Market
4. Coronary Angiography Devices Market - Macro Economic Scenario
5. Global Coronary Angiography Devices Market Size and Growth
6. Coronary Angiography Devices Market Segmentation
7. Coronary Angiography Devices Market Regional and Country Analysis
8. Asia-Pacific Coronary Angiography Devices Market
9. China Coronary Angiography Devices Market
10. India Coronary Angiography Devices Market
11. Japan Coronary Angiography Devices Market
12. Australia Coronary Angiography Devices Market
13. Indonesia Coronary Angiography Devices Market
14. South Korea Coronary Angiography Devices Market
15. Western Europe Coronary Angiography Devices Market
16. UK Coronary Angiography Devices Market
17. Germany Coronary Angiography Devices Market
18. France Coronary Angiography Devices Market
19. Italy Coronary Angiography Devices Market
20. Spain Coronary Angiography Devices Market
21. Eastern Europe Coronary Angiography Devices Market
22. Russia Coronary Angiography Devices Market
23. North America Coronary Angiography Devices Market
24. USA Coronary Angiography Devices Market
25. Canada Coronary Angiography Devices Market
26. South America Coronary Angiography Devices Market
27. Brazil Coronary Angiography Devices Market
28. Middle East Coronary Angiography Devices Market
29. Africa Coronary Angiography Devices Market
30. Coronary Angiography Devices Market Competitive Landscape and Company Profiles
31. Coronary Angiography Devices Market Other Major and Innovative Companies
35. Coronary Angiography Devices Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Coronary Angiography Devices Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on coronary angiography devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for coronary angiography devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The coronary angiography devices market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Angiography Systems; Angiography Catheters; Angiography Contrast Media; Vascular Closure Devices (VCDs); Angiography Balloons; Angiography Guidewires; Angiography Accessories2) 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
Key Companies Mentioned: Cardinal Health Inc.; Hitachi Ltd.; Johnson & Johnson Services Inc.; Abbott Laboratories; Medtronic plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Coronary Angiography Devices market report include:- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | November 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 9.43 Billion |
Forecasted Market Value ( USD | $ 12.31 Billion |
Compound Annual Growth Rate | 6.9% |
Regions Covered | Global |
No. of Companies Mentioned | 26 |