The global interventional radiology market size is expected to grow from $19.07 billion in 2021 to $20.53 billion in 2022 at a compound annual growth rate (CAGR) of 7.6%. The global interventional radiology market is expected to grow to $28.61 billion in 2026 at a CAGR of 8.6%.
What is the Global Interventional Radiology Market?
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.
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What drives the Global Interventional Radiology Market?
The increasing prevalence of cancer is expected to drive the growth of the interventional radiology market in the coming years. Cancer is a global health problem and is the second leading cause of death in the United States. Interventional radiology uses a variety of techniques such as ablation, embolization, and irreversible electroporation (IRE) to treat cancer and cardiovascular disorders. Hence, the increasing prevalence of cancer drives the growth of the interventional radiology market.
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Global Interventional Radiology Market Segments
The global interventional radiology market is segmented:
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 regions covered in the interventional radiology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Interventional Radiology Global Market Report 2022provides market size and growth forecasts for the global interventional radiology market, global interventional radiology market share, interventional radiology global market segments and geographies, interventional radiology global market competitive landscape including 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.
Global Interventional Radiology Industry Playersinclude Carestream Health, Siemens AG, Koninklijke Philips N.V, General Electric Company, Hitachi Medical Corporation, Canon Medical Systems Corporation, Toshiba Medical Systems, Medtronic plc, Shimadzu Corporation, and Fujifilm Holdings Corp. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
