The angiography devices market is expected to reach $27.7 billion at a healthy CAGR of 4.4% from 2014 to 2019. Growth in this market is attributed to the rising demand for exact diagnosis & treatment of cardiovascular disease, advancement in technology, and new product launches. However, the high cost of these devices, lack of reimbursement, and stringent regulatory requirements are curbing market growth to a certain extent.
The global angiography devices market is segmented by technology, product, application, procedure, indication, end users, and region. It also discusses the key market drivers, restraints, opportunities, and challenges of this market and its submarkets. The market, by products, is segmented into angiography systems, catheters, guide-wires, balloons, contrast media, vascular closure devices, and accessories.
North America, a major market for global angiography devices, occupied a major share in this market, closely followed by Europe. However, emerging countries from Asia and the Rest of the World (Latin America) are expected to record strong growth during the forecast period. Countries like India, China, and Brazil will majorly drive market growth, owing to rising investments by public & private players to provide improved healthcare services in these countries, the presence of a large patient population, and the focus of leading players on capturing growth opportunities in these markets.
Major players in the angiography devices market are Siemens Healthcare (Germany), GE Healthcare (U.K.), Toshiba Medical Systems Corporation (Japan), Shimadzu Corporation (Japan), Royal Philips Electronics (Netherlands), St. Jude Medical, Inc. (U.S.), and Abbott Vascular (Abbott Laboratories) (U.S.).
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