Interventional Radiology Market Growth 2022-27, Share, Report

According to the latest report by IMARC Group, titled “Interventional Radiology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global interventional radiology market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Global interventional radiology market reached a value of US$ 23.22 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 34.53 Billion by 2027, exhibiting a CAGR of 6.60% during 2022-2027.

Interventional Radiology Market Overview :

In order to identify disorders, a variety of techniques are referred to as interventional radiology (IR), including ultrasound, magnetic resonance imaging (MRI), X-ray fluoroscopy, and computed tomography (CT). It aids in creating tiny abdominal incisions for catheters and needles. Interventional radiology is frequently used to treat conditions including weak arteries, blood clots, blood vessel repair, blocking blood flow to cancer cells, nerve pain relief, etc. The procedure is less expensive, risky, and uncomfortable than regular surgery. As a result, interventional radiology has several uses in the fields of gastroenterology, cancer, nephrology, cardiology, and urology.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Interventional Radiology Market Trends and Drivers:

The escalating prevalence of chronic diseases, on account of the sedentary lifestyles of individuals and the increasing consumption of fast foods, is among the primary factors driving the interventional radiology market. Besides this, the growing popularity of minimally invasive (MI) procedures, as they are cost-effective and require shorter hospital stays, is further augmenting the market growth.

Apart from this, the rising advancements in imaging technologies that provide real-time images to radiologists to show a comprehensive view of internal organs are also catalyzing the global market. Moreover, the development of augmented reality (AR) techniques, which offer the ability to move devices and scopes inside the body and interact with the surroundings, is acting as another significant growth-inducing factor.

Furthermore, the introduction of fractional flow reserve (FFR) and optical coherence tomography (OCT) for stenting patients with multi-vessel coronary artery disease (CAD) is expected to bolster the interventional radiology market in the coming years.

Global Interventional Radiology Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Boston Scientific Corporation, Cook Group Incorporated, Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Hologic Inc, Koninklijke Philips N.V., Medtronic plc, Nipro Corporation, Shimadzu Corporation, Siemens Aktiengesellschaft and Teleflex Incorporated.

The report has segmented the market on the basis of region, product, procedures, application and end use.

Breakup by Product:

• Magnetic Resonance Imaging (MRI)
• Ultrasound Imaging Systems
• Computed Tomography (CT) Scanners
• Angiography Systems
• Fluoroscopy Systems
• Biopsy Devices
• Others

Breakup by Procedures:

• Angiography
• Angioplasty
• Embolization
• Vertebroplasty
• Thrombolysis
• Nephrostomy Placement
• Others

Breakup by Application:

• Cardiology
• Urology and Nephrology
• Oncology
• Gastroenterology
• Others

Breakup by End Use:

• Hospitals
• Clinics
• Ambulatory Surgical Centers

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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