Geographically, global Non-invasive Coronary Imaging market is classified into regions viz. North America, Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa.
Geographically, global Non-invasive Coronary Imaging market is classified into regions viz. North America, Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. Strong infrastructure spending and significant end use awareness makes North America as one of the growth region for Non-invasive Coronary Imaging market. In addition, the growing number of patients suffering from chronic CVS condition also fuelling the growth of North America Non-invasive Coronary Imaging market. European countries hold the second largest market share due to favorable reimbursement policies for cardiac indications. Markets in Asia and Africa regions are the most lucrative from the demand perspective due to large number of patient base seeking for more reliable and affordable Coronary Imaging solution.
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Uptake of New Age Technology
Coronary artery disease (CAD) is a cause of high mortality in the United States and claims more than 500,000 lives each year. Non-invasive Coronary Imaging is used as a diagnostic and prognostic approach to assess the symptoms of patient suspected with coronary artery disease. Non-invasive Coronary Imaging is mainly performed on patients with myocardial infarction, coronary artery disease, or acute coronary syndromes with/without angina.
Technologies with high efficacy in terms of disease diagnosis such as Radionuclide cardiac imaging; echocardiography; and, cardiac computed tomography and cardiac magnetic resonance imaging enhances the quality of Non-invasive Coronary Imaging. The integration of these technologies through various software solutions have enabled the physicians to remotely monitor the disease progression. The advancement in imaging sharing & analyzing through these platforms also decreases the associated cost of care. This has resulted in decreased disease burdens on countries with high prevalence of cardiac arrest/other CVS indications.
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Rising Prevalence Chronic Coronary Disorders to Boost Market Development
The growing number of incidences of fatal cardiac injuries and potential risk of cardiovascular events have created a need for commercializing the non-invasive coronary imaging solutions. The reduction in price associated with infrastructure building and growing number of grants from government to establish advance imaging technologies are fueling the adoption of Non-invasive Coronary Imaging systems.
The ability to provide precise and more accurate mapping of cardiac structure and function enabled the adoption of non-invasive coronary imaging systems during intraoperative cardiac sessions. The Non-invasive Coronary Imaging market also witness a shift in terms of technology adoption to high resolution CT/MRI imaging which has also reduced the turnaround time. The reduction in turnaround time led to increased number of tests conducted by each physician/surgeon. The increased number of tests conducted by end users also boost the ROI of capital intense Non-invasive Coronary Imaging technologies.
However, the high cost of infrastructure associated with Non-invasive Coronary Imaging solutions is still a concern for resource poor countries. Moreover, the auxiliary cost of Non-invasive Coronary Imaging systems such as annual maintenance cost. Consumables cost is expected to reduce the adoption of Non-invasive Coronary Imaging. Limited awareness of end user for novel technologies is one of the major factors hindering the growth of Non-invasive Coronary Imaging market especially in Asia & Africa region.
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