Absolute Markets Insights (AMI) reports a strong growth forecast for the global angio suites market during the forecast period (2021 – 2029). In its newly released report, AMI anticipates that the market will grow at 5.9% as growing geriatric population along with technological advancements is rapidly leading the market towards growth. AMI reports that the market stood at a valuation of US$ 1412.90 Mn in 2020.
The term “angio suites” has been derived from the term “angiogram” that is defined as a number of diagnostic tests that doctors can conduct on patients in order to identify blocked or narrow blood vessels of the latter. The most common procedure here is coronary angiography, which due to its minimally invasive nature, uses contrast material and x-rays so that the doctor can study the condition of patient and observe the blood flow through the arteries in the patient's heart. In 2015, the World Health Organization (WHO) reported that over 17.7 million people died from cardiovascular diseases. In the same year, these figures represented 31% of all global deaths.
Rising prevalence of cardiovascular diseases is prominently driving the growth of global angio suites market. Each year, cardiovascular diseases kill many people all over the world. It has been reported that 29% of the total deaths around the world are due to cardiovascular diseases. According to the estimates from American Heart Association, 40.5% population of the United States of America (USA) is expected to suffer from some form of cardiovascular disease by 2030. The trend thus indicate significant growth opportunities for global angio suites market over the future years. Other important factors contributing to the growth include increasing investments towards research & development (R&D), increasing numbers of coronary angiography procedures, increasing number of patients suffering from diabetes & obesity, and consequent product launches by different prominent market players. As the medical treatments involving angio suites are minimally invasive, they are being increasingly preferred by several patients.
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In May 2021, Philips introduced the new Spectral CT 7500 as workhorse computed tomography (CT) scanner that could collect and present spectral data on every scan. This scanning system obtained regulatory clearance in Europe and from the U.S. FDA. Using an intelligent software to deliver high quality spectral images on every scan, it presents the results in short time without the need for any special protocols. With this new product, Philips intends to improve disease characterization, and reduce the need for rescans and follow-ups.
The China-Originated coronavirus has disrupted traditional cardiovascular care pathways. Hence, the global medical sector is facing various challenges, which is opening the opportunities for experiments with many testing strategies to ensure that more patient-centered treatment methods are not just available, but they also align with infection protection protocols appropriately. Although coronary CT angiography requires less patient contact than internal carotid angiogram (ICA), it does carry its own risks and constraints. For safe care, in many countries, arrangements are being made for beta blockade to be initiated prior to arrival in the hospital for outpatients. For stable inpatients, it is being initiated prior to patient transfer to the CT department. Demand is high for CT scanner to be designated for use of examining patients with potential or confirmed COVID-19 infection.
Rapid technological advancements in diagnostic imaging techniques are anticipated to offer many lucrative growth opportunities for the diagnostic imaging branch of the global angio suites market in the forecast period. Such advancements include hybrid imaging technology, imaging systems with lowered doses of ionizing radiation, cryogen-free preclinical MRI scanners, contrast agents in diagnostic imaging, and automated CT scanners. The use of hybrid positron emission tomography (PET)/CT systems has been in vogue for years. The market is growing for hybrid PET/magnetic resonance imaging (MRI) and single-photon emission computerized tomography (SPECT)/CT. Due to lowered doses of ionizing radiation, the use of new imaging systems has reduced the harmful effects of radiation on patients as well as technicians. Due to increasing number of patients with chronic diseases, there has been significant increase in the demand for diagnostic imaging procedures. The development of cryogen-free preclinical MRI scanners is a good replacement for helium gas supplies that are depleting across the globe. Automated CT scanners are helping to speed up many medical procedures.
In June 2021, Philips presented the new Philips Digital Pathology scanner and new imaging-informatics solutions for pathology laboratories at Arab Health 2021 event. The new scanner and solutions can easily enable remote reviewing of pathological cases. This reviewing can save time and prevent delay in critical patient diagnosis and care.
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Interventional Cardiology was the Most Popular Medical Procedure in the Global Angio Suites Market in 2020
According to Absolute Market Insights report, interventional cardiology segment is expected to expand and retain and substantial share in the global angio suites market. Interventional cardiology is helpful in not only complex bifurcation stenting and heart valve implants, but also in advanced medical procedures that are becoming accepted standards. This medical procedure can extend the clinical capabilities of doctors performing procedure and also reduce complexity for advanced procedures. The other major benefits that are expected to keep the market growth strong during the forecast period include personalized & standardized workflows, wide patient coverage, and ease of multimodality data integration as well as visualization. In April 2021, FDA approved the use of acutus medical AcQCross Suite of transseptal crossing devices that can be used for electrophysiology as well as structural heart procedures, such as interventional cardiology. These devices can pair and mate seamlessly not only with Acutus’ own suite of sheaths, but also with sheaths sold by other manufacturers.
Hospitals are Estimated to be the Fastest Growing End User during the Forecast Period (2021 – 2029)
The clinics was the largest category in the global angio suites market in 2020. During the forecast period 2021 – 2029, hospital segment is estimated to be the fastest growing segment due to the large number of patient pool around the world that need to be diagnosed and treated at hospitals. Other factors that contribute to the segment’s growth include the high purchasing capacity of hospitals for advanced technologies, growing awareness on timely disease diagnosis, and increasing number of diagnostic angiographic procedures as well as therapeutic angiographic procedures. In hospitals, both diagnosis and treatment are available.
In one of the instances, in order to expand operations related to angio suites, White River Health System announced new addition to their team in August 2021. Interventional Cardiologist Mahesh Anantha, MD, FACC has joined the White River Medical Center (WRMC) Cardiology team at White River Health System. With Dr. Anantha, White River Health System are planning to expand the facilities and operations regarding treatment for patients suffering from leg pain and ulcers. By performing catheter-based procedures and placing stents, WRMC is also planning to offer efficient treatments to patients who are at risk of losing limbs due to poor blood flow.
Advanced Medical Infrastructure kept the market strong in the North America Region in 2020
The increasing prevalence of cardiovascular diseases was a leading cause of for the necessity of angio suites in 2020. According to the data from American Heart Association, in 2017, about 92.1 million American population lived with some form of cardiovascular disease or the after-effects of stroke. According to the estimates from Population Reference Bureau, the number of Americans aged over 65 has been projected to be over 98 million by 2060.
AMI reports that the global angio suites market in North America was the largest regional market in 2020 due to presence of key market players, availability of advanced medical infrastructure, and high demand for angiography devices. Other factors contributing to the market growth in this region include increasing geriatric population, increasing investment in R&D in medical sector, growing awareness about benefits of early diagnosis, and availability of advanced methods for the treatment of heart disorder. In February 2017, Medtronic received approval from United States Food & Drugs Administration (FDA) for its DxTerity diagnostic angiography catheter line.
Some key players in the global angio suites market are 3D Systems Inc., Canon Medical Systems Corporation, GE Healthcare, Guerbet, Phillips Healthcare, Shimadzu Corporation, Siemens Healthcare, and Zeiss Group, amongst others.
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Global Angio Suites Market:
- By Offering
- Systems
- Single Plane System
- Biplane System
- Services
- Systems
- By Procedure Type
- Interventional Radiology and Oncology
- Interventional Cardiology
- Hybrid Surgery
- Neuro Intervention
- Electrophysiology
- Others
- By End Users
- Hospitals
- Clinics
- Others
- By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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