Interventional Radiology Market Size, Share, Impressive Industry Growth, Analysis Report 2028

The global interventional radiology market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. The market growth is mainly attributed to the increasing prevalence of chronic diseases across the globe. The rising prevalence of cancer, blood vessel diseases, and others has been a huge concern, globally, often resulting in fatalities. According to World Health Organization (WHO), in 2020, more than 18 million active cancer patients were reported, across the globe, causing nearly 9.6 million fatalities. Lung cancer was the most prevalent cause of fatality that year. Moreover, the rise in uterine fibroids cases among women is also estimated to raise the demand for interventional radiology during the forecast years. In addition to this, an increase in the geriatric population, rising awareness about early and preventive diagnosis, and the introduction of novel radiological technologies are expected to fuel the growth of the market.

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Government initiatives and policies and FDA approvals to cure chronic diseases have also led to the growth of the interventional radiology market. For instance, In June 2019, FDA announced its plan to launch a collaborative Initiative to reduce unnecessary radiation exposure from medical imaging, with a focus on the types of imaging procedures that are associated with the highest radiation doses such as CT, fluoroscopy, and nuclear medicine. 

Market Coverage

The market numbers are available for - 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered-

o             By Product

o             By Application

o             By Procedure

Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

Competitive Landscape- Siemens Healthcare, Medtronic plc, GE Healthcare, Koninklijke Philips N.V., Agfa-Gevaert Group

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?

o             Deviation from the pre-COVID-19 forecast

o             Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Interventional Radiology Market Report Segment

By Product

Angiography Systems
CT scan
Fluoroscopy Systems
MRI Systems
Ultrasound Imaging Systems
Others (Imaging Catheter Guidewires, C-ARM)

By Application

Cardiology
Oncology
Urology & Nephrology
Gastroenterology
Others (Orthopedics, Gynecology)

By Procedure

Angiography
Angioplasty
Biopsy and Drainage
Embolization
Thrombolysis
Vertebroplasty
Nephrostomy
Other Procedure (Fallopian Tube Recanalization, Cholecystectomy)

A full report of Interventional Radiology Market is available at: https://www.omrglobal.com/industry-reports/interventional-radiology-market

Interventional Radiology Market- Segment by Region

North America          

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific   

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Agfa-Gevaert Group
Analogic Corp.
Carestream Health, Inc.
Esaote S.p.A.
Fujifilm Holdings Corp.
GE Healthcare
Hitachi Medical Corp.
Hologic, Inc.
Koninklijke Philips N.V.
Medtronic PLC.
Samsung Medison
Siemens AG
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Shantou Institute of Ultrasonic Instruments Co., Ltd.

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