Global angio suites market, by Product Type (Biplane Angio Suites & Single Plane Angio Suites), By End User (Hospitals and Cath Labs) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global angio suites market in 2020 is estimated for more than US$ 1.6 Bn and expected to reach a value of US$ 2.4 Bn by 2028 with a significant CAGR of 5.3%.
As per the report, angio suites offer the most exceptional imaging abilities with enhanced spatial resolution. A portion of the administrations offered in angio suites is aortic analysis, stomach aortic aneurysm, carotid conduit sickness, complex fringe vein ailment, horrendous aortic damage, and others. Angio suites give both symptomatic and interventional care to decrease and dispose of the torment.
The Angio suites market is expected to show significant growth in the next decade owing to an increase in death due to cardiovascular diseases around the globe. According to WHO, cardiovascular diseases are the prime cause of death around the world in comparison to other diseases. In 2016, more than 17.9 million people died due to the cardiovascular diseases which are accounted for 31% of total death occurred in that year.
The increasing demand for minimally invasive surgery is also one of the major factors that are expected to drive the growth of angio suites during the forecast period. In comparison to conventional surgery cost of minimally invasive surgery is less and rapid which is increasing the demand for minimally invasive surgery and expected to become a factor that will propel the growth of angio suites market in near future.
Also, increasing technical advancement, increasing R&D, a large number of ongoing research activities, and increasing awareness towards angiography are some of the other factors that are expected to drive the growth of angio suits market around the globe.
However, the inappropriate execution and advancement of clinical practice rules in the vast majority of the regions are factors impeding the development of the market. Moreover, the absence of an appropriate administrative structure is likewise expected to limit the development of the global angio suites market.
Furthermore, Meridian Market Consultants (MMC) Study identifies that, in 2018, North America is accounted to hold the largest market share in comparison to other regions and expected to maintain its dominance throughout the forecast period, owing to the presence of key players in the region and availability of advance healthcare structure in comparison to other regions.
MMC Study identifies some of the key participating players in the Angio suites market globally are GE Healthcare, Koninklijke Philips N.V., Siemens AG, Shimadzu Corporation, Canon, Inc., and others. Emerging players operating in the angio suites market are majorly focusing on new marketing strategies in order to expand their product footprint in the global angio suites market.
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