Interventional Oncology Devices Market 2021 Strategic Assessments - Boston Scientific Corporation, Medtronic PLC, Terumo Corporation

The Interventional Oncology Devices market size was US$ 165.7 million and it is expected to reach US$ 370.9 million by the end of 2025, with a CAGR of 12.2%

MarketInsightsReports published a new research publication on “Interventional Oncology Devices” Market Insights, to 2025 and enriched with self-explained data in presentable format. In the Interventional Oncology Devices market study you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting Interventional Oncology Devices market associated stakeholders. The growth of the market was mainly driven by the increasing spending across the world.

Some Of The Key Players Profiled In The Study Are-

Boston Scientific Corporation, Medtronic PLC, Terumo Corporation, Merit Medical Systems Inc., CR Bard Inc., Profound Medical Corp., AngioDynamics Inc., Cook Medical LLC, HealthTronics Inc.

 Sample Report + All Related Information-
https://www.marketinsightsreports.com/reports/10192354799/interventional-oncology-devices-market-growth-trends-and-forecasts-2020-2025/inquiry?Source=OpenPR&Mode=Allie

The major factors accounting for the growth of the s market include the increase in the incidence rate of cancer worldwide, high preference for the minimally invasive procedures, augmented fundings from the government in developed countries, and the favorable reimbursement scenario for interventional oncology treatment. According to WHO report, cancer is the second leading cause of death globally with 18.1 million new cases and an estimated 9.6 million deaths in 2018. According to the American Cancer Society, in 2020, 1,806,590 new cancer cases and 606,520 cancer deaths are projected to occur in the United States alone. Therefore, an increase in the incidence rate of cancer around the world drives the growth of interventional oncology devices market during the forecast period. However, the stringent regulations in the usage of medical devices may hamper the growth of the market to some extent.

Industry News And Updates on Interventional Oncology Devices Market-

North America Dominates the Market and the Same is Expected Over the Forecast Period.

North America is expected to dominate the overall market during the forecast period. The factors, such as advancements in technology and affordability to minimally invasive procedures for the effective management of cancer in the developed countries, are responsible for the growth of the market. According to the National Cancer Institute, the US Department of Health and Human Services, one in 16 people in the United States will be diagnosed with lung cancer in their lifetime. More than 228,000 people in the United State are diagnosed with lung cancer in 2018, with a new diagnosis every 2.3 minutes. this factor leads to the growth of the interventional oncology devices market in North America.

Key Market Trends Interventional On Oncology Devices Market-

Lung Cancer Dominates the Market Followed by Breast Cancer and the Trend is Expected to be Same During the Forecast Period.

According to the WHO, lung cancer constitutes the major proportion of total cancer cases in the world accounting for 2.09 million cases. As the world population is increasing continuously, the incidence rate of cancer is also expected to grow. This factor is expected to drive the growth of the market during the forecast period.

Market Segmentation On Interventional Oncology Devices-

Scope of the Report of Interventional Oncology DevicesMarket Trend-

Increasing Demand for Interventional Oncology Devices as well as new opportunities in Emerging Countries.

Market Drivers-

The Interventional Oncology Devices is Considered a source to drive more growth resulting in high demand among consumers. 

Challenges-

Finding that challenges assumptions for the consumers to opt or not for Interventional Oncology Devices.

Opportunities-

Increasing Demand in the Industry for Interventional Oncology Devices by the Consumers is Providing an Opportunity for this market.

Region Included In Interventional Oncology Devices Market are-

North America

Europe

Asia-Pacific

South America

Middle East & Africa

Browse Detailed Research Insights with Table of Content-

https://www.marketinsightsreports.com/reports/10192354799/interventional-oncology-devices-market-growth-trends-and-forecasts-2020-2025?Source=OpenPR&Mode=Allie

TOC Continued…!

Competitive Landscape On Interventional Oncology Devices Market-

Key Players to Forge Alliances to Create Sustainable Solutions

In a bid to speed up the research & development and production of sustainable Interventional Oncology Devices market solutions, major market players are building alliances with other industry leaders to widen the scope of their businesses. The focus of these collaborations is to formulate the growth that will make the Interventional Oncology Devices industry more profound, which in turn will future-proof these companies’ offerings.

Qualitative Insights on Impact of COVID-19 on Global Interventional Oncology Devices Market
Supply Chain Analysis & Challenges due to Covid-19
Steps taken by Government / Companies to Overcome this Impact
Potential Challenges and Opportunities due to COVID-19 Outbreak

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This release was published on openPR.