A latest study released by Advance Market Analytics on global Cerebral Angiography Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Cerebral Angiography market. The study provides historical data (i.e. Volume** & Value) from 2014 to 2018 and forecasted till 2026*.
Cerebral Angiography also called intra-arterial digital subtraction angiography is used to detect abnormalities like Arteriovenous, Malformations and aneurysms from the images of blood vessels around the brain. These abnormalities may lead to bleeding in the brain or a stroke. To perform this test, a contrast medium is injected into the blood and the catheter is inserted into the artery which helps the x-ray to create a clearer picture. This procedure takes usually from one to three hours.
Some are the key & emerging players that are part of coverage and have being profiled are GE Healthcare (United States), Siemens Healthineers (Germany), Samsung Medison (South Korea), St. Jude Medical Inc. (United States), Abbott Laboratories (United States), Shimadzu Corporation (Japan), Hitachi Medical Corporation (Japan), Bayer Ag (Germany), Allengers (India) and OSCOR Inc. (United States). .
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1. Steady growth, expanding margins
Some of the players have a stellar growth track record. From 2014 to 2018, the company have shown enormous sales figures, while net income more than doubled in same period with operating as well as gross margins expanding. The rise in gross margins over the year’s points to strong pricing power by the company for its products, over and above the increase in the cost of goods sold.
2. Industry growth prospects and market share
According to AMA, key business segments sales will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by By Type
- Magnetic Resonance Angiography (MRA)
- Computed Tomography Angiography (CTA)
- Conventional Angiography
- Digital Subtraction Angiography (DSA)
- Catheter angiography
- Coronary angiography
By Application
- Hospitals and Surgical Centres
- Diagnostics Centres
- Academic and Research Institutes, the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. global Cerebral Angiography market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in Asia-Pacific, where CAGR is expected to be ##% from 2019 to 2026. This forecast is good news for industry players, as there is good potential for them to continue growth alongside the industry’s projected growth.
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3. Ambitious growth plans & rising competition?
Industry players have ambitious plans to introduce a whole host of new products into various markets around the world. Some examples are variant to be introduced in eight EMEA markets in Q4 2019 and 2020.
Considering all round activities some of the players profiles that would be worth checking are GE Healthcare (United States), Siemens Healthineers (Germany), Samsung Medison (South Korea), St. Jude Medical Inc. (United States), Abbott Laboratories (United States), Shimadzu Corporation (Japan), Hitachi Medical Corporation (Japan), Bayer Ag (Germany), Allengers (India) and OSCOR Inc. (United States).
4. Where the Industry is today
Although recent year might not be that encouraging as market segments have shown modest gains, things could have been better if players would have plan ambitious move earlier. Unlike past, but with a decent valuation, investment cycle continuing to progress in the U.S., many growth opportunities ahead for the companies in 2020, it looks like a good for today but stronger returns can be expected beyond.
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