Interventional Radiology Market Insights, SWOT Analysis, Key Drivers and Restraints 2022 - 2030 | AngioDynamics, Cook,  Hologic, Inc., Medtronic, Profound Medical

Interventional radiology (IR) is a medical specialty that involves the use of imaging guidance to perform minimally invasive procedures. These procedures are used to diagnose and treat various medical conditions without the need for traditional surgery. IR procedures are performed by interventional radiologists, who use advanced imaging techniques, such as X-ray, ultrasound, and MRI, to guide the insertion of small instruments and tools through tiny incisions in the skin.

In terms of revenue, the global interventional radiology market was valued at US$ 23,548.94 Mn in 2021 growing at a CAGR of 7.98% over the forecast period (2022 - 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

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One of the major drivers of the interventional radiology market is the increasing prevalence of chronic diseases. Chronic diseases, such as cancer, cardiovascular diseases, and kidney diseases, are becoming increasingly common around the world. Interventional radiology procedures, such as embolization and ablation, can be used to treat these diseases, and they are becoming more popular as patients seek less invasive treatment options. Another driver of the interventional radiology market is the growing geriatric population. As the world's population ages, the demand for healthcare services is increasing. Older patients are more likely to suffer from chronic diseases and are more likely to require interventional radiology procedures. In addition, advances in imaging technologies have made interventional radiology procedures safer and more effective for older patients.

However, there are also some restraints that could hinder the growth of the interventional radiology market. One of the main challenges facing this market is the high cost of interventional radiology procedures. These procedures are often more expensive than traditional surgery, which can make them inaccessible to many patients, especially in developing countries. Another challenge is the shortage of skilled interventional radiologists. These professionals require extensive training and expertise to perform complex procedures, and there is a shortage of qualified interventional radiologists in many parts of the world. This shortage can limit the availability of interventional radiology services and can also increase the cost of these procedures in some regions.

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Key Players Influencing the Interventional Radiology Market:

Agfa-Gevaert Group, AngioDynamics, Becton, Dickinson and Company, Boston Scientific Corporation, Canon Medical Systems, USA, Cook, FUJIFILM Healthcare Americas Corporation, General Electric Company, Hologic, Inc., Koninklijke Philips N.V., Medtronic, Merit Medical Systems, NIPRO, Profound Medical, Shimadzu Corporation, Siemens Healthcare GmbH, Terumo Medical Corporation, Other Market Participants

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Study Objectives of this Report:
Detailed overview of market.
Changing market dynamics of the industry.
In-depth market segmentation by Type, Application etc.
Historical, current and projected market size in terms of volume and value.
Recent industry trends and developments.
Competitive landscape of market.
Strategies of key players and product offerings.
Potential and niche segments/regions exhibiting promising growth.
A neutral perspective towards market performance.
Market players' information to sustain and enhance their footprint.

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Global Interventional Radiology Market:

By Products
Atherectomy devices
Microspheres
Catheter
Balloons
Guide wires
Cryoablation system
Introducers
Embolic Agent
Introducer Sheaths
Vena Cava Filters
Vascular Stent System
Lead Extraction Devices
Needles
Others

By Technology
X-ray Imaging
Computed Tomography (CT) Scanners
Magnetic Resonance Imaging (MRI)
Ultrasound Imaging
Fluoroscopy
Others

By Procedure
Angiography
Angioplasty
Embolization
Stent placement
Biopsy and Drainage
Deep Vein Thrombosis (DVT)
Gastrointestinal
Urology
Others

By End Users
Hospitals and Clinics
Surgical Centers
Others

By Region
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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