Digital Subtraction Angiography Market is expected to Show a Healthy Growth in the near Future Primarily Due to Technological Advancements19 Apr 2016
A new research study by Transparency Market Research on the global subtraction angiography market states that the technical advancements in digital subtraction angiography and the introduction of new products are the key factors driving the market’s growth. In addition to this, the increasing demand for accurate diagnosis in the global arena is likely to boost the worldwide market for digital subtraction angiography in the coming years.
The research report is titled “Digital Subtraction Angiography Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to it, the global digital subtraction angiography market has been witnessing a remarkable increase in the last few years. The rising incidence of cardiovascular diseases such as atrial fibrillation, propelled by the rise in the global geriatric population, has stimulated this market significantly in recent times.
In this research report, the global market for digital subtraction angiography has been studied on the basis of the type of the procedure, end user, and the regional spread of this market. On the basis of the type of the procedure, the market has been classified into intra-arterial digital subtraction angiography and intravenous digital subtraction angiography. Based on the end user, the market has been categorized into hospitals, diagnostic centers, and academic research laboratories.
On a regional basis, the research report segments the worldwide digital subtraction angiography market into Asia Pacific, North America, Europe, and the Rest of the World. North America, among these, acquired the leading position in 2015 and was closely followed by Europe. However, both these regional markets are likely to witness saturation, which is expected to slow down the growth rate of these markets during the forecast period.
On the other hand, Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period. The increasing incidence of cardiovascular disorders in this region is projected to propel the Asia Pacific digital subtraction angiography market, states the research study.
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The report further states that China and India are likely to emerge as the leading national markets for digital subtraction angiography in Asia Pacific, while Brazil is expected to take the lead in the Rest of the World market. The increase in the disposable income and the presence of a large patient pool are anticipated to drive these domestic markets considerably over the next few years.
St. Jude Medical, Boston Scientific Corp., Toshiba Corp., Siemens AG, GE Healthcare, Philips Healthcare, Medtronic Inc., Abbott Vascular, St. Shimadzu Corp., and Cordis Corp. are the major participants in the worldwide digital subtraction angiography market profiled in this research study.