Angiography Equipment Market: Current Analysis and Forecast (2021-2027)


Emphasis on Product (Angiography Equipment Solutions, Angiography Systems, Angiography Catheters, Angiography Contrast Media, Vascular Closure Devices (VCDs), Angiography Balloons, Angiography Guidewires, Angiography Accessories); Technology (X-Ray, CT, MRI, Others); Procedure (Coronary Angiography, Endovascular Angiography, Neuroangiography Others); Application (Diagnostics, Therapeutics); End-User (Hospitals & Clinics, Diagnostic & Imaging Centers, Research Institutes); Region/Country









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Report Description
Table of content
Research Methodology

Report Description

Global Angiography Equipment Market was valued approximately US$ 11.6 billion in 2020 and is anticipated to exceed US$ 18.0 billion by 2027, displaying an elevated CAGR of more than 6% over the forecast period (2021-2027). Angiography is a procedure used for the imaging of blood vessels of heart, head, kidneys, or lungs. The procedure is performed by inserting contrast medium into arteries to examine blood vessels. Angiography is performed with the use of an x-ray with catheters, magnetic resonance imaging, and computed tomography.

This market growth is ascribed to the growing incidence of diseases such as cancer and CVDs, surging product approvals for advanced angiography techniques in the market, the large number of ongoing research activities, growing government and public-private investments, increasing number of awareness programs, and rising adoption of angiography devices due to many angiography procedures performed across the globe. Cardiovascular diseases (CVDs) are the leading cause of heart attacks, strokes, and other circulatory diseases. According to the World Health Organization (WHO), 17.9 million people died from CVDs in 2015, i.e., 31% of all global deaths and this number is expected to grow by 23.6 million by 2030. Hence, increasing demand of angiographic devices is boosting the growth of the market.

High adoption of optical coherence tomography angiography devices for lessening radiation doses is a key trend that is being witnessed in the angiography equipment market. Apart from this, technological advancements are providing wide opportunities for the key industry players operating in the angiography equipment domain.

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Demand of accurate diagnosis, advancement of technologies around the global in healthcare along with preference towards magnetic resonance imaging over conventional methods are the important factors contributing to the growth. Rising prevalence of CVDs is the key growth-driving factors for the market. According to the WHO, factors including tobacco and alcohol consumption, unhealthy diet, obesity, and physical inactivity increase the risk of CVD. The incidence of obesity in adults rose from 34.9% to 37.7% in 2014 and 16.9% to 17.2% in children. Per person, approximately USD 10,348 was spent on healthcare in the country.

GE Healthcare, Siemens, Philips, Terumo Corporation, Abbott Laboratories, Boston Scientific Inc., Medtronic Plc, Canon Medical Systems, B. Braun, Cordis are some of the prominent players operating in the global Angiography Equipment market. Several M&A’s along with partnerships have been undertaken by these players to develop new and advanced products.

Insights Presented in the Report

“Amongst product, angiography systems segment holds the major share”

Based on product, the global angiography equipment market is segmented into Angiography Equipment Solutions, Angiography Systems, Angiography Catheters, Angiography Contrast Media, Vascular Closure Devices (VCDs), Angiography Balloons, Angiography Guidewires, Angiography Accessories. Out of which, angiography systems is dominating the market on account of innovative progressions in angiography gadgets, expanding number of patients with cardiovascular illnesses and increasing number of angiography surgeries around the globe.

“Amongst technology, the X-ray angiography segment holds the major share”

By technology, the global angiography equipment market is segmented into X-Ray Angiography, CT Angiography, MR Angiography and Others. In 2020, X-ray angiography technology segment held the largest market share in terms of revenue. This is due to increasing number of interventional and diagnostic X-ray procedures which is why it is the most adopted technology in the market.

“Amongst procedure, coronary angiography segment holds the major share”

In terms of procedure, the market is categorized into Coronary Angiography, Endovascular Angiography, Neuroangiography and Others. Coronary angiography segment is leading the market because of an increase in the prevalence of coronary heart diseases due to the aging population.

“Amongst application, the diagnostics segment holds the major share”

In terms of application, the angiography equipment market is segmented into Diagnostics and Therapeutics. The diagnostic segment held the largest market share in 2020 and is further projected to maintain its leading position during the forecast period as well. The large share of this segment is primarily attributed to the increasing number of aging population and cardiovascular diseases.

“Amongst end-user, the hospital and clinics segment hold the major share”

Based on end-user the market is categorized into Hospitals and Clinics, Diagnostic and Imaging Centers and Research Institutes. Currently, hospitals and clinics accounted for the major market share in 2020. This is due to a large population of patient diagnosed and treated at hospitals.

“North America signifies one of the largest markets of Angiography Equipment market”

For a better understanding of the market dynamics of the Angiography Equipment market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), Rest of World has been conducted. North America has dominated the angiography equipment market which is attributable to increasing geriatric population and prevalence of CVDs. Presence of major companies in the U.S. further contributes to the major share of the market. GE Healthcare, Philips Healthcare, Boston Scientific Corporation, Abbott Laboratories, AngioDynamics, Inc., Cordis Corp., Carestream Health and Hologic, Inc. are some of the angiography equipment manufacturing companies based in the U.S.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

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1.1. Market Definitions
1.2. Objective of the Study
1.3. Limitation
1.4. Stake Holders
1.5. Currency Used in Report
1.6. Scope of the Angiography Equipment Market Study

2.1. Research Methodology for the Global Angiography Equipment Market
2.1.1. Main Objective of the Global Angiography Equipment Market

7.1. Angiography Equipment Solutions
7.2. Angiography Systems
7.3. Angiography Catheters
7.4. Angiography Contrast Media
7.5. Vascular Closure Devices (VCDs)
7.6. Angiography Balloons
7.7. Angiography Guidewires
7.8. Angiography Accessories


9.1. Coronary Angiography
9.2. Endovascular Angiography
9.3. Neuroangiography
9.4. Others

10.1. Diagnostics
10.2. Therapeutics

11.1. Hospitals and Clinics
11.2. Diagnostic and Imaging Centers
11.3. Research Institutes

12.1. North America Angiography Equipment Market
12.1.1. United States
12.1.2. Canada
12.1.3. Rest of North America
12.2. Europe Angiography Equipment Market
12.2.1. Germany
12.2.2. France
12.2.3. United Kingdom
12.2.4. Italy
12.2.5. Spain
12.2.6. Rest of Europe
12.3. Asia Pacific Angiography Equipment Market
12.3.1. China
12.3.2. Japan
12.3.3. India
12.3.4. South Korea
12.3.5. Rest of Asia Pacific
12.4. Rest of World Angiography Equipment Market

13.1. Market Drivers
13.2. Market Challenges
13.3. Impact Analysis

17.1. Demand Side Analysis
17.2. Supply Side Analysis
17.2.1. Top Product Launches
17.2.2. Top Business Partnerships
17.2.3. Top Business Expansions, Investments and Divestitures
17.2.4. Top Merger and Acquisitions

19.1. Porter’s Five Forces Analysis
19.1.1. Bargaining power of Supplier
19.1.2. Bargaining power of Buyer
19.1.3. Industry Rivalry
19.1.4. Availability of Substitute
19.1.5. Threat of new Entrants
19.2. Competitive Landscape
19.2.1. Company Shares, By Revenue

20.1. GE Healthcare
20.2. Siemens
20.3. Philips
20.4. Terumo
20.5. Abbott
20.6. Boston Scientific
20.7. Medtronic
20.8. Canon Medical Systems
20.9. Cordis (A Cardinal Health Company)
20.10. B. Braun

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Angiography Equipment Market were the three major steps undertaken to create and analyze the adoption of Angiography Equipment for the different diseases across major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of Angiography Equipment. Post assumption and validation of market numbers through primary interviews, we employed a top-down approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size                                                                          

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the Angiography Equipment market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Angiography Equipment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments for major regions. Major segments included in the report are product and end-user. Further country-level analyses were conducted to evaluate the overall utilization of Angiography Equipment in every region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Angiography Equipment market. Further, we conducted factor analysis using dependent and independent variables such as increasing incidence of CVD. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, and product launches in the Angiography Equipment industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the angiography equipment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (USD) and the utilization rate of Angiography Equipment across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Angiography Equipment market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Angiography Equipment market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, technology, procedure, application, end user of the angiography equipment market.

Main Objective of the Angiography Equipment Market Study

The current & future market trends of Angiography Equipment were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Angiography Equipment in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product, technology, procedure, application, end user
  • Define and analysis of the regulatory framework for the Angiography Equipment industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Angiography Equipment market for the major region
  • Major regions studied in the report include North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of the World
  • Company profiles of the Angiography Equipment market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry