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Latin America Interventional Oncology Market Research Report 2025 | Key Players Profiled in this market report are: Boston Scientific Corporation, Medtronic plc, Terumo Corporation, BTG plc, AngioDynamics, Inc., Ethicon, Inc., Johnson & Johnson, Merit Med
Latin America Interventional oncology market
Latin America interventional oncology market was valued at USD 135.4 million in 2018 and is predicted to grow at a CAGR of around 8.16% over the next few years to reach USD 232.6 million by the end of 2025.
The interventional oncology procedure is performed more frequently with other treatments for cancer such as surgery, chemotherapy and radiation therapy. These procedures offer several benefits, such as faster recovery, shorter hospital stays, minimal side effects, and more accurate and precise treatment compared to other therapeutic procedures.
Browse details of 140 number of pages research report developed on Latin America Interventional Oncology Market Research Report @ https://www.researchcosmos.com/reports/latin-america-interventional-oncology-market/76287816
Latin America Interventional oncology market Drivers and Restraints:
The market for interventional oncology in Latin America is growing mainly due to the high prevalence and the increase in cancer incidence rates throughout the region. Cancer is one of the leading causes of death after cardiovascular diseases. According to the World Health Organization (WHO), cancer is responsible for 8.3 million deaths each year and it is expected that 70% of new cases of cancer will be reported in the next 20 years. It is expected that the growing cancer population will be one of the main drivers of the market. In addition, it is estimated that the benefits of minimally invasive surgical procedures, technological advances in interventional oncology, increased public funds allocated to oncological procedures, etc., will stimulate the demand within this regional market.
The embolization procedure is the most recommended worldwide due to the benefits associated with the procedure, followed by the ablation procedure. Radiotherapy is a technique widely used in interventional oncology. The embolization segment is expected to be a significant market share by the end of 2025 and is expected to grow during the forecast period.
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Geographical Insights of Latin America Interventional oncology market:
Latin America is expected to be an important part of the global interventional oncology market due to a large population with chronic cancers such as hepatocellular carcinoma, lung cancer, kidney cancer and metastatic colorectal cancer. In addition, the significant adoption of minimally invasive surgeries for the effective management of cancer, the establishment of well-established medical care infrastructures and the early adoption of state-of-the-art interventional oncology products, also support this market. It is further expected that the increase in investment of the leading interventional oncology device companies in this region will contribute to the growth of the market during the foreseen period.
Key players operating in the Latin America Interventional oncology market include Boston Scientific Corporation, Medtronic plc, Terumo Corporation, BTG plc, AngioDynamics, Inc., Ethicon, Inc., Johnson & Johnson, Merit Medical Systems, Inc., Sirtex Medical Limited, Siemens Healthineers, Eckert & Ziegler BEBIG, Varian Medical Systems, Inc., and HealthTronics, Inc.
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