Interventional Radiology Market Trends, Growth Drivers, and Key Players | Forecast 2024-2031

Interventional Radiology Market Overview
The Interventional Radiology Market is expected to grow at a CAGR 5% during the forecast period 2024-2031

Interventional radiology is indeed a medical specialty that utilizes a range of minimally invasive imaging procedures to capture images of the body's internal organs. It's extensively used for both diagnostic and therapeutic purposes, with radiological image guidance playing a crucial role. The interventional radiologist meticulously examines the real-time image to guide various interventional medical procedures. They employ a variety of imaging techniques to obtain these real-time images, thereby enabling precise and effective treatment. This approach often results in less pain, less risk, shorter recovery times, and improved health outcomes compared to traditional surgery.

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Interventional Radiology Market Trends

Indeed, the growing demand for minimally invasive procedures is a significant driver of market growth.

The rising prevalence of chronic diseases such as cancer and cardiovascular disorders among adults and the elderly is leading to an increased demand for minimally invasive treatment options. This is a key factor driving the growth of the interventional radiology market. Interventional radiology technologies, such as CT scans, MRIs, and ultrasound, can be used to treat patients suffering from these chronic diseases. Additionally, the positive psychological impact of surgical operations on patients is contributing to market expansion.

Minimally invasive surgeries have become popular due to their cost-effectiveness and the shorter hospital stays they require. These treatments have improved life expectancy among patients and have significantly impacted the market. The affordability of these technologies and treatments has led to an increase in the number of patients relying on interventional radiology treatments.

Moreover, patients who receive proper care are expected to develop fewer co-morbid conditions and experience lower risks. The continuously increasing patient population has significantly boosted the demand for interventional radiology treatments, which in turn will increase the adoption rate of minimally invasive procedures. These factors are expected to drive the growth of the market in the forecast period.

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Market Segmentation

By Product
X-rays
MRI scans
Fluoroscopy
CT scans
Ultrasound

By Application
Embolization
Angiography
Cholangiography
Biopsy
Balloon Angioplasty
Catheter placement
Genitourinary
Others

By End User
Hospitals
Ambulatory surgical centers
Diagnostic centers

Market Key Players
Major players are Carestream Health, Esaote SPA, GE Healthcare, Fujifilm Holdings Corporation, Hologic Inc., Koninklijke Philips NV, Shimadzu Corporation, Siemens Healthineers AG, Canon Medical Systems Corporation and Samsung Medison.

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