Sarasota, FL -- (SBWIRE) -- 06/20/2018 -- Angiography Devices Market: Overview

Angiography is an imaging test that uses X-rays for viewing body's blood vessels. A test where dyes that can be seen by x-rays are injected into blood vessels that can be either arteries or veins and examined using x-rays, the developed pictures are called angiograms. Angiograms are used to diagnose narrowing or blockages in vessels anywhere in the body, also can be used to find spots in the body where the arteries or veins are bulging or ballooning. These spots are called aneurysms.

The considerable rise in the demand for accurate diagnostic and procedural equipment in the global healthcare sector has positively affected the demand for angiography devices worldwide.

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Angiography Devices Market: Dynamics

Factors such as the prevalence of cardiovascular diseases, favorable government regulations, growing geriatric population, rising obesity rates due to lifestyle changes, preference of fast-food, etc. are expected to bolster the growth of global angiography devices market over the forecast period. shifting of preferences from conventional X-ray angiography towards magnetic resonance imaging due to the benefits associated including comparatively less risk of radiation exposure as a result of non invasive methods using radio waves and magnetic field, awareness amongst people about the benefits that are associated with early diagnosis and treatment, increase in the investments by medical imaging device manufacturers, availability of advanced technology products with efficient results and supportive government policies are anticipated to boost the angiography devices market for the forecasted period. Lack of health insurance cover, strict government regulations, the high cost of angiography, poor reimbursement policies for the end-users are some of the major factors inhibiting the growth of the global angiography devices market. Introduction of novel angiography devices in the market is expected to provide new opportunities for the market growth. Moreover, rising frequency of mergers, acquisitions, collaborations, and partnerships; new product launches are some of the latest trends observed in the global market.

Angiography Devices Market: Segmentation

On the basis of the technology, the angiography devices market is segmented as computed tomography (CT), magnetic resonance angiography (MRA) and X-ray angiography, out of which X-ray angiography is a dominant one due to its wide applicability. Based on the product, segmentation of the market can be Catheter Tubes, Angiography Systems, Balloons, Guidewires, Vascular Closure Devices, Contrast Media, and Accessories. Diagnostic and Therapeutic are the two segments of the Angiography devices market on the basis of its application. On the basis of the end-user, the segmentation of the market is Diagnostic Centers, Hospitals and Academic Research Laboratories. On the basis of indications angiography devices are used in the treatment of congenital heart failure, vascular heart diseases, and congenital heart diseases.

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Angiography Devices Market: Regional Analysis

North America angiography market is anticipated to dominate the global market over the forecast period followed by Europe owing to the presence of well-established healthcare infrastructure, replacement of older technologies and introduction of the new and advanced facility are expected to boost the demand for angiography devices market across the regions. Increasing number of investments by newer biotechnology/pharmaceutical firms, the high focus of leading players on expanding the market in Asia Pacific region, and improving healthcare infrastructure are driving the angiography devices market in the region.

Angiography Devices Market: Competitors

Medtronic Plc, GE Healthcare, Shimadzu Corporation, Covidien Plc, Cordis Corporation, Siemens AG, Royal Philips Electronics, St. Jude Medical, Inc., Toshiba Medical Systems Co, Boston Scientific Corporation, and Abbott Labs are few of the key players in the angiography devices market.

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