Global angiography devices market is expected to show significant growth over the forecast period majorly due to sophisticated healthcare infrastructure and technological advancement. Increasing demand for innovative technology such as MRA & CT, digital flat panel detectors devices are expected to drive the angiography device market over the forecast period. Additionally, growing geriatric population, prevalence of cardiovascular diseases, shifting of preferences from conventional X-ray angiography towards magnetic resonance imaging and awareness about the benefits associated with early diagnosis and treatment are the important factors contributing to the growth of this market.
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This shifting of preference is observed primarily due to the benefits attached such as reduced risk of radiation exposure facilitated due to non invasive methods using radio waves and magnetic field, is expected to boost the market demand for angiography devices. Moreover, rising investments by medical imaging device manufacturers, availability of technologically advanced products with efficient results and supportive government policies are expected to further propel the growth of angiography device market. Technological innovations such as three dimensional digital angiography, enhanced cardiac CT angiography (CTA) is alternative to invasive coronary angiography used for evaluating coronary artery anomalies and coronary artery disease thereby promoting angiography devices usage.
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Angiography device market is segmented on the basis of technology, product, application, procedure, indication and end user. Technology market segmentation is further segmented in to computed tomography (CT), magnetic resonance angiography (MRA) and X-ray angiography (image intensifier and flat panel detector). X-ray detectors was the largest market in 2014, due to wide applicability in various segments such as dental, medical, security, veterinary and industrial. MRA & CT market technologies are expected to grow over the forecast period due to shifting preferences from X-ray angiography. Product segmentation includes angiography systems, guide wires, catheters, balloons, vascular closure devices, contrast media and accessories.
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