The Global Angio Suites Market Report is a compilation of comprehensive research studies of various aspects of the Angio Suites Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Angio Suites market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Angio Suites market and how they will evolve in the years to come.
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In terms of revenue, angio suites market was valued at US$ 1412.90 Mn in 2022 growing at a CAGR of 5.9% over the forecast period (2022 – 2030).. 3D Systems Inc., Canon Medical Systems Corporation, GE Healthcare, Guerbet, Phillips Healthcare, Shimadzu Corporation, Siemens Healthcare, and Zeiss Group amongst others.
In the global angio suites market, the major drivers contributing to the market growth are government funding along with the development of new innovative medical devices. Due to increasing incidence of life-threatening diseases, diagnostics procedures are increasing all over the world. The direct and indirect costs of diagnosis as well as imaging are observed to have increased over the period of time. In order to develop cost-effective and efficient medical devices, various governments in developed countries are actively funding research & development (R&D) activities, which is contributing towards the growth of global angio suites market.
In 2017 – 2018, the State Government of New South Wales (NSW) in Australia sanctioned medical devices fund of about US$ 8 million as the government wanted to encourage and support investments in the development and commercialization of medical devices and other related technologies. Private companies are also investing into R&D, which is anticipated to further boost the growth of global angio suites market. In August 2021, Biosensors established a global R&D center that was meant to provide round-the-clock R&D services. Many innovation centers have been set up in Shanghai, Singapore, California, and Europe in line with the company’s global expansion strategies within the global angio suites market.
High costs associated with the installation of angio suites is restraining the growth of global angio suites market. In countries where medical infrastructure is not developed, especially those in the Middle East & Africa, the lack of skilled professionals and standard usage guidelines is significantly impacting the market growth. However, various government are spending heavily on developing healthcare sector in their countries, which is anticipated to address the concerns, thus favoring the growth of global angio suites market. For instance, in August 2019, due to high costs, U.S. Food and Drug Administration (FDA) decided to replace pressure wires and adenosine with image-based fractional flow reserve (FFR). FDA cleared three new angiography imaging-based FFR assessments for use in catheterization laboratory.
In March 2021, according to the data presented at the virtual International Stroke Conference, it was concluded that the direct transfer to angiography suite workflow could increase the number of patients who received endovascular treatment. Compared with a direct to CT suite workflow, it could also reduce door-to-groin and onset-to-reperfusion times. The medical treatments where angio suite plays an important role are becoming more advanced and more efficient, which is estimated to propel the growth of global angio suite market over the forecast period.
For diagnosis and treatment of China-originated coronavirus, many countries are planning to align coronary CT angiography protocols with current acquisition guidance so that accurate diagnosis and optimal image quality can be ensured. The use of telemedicine is also increasing for COVID-19 diagnosis. Hence, the market for COVID-19 treatment methods and accessories has huge opportunities for the growth of global angio suites market. In October 2020, a journal of the American Stroke Association, published a report highlighting that the lung scans for stroke patients could provide detection of COVID-19 at an earlier stage. Report elaborated this theory, stating that during acute ischemic stroke (AIS), evaluation of the lung apices using computed tomography (CT) angiography of the head and neck could provide the first objective opportunity to screen for coronavirus.
The rise in implementation of artificial intelligence (AI) and analytics in diagnostic imaging and growing adoption of teleradiology showcase significant growth opportunities for global angio suites market over the period of next eight years. In the field of teleradiology, AI is one of the most promising breakthroughs. Across all the major imaging modalities, the adoption of AI is higher in CT and magnetic resonance imaging (MRI) systems. Based on applications, AI is heavily used in neuroradiology. In July 2020, Lunit expanded collaboration with GE Healthcare to advance AI adoption. Two companies are working together to develop AI algorithms from Lunit INSIGHT Chest radiograph (CXR) that are available through GE Healthcare’s Thoracic Care Suite. This would help the whole medical sector to alleviate clinical strain among radiologists and improve patient outcomes.
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Global Angio Suites Market:
- Single Plane System
- Biplane System
By Procedure Type
- Interventional Radiology and Oncology
- Interventional Cardiology
- Hybrid Surgery
- Neuro Intervention
By End Users
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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