Angiography X-Ray Market
Number of pages: 100 | Report Format: PDF | Published date: 02 March, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Growth Rate |
CAGR of 4.65% from 2023 to 2031 |
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Base year for estimation |
2022 |
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Forecast Period |
2023-2031 |
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Historical Year |
2021 |
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Segments covered |
Procedure, Application, and Region |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global angiography X-ray market is expected to register a revenue CAGR of 4.65%.
Market Fundaments
X-ray angiography is a medical imaging procedure that utilizes X-rays to examine the body's blood arteries and organs. An angiography, also known as an arteriogram, as arteries are invisible to X-rays, the only method to see them is to fill them with dye. The dye's correct terminology is 'contrast,' and it is the iodine it contains that is visible on X-ray. The X-ray angiography can be used for a variety of treatments ranging from the brain to the feet; the required level of image quality varies based on the method and region of treatment. The brain in particular has a complicated network of fine blood veins weaving through the crevices between the nerves and there has been substantial demand from point-of-care clinics for a higher-resolution X-ray detector. There are some of the current trends in X- ray angiography like digital subtraction angiography (DSA), cone-beam computed tomography (CBCT), interventional radiology. CBCT is a relatively recent technique that produces 3D pictures of blood vessels and surrounding structures using a cone-shaped X-ray beam. It can produce high-resolution images while exposing the patient to less radiation than typical CT scans. On contrary, DSA is a technique of X-ray angiography wherein computer software is used to make an image of the blood arteries that is free of interference from other structures. It has the potential to produce crisper and more detailed images than traditional X-ray angiography.
Interventional radiology is a fast-expanding domain that use X-ray angiography to guide minimally invasive operations like stent implantation, embolization, and angioplasty. These treatments can be performed through a small incision or using a catheter, reducing recovery time and the risk of complications. Moreover, AI and machine learning are also increasingly being used to analyse X-ray angiography images and assist in diagnosis and treatment planning. AI algorithms, for example, can help identify regions of blockage or anomalies in blood arteries and predict the likelihood of future problem.
Market Dynamics
The changing lifestyles have increased the prevalence of vascular disorders such as heart attack and brain aneurysm. In the middle of this trend, catheter therapy is becoming increasingly popular because it not only eliminates the need for major surgical procedures such as thoracotomies or craniotomies, which place a significant burden on the patient, but also significantly reduces the length of patients' hospital stay. X-ray angiography is a necessary component of catheter therapy. The procedure involves injecting contrast material into the patient's blood vessels in order to produce real-time intravascular pictures in monochromatic contrast. Initially designed for diagnostic purposes, it is now a significant tool in medical therapy. In the emergency department, where every second counts, X-ray angiography is even more effective since it streamlines and speeds up the procedure from diagnosis to therapy. Hence, ultimately driving the market during forecast period.
The increase in geriatric population prone to chronic heart disease, as well as the rise in prevalence of cardiovascular diseases such as coronary artery blockage, heart attack, atherosclerosis disease, ischemic stroke, aneurysm, tumours, blood clot in brain, hypertension, myocardial infarction, arrythmia. Increase in blockages of blood vessel in heart, brain, kidney, and liver, and rise in demand for minimally invasive These reasons contribute to the expansion of the angiography X- ray market. According to the Health Hearty 2020 research, the occurrence rate of heart attacks per 10,000 persons is roughly 190 in people over 85, and around 117 in those between 75 and 84. For instance, according to the National Centre for Health Statistics, over 795,000 people in the United States have a stroke each year. Furthermore, according to the Centers for Disease Control and Prevention, ischemic stroke accounts for approximately 87% of all recorded strokes. However, the risks associated with X-ray angiography devices such as radiation exposure, which can cause skin, eye, and, in the worst-case scenario, cancer, may limit market growth throughout the forecast period. Furthermore, the lack of health insurance coverage and the implementation of stringent government regulations may hinder the global Angiography X-ray market growth.
Market Ecosystem
The global angiography X-ray market has been analysed from three perspectives by Procedure, Application, and Region
Angiography X-Ray Market by Procedure
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Based on procedure, the angiography X-ray market has been segmented into coronary, endovascular, cerebral.
The coronary segment dominated the market in 2022. Coronary angiograms are a type of procedure that belongs to the group of heart (cardiac) catheterizations. Cardiac catheterization techniques can be used to diagnose and treat heart and blood vessel abnormalities. The most common type of cardiac catheterization technique is a coronary angiography, which can assist identify heart issues.
Rising CAD prevalence and the availability of less-invasive imaging techniques are driving up demand for coronary angiography in developing nations such as China and India. Furthermore, Continuous advancements in imaging technology have allowed for more accurate disease diagnosis. The imaging expertise has evolved from single slice CT to multislice CT, which provides superior CAD visualisation and assessment. Moreover, the growing frequency of cardiovascular disorders, expanding numbers of coronary angiography operations, technological developments in coronary angiography devices, and increased product approvals for improved angiography techniques are all driving up demand for coronary angiography. For instance, according to Manda et al. paper titled "Cardiac Catheterization Risks and Consequences," in the year 2021, the number of cardiac catheterization procedures conducted in the United States will be 1,000,000. Coronary angiography equipment is also often employed in minimally invasive operations. The reasons stated above will necessitate the usage of coronary angiography equipment, resulting in an increase in the global coronary angiography devices market.
Angiography X-Ray Market by Application
Based on application, the angiography X-ray market has been segmented into diagnostics & therapeutics.
The diagnostic application dominated the market in 2022. CTA and MRA advancements provide useful information not only in cardiology but also in neurology, such as cerebral aneurysms, acute stroke, brain arteriovenous malformation, dural arteriovenous fistula, suspected cerebral vasculitis, and occlusive disorders.
Angiography X-Ray Market by Region
Based on procedure, the angiography X-ray market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America dominates the angiography X-ray market because of the high acceptance rate of minimally invasive procedures, the availability of reimbursements, the expanding elderly population, high replacement rates of medical equipment and increasing prevalence of cardiovascular diseases (CVDs). For instance, in the United States, cardiovascular disease is the leading cause of death. CVD was responsible for 46.8% of all fatalities in 2021, according to the American Heart Association statistical fact sheet, followed by stroke (17.8%), high blood pressure (10.4%), and heart failure (9.5%). More than 132 million persons in the country are predicted to have one or more types of CVD by 2035. Moreover, Tobacco and alcohol use, poor diet, obesity, and physical inactivity, according to the WHO, all raise the risk of CVD. Obesity in adults went from 35.9% to 38.7% in 2020, while obesity in children increased from 17.9% to 18.2%. Healthcare cost the country about USD 10,448 per person. American manufacturing is expected to be impacted by the shifting regulatory environment. All of these factors are driving the angiography X-ray market and will continue to do so during the projected period. Additionally, factors such as a strong network of medical device businesses and a large number of hospitals spread across cities and states with significant funding prospects primarily contribute to the region's dominance in the market. Furthermore, good government assistance aids in the development required for the overall treatment of cardiovascular disorders in the region's healthcare domain.
After North America, Europe is the second-largest market. The high prevalence of cardiovascular disorders, considerable government spending, speedier product approval procedures, and increased acceptance of angiography equipment due to the enormous number of angiography screening procedures conducted all contribute to Europe's larger share.
Over the projection period, Asia Pacific is expected to be the fastest-growing region. The Japanese government's favourable reimbursement policies boosting technology developments are assisting the region's progress. In nations such as South Korea, Brazil, and India, the regulatory environment is less demanding creating an appealing opportunity for multinational corporations to establish a presence in these markets. China is consolidating to improve the quality of this equipment. Increasing imports from major market players such as GE Healthcare, Siemens Healthcare, and Koninklijke Philips N.V. are propelling the China angiography X-ray market forward.
Competitive Landscape
Companies are investing in research and development, partnership, acquisition, merger, to increase the growth, sales and gain competitive edge. For instance, in February 2023, Shimadzu Medical Systems USA introduced the Trinias angiography system at the 2022 Annual Conference of the Society of Interventional Radiology (SIR). The new Trinias system uses AI deep learning technology to improve the visibility of medical devices while consuming 40% or less X-ray dosage than the company's prior models at 7.5pps and 10pps under standard dose ratio (Air Kerma). According to the organization, this is the first time AI has been integrated into an angiography system's image processing engine. Some of the prominent players in the global angiography X-ray market include:
Strategic Development
X-ray angiography is a medical imaging procedure that utilizes X-rays to examine the body's blood arteries and organs. An angiography, also known as an arteriogram, as arteries are invisible to X-rays, the only method to see them is to fill them with dye.
The Europe and Asia Pacific ae the two key growth regions in the global angiography X-Ray market.
The coronary procedure segment accounts for the largest share in the global angiography X-ray market.
The global angiography X-ray market is expected to register a revenue CAGR of 4.65%.
Some of the prominent players in the global angiography X-Ray market include, AngioDynamics Inc., Shimadzu Corporation, Canon Medical Systems Corporation and notable players.
*Insights on financial performance are subject to availability of the information in the public domain
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Snehal Deshmukh
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