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The angio suites market is estimated to grow by USD 819.65 million at a CAGR of 5.65% between 2022 and 2027. Market expansion hinges on several factors, notably the escalating incidence of cardiac disorders, the proliferation of product launches, and a notable shift towards minimally invasive (MI) procedures. Conversely, market growth faces obstacles such as complications and side effects linked with angio suites imaging, rigorous regulations governing angio suites, and a shortage of proficient medical professionals. Despite the promising trajectory driven by the aforementioned growth drivers, overcoming these challenges is imperative for sustained market advancement. Addressing complications and side effects necessitates continuous innovation in imaging technologies and heightened safety standards. Similarly, navigating stringent regulations demands meticulous compliance measures and proactive engagement with regulatory bodies. Moreover, mitigating the shortage of skilled professionals entails investing in training programs and fostering talent development initiatives to ensure proficient workforce availability, thereby fostering continued growth and innovation in the cardiac intervention market. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The market share growth by the biplane angio suite segment will be significant during the forecast period. Biplane angio is an advanced medical facility, where a professional can perform minimally invasive procedures on patients with cardio disorders. The demand for minimally invasive procedures is increasing at a significant rate owing to better outcomes.
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The biplane angio suite segment was valued at USD 1.50 billion in 2017 and continue to grow until 2021. The growing number of minimally invasive procedures for treating closed and damaged heart valves and neck vessels has contributed to the market growth in recent years. Minimally invasive procedures for treating heart valve disease, which include MitraClip implantation, transcatheter aortic valve implantation, and valvuloplasty, are other factors that have further increased the sales. All these factors will drive the growth of the segment during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in the region is expected to grow at a moderate rate during the forecast period. The rising prevalence of chronic diseases such as cardiovascular disease, technological advances, product launches, the growing number of awareness programs, and high spending on healthcare are driving the growth of the market in North America. In addition, new technological developments are expected to increase the clinical use. The shift toward precision medicine and the increased use of imaging equipment across several healthcare applications are also driving the growth of the market in North America.
The Angio Suites Market is experiencing substantial growth, fueled by a rising prevalence of cardiovascular diseases and an increase in cardiac complications, as highlighted by the World Population Prospects 2022 report from the United Nations and the Australian Institute of Health and Welfare (AIHW). This surge is particularly significant among the geriatric population, driving the demand for minimally invasive surgeries and advanced diagnostic imaging technologies. Coronary angiography procedures, especially in males and females, are on the rise, necessitating the utilization of state-of-the-art angio suites equipped with features like improved image resolution, beam angulation, and adjustable table height. Despite the high cost of installation, the market for angio suites continues to expand, with a focus on optimizing radiation exposure and enhancing patient outcomes in angioplasty surgeries targeting blocked coronary arteries and coronary artery disease. Ongoing research studies, accessible through platforms like ScienceDirect, underscore the importance of technological advancements in reducing radiation exposure and improving the efficacy of angio suites, ensuring their widespread utilization and relevance in modern healthcare settings. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
Significant Market Trend
Major Market Challenge
Key Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3D Systems Corp. - The company offers 3D simulator angio monitor.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
The market is experiencing significant growth driven by technological advancements and the rising prevalence of cardiac complications, particularly among the older population. Research studies, such as those available on platforms like ScienceDirect, underscore the importance of mitigating radiation exposure and enhancing image resolution in angiography procedures. Factors such as beam angulation and table height further contribute to optimized imaging outcomes. Despite the high cost of installation and utilization, the demand for angio suits remains robust, especially in diagnosing and treating conditions like blocked coronary arteries and triple vessel disease. Innovations in hand-operated systems and ablation techniques, supported by organizations like the American Heart Association, aim to improve success rates and facilitate minimal invasion procedures, ensuring speedy recovery for patients with life-threatening heart and circulatory diseases. Regulatory frameworks and clinical practice guidelines, alongside skilled healthcare professionals and advanced cardiac devices, are integral to navigating the complexities of the market across various application segments and end-users, including cath labs and diagnostic procedures.
The market is witnessing substantial growth due to the increasing prevalence of cardiovascular diseases and the rise in cardiac complications globally. Minimally invasive surgeries, such as coronary angioplasty procedures, are becoming increasingly popular for treating conditions like coronary artery disease. With advancements in medical technologies and the utilization of angio suits, angioplasty surgeries are becoming more efficient and successful, contributing to improved patient outcomes. Organizations like the International Summit on Complex High-Risk Indicated Procedures (CHIP) and hospitals like Medica Superspecialty Hospital are at the forefront of innovation in cardiovascular care, offering advanced treatments like laser angioplasty and the Rotapro Rotational Atherectomy System. However, challenges remain, including regulatory frameworks and the need for skilled healthcare professionals to perform diagnostic procedures and operate medical devices effectively. Despite these obstacles, the Angioplasty Market continues to expand, offering hope for patients with life-threatening cardiovascular diseases.
Angio Suites Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.65% |
Market growth 2023-2027 |
USD 819.65 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.19 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 36% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3D Systems Corp., B. Braun SE, Canon Inc., Carestream Health Inc., Carl Zeiss Stiftung, Esaote Spa, FUJIFILM Holdings Corp., General Electric Co., Guerbet, Hologic Inc., IMRIS Deerfield Imaging Inc., Koninklijke Philips NV, Lam Vascular and Associates, Mentice AB, Mindray Bio medical Electronics Co. Ltd, Planmeca Oy, QMD, Shimadzu Corp., Siemens AG, and Surgical Science Sweden AB |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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