United States Interventional Radiology Market to grow at 5% CAGR during 2024-2031 forecast , Led by Boston Scientific, Medtronic, and Johnson & Johnson | DataM Intelligence

The global Interventional Radiology Market is growing at a CAGR of 5% during the forecast period 2024-2031, according to DataM Intelligence.

United States: Recent Industry Developments

✅ In October 2025, Boston Scientific launched a new minimally invasive embolization system for treating uterine fibroids.
✅ In October 2025, The FDA approved a novel microwave ablation device for precise tumor treatment in interventional oncology.
✅ In October 2025, A leading US academic medical center established an AI-guided interventional radiology suite for enhanced procedural accuracy.

Japan: Recent Industry Developments

✅ In October 2025, Terumo Corporation introduced a next-generation microcatheter for complex neurovascular interventions.
✅ In October 2025, Japan's Ministry of Health approved a new thrombectomy device for acute ischemic stroke treatment.
✅ In October 2025, Olympus Corporation developed an advanced fusion imaging system for real-time guidance in interventional procedures.

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Market Trends & Drivers

The Interventional Radiology Market is experiencing steady growth driven by the shift toward minimally invasive procedures, technological advancements in imaging guidance, and increasing prevalence of chronic diseases. Key trends include the integration of artificial intelligence for procedure planning, development of bioabsorbable devices, and expansion of outpatient interventional services. The growing aging population, rising cancer incidence, and advantages of minimally invasive treatments over traditional surgery are significantly accelerating market expansion.

Competitive Landscape

The market features intense competition among medical device companies specializing in minimally invasive technologies.

Boston Scientific Corporation leads with comprehensive interventional radiology products including embolization, drainage, and biopsy devices.
Medtronic PLC offers advanced solutions for vascular and oncology interventions through its extensive medical technology portfolio.
Johnson & Johnson (Ethicon) provides innovative devices for interventional procedures through its specialized medical devices division.
Abbott Laboratories specializes in vascular intervention devices including stents, guidewires, and closure systems.
Cook Medical Incorporated focuses on minimally invasive medical devices for interventional radiology and cardiology.
Terumo Corporation excels in vascular intervention products including microcatheters and embolization devices.
Siemens Healthineers provides advanced imaging systems and navigation platforms for interventional procedures.
Philips Healthcare offers integrated interventional radiology solutions including imaging systems and procedure guidance.
Merit Medical Systems, Inc. develops specialized devices for interventional radiology and cardiology procedures.
Cardinal Health, Inc. provides a wide range of interventional products and supplies for radiology departments.

Segmentation

By Product Type (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, Others)

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Regional Analysis:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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