Global angiography devices market estimated to have a revenue of US$33,370.3 mn by the end of 2025.
Albany, NY -- (SBWIRE) -- 03/13/2018 -- Across the world, cardiovascular diseases are reported as the leading cause of death in different countries. To diagnose and treatment of cardiovascular disease, angiography devices are highly utilized across the world. The devices are also used to lower incidence rate of cardiac diseases and are expected to be available in the majority of hospitals. As a result, the demand for angiography devices is expected to remain sustained for decades, boosting the increase of the market growth in the coming years. These findings have been presented in a new study titled "Angiography Devices Market - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2017 – 2025", and now publicized to the wide repository of Market Research Hub (MRH). This 266-pages study accurately predicts the future of the market and also gives an overview of the present market situation.
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The report majorly covers different sections on market definition, market dynamics including the key drivers, restraints and trends that are governing the market. The dynamics are based on different micro and macroeconomic factors prevailing in the industry during the forecast period. In order to provide a comprehensive overview of the global angiography devices market, the research has been broadly categorizing the market into five major segments including product, technology, application, end-user, and geography.
Key Facts Mentioned in the Study
According to the study major findings, the demand in the global angiography devices market will swell at a notable CAGR of 4.3% during the forecast period of 2017 to 2025. Also, it has been evaluated that the vendors operating in the global angiography devices market will have a revenue share of US$33,370.3 mn, by the end of 2025.
Angiography involves the use of x-ray imaging to examine blood vessels of the neck, brain, heart, and kidneys. Apart from the prevalence of coronary artery disease, increasing cases of blockages in blood vessels in non-coronary diseases, particularly among the geriatrics, is expected to drive the demand in the angiography devices market. In the present time, escalating geriatrics population, who commonly suffer from cardiovascular disorders (CVD), growing number of awareness programs to provide for essential medical equipment to their citizens are key factors driving the demand in the global angiography devices market.
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Geographically, North America has been identified as the region with maximum demand and anticipated to remain so until 2025 as well. On the basis of product, the angiography devices market has been segmented into angiographic systems and consumables. The analysts of the report have evaluated that consumables are anticipated to maintain a strong demand throughout the forecast period.
Technology-wise, the market for angiography devices has been bifurcated into MRI, CT, X-ray and others. On the other hand, application-wise segmentation includes peripheral, carotid, coronary, renal, cerebral, and aortic.
At last, the study outlines major players operating in the angiography devices market around the world. They are Merit Medical Systems, Inc., Cordis Corporation (Johnson & Johnson Company), Siemens Healthcare, Medtronic plc, Shimadzu Corporation, GE Healthcare, Koninklijke Philips N.V., AngioDynamics, Inc., Canon Medical Systems Corporation, and Boston Scientific Corporation, among others.
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