Angiography Devices Market Is Expected to Reach $27.8 Billion by 2019 - New Report by MarketsandMarkets
(PRWEB) January 14, 2015 -- The global angiography devices market is dominated by North America followed by Europe. However the Asian market is expected to witness the highest growth due to increasing procedure volumes (caused by huge aging population and rising number of patients with cardiovascular disease symptoms). North America and Europe are expected to grow at a sluggish rate since these are relatively saturated markets. These markets will be driven by the trend of replacing old devices with newer and advanced ones.
Browse 85 market data tables and 27 figures spread through 250 pages and in-depth TOC on "Angiography Devices Market".
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This report studies the global angiography devices market, with forecast to 2019. The angiography devices market is expected to grow at a healthy CAGR of 7.2% from 2014 to 2019. The angiography devices market studied in this report is mainly segmented by technology, products, application, procedure, indication and end users.
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Growth in this market is attributed to the rising demand for exact diagnosis & treatment of cardiovascular disease, advancement in technology and new product launches. However the high cost of these devices, lack of reimbursement and stringent regulatory requirements are curbing market growth to a certain extent.
The global angiography devices market is segmented by technology, product, application, procedure, indication, end users and region. It also discusses the key market drivers, restraints, opportunities, and challenges of this market and its submarkets. The market by products is segmented into angiography systems, catheters, guide-wires, balloons, contrast media, vascular closure devices and accessories.
North America a major market for global angiography devices, occupied a major share in this market, closely followed by Europe. However emerging countries from Asia and the Rest of the World (Latin America) are expected to record strong growth during the forecast period. Countries like India, China and Brazil will majorly drive market growth owing to rising investments by public & private players to provide improved healthcare services in these countries. The presence of a large patient population and the focus of leading players on capturing growth opportunities in these markets.
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Major players in the angiography devices market are Siemens Healthcare (Germany), GE Healthcare (U.K.), Toshiba Medical Systems Corporation (Japan), Shimadzu Corporation (Japan), Royal Philips Electronics (Netherlands), St. Jude Medical, Inc. (U.S.), and Abbott Vascular (Abbott Laboratories) (U.S.).
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