ASEAN Interventional Radiology Devices Market 2022 Projections and Regional Outlook, Expected to Boost Moderately over 2027 | Boston Scientific, Abbott Laboratories, B. Braun Melsungen, and Medtronics

Astute Analytica publishes a research report on the ASEAN Interventional Radiology Devices Market. The analysis report contains in-depth data about demand, growth, opportunities, challenges, and restraints. In addition, it provides a thorough examination of the structure and possibility of global and regional industries.

The ASEAN Interventional Radiology Devices Market, analyzed by Astute Analytica was valued at US$ 53,963.2 Mn in 2021 and is estimated to reach US$ 73,228.7 Mn by 2027. The market is registering a CAGR of 5.2% over the projection period 2022-2027.

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The global market study includes information from key firms on R&D, new product launches, and product responses from global markets. The analysis includes a graphical presentation and a diagrammatic examination of the global market by region.

People and economies globally rely substantially on the healthcare business. It is one of the fastest-growing industries. There is a correlation between income levels and healthcare spending in different nations, with healthcare spending accounting for more than 10% of most industrialized countries' GDP.

Impact Analysis of COVID-19

Global COVID-19 cases have climbed above 516 million as of May 2022, and the death toll has exceeded 6.25 million. COVID-19 has disproportionately impacted specific racial and ethnic minority groups, as well as underserved and marginalized communities, highlighting the persistent challenges of health equity and health outcomes.

COVID-19 is causing a great deal of emotional, physical, and professional stress among health care personnel. The changing attitudes and behaviors of consumers, the integration of life sciences and health care, fast-growing digital health technology, new talent, and care delivery models, and clinical innovation advanced by COVID-19.

As sector players and the customers, they serve to adapt to a new world of remote working, virtual doctor visits, and a supply chain plagued by shortages of medical goods, employees, and services, the sector is reforming to become more customer-centric.

The Centers for Medicare and Medicaid Services data calculates that the U.S. national healthcare expenditure reached US$ 4.1 trillion in 2020 and is forecast to surpass US$ 6.2 trillion by 2028. According to the Commonwealth Fund, the U.S. spent nearly 17% of gross domestic product (GDP) on healthcare in 2018. Switzerland was the second-highest-ranking country, spending 12.2%. In addition, New Zealand and Australia dedicate only 9.3%.

Regional Analysis

By Type segment of the ASEAN Interventional Radiology Market is sub-segmented into:

Catheters
Stents
Inferior Vena Cava (IVC) Filters
Hemodynamic Flow Alteration Devices
Angioplasty Balloons
Thrombectomy Systems
Embolization Devices
Biopsy Needles
Accessories
Other Interventional Radiology Devices Products

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By Procedures segment of the ASEAN Interventional Radiology Market is sub-segmented into:

Angioplasty
Angiography
Embolization
Thrombolysis
Biopsy & Drainage
Vertebroplasty
Nephrostomy
Other Procedures

By Application segment of the ASEAN Interventional Radiology Market is sub-segmented into:

Cardiology
Urology & Nephrology
Oncology
Gastroenterology
Neurology
Orthopaedics
Other Applications

By Country segment of the ASEAN Interventional Radiology Market is sub-segmented into:

Singapore
Indonesia
Thailand
Malaysia
Vietnam
Philippines
Myanmar
Rest of ASEAN

Key Players Insights

The key players in the ASEAN Interventional Radiology Market are Boston Scientific, Abbott Laboratories, B. Braun Melsungen, and Medtronics, among others.

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