Angiography Devices Market: size was valued at USD 12.6 Bn. in 2021 and the total Angiography Devices revenue is expected to grow by 6 % from 2022 to 2029, reaching nearly USD 20.1 Bn.
Angiography Devices Market Overview:
The Angiography Devices Market competitive landscape comprises information about rivals. A firm overview, financials, revenue produced, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product launch, and application domination are among the topics covered. The following information is only relevant to the organization's focus on the Angiography Devices market.
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Angiography Devices Market Dynamic:
Minimally invasive surgeries are less expensive and faster than traditional surgeries. These surgical procedures improve patient safety, reduce scarring, ensure faster recovery, and shorten hospital stays. According to a news article published in JAMA (Journal of the American Medical Association), research conducted by investigators at Johns Hopkins Medicine, a division of Johns Hopkins University (US), revealed that performing MIS procedures instead of traditional surgeries could save American hospitals between USD 281 million and USD 341 million per year. Angiography is preferred in minimally invasive procedures because angiograms generated during the diagnosis phase present a detailed, clear, and accurate picture of a patient's blood vessels in the heart, eliminating the need for costly invasive surgeries.
Market Scope:.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To create percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the relevant area or nation determines the country-wise segmentation of the main market and its sub-segments.
Angiography Devices Market Segmentation:
Based on Product, The global angiography devices market is divided into accessories, systems, guidewires, catheters, balloons, vascular closure devices, and contrast media. Because of ongoing investments, technological advancements, and a growing scope of applications, the angiography systems segment led the market in 2021. These systems have progressed from catheter-based minimally invasive procedures to digitalized procedures.
Contrast media is expected to be the fastest-growing product segment during the forecast years. These products are widely used to improve the visibility of blood vessels in imaging techniques such as CT angiography, MRA, and X-ray. It is also used in projectional radiography and fluoroscopy. Iodine, barium-sulfate, and gadolinium are some of the radiocontrast agents that are used.
Angiography Devices Market Key Players:
• Abbott Laboratories
• Cardinal Health Inc.
• GE Healthcare
• Medtronic PLC
• Shimadzu Corporation
• Siemens Healthineers AG
• Toshiba Medical Systems Corporation
• Royal Philips Electronics
• Cordis Corporation
• Terumo Corporation
• B. Braun Melsungen AG
• AngioDynamics
• Boston Scientific Corporation
• Canon Inc.
• Koninklijke Philips N.V.
• GENERAL ELECTRIC COMPANY
• Merit Medical Systems
• MEDI TECH DEVICES PVT LTD
• ST. STONE MEDICAL DEVICES PVT. LTD.
• InterMed Medical
• Abbvie Inc.
• Hologic, Inc
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data. The following are the key players of the Angiography Devices market-
Regional Analysis:
Individual market influencing components and changes in market rules that affect current and future market trends are also investigated in the geographical component of the research. Some of the factors used to forecast market scenarios for various countries include downstream and upstream value chain analysis, technological trends, Porter's five forces analysis, and case studies.
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COVID-19 Impact Analysis on Angiography Devices Market: Furthermore, the research assesses the impact of COVID-19 on the Angiography Devices market. The fundamental purpose of this research is to help users understand the market in terms of definition, segmentation, market potential, key trends, and difficulties that the industry confronts across major regions. The paper provides a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the Angiography Devices Market. The report focuses on market share and size, clearly demonstrating the pandemic's influence on the worldwide Angiography Devices Market in the next years.
Key Questions Answered in the Angiography Devices Market Report are:
- What will be the Angiography Devices market's CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the Angiography Devices industry?
- Who are the key players in the Angiography Devices market?
- What important trends in the Angiography Devices industry are anticipated to develop throughout the forecast period?
- How big will the Angiography Devices market be in 2027?
- In 2020, which business segment had the highest proportion of the Angiography Devices market?
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