Increasing Adoption of Minimally-Invasive Medical Procedures For Cardiac Disease Treatments, Growing R&D Investments By Government Organizations For The Development of Cerebral Angiography Devices, And Various Public Awareness Campaigns By Industry Players About Advanced Angiography Techniques Are Factors Boosting Market Revenue
South Korea, Seoul, Sept. 13, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global sales of cerebral angiography is anticipated to reach a valuation of US$ 70 million by the end of 2027.
A catheter, X-ray imaging assistance, and a contrast agent are all used in cerebral angiography to look for abnormalities, including aneurysms and diseases such as atherosclerosis in the brain’s blood arteries (plaque). The insertion of a catheter makes it possible to integrate diagnosis and therapy in a single process. Surgery can be avoided using cerebral angiography, which creates extremely clear, detailed, and accurate images of the blood veins in the brain.
A minimally-invasive medical procedure called angiography creates images of the brain’s blood arteries using X-rays and contrast material containing iodine.
Intra-arterial digital subtraction angiography is another term for cerebral angiography.
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As vital diseases, including CVD, cancer, and neurological diseases become increasingly common, government organizations and healthcare companies around the globe are concentrating on improving their healthcare infrastructure as well as research and development for better diagnosis and treatment. These factors are driving the demand for cerebral angiography devices.
Growing cerebral angiography demand in hospitals is attributed to the availability of skilled and experienced medical professionals, employment of detecting technology in radiology departments to identify blood vessel damage brought on by trauma or injury, diagnose cardiovascular illnesses, including artery narrowing & detect aneurysms, and advancements in diagnostic technology.
Rapid Product Approval Processes and Increasing Angiography Device Usage in the US
The market in the US is expanding due to the widespread use of minimally-invasive treatments, the availability of reimbursements, rising adoption of cerebral thrombectomy devices, the growing elderly population, a strong network of medical device manufacturers, and the rising number of hospitals with lucrative funding prospects. Cardiovascular disease treatment with 3D printing is becoming more popular, and it may also be used to prevent disease in the future. Using heart valves that are 3D manufactured from living tissue, aortic valve failure can be addressed without the use of prosthetic valves. The market for cerebral angiography is being driven by healthcare industry innovation and investments.
The US market is expanding due to rapid product approval processes and increasing angiography device usage as a result of the high volume of angiography screening procedures being conducted.
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Key Takeaways from Market Study
Sales of cerebral angiography devices are expected to rise rapidly at a CAGR of 8.8% through 2027.
The global cerebral angiography market is currently valued at US$ 46 million.
Market in Japan is anticipated to expand at a CAGR of 5% over the forecast period.
Market in Canada is set to progress at a CAGR of 8% through 2027.
Segmentation of Cerebral Angiography Industry Research
By Technology :
By End User:
By Region :
Middle East & Africa
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Key companies are concentrating on product updates and new product development. Market players are seeking to develop cutting-edge, patient-focused products. By including a wide range of products in their portfolios, top industry players are concentrating on bolstering their positions in the market.
Key providers of cerebral angiography devices have been seen collaborating to maintain their market position as well as establish their geographic presence through effective distribution networks.
More Valuable Insights where Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global cerebral angiography market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2027.
The study discloses essential insights on the market on the basis of technology (magnetic resonance angiography, computed tomography, ultrasound, nuclear imaging, X-ray) and end user (hospitals, diagnostic imaging centers, others), across five major regions (North America , Europe, Asia Pacific, Latin America, and MEA).
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