Interventional Radiology Products Market Boosted by High Adoption in Oncology Cardiology and Neurology Across Emerging and Developed Regions

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Interventional Radiology Products Market- by Type (Catheters, Stents, Inferior Vena Cava (IVC) Filters, Hemodynamic Flow Alteration Devices, Angioplasty Balloons, Thrombectomy Systems, Embolization Devices, Biopsy Needles, Accessories, and Other Interventional Radiology Products), Applications (Cardiology, Urology & Nephrology, Oncology, Gastroenterology, Neurology, Orthopedics, and Other Applications), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

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According to the latest research by InsightAce Analytic, the global interventional radiology products market is valued at 20.5 Billion in 2022, and it is expected to reach 36.9 Billion by the year 2031, with a CAGR of 6.9% during a forecast period of 2023-2031.

Interventional radiology is a specialized field of medicine that employs minimally invasive, image-guided procedures for the diagnosis and treatment of a wide range of medical conditions. Utilizing advanced imaging modalities such as X-ray, magnetic resonance imaging (MRI), computed tomography (CT), and fluoroscopy, these techniques enable accurate, real-time visualization that facilitates targeted therapeutic interventions. Commonly referred to as vascular and interventional radiology (VIR), this discipline plays a pivotal role in modern clinical practice by offering precise and less invasive treatment alternatives.

The global interventional radiology products market is poised for substantial growth, primarily driven by the increasing incidence of chronic diseases, including cancer and cardiovascular disorders. Growing patient preference for minimally invasive procedures is boosting the demand for advanced imaging technologies such as CT, MRI, and ultrasound. Furthermore, innovations in smart medical devices, including digital inhalers and intelligent imaging systems, are accelerating market expansion.

Additional factors supporting this upward trajectory include the rising demand for pain-free drug delivery methods, increased healthcare spending, and the expanding scope of interventional radiology applications across diverse medical disciplines. Rapid urbanization, evolving consumer lifestyles, and rising disposable incomes in both developed and emerging economies are further propelling the adoption of interventional radiology solutions.

The market outlook is also strengthened by the growing aging population and the presence of favorable reimbursement policies, which collectively enhance accessibility to and utilization of interventional radiology services across global healthcare systems.

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North America is anticipated to be the major contributor to the interventional radiology products market over the forecast years. The high prevalence of chronic diseases, expanding geriatric population, rising use of minimally invasive procedures, and the presence of major players in the region can all be linked to the big proportion of the North American market. In addition, the Asia Pacific interventional radiology products market is expected to grow significantly during the forecast period. The presence of emerging economies like China, India, and South Korea, rising chronic disease prevalence, rising demand for high-quality healthcare, increasing healthcare spending and government initiatives, rising disposable income, expansion of the medical device industries, and improvements in healthcare infrastructure in Southeast Asian nations are the main factors propelling the market's development in the Asia Pacific region.

Major market players operating in the Interventional Radiology Products market include
Biosensors International Group, Ltd. (Singapore), Teleflex Incorporated (US), vascular S.L.U. (Spain), Penumbra, Inc. (the US), BIOTRONIK SE & Co. KG (Germany), ENDOCOR GmbH (Germany), Medtronic (Ireland), Boston Scientific Corporation (US), Becton, Dickinson and Company (US), Abbott (US), Cardinal Health (US), B. Braun Melsungen AG (Germany), Stryker (US), Terumo Medical Corporation (Japan), Cook Medical (US), Meril Life Sciences Pvt. Ltd. (India), Palex Medical (Spain), UreSil, LLC (US), Alvimedica (Turkey), Cardionovum GmbH (Germany), SMT (India), Medinol Ltd. (Israel), Comed B.V. (Netherlands), SCITECH (Brazil), Balton Sp. z o.o. (Poland), Rontis (Switzerland) and other prominent players

Recent collaborations and agreements in the market:
• In 2021, the radial artery access portfolio was purchased by Medtronic (Ireland) from RIST Neurovascular, Inc. (US). The company's product line in the market for interventional radiology goods was widened by this acquisition, which also improved its capacity to assist patients who require interventional neurovascular therapy.
• In 2020, by acquiring Farapulse, Inc. (US), Boston Scientific Corporation (US) will increase its product offerings in the market for interventional radiology devices.

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Market Segments
Global Interventional Radiology Products Market, by Type, 2022-2030 (Value US$ Mn)
• Catheters
• Stents
• Inferior Vena Cava (IVC) Filters
• Hemodynamic Flow Alteration Devices
• Angioplasty Balloons
• Thrombectomy Systems
• Embolization Devices
• Biopsy Needles
• Accessories
• Other Interventional Radiology Products
Global Interventional Radiology Products Market, by Applications, 2022-2030 (Value US$ Mn)
• Cardiology
• Urology & Nephrology
• Oncology
• Gastroenterology
• Neurology
• Orthopedics
• Other Applications
Global Interventional Radiology Products Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Interventional Radiology Products Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Interventional Radiology Products Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Interventional Radiology Products Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Interventional Radiology Products Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Interventional Radiology Products Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global interventional radiology products market
 To receive an industry overview and future trends of the interventional radiology products market
 To analyze the interventional radiology products market drivers and challenges
 To get information on the interventional radiology products market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the interventional radiology products market industry

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