Technavio analyzes that the Angiography Devices Market is expected to grow at a CAGR of 5.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3541.5 million.There are various factors that contribute to the growth of the market. Angiography devices market has witnessed significant advancements in medical imaging technologies, revolutionizing diagnostic and interventional procedures. Innovations such as digital subtraction angiography (DSA), flat-panel detectors, and 3D rotational angiography have enhanced image quality and diagnostic accuracy. Additionally, the integration of artificial intelligence and machine learning algorithms in angiography systems is expected to further improve diagnostic efficiency and precision. These technological advancements are driving the growth of the angiography devices market.
Angiography devices are integral tools in the medical imaging industry, enabling healthcare professionals to visualize the intricacies of the circulatory system with high precision and immediacy. These devices, which include CT angiography systems (CTA), are essential for the diagnosis and management of various cardiovascular diseases (CVDs), such as coronary artery disease, cerebrovascular diseases, and peripheral artery diseases. CTA utilizes CT imaging technology to digitalize angiography procedures, providing electrophysiologists with detailed, real-time images of blood vessels. While the benefits of angiography are numerous, it's important to note that prolonged exposure to ionizing radiation during the procedure can lead to DNA damage and potential eye damage. Endovascular procedures, a minimally invasive alternative to traditional angiography, have gained popularity due to their reduced risk of complications. Angiography devices are indispensable in guiding healthcare professionals in making informed decisions, ultimately improving patient outcomes.
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Angiography Devices Market Segmentation
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The Angiography Devices Market is witnessing significant growth due to the rising prevalence of cardiovascular diseases (CVDs) among the geriatric population, with conditions such as coronary heart disease and stroke being major contributors. Unhealthy diet, obesity, physical inactivity, and cancer are key risk factors. Awareness programs and minimally invasive surgeries are driving market growth, while patient safety, scarring, recovery, and hospital stay remain concerns. Angiography devices play a crucial role in diagnosing and treating CVDs and cardiometabolic therapeutic interventions. Medical organizations, federal regulations, and minimally invasive procedures are also influencing market trends.
The Angiography Devices Market, a significant segment of the global healthcare equipment industry, encompasses Angiography systems and associated devices, such as 3D-capable systems and interventional balloons. Manufacturers in this sector focus on R&D to produce advanced, differentiated, and clinically validated devices. Technavio, a leading market research firm, calculates the market size based on the combined revenue of these companies. The industry includes diagnostic equipment and devices utilized across various therapy areas, including cancer. To increase awareness and mitigate cancer risk, CAD (Computer-Aided Detection) programs are being integrated into Angiography systems, utilizing Barium sulfate contrast agents for enhanced imaging.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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