Global Angiography Equipment Market: Overview
The significant rise for the demand and growth of procedural equipment and meticulous diagnosis in the healthcare industry has boosted the demand for angiography equipment globally. The growing demand of angiography equipment is majorly due to the predominance of cardiovascular ailments. Rising improvements in medicine and surgical techniques is estimated to stimulate better production in terms of angiography equipment. Some prominent medical institutions continue to adopt these devices owing to the accurate results of angiography equipment. One of the important trends in this market is the early detection of heart related problems and it will continue to be the key trends in the coming years as well. The demand for angiography equipment is likely to rise owing to this key trend.
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The report published has done an in-depth analysis of present and future outlook of the global angiography equipment market. It further explains the opportunities and drivers influencing the angiography equipment market. In addition to this, the research report has analyzed some of the challenges faced by this market globally. The report’s objective was to prepare some leading company profiles and extensively analyze their market share and core competencies. The competitive developments which include partnerships, mergers & acquisitions, new product launches, research and development initiatives, and expansion of the key players were discussed in the global angiography equipment market. Primary and secondary data was used to collate information on key players and their respective market shares. Data was collected from various sources such as journals, press releases, publications, and some well-recognized magazines.
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Global Angiography Equipment Market: Key Drivers and Challenges
The global demand for angiography equipment market is primarily driven by technological improvements and healthcare infrastructure. Innovative technologies such as CT scan, MRA, and devices like flat panel detectors are spurring in demand which is estimated to augment the growth of angiography equipment market in the forecast period. In addition to this, factors such as frequency of cardiovascular disorders, increasing geriatric population, and rising shift towards prevailing angiography over prevailing angiography are expected to boost the market growth in the coming years. Also, increasing awareness with respect to the benefits linked with early treatment contributes to the growth of angiography equipment market globally. The risk of radiations has significantly reduced owing to the non-invasive techniques using magnetic field and radio waves. This has resulted in augmenting the demand for angiography equipment market. Furthermore, increasing investments by medical manufactures of imaging devices, accessibility of technologically improved equipment along with support from government regulations are further anticipated to propel the angiography equipment market within the forecast period. However, there are some threats prevailing in the angiography equipment market. Factors such as exposure towards radiations and reimbursement issues in terms of angiography treatment are projected to hamper the growth of global angiography equipment market during the forecast period.
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Global Angiography Equipment Market: Regional Outlook
The global market for angiography equipment is geographically spread over regions which include Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. In 2014, North America accounted for the majority of market share. Owing to the presence of fully equipped healthcare infrastructure, Europe is second highest in terms of market share. Developing countries such as China, India, and Brazil are estimated to grow the Asia Pacific market throughput the forecast period. Rising number of biotechnology companies and their investments coupled with healthcare infrastructure enhancements are some of the factors responsible for the expansion of angiography equipment market in this region.
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Global Angiography Equipment Market: Competitive Insight
Some of the global leaders in angiography equipment market are planning to adopt various strategies such as collaborations, mergers and acquisitions, product launches, and partnerships so as to attain competitive advantages and sustain in the market. Few of the prominent companies in the angiography equipment market incorporate Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Canon Corporation (Japan), B. Braun Melsungen (Germany), Cordis Corporation (US), Shimadzu Corporation (Japan), Medtronic, Inc. (US), Abbott Laboratories (US), Boston Scientific Corporation (US), Siemens Healthineers (Germany), and AngioDynamics (US) among others.
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