Kenneth Research
A study on the global Angiography Imaging Systems Market has been conducted to understand the landscape to 2022.
Investigation period:
March 1-7, 2023
Researcher:
RNPL
Survey target:
We conducted a survey of 545 market players of all sizes.
Number of valid answers:
545
Research method:
Field survey 226, Internet survey 319
Survey respondents:
The survey was conducted among companies based on revenue.
Investigation result:
Q: How big is the angiographic imaging system market?
The global angiographic imaging system market is estimated to garner up to US$10 billion in revenue by the end of 2035, growing at a CAGR of up to 7% during the forecast period 2023-2035. Moreover, the market will generate revenue of around US$5 billion in 2022. The market growth can be attributed to the rising requirement for diagnosing vascular disease and increasing cases of cardiovascular disease among the population worldwide. According to data represented by the World Health Organization (WHO), approximately 17.9 million people worldwide died from cardiovascular disease in 2019.
An angiographic imaging system is a specific medical device that falls under X-rays used in hospitals. In general, angiographic imaging systems are useful for visualizing the interior or lumen of body vessels and organs such as arteries, veins, and heart chambers. Q: What are the key factors driving the growth of the angiographic imaging system market?
The key factors driving the growth of the angiographic imaging system market are:
Increased cases of cancer and stroke –
The increasing adoption of unhealthy lifestyles has been attributed to rising cases of cancer and stroke among the world’s population. This trend is expected to spur the need for angiographic imaging systems for timely diagnosis and improved treatment. According to data released by the World Health Organization (WHO), cancer killed about 9.3 million people worldwide and diabetes killed about 2 million people worldwide.
Increased spending on integration of advanced medical products High prevalence of chronic diseases
Rapid adoption of automation in the healthcare industry
Sharp increase in development costs for advanced medical equipment [Image 1
Question: What are the challenges associated with the angiographic imaging system market?
Some of the challenges associated with the angiographic imaging system market are:
High costs associated with angiographic procedures – The development of angiographic imaging systems is high due to the integration of technologically advanced features. As a result, the process of angiography also increases. This factor is estimated to push the middle-income population away from choosing angiographic imaging systems, ultimately hampering the market growth.
Increased risk unsuitable for critically ill patients
Escalation of risk of injury from catheterized arteries
Q: How is the angiographic imaging system market segmented?
The angiographic imaging system market is segmented into following segments: By product type
o Contrast agent for angiography
o other
by technology
o Computed tomography
o X-ray device
o MRI
o MRAs
by application
o Neurology
o Cardiology
o Oncology
o blood vessels
o Peripheral intervention
By end user
o hospital
o Research Institute
o other
Q: Which segment has the greatest growth based on application? The global angiographic imaging system market is segmented and analyzed for supply and demand for neurology, cardiology, oncology, vascular, and peripheral interventions on the basis of application. Among these, the cardiology segment is expected to acquire the highest segment share in the market by the end of 2035. The major factors attributed to the growth of the segment are the increasing number of heart disease cases and growing awareness of timely diagnosis and appropriate treatment. According to data released by the U.S. Centers for Disease Control and Prevention (CDC), heart disease will kill approximately 697,000 people in the United States in 2020, equivalent to one in five deaths.
Question: Which segment has the greatest growth based on end-users? The global angiographic imaging system market is also segmented and analyzed for demand and supply by hospitals, laboratories, etc. based on end-users. Among these three segments, the hospital segment is attributed to gain the most significant segment share with a notable CAGR over the forecast period. The large number of hospitals around the world and the high number of patients who visit the hospitals on a daily basis are the main drivers of the growth of the segment during the evaluation period. Additionally, hospitals are often visited by individuals diagnosed with both chronic and acute diseases, making the availability of angiographic imaging systems much more convenient. [Image 2
Q: Who are the key players in the Angiographic Imaging Systems market and what are the recent developments in the market?
Major players in the angiographic imaging system market are Omega Medical Imaging, LLC., Canon Inc., Siemens Aktiengesellschaft, Koninklijke Philips N.V., Shimadzu Corporation, Eagle Biosciences, Inc., Merck KGaA, ERBA Diagnostics, Inc., Zeus Scientific Inc. , Trinity Biotech plc., and others.
Some of the recent developments in the market are:
Siemens Healthineers
teeth,
In 2019, the German medical device company declared that its newest high-precision angiography device, the ARTIS Icon, received FDA510(k) approval.
NIDEK CO., LTD.
announced AngioScan, an upgraded OCT angiography software. This allows consumers of the RS-3000 Advance 2 Optical Coherence Tomography to witness the microvasculature and blood circulation of ocular and choroidal cells.
Q: Which regions are expected to offer lucrative growth opportunities for the angiographic imaging systems market?
The North American angiographic imaging systems market is expected to be the largest among all other regional markets by the end of 2035 due to the increasing number of test libraries and rising prevalence of cardiovascular disease in the region. It is projected to hold market share. The Centers for Disease Control and Prevention (CDC) released a report showing that heart disease will cost US$229 billion annually from 2017 to 2018. Moreover, escalating manufacturing of test laboratories is expected to boost the market growth over the forecast period. In 2020, it was noted that the US federal government spent more than US$1 billion on building and developing test laboratories. In addition, rising geriatric population in regions with multiple diseases and disabilities is also projected to boost the market growth. According to data released by the World Bank, the total elderly population in the United States in 2020 was 55,131,698. Also, rapid technological advancements have facilitated the development of advanced angiographic imaging systems such as robotic angiographic systems in the region.
Moreover, the global angiographic imaging system market is also projected to grow at a considerable pace in the Asia-Pacific region during the forecast period. The market growth in this region is due to factors such as rising prevalence of cardiovascular and
cardiometabolic diseases and rapidly increasing geriatric population. Other factors projected to expand the global angiography imaging systems market in this region are increasing disposable income, high medical expenses, and the presence of a robust medical system. Also, increasing focus on the development of advanced medical devices is expected to expand lucrative opportunities for the market players in the market in this region and increase future growth rates.
[Image 3
About the company:
Research Nester (LAMORI Pvt.Ltd) goal is to help clients achieve their goals by providing efficient business solutions. Through our diverse network of research analysts and consultants, we help our clients understand all the key aspects of business valuation, including budgeting, to deliver strategic business solutions around the world. RNPL has earned trust and a customer base in over 30 countries, with an even greater focus on expansion into other economies. We are committed to providing our clients with the best possible service and helping them expand their scope of business.
Details about this release:
https://prtimes.jp/main/html/rd/p/000003263.000059861.html
MAIL:cr@prtimes.co.jp