Angiography Equipment Market – Analysis and Forecast To 2024 | GE Healthcare, Siemens AG, Medtronic Plc.

Angiography is a diagnostic procedure use of X-ray for the analysis of the condition of blood vessels, with the assistance of special dye. It is used in conditions such as peripheral arterial disease, angina, atherosclerosis, brain aneurysm, pulmonary aneurysm, and others. The global angiography equipment market is growing at a significant rate, due to expanding the geriatric population and mounting occurrence of cardiovascular diseases.

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Limited reimbursement, escalating product recalls, and risk of radiation exposure are the major challenges for the growth of angiography equipment market.

Globally, the manufacturing companies trying to enter the angiography equipment market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Geographically, Europe is the largest angiography equipment market as in the region the occurrence of heart diseases and cancer are increasing. In addition, a mounting number of alertness programs, a huge number of ongoing research activities, escalating acceptance of angiography devices, and mounting government and public-private investments are also up surging growth of the European angiography equipment market.

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Key players in the angiography equipment market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In June 2016, GE Healthcare partnered with Getinge to introduce angiography solution for the hybrid operating room. GE Healthcare, Shimadzu Corporation, Boston Scientific Corporation, Siemens AG, Medtronic Plc, Terumo Corporation, Abbott, Koninklijke Philips N.V., B. Braun Melsungen, Canon Medical Systems, and Angiodynamics are the key players offering angiography equipment.

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