openPR Logo
Press release

Interventional Radiology Market to Reach USD 42.7 Billion by 2032, Growing at a 5% CAGR

12-09-2024 06:09 PM CET | Health & Medicine

Press release from: Future Market Insights

Interventional Radiology Market

Interventional Radiology Market

The global interventional radiology market is set for steady growth, with demand forecasted to reach USD 42.7 billion by 2032, expanding at a compound annual growth rate (CAGR) of 5%. This growth is being driven by the increasing preference for minimally-invasive procedures, which offer cost-effectiveness, reduced hospital stays, and quicker recovery times compared to traditional surgical methods.

Technological advancements in imaging technology, particularly in modalities such as MRI, are playing a pivotal role in driving the market forward. These innovations are improving the precision and effectiveness of interventional radiology procedures, making them more accessible and attractive to both patients and healthcare providers. As developing countries continue to embrace these technologies, interventional radiology is expected to see strong economic growth, especially in regions with rising healthcare infrastructure and a growing focus on minimally-invasive treatments.

Furthermore, the soaring adoption of MRI technology is anticipated to significantly impact market growth in the coming years, enhancing diagnostic capabilities and treatment outcomes. However, while opportunities abound, complex regulatory frameworks in emerging markets may present challenges, potentially limiting market expansion in these regions.

Key Takeaways:

The global interventional radiology market is projected to grow to USD 42.7 billion by 2033, at a CAGR of 5%.
Cost-effectiveness and shorter hospital stays associated with minimally-invasive procedures are driving market demand.
Technological advancements in imaging technologies, particularly MRI, are expected to accelerate market growth, especially in developing countries.
Regulatory complexities in emerging markets could pose challenges to market expansion.
Global interventional radiology demand is forecast to reach USD 42.7 Billion and grow at 5% CAGR.

The cost-effectiveness of minimally-invasive procedures and shorter hospital stays are driving a growing trend of minimally-invasive procedures
Technological advancement in imaging technology promotes economic growth primarily in developing countries.
Market growth is anticipated to be positively affected by the soaring adoption of MRI in the near future
Regulations in emerging markets will be complex, putting a restraint on the market.
How Intense is the Competition in the Interventional Radiology Market?

Among the industry's leading participants are Koninklijke Philips, GE Healthcare, Siemens Healthineers, Fujifilm Healthcare, Canon Medical Systems Corporation, and Toshiba Medical Systems. These industry leaders are deploying sophisticated technology to address a sizable portion of the consumer market's unmet demands.

Recent Developments in the Interventional Radiology Market:

Samsung Electronics Co. Ltd will debut premium diagnostic imaging solutions in ultrasound, digital radiography, and mobile computed tomography at the Radiological Society of North America's (RSNA) 2020 meeting in December 2020. This strategic move aided the corporation in diversifying its product offering.
GE Healthcare, a part of General Electric Company, announced the commercial debut of the LOGIQ E10 ultrasound system in March 2018. The system has complete capabilities for enhancing precise pictures used to treat a variety of disorders. The system has a remote control application, which aids in increasing efficiency and patient satisfaction. This product introduction enabled the business to reach a broader consumer base.

Key Segments

By Product:

MRI Systems
CT Scanners
Ultrasound Imaging Systems
Angiography Systems
Others

By Procedure:

Angioplasty
Biopsy
Embolization
Peripheral Embolization
Prostatic Artery Embolization
Genicular Artery Embolization
Fibroid
Others
Thrombolysis
Vertebroplasty
Nephrostomy
Interventional Oncology
MSK Intervention
Others

By End User:

Hospitals
Clinics
Ambulatory Surgical Centre
Others

By Application:

Cardiology
Oncology
Urology
Gastroenterology
Obstetrics
Gynecology
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Interventional Radiology Market to Reach USD 42.7 Billion by 2032, Growing at a 5% CAGR here

News-ID: 3779340 • Views:

More Releases from Future Market Insights

Global Anti-Reflective Coatings Market Poised for Robust Growth, Set to Reach USD 10.3 Billion by 2035
Global Anti-Reflective Coatings Market Poised for Robust Growth, Set to Reach US …
The global Anti-Reflective Coatings Market is entering an exciting growth phase, with the market projected to expand from an estimated USD 5.6 billion in 2025 to USD 10.3 billion by 2035, registering a steady CAGR of 6.2% over the next decade. The growth is being driven by rapid technological innovations, rising consumer expectations, and increasing adoption across industries including consumer electronics, eyewear, automotive, solar panels, and telecommunications. Driving Forces Behind Market
Sewing Machine Electronic Control System Market Set to Surge to USD 3.82 Billion by 2035 Amid Technological Advancements and Industrial Expansion
Sewing Machine Electronic Control System Market Set to Surge to USD 3.82 Billion …
The global Sewing Machine Electronic Control System Market is on a dynamic growth trajectory, projected to expand from USD 2,257.5 million in 2025 to USD 3,819.7 million by 2035, reflecting a steady CAGR of 5.4%. This growth underscores the rising adoption of electronic control systems across industrial and household sewing machines, driven by automation, precision stitching, and connectivity innovations. Market Dynamics and Growth Patterns The market exhibits a cyclical pattern, with peaks
Global Automotive Alloys Market Poised for Rapid Growth, Forecast to Reach USD 60.1 Billion by 2035
Global Automotive Alloys Market Poised for Rapid Growth, Forecast to Reach USD 6 …
The global Automotive Alloys Market is on an accelerated growth trajectory, with its valuation estimated at USD 26.3 billion in 2025 and projected to soar to USD 60.1 billion by 2035, representing a robust compound annual growth rate (CAGR) of 8.6% over the forecast period. The rising demand for lightweight, high-strength materials that enhance fuel efficiency, vehicle safety, and performance is driving this expansion, while technological advancements in alloy composition
Single Phase Spot Welder Market Set to Surge to USD 518.5 Million by 2035 with Innovation and Expansion Driving Growth
Single Phase Spot Welder Market Set to Surge to USD 518.5 Million by 2035 with I …
The global single phase spot welder market is poised for significant growth, projected to climb from USD 281.4 million in 2025 to USD 518.5 million by 2035, reflecting a robust compound annual growth rate (CAGR) of 6.3%. This upward trajectory is fueled by expanding applications in automotive repair, light fabrication, and consumer goods manufacturing, where precision and efficiency are becoming non-negotiable. Between 2020 and 2025, the market has already demonstrated steady

All 5 Releases


More Releases for Intervention

Major Growth Driver Identified in 2025 Well Intervention Market: Rising Energy D …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Well Intervention Market Size Valuation Forecast: What Will the Market Be Worth by 2025? The size of the well intervention market has seen consistent growth over the past few years. The market, which will increase from $9.39 billion in 2024 to $9.84 billion in 2025 at a compound annual
Well Intervention Market Challenges & Solutions | 5.8% CAGR
The well intervention market size was valued at $8.7 billion in 2020, and is projected to reach $15.3 billion by 2030, growing at a CAGR of 5.8% from 2021 to 2030. North America garnered the dominant share in 2020, and is anticipated to maintain this dominance in well intervention market trend during the forecast period. This is attributed to the presence of key players and huge consumer base in the region. Download
Well Intervention Market May Set New Growth 2020 | ALTUS INTERVENTION, Welltec, …
Well Intervention Market is expected to rise from its initial estimated value of USD 8.75 billion in 2018 to an estimated value of USD 13.37 billion by 2026, registering a CAGR of 5.45% in the forecast period of 2019-2026. Well Intervention market research report is an all-inclusive analysis on the study of  industry. Further, manufacturer can adjust production according to the conditions of demand which are analysed here. Additionally, the business report
China Coronary Intervention (CI) & Percutaneous Coronary Intervention (PCI) Devi …
The China Coronary Intervention (CI) & Percutaneous Coronary Intervention (PCI) Device Market Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This China Coronary Intervention (CI) & Percutaneous Coronary Intervention (PCI) Device Market study
What's Driving the Well Intervention Market Growth? Omega Well Intervention, Exp …
The 'Well Intervention market' analytical summative by Brandessence Market Research, is a thorough study on the latest market trends prevailing in the global business sphere. The report also offers important details pertaining to market share, market size, profit estimations, applications and statistics of this industry. The report further presents a detailed competitive analysis including growth strategies adopted by key players of the industry. Some of the key manufacturers involved in the
Offshore Well Intervention Services Market 2020-2025| Market Size, Trends, Oppor …
Offshore Well Intervention Services Market 2020-2025 Industry research report covers the market landscape and its growth prospects over the coming years, the report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market. Get Sample Copy of this Report -