Interventional Radiology Market Outlook, Key Developments

Stratview Research has published a new report titled “Interventional Radiology Market” which is segmented by Product Type (MRI Systems, CT Scanners, Ultrasound Imaging Systems, Angiography Systems, Fluoroscopy Systems, Biopsy Devices, and Others), by Procedure Type (Angiography, Angioplasty, Biopsy, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy, and Others), by Application Type (Cardiology, Oncology, Gastroenterology, Urology & Nephrology, Obstetrics, Gynecology, and Others), by End-Use Type (Hospitals, Clinics, and Ambulatory Surgical Centers), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

As per the study, interventional Radiology Market is likely to witness a CAGR of 5.3% during the forecast period. The demand for interventional radiology technologies such as CT scans, MRIs, ultrasounds, and others is driven by the shifting consumer preference for minimally invasive procedures. Minimally invasive surgeries have grown in popularity as they are cost-effective and require a shorter hospital stay. These factors, combined with the rising occurrence of various chronic diseases, particularly among the elderly, are expected to boost the technology adoption significantly, thereby contributing to the growth of the market over the forecast period.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

Based on the product type, the market is segmented as MRI systems, CT scanners, ultrasound imaging systems, angiography systems, fluoroscopy systems, biopsy devices, and others. CT scanners are expected to account for the lion's share of the market during the forecast period due to the increasing demand for surgical, medical, or radiation treatment planning, as CT scans combine a number of X-ray images captured from various angles around the body and processes them to build cross-sectional images or slices of blood vessels, tissues, and bones. Furthermore, technological advancements in the healthcare sector are expected to drive the market growth over the forecast period.

Based on the procedure type, the market is segmented as angiography, angioplasty, biopsy, embolization, thrombolysis, vertebroplasty, nephrostomy, and others. Angiography is expected to be the dominant procedure type in the market during the forecast period. The growth of the segment is driven by the increasing demand for minimally invasive procedures and the growing prevalence of cardiovascular diseases.  Angiography also provides real-time imaging for better treatment. This is further expected to drive the market growth during the forecast period.

Which Region is expected to remain the largest market?

In terms of regions, North America is estimated to be the leading region in the market due to the growing number of chronic diseases, changing lifestyles, aging population, and the increasing demand for less expensive interventions. In addition, new product developments and technology advancements are further expected to fuel the market growth over the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Interventional Radiology Market:

• Carestream Health
• Esaote S.P.A.
• GE Healthcare
• Hitachi Medical Corporation
• Hologic Inc.
• Koninklijke Philips N.V.
• Samsung Medison Co., Ltd.
• Shimadzu Corporation
• Siemens AG
• Toshiba Medical Systems Corporation

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