The global interventional radiology market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. The market growth is mainly attributed to the increasing prevalence of chronic diseases across the globe. The rising prevalence of cancer, blood vessel diseases, and others has been a huge concern, globally, often resulting in fatalities. According to World Health Organization (WHO), in 2020, more than 18 million active cancer patients were reported, across the globe, causing nearly 9.6 million fatalities. Lung cancer was the most prevalent cause of fatality that year. Moreover, the rise in uterine fibroids cases among women is also estimated to raise the demand for interventional radiology during the forecast years. In addition to this, an increase in the geriatric population, rising awareness about early and preventive diagnosis, and the introduction of novel radiological technologies are expected to fuel the growth of the market.
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Government initiatives and policies and FDA approvals to cure chronic diseases have also led to the growth of the interventional radiology market. For instance, In June 2019, FDA announced its plan to launch a collaborative Initiative to reduce unnecessary radiation exposure from medical imaging, with a focus on the types of imaging procedures that are associated with the highest radiation doses such as CT, fluoroscopy, and nuclear medicine.
Global Interventional Radiology Market Report Segment
By Product
- Angiography Systems
- CT scan
- Fluoroscopy Systems
- MRI Systems
- Ultrasound Imaging Systems
- Others (Imaging Catheter Guidewires, C-ARM)
By Application
- Cardiology
- Oncology
- Urology & Nephrology
- Gastroenterology
- Others (Orthopedics, Gynecology)
By Procedure
- Angiography
- Angioplasty
- Biopsy and Drainage
- Embolization
- Thrombolysis
- Vertebroplasty
- Nephrostomy
- Other Procedure (Fallopian Tube Recanalization, Cholecystectomy)
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Interventional Radiology Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Agfa-Gevaert Group
- Analogic Corp.
- Carestream Health, Inc.
- Esaote S.p.A.
- Fujifilm Holdings Corp.
- GE Healthcare
- Hitachi Medical Corp.
- Hologic, Inc.
- Koninklijke Philips N.V.
- Medtronic PLC.
- Samsung Medison
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