The medical imaging procedure known as cerebral angiography makes the blood vessels in the brain visible by utilising contrast agents and X-ray technology. It is done in order to identify and assess a number of cerebrovascular conditions, including as aneurysms, arteriovenous malformations (AVMs), and blood vessel obstructions. A catheter will be placed into the blood vessels during the procedure to administer a contrast dye. This dye will help highlight the blood vessels on the resulting X-ray images. An imaging procedure called cerebral angiography looks at the structure and operation of the blood vessels in the brain. The diagnosis and planning of treatment for cerebrovascular disorders can both benefit from this information.
The global cerebral angiography market has witnessed significant growth, with a value of US$ 14.96 billion in 2023. It is projected to expand at a CAGR of 6.1% from 2023 to 2030, reaching US$ 22.64 billion.
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Market Dynamics:
The main drivers of the cerebral angiogram market’s growth are the rising prevalence of cerebrovascular diseases, advances in imaging technology, ageing populations, demand for minimally invasive procedures, technological investments and research, favourable reimbursement policies, and expanding healthcare infrastructure.
The market for cerebral angiography is expected to experience slow growth over the forecast period due to factors such as high procedure costs, potential risks and complications, the availability of alternative imaging modalities, a lack of awareness and education, the need for specialised knowledge, and regulatory and reimbursement issues.
Cerebral Angiography Market Drivers:
- Increasing prevalence of cerebrovascular diseases: The rising incidence of cerebrovascular diseases, such as strokes, aneurysms, and arteriovenous malformations (AVMs), is a significant driver for the cerebral angiography market. As these conditions require accurate diagnosis and treatment, cerebral angiography plays a crucial role in visualizing and evaluating blood vessels in the brain.
- Advancements in imaging technology: Technological advancements in cerebral angiography techniques have improved the accuracy, safety, and efficiency of the procedure. The development of digital subtraction angiography (DSA), 3D rotational angiography, and flat-panel detector technology has enhanced image quality and reduced radiation exposure for patients, driving the demand for cerebral angiography.
- Growing geriatric population: The aging population is prone to various neurological disorders and vascular conditions, leading to an increased demand for cerebral angiography. With the elderly population expected to grow in the coming years, the market is likely to experience a positive impact due to the higher prevalence of cerebrovascular diseases in this demographic.
- Increasing awareness and healthcare infrastructure: Growing awareness among patients and healthcare professionals about the benefits of early detection and intervention for cerebrovascular diseases has increased the demand for cerebral angiography. Additionally, the expansion of healthcare infrastructure, especially in emerging economies, has improved access to advanced medical technologies, including cerebral angiography systems.
Cerebral Angiography Market Opportunities:
- Technological advancements: Continuous advancements in imaging technology, such as improvements in image resolution, faster acquisition times, and the development of hybrid imaging systems, offer significant opportunities for the cerebral angiography market. Emerging technologies like artificial intelligence (AI) and machine learning (ML) can assist in automated image analysis and interpretation, enhancing the efficiency and accuracy of cerebral angiography procedures.
- Expansion in emerging markets: There is a growing demand for advanced medical imaging technologies, including cerebral angiography, in emerging markets. Rapidly developing healthcare infrastructure, increasing healthcare expenditure, and a rising middle-class population with higher disposable income contribute to the market’s potential in countries such as China, India, Brazil, and others. Manufacturers and service providers can capitalize on these opportunities by expanding their presence and establishing partnerships in these regions.
- Integration with other medical specialties: Cerebral angiography can benefit from integration with other medical specialties, such as neurosurgery, interventional radiology, and cardiology. Collaborative approaches and interdisciplinary practices can lead to improved patient outcomes and better utilization of cerebral angiography techniques. Opportunities exist for cross-specialty training, knowledge sharing, and collaborative research to enhance the application and effectiveness of cerebral angiography.
- Rising demand for outpatient and ambulatory care: The shift towards outpatient and ambulatory care settings presents opportunities for the cerebral angiography market. Minimally invasive procedures, shorter recovery times, and advancements in imaging technology allow for performing cerebral angiography in outpatient settings. This trend offers convenience to patients, reduces healthcare costs, and opens avenues for the market to expand into outpatient clinics and ambulatory surgical centers.
Cerebral Angiography Market Regional Insights
Because of the developed healthcare infrastructure, established reimbursement practises, and widespread use of cutting-edge medical technologies, North America has historically held a sizable portion of the global market for cerebral angiography. Due to its strong healthcare system and continual technology improvements, the United States has been a significant contributor to the North American market. The market is expected to remain dominated by North America, taking up 45% of the market in 2023. The high frequency of stroke, rising investments in the creation of cerebral angiography technology, and the presence of numerous important businesses are all contributing factors to the region’s growth.
Europe is a significant market for cerebral angiography, with significant increase being seen in nations including Germany, the United Kingdom, France, and Italy. The area gains from a strong healthcare system, a growing elderly population, and an increase in the prevalence of cerebrovascular disorders. In 2023, Europe is anticipated to have a 30% market share, making it the second-largest market. The demand for minimally invasive procedures is on the rise, government efforts are expanding, and there are many major players present in Europe, which are the main drivers of market expansion.
Acquisition and partnerships
- Siemens Healthineers and Corindus: In 2019, Siemens Healthineers completed the acquisition of Corindus Vascular Robotics, a company specializing in robotic-assisted vascular interventions. This acquisition aimed to combine Siemens Healthineers’ angiography systems with Corindus’ robotic technology for enhanced precision and automation in cerebral angiography procedures.
- Canon Medical Systems and Olea Medical: In 2019, Canon Medical Systems announced a strategic partnership with Olea Medical, a leading provider of advanced imaging software solutions. The partnership aimed to integrate Olea Medical’s advanced post-processing software with Canon Medical’s angiography systems, enabling advanced analysis and visualization of cerebral angiography images.
- Philips and IGT Solutions: In 2018, Philips partnered with IGT Solutions, an Indian-based software development company specializing in healthcare imaging and visualization solutions. The collaboration aimed to develop and enhance image-guided therapy solutions, including those used in cerebral angiography, by leveraging Philips’ expertise in medical imaging and IGT Solutions’ software capabilities.
Top companies in Cerebral Angiography Market :
Siemens Healthineers AG, GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems Corporation, Shimadzu Corporation, Hitachi, Ltd., Carestream Health, Inc., Medtronic plc, Stryker Corporation, Terumo Corporation, Boston Scientific Corporation, AngioDynamics, Inc., Penumbra, Inc., MicroPort Scientific Corporation, Cook Medical LLC.
𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐔𝐩 𝐓𝐨 𝟐𝟓% 𝐎𝐅𝐅 @ https://www.coherentmarketinsights.com/insight/buy-now/5922
| The market size value in 2023 |
Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Executive Summary
Market Overview
- Definition of Cerebral Angiography Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Cerebral Angiography Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusion
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continued…!
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