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Interventional Radiology Market Size, Industry Analysis, Competitive Landscape, Revenue And Volume Forecast 2024 To 2033
Interventional Radiology Market
The Business Research Company presents an extensive market research report on the "Interventional Radiology Global Market Report 2024," furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Interventional Radiology industry. This report on Interventional Radiology market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The interventional radiology market size has grown rapidly in recent years. It will grow from $24.08 billion in 2023 to $27.42 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to increased aging population, rise in chronic disease prevalence, adoption of telehealth service, enhanced radiation safety measures, increased minimally invasive procedures.The interventional radiology market size is expected to see rapid growth in the next few years. It will grow to $44.06 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%.
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Key Market Players:
Carestream Health Inc., Siemens Aktiengesellschaft, Koninklijke Philips N.V., General Electric Company, Hitachi Ltd.
Market Drivers:
According to the Interventional Radiology Market Report 2024 by The Business Research Company, The increase in prevalence of cancer is expected to drive the growth of the interventional radiology market in the coming years. Cancer is a global health problem and is the second leading cause of death in the United States. Interventional radiology uses a variety of techniques such as ablation, embolization, and irreversible electroporation (IRE) to treat cancer and cardiovascular disorders. For instance, in February 2023, according to the House of Commons Library, a UK-based government body, cancer claimed the lives of 134,802 persons in England in 2021. Hence, the increasing prevalence of cancer drives the growth of the interventional radiology market.
More information about the Global Interventional Radiology Market Report -
https://www.thebusinessresearchcompany.com/report/interventional-radiology-global-market-report
Market segments for Interventional Radiology include:
1) By Product: MRI, Ultrasound Imaging, CT Scanners, Angiography Systems, Fluoroscopy Systems, Biopsy Devices, Other Products
2) By Procedure: Angioplasty, Angiography, Biopsy And Drainage, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy, Other Procedures
3) By Application: Oncology, Cardiology, Urology And Nephrology, Gastroenterology, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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