Global Interventional Radiology Market Trends And Strategies Of Major Players In The Interventional Radiology Market 2021-2030

16 Aug, 2021

The interventional radiology market consists of sales of interventional radiology products and related services by entities (organizations, sole traders, and partnerships) that deal with the diagnosis and treatment of patients using minimally invasive image-guided procedures. Interventional radiology is a medical specialty that entails a variety of imaging procedures to get images of the internal organs. These images are carefully interpreted by an interventional radiologist to identify injury and disease, as well as to execute a variety of interventional medical procedures. The market consists of revenue generated by the sales of the company’s manufacturing interventional radiology products and others.

Global Interventional Radiology Market Size And Drivers:

The global interventional radiology market is expected to grow from $17.57 billion in 2020 to $19.52 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth in the interventional radiology market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The interventional radiology market is expected to reach $27.13 billion in 2025 at a CAGR of 8.7%. The increasing prevalence of cancer is expected to drive the growth of the interventional radiology market in the coming years.

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Trends In The Global Interventional Radiology Market

The implementation of illumination rendering technology is a key trend gaining popularity in the interventional radiology market. Companies operating in the interventional radiology sector are continuously focusing on introducing new technologies to survive in the interventional radiology market.

Global Interventional Radiology Market Segments:
The global interventional radiology market is further segmented based on product, procedure, application and geography.
By Product: MRI, Ultrasound Imaging, CT Scanners, Angiography Systems, Fluoroscopy Systems, Biopsy Devices, Others
By Procedure: Angioplasty, Angiography, Biopsy And Drainage, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy, Others
By Application: Oncology, Cardiology, Urology And Nephrology, Gastroenterology, Others
By Geography: The global interventional radiology market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the interventional radiology market in 2020.

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Interventional Radiology Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides interventional radiology market overviews, analyzes and forecasts market size and growth for the global interventional radiology market, interventional radiology market share, interventional radiology market players, interventional radiology market segments and geographies, interventional radiology market’s leading competitors’ revenues, profiles and market shares. The interventional radiology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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