Global Interventional Radiology Market Competitive Strategies and Worldwide Demand with Top players - Koninklijke Philips N.V., GENERAL ELECTRIC, CANON MEDICAL SYSTEMS CORPORATION, Siemens Healthcare Private Limited, Hitachi Medical Corporation

Global Interventional Radiology Market is expected to reach USD 55.5% billion by 2025, from USD 16.99 billion in 2017 growing at a CAGR of 5.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for the historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Market Definition: Global Interventional Radiology Market

Interventional radiology is also known as vascular radiology. It is providing minimally invasive image guided diagnosis and treatment of disease. It includes fluoroscopy, ultrasound, computed tomography [CT] or magnetic resonance imaging [MRI]). Interventional radiology has the number of advantage include risk, pain and recovery time often reduces, it is less expensive than surgery or other alternatives.

In 2017, MEDNAX acquired Jefferson Radiology. In this acquisition, MEDNAX was excited to the growth of radiology physician services. The world-class technological capability MEDNAX offer by vRad with practice management expertise and physician-centric leadership which was making a strong partnership in radiology services.

The report segments this market on the basis of product, procedure, and application. On the basis of product, the market is segmented into angiography systems, fluoroscopy systems, CT scanners, ultrasound-imaging systems, MRI systems, and other devices (C-arm, contrast media injectors, & imaging catheter guidewires). MRI system segment is expected to account for the largest share of the market in 2016. Technological advancements and product launches are the factors that drive this market.
According to the Statista in 2016 approximately USD 5.6 billion market value of MRI in U.S.

Key Developments in the Market:

• In 2018, Guerbet was completely acquired accurate medical therapeutics. By this acquisition, company enhances their presence.

• In 2015, Boston Scientific acquired CeloNova Biosciences. By this acquisition, company enhanced product portfolio in interventional radiology business.

Major Market Drivers and Restraints:

• Increasing interventional radiology application.

• Rising prevalence of cancer.

• Increasing demand for minimally invasive procedures.

• Technology advancement in interventional radiology devices.

• Less reimbursement scenario hinders the growth.

• Risk of high radiation exposure to limit the use of CT scanners.

• Shortage of helium which is the major challenge for MRI manufacturer and healthcare facilities.

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Key Benefits

• The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors.

• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global interventional radiology market from 2018 to 2025 that helps identify upcoming market opportunities.

• Competitive intelligence (of leading manufacturers and distributors) helps understand the competitive scenario across geographies.

• Recent industry trends & developments and future opportunities have also been covered.

• Extensive knowledge of key market players and their strategies has been provided.

• Geographically the world interventional radiology market has been analyzed across North America, Europe, Asia-Pacific, and MEA.

• A comprehensive analysis of various factors that drive and restrain the growth of this market has been provided.

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Market Segmentation:

The Global Interventional Radiology Market is segmented based on product, procedure, application and geographical segments.

• Based on product, the market is segmented into MRI systems, ultrasound imaging systems, CT scanners, angiography systems, fluoroscopy systems, biopsy devices, other devices.

• Based on procedure, the market is segmented into angiography, angioplasty, biopsy devices, embolization, thrombolysis, vertebroplasty, nephrostomy, other procedures.

• Based on application, the market is segmented into cardiology, urology & nephrology, oncology, gastroenterology, other applications.

• Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others

Major Market Competitors/Players:

Some of the major players operating in global interventional radiology market are Koninklijke Philips N.V., GENERAL ELECTRIC, CANON MEDICAL SYSTEMS CORPORATION, Siemens Healthcare Private Limited, Hitachi Medical Corporation, Teleflex Incorporated, Medtronic, FUJIFILM Holdings Corporation, Agfa-Gevaert Group., Carestream Health, Esaote SpA., Samsung Medison Co., Ltd, Shimadzu Corporation, Biosensors International Group, Ltd., Stryker, and Cook Group, Emergence Teleradiology LLC , Agilent Technologies, Inc , Carestream Health , Barco Electronic Systems Pvt. Ltd., Elekta AB, Nordion (Canada) Inc., PLANMED OY, Hologic Inc., SectraAB,Atlantis Wordwide, NCD Corporation,Sharedimaging, All Star X-ray, Amber, Jones X-Ray, OzarkImaging, EXCEL IMAGING, INC., AMD Technologies, Inc., ScImage, Inc, SonoSite, Inc. are among others.

Competitive Analysis:

The Global Interventional Radiology Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Interventional Radiology market for global, Europe, North America, Asia Pacific and South America.

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