Interventional Radiology Market to Expand at a 5% CAGR During 2024-2031 | Driven by Minimally Invasive Procedures & Advanced Imaging Technologies

According to DataM Intelligence, the global interventional radiology market is expected to grow at a CAGR of 5% during the forecast period 2024-2031. Market growth is supported by the increasing preference for minimally invasive procedures, rising prevalence of chronic diseases, and continuous advancements in imaging technologies. Interventional radiology offers reduced recovery time, lower procedural risk, and improved clinical outcomes compared to conventional surgical approaches, making it increasingly adopted across healthcare systems.

Interventional radiology is a specialized medical field that uses advanced imaging techniques to perform both diagnostic and therapeutic procedures through minimally invasive methods. By leveraging real-time imaging modalities such as fluoroscopy, ultrasound, CT, and MRI, interventional radiologists can precisely diagnose and treat a wide range of conditions. The ability to visualize internal organs in real time enhances procedural accuracy, supports complex interventions, and improves patient safety, further driving the adoption of interventional radiology worldwide.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/interventional-radiology-market?praveen

Recent Developments
✅ In November 2025, Siemens Healthineers expanded its advanced angiography and image-guided therapy portfolio with AI-enabled navigation systems to improve procedural accuracy and workflow efficiency.

✅ In October 2025, Boston Scientific announced the launch of next-generation embolization and ablation devices, supported by significant investments in R&D and global manufacturing expansion.

Key Highlights from the Report
➤ Interventional radiology procedures are increasingly replacing conventional surgeries due to lower risk and faster recovery.
➤ Oncology-related interventions represent a major and rapidly expanding application area.
➤ Technological advancements in imaging and navigation systems are enhancing procedural precision.
➤ North America leads the market with high adoption of minimally invasive therapies.
➤ Asia-Pacific is projected to witness the fastest growth due to expanding healthcare infrastructure.
➤ Growing preference for outpatient and day-care procedures is reshaping service delivery models.

Market Segmentation
The interventional radiology market is segmented based on product type, application, imaging modality, end-user, and procedure type, reflecting its broad clinical scope and technological diversity.

- By product type, the market includes devices and equipment, catheters, guidewires, balloons, stents, embolization agents, biopsy needles, and ablation systems. Devices and equipment dominate the market, supported by constant upgrades in imaging-guided platforms and navigation tools. Catheters and guidewires are essential consumables in most IR procedures, ensuring consistent demand. Embolization agents and ablation systems are gaining traction due to their expanding use in cancer treatment and vascular interventions.

- By application, interventional radiology is widely used in oncology, cardiology, neurology, urology, gastroenterology, and vascular diseases. Oncology represents the leading application segment, driven by the growing adoption of minimally invasive tumor treatments such as chemoembolization, radiofrequency ablation, and microwave ablation. Cardiology and vascular applications follow closely, particularly for treating peripheral artery disease, aneurysms, and venous disorders.

- By imaging modality, the market is segmented into X-ray/fluoroscopy, CT, ultrasound, and MRI-guided interventions. X-ray and fluoroscopy-based systems hold the largest share due to their widespread use and versatility. However, ultrasound- and CT-guided procedures are increasingly preferred for their real-time imaging capabilities and reduced radiation exposure.

- By end-user, interventional radiology services are primarily utilized by hospitals, ambulatory surgical centers, and specialty clinics. Hospitals dominate the market due to their comprehensive infrastructure and ability to handle complex cases. However, ambulatory surgical centers are gaining popularity as healthcare providers shift toward cost-effective outpatient procedures.

Purchase this report before year-end and unlock an exclusive 30% discount: https://www.datamintelligence.com/buy-now-page?report=interventional-radiology-market?praveen
(Purchase 2 or more Reports and get 50% Discount)

Regional Insights
- North America holds the largest share of the global interventional radiology market. The region benefits from a high prevalence of chronic diseases, early adoption of advanced medical technologies, and well-established reimbursement policies. The United States leads in procedure volumes, clinical research, and innovation, supported by strong collaborations between healthcare providers and medical device manufacturers.

Europe represents a significant market, driven by growing awareness of minimally invasive treatments and supportive government healthcare initiatives. Countries such as Germany, France, the UK, and Italy are investing heavily in advanced imaging infrastructure and training programs for interventional radiologists. The region also benefits from strong regulatory frameworks that encourage the adoption of innovative IR devices.

The Asia-Pacific region is expected to register the fastest growth during the forecast period. Rising healthcare expenditure, improving access to advanced medical technologies, and increasing incidence of cancer and cardiovascular diseases are key growth drivers. Countries like China, India, Japan, and South Korea are rapidly expanding their interventional radiology capabilities through public and private sector investments.

Latin America and the Middle East & Africa are emerging markets with growing adoption of interventional radiology procedures. While limited access and high equipment costs remain challenges, increasing healthcare modernization efforts and international collaborations are gradually improving market penetration in these regions.

Market Dynamics
1) Market Drivers
The primary driver of the interventional radiology market is the growing demand for minimally invasive procedures that reduce patient trauma, shorten hospital stays, and lower overall healthcare costs. The rising global burden of cancer, cardiovascular diseases, and neurological disorders further fuels demand for IR interventions. Continuous technological advancements in imaging systems, robotics, and navigation software are enhancing procedural accuracy and expanding clinical applications, making interventional radiology an integral part of modern medicine.

2) Market Restraints
Despite strong growth prospects, the market faces challenges such as high capital investment requirements for advanced imaging equipment and specialized devices. A shortage of trained interventional radiologists in certain regions can limit procedure volumes. Additionally, concerns related to radiation exposure and the complexity of certain procedures may hinder adoption, particularly in resource-limited settings.

3) Market Opportunities
The interventional radiology market presents significant opportunities through the integration of artificial intelligence, robot-assisted interventions, and advanced imaging analytics. Expansion into outpatient and ambulatory care settings offers new growth avenues. Emerging markets with improving healthcare infrastructure and rising awareness of minimally invasive treatments represent untapped potential for industry players.

Speak to Our Analyst and Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/interventional-radiology-market?praveen

Reasons to Buy the Report
✔ Access comprehensive insights into the global interventional radiology market landscape.
✔ Identify high-growth segments and emerging application areas.
✔ Understand regional trends and investment opportunities.
✔ Analyze competitive strategies of leading market players.
✔ Support strategic decision-making with reliable forecasts from DataM Intelligence.

Frequently Asked Questions (FAQs)
◆ How big is the global interventional radiology market?
A) The global interventional radiology market is valued in the multi-billion-dollar range and continues to expand steadily.

◆ Who are the key players in the global interventional radiology market?
A) Major players include GE HealthCare, Siemens Healthineers, Philips Healthcare, Medtronic, Boston Scientific, and Canon Medical Systems.

◆ What is the projected growth rate of the interventional radiology industry?
A) The interventional radiology market is projected to grow at a CAGR of approximately 5% from 2024 to 2031.

◆ What is the market forecast for interventional radiology through 2031?
A) The market is expected to witness sustained growth through 2031, driven by rising demand for minimally invasive procedures and advanced imaging technologies.

◆ Which region is estimated to dominate the interventional radiology market during the forecast period?
A) North America is expected to dominate the interventional radiology market due to advanced healthcare infrastructure and high adoption of innovative technologies.

Company Insights
Key players operating in the interventional radiology market include:
• Medtronic plc
• Boston Scientific Corporation
• Johnson & Johnson
• Siemens Healthineers
• GE HealthCare
• Koninklijke Philips N.V.
• Abbott Laboratories
• Becton, Dickinson and Company

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

Conclusion
The interventional radiology market is poised for sustained growth as healthcare systems increasingly prioritize minimally invasive, image-guided procedures that deliver superior patient outcomes. Insights from DataM Intelligence highlight the market's strong fundamentals, driven by technological innovation, expanding clinical applications, and rising demand across both developed and emerging regions. While challenges such as high equipment costs and workforce shortages persist, ongoing advancements in imaging, robotics, and AI are expected to reshape the future of interventional radiology. As the specialty continues to evolve, it will play an increasingly vital role in delivering efficient, precise, and patient-centered

This release was published on openPR.