Global Angiography Equipment Market: Overview
The significant rise for the demand and
growth of procedural equipment and meticulous diagnosis in the
healthcare industry has boosted the demand for angiography equipment
globally. The growing demand of angiography equipment is majorly due to
the predominance of cardiovascular ailments. Rising improvements in
medicine and surgical techniques is estimated to stimulate better
production in terms of angiography equipment. Some prominent medical
institutions continue to adopt these devices owing to the accurate
results of angiography equipment. One of the important trends in this
market is the early detection of heart related problems and it will
continue to be the key trends in the coming years as well. The demand
for angiography equipment is likely to rise owing to this key trend.
The report published has done an in-depth
analysis of present and future outlook of the global angiography
equipment market. It further explains the opportunities and drivers
influencing the angiography equipment market. In addition to this, the
research report has analyzed some of the challenges faced by this market
globally. The report’s objective was to prepare some leading company
profiles and extensively analyze their market share and core
competencies. The competitive developments which include partnerships,
mergers & acquisitions, new product launches, research and
development initiatives, and expansion of the key players were discussed
in the global angiography equipment market. Primary and secondary data
was used to collate information on key players and their respective
market shares. Data was collected from various sources such as journals,
press releases, publications, and some well-recognized magazines.
Global Angiography Equipment Market: Key Drivers and Challenges
The global demand for angiography
equipment market is primarily driven by technological improvements and
healthcare infrastructure. Innovative technologies such as CT scan, MRA,
and devices like flat panel detectors are spurring in demand which is
estimated to augment the growth of angiography equipment market in the
forecast period. In addition to this, factors such as frequency of
cardiovascular disorders, increasing geriatric population, and rising
shift towards prevailing angiography over prevailing angiography are
expected to boost the market growth in the coming years. Also,
increasing awareness with respect to the benefits linked with early
treatment contributes to the growth of angiography equipment market
globally. The risk of radiations has significantly reduced owing to the
non-invasive techniques using magnetic field and radio waves. This has
resulted in augmenting the demand for angiography equipment market.
Furthermore, increasing investments by medical manufactures of imaging
devices, accessibility of technologically improved equipment along with
support from government regulations are further anticipated to propel
the angiography equipment market within the forecast period. However,
there are some threats prevailing in the angiography equipment market.
Factors such as exposure towards radiations and reimbursement issues in
terms of angiography treatment are projected to hamper the growth of
global angiography equipment market during the forecast period.
Global Angiography Equipment Market: Regional Outlook
The global market for angiography
equipment is geographically spread over regions which include Europe,
North America, Asia Pacific, Middle East and Africa, and Latin America.
In 2014, North America accounted for the majority of market share. Owing
to the presence of fully equipped healthcare infrastructure, Europe is
second highest in terms of market share. Developing countries such as
China, India, and Brazil are estimated to grow the Asia Pacific market
throughput the forecast period. Rising number of biotechnology companies
and their investments coupled with healthcare infrastructure
enhancements are some of the factors responsible for the expansion of
angiography equipment market in this region.
Global Angiography Equipment Market: Competitive Insight
Some of the global leaders in angiography
equipment market are planning to adopt various strategies such as
collaborations, mergers and acquisitions, product launches, and
partnerships so as to attain competitive advantages and sustain in the
market. Few of the prominent companies in the angiography equipment
market incorporate Koninklijke Philips N.V. (Netherlands), GE Healthcare
(US), Canon Corporation (Japan), B. Braun Melsungen (Germany), Cordis
Corporation (US), Shimadzu Corporation (Japan), Medtronic, Inc. (US),
Abbott Laboratories (US), Boston Scientific Corporation (US), Siemens
Healthineers (Germany), and AngioDynamics (US) among others.
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