Interventional Radiology Equipment Market Size, Share, Growth Factors, Competitive Landscape, with Regional Forecast to 2031

The Interventional Radiology Products market size was valued at US$ 24,947.01 million in 2022 and is expected to reach US$ 39,363.39 million by 2031;  and is projected to witness a CAGR of 5.8% from 2022 to 2031.

Market Insights and Analyst View:

Interventional radiology products are a type of medical imaging technique for guiding doctors to diagnose and treat specific problems related to blood vessels and lymph vessels throughout the body. IR is also called image-guided therapy.

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Key Players Analysis:

• Carestream Health
• Esaote SPA
• GE Healthcare
• Hitachi Medical Corporation
• Hologic Inc
• Koninklijke Philips NV
• Shimadzu Corporation
• Siemens Healthineers AG
• Canon Medical Systems Corporation

Report Segmentation and Scope:

The global Interventional radiology products Market is categorized on the basis of type, procedure, and application. Based on type, the interventional radiology products market is segmented into catheters, stents, inferior vena cava filters, hemodynamic flow alteration devices, angioplasty balloons, thrombectomy systems, embolization devices, biopsy needles, accessories, and others. Based on procedure, the interventional radiology products market is segmented into angioplasty, angiography, embolization, thrombolysis, biopsy and drainage, vertebroplasty, nephrostomy, and others. Based on application, the interventional radiology products market is segmented into cardiology, urology and nephrology, oncology, gastroenterology, neurology, orthopedics, and others. The Interventional radiology products market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Segmental Analysis:

The interventional radiology products market, by type, is segmented into catheters, stents, inferior vena cava filters, hemodynamic flow alteration devices, angioplasty balloons, thrombectomy systems, embolization devices, biopsy needles, accessories, and others. The catheters segment held the largest interventional radiology products market share in 2022, and it is anticipated to register the highest CAGR in the market during 2022-2031. The development of innovative materials and designs that enhance catheter performance, reduce procedure time, and improve patient comfort is expected to drive market expansion. The shift towards value-based healthcare and the emphasis on cost-effective and efficient medical devices are also influencing the demand for radiology catheters. These factors contribute to the growing demand for the catheter-type products segment.

Regional Analysis:

Based on geography, the global interventional radiology products market is segmented into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. North America is expected to register the highest revenue share in the year 2022. The region is home to several key players in the medical device industry, and it has a well-established healthcare infrastructure that supports the adoption of advanced interventional radiology techniques. The United States is the largest market for intervention radiology products in North America, driven by factors such as the high prevalence of cardiovascular diseases, the presence of major healthcare facilities, and the higher demand for minimally invasive procedures.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Interventional Radiology Equipment Market based on various segments. It also provides market size and forecast with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Interventional Radiology Equipment Market by each region is later sub-segmented by respective countries and segments.

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This release was published on openPR.