The global angiography devices market size was valued at USD 9.8 billion in 2018 and is projected to expand at a CAGR of 6.54% over the forecast period. Increasing scope of application and technological innovations are expected to be the key growth-driving factors for the market.
In 2016, the World Health Organization (WHO) reported 17.9 million deaths from cardiovascular diseases. The unhealthy diet, physical inactivity, tobacco use, alcohol consumption, increasing cases of blockage of vessels and increasing incidences of diabetes are fueling the pervasiveness of cardiovascular diseases.
The underlying causes of CVDs can be accounted to globalization, urbanization and population aging.
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The propelling market is driven with increasing geriatric population, increasing awareness of early detection, growing demand for interventional angiography systems in invasive surgeries, continuous advancement of the technology involved, collaborations and investments.
The vendors of angiography systems are developing technologies to address emerging Cath lab trends, radiation dose reduction, image quality improvement, advanced procedural image guidance to unravel the complex procedures involved in the imaging blood vessels.
The key players of the market are GE Healthcare, Shimadzu Medical Systems, Siemens Healthineers, Koninklijke Philips N.V., Canon Corporation, Boston Scientific Corporation, B. Braun Melsungen, Medtronic, Angiodynamics and Cordis.
The increasing investment in technology for expansion of product range is one of the major strategies opted by the key companies. In 2017 at Transcatheter Cardiovascular Therapeutics (TCT) meeting, Shimadzu Medical Systems introduced its Trinias Unity Interventional X-ray system.
The system posses8- and 12- inch detector size for vascular and interventional radiology applications. Similarly, companies like Seimens Healthineers and Philips unveiled their new angiography imaging equipment.
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