Interventional Radiology Market Report

Market Insights

Interventional Radiology Market is likely to witness a CAGR of 7.0% 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.

Segments' Analysis

Interventional Radiology Market Share: By Product Type

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.

Interventional Radiology Market Share: By Procedure Type

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.

Interventional Radiology Market Share: By Application Type

Based on the application type, the market is segmented as cardiology, oncology, gastroenterology, urology & nephrology, obstetrics, gynecology, and others. The cardiology application type segment is estimated to account for the major share of the market during the forecast period owing to the increasing cardiovascular diseases coupled with aging population. Radiologists use ultrasound, CT scans, MRIs, and other technologies to diagnose heart disease and assess its causes and symptoms.

Interventional Radiology Market Share: By Region

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.

Market Scope & Segmentation

Interventional radiology (IR) is image-guided, minimally invasive medical treatment. The use of medical imaging technique to guide doctors in the treatment of certain problems with blood vessels and lymph vessels throughout the body is known as Interventional Radiology (IR).

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The interventional radiology market is segmented into the following categories.

Interventional Radiology Market Size, Share, & Forecast, by Product Type:

• MRI Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• CT Scanners (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ultrasound Imaging Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Angiography Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fluoroscopy Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Biopsy Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Interventional Radiology Market Size, Share, & Forecast, by Procedure Type:

• Angiography (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Angioplasty (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Biopsy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Embolization (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Thrombolysis (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Vertebroplasty (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Nephrostomy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Interventional Radiology Market Size, Share, & Forecast, by Application Type:

• Cardiology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Oncology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Gastroenterology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Urology & Nephrology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Obstetrics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Gynecology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Interventional Radiology Market Size, Share, & Forecast, by End-Use Type:

• Hospitals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Clinics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ambulatory Surgical Centers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Interventional Radiology Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the interventional radiology market are-

• 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

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.