Interventional Radiology Market by Applications (Angiography, Embolization, Angioplasty, Biopsy & Drainage, Nephrostomy, Thrombolysis, and Vertebroplasty) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global interventional radiology market size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The gro wth of the market is attributed to the advantages of accuracy, minimal invasive technique, and reduced hospital stay.
Interventional radiology is a technique for the detection and treatment of patients with the use of minimum invasive image-guided procedure. This medical procedure is dependent on the instruments and radiological guidance systems such as MRI, fluoroscopy, X- ray, CT, and others. The main application for interventional radiological methods is to identify or diagnose any disorder present in the patient, which can be detected by the visualization of images.
As per the GLOBOCAN 2020 reports, as many as 19,292,729 new cancer cases were reported worldwide in 2019. The report further suggested that the frequency of new cancer-related cases in countries with very high HDI (Human Development Index) was 8.9 million as compared to 7.4 million in high HDI countries. For medium and low HDI countries, the figures were 2.3 million and 0.7 million respectively. High frequency of cancer in countries with higher development index is due to the presence of advanced diagnostic methods. Interventional radiology equipment such as MRI systems and CT scanners are extensively used for early diagnosis of several diseases, which is attributed to the high demand for the market in the near future.
The COVID-19 pandemic has adversely impacted the market due to emergency lockdowns that hampered the production of medical devices. As per the research study conducted by the SAGE Public Health Emergency Collection, there was around more than 49% decline in demand for interventional radiology facilities in Canada, in august 2020. A similar condition was observed in different countries as patients suffering from COVID-19 cases had surged in 2020 and sudden shift to the development of coronavirus testing devices and diagnostic kits.
Market Trends, Drivers, Restraints, and Opportunities
- Extensive research and development activities as well as huge funding by key player and government organizations are pushing the market for better growth in the near future.
- Rising awareness among the population for early diagnosis of diseases and high prevalence of cancer are the key factor for the market growth.
- Introduction of cost effective technology and reduced hospital stay are the major drivers boosting the market expansion at rapid pace.
- Risk of exposure to radiations and high cost of equipment are major restraining factors that can hinder the market growth in the coming years.
Scope of the Report
The report on the global interventional radiology market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Interventional Radiology Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Applications (Angiography, Embolization, Angioplasty, Biopsy & Drainage, Nephrostomy, Thrombolysis, and Vertebroplasty) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Philips Healthcare; Medtronic plc; Siemens Healthcare; Toshiba Medical Systems; Agfa-Gevert N.V; Hitachi Medical Corporation; Fujifilm Holdings; and Teleflex Incorporated |
Market Segment Insights
Angiography segment is expected to grow at a rapid pace
Based on applications, the global interventional radiology market is divided into angiography, embolization, angioplasty, biopsy & drainage, nephrostomy, thrombolysis, and vertebroplasty. The angiography segment is expected to grow at a rapid pace owing to benefits such as real-time imaging for improved treatment. Additionally, the increasing cases of cancer in the world is also boosting the segment growth. However, the biopsy & drainage segment is projected to exhibit a healthy growth rate in the near future owing to wide research activities in the field of biopsy medicines and drug development worldwide.
North America is anticipated to constitute a key market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share during the forecast period owing to availability of highly advanced technology, innovative products, and extensive research activities in radiology. Furthermore, the huge funding offered by major players as well as government organization is propelling the market growth in the region. Additionally, the presence of highly skilled healthcare professionals and well developed healthcare infrastructure present key contributing factors for the regional market growth.
The Asia Pacific market, however, is anticipated to grow at a significant rate in the coming years due to the wide number of cancer patients and government policies in favor of the early identification techniques in the region. Moreover, the preference of radiologist for the interventional radiology techniques to establish advanced healthcare system in the region plays an important role for the market growth in Asia Pacific.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Interventional Radiology Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Interventional Radiology Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Interventional Radiology Market - Supply Chain
4.5. Global Interventional Radiology Market Forecast
4.5.1. Interventional Radiology Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Interventional Radiology Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Interventional Radiology Market Absolute $ Opportunity
5. Global Interventional Radiology Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Interventional Radiology Market Size and Volume Forecast by Applications
5.3.1. Angiography
5.3.2. Embolization
5.3.3. Angioplasty
5.3.4. Biopsy & Drainage
5.3.5. Nephrostomy
5.3.6. Thrombolysis
5.3.7. Vertebroplasty
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Interventional Radiology Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Interventional Radiology Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Interventional Radiology Demand Share Forecast, 2019-2026
7. North America Interventional Radiology Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Interventional Radiology Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Interventional Radiology Market Size and Volume Forecast by Applications
7.4.1. Angiography
7.4.2. Embolization
7.4.3. Angioplasty
7.4.4. Biopsy & Drainage
7.4.5. Nephrostomy
7.4.6. Thrombolysis
7.4.7. Vertebroplasty
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Interventional Radiology Demand Share Forecast, 2019-2026
8. Latin America Interventional Radiology Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Interventional Radiology Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Interventional Radiology Market Size and Volume Forecast by Applications
8.4.1. Angiography
8.4.2. Embolization
8.4.3. Angioplasty
8.4.4. Biopsy & Drainage
8.4.5. Nephrostomy
8.4.6. Thrombolysis
8.4.7. Vertebroplasty
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Interventional Radiology Demand Share Forecast, 2019-2026
9. Europe Interventional Radiology Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Interventional Radiology Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Interventional Radiology Market Size and Volume Forecast by Applications
9.4.1. Angiography
9.4.2. Embolization
9.4.3. Angioplasty
9.4.4. Biopsy & Drainage
9.4.5. Nephrostomy
9.4.6. Thrombolysis
9.4.7. Vertebroplasty
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Interventional Radiology Demand Share Forecast, 2019-2026
10. Asia Pacific Interventional Radiology Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Interventional Radiology Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Interventional Radiology Market Size and Volume Forecast by Applications
10.4.1. Angiography
10.4.2. Embolization
10.4.3. Angioplasty
10.4.4. Biopsy & Drainage
10.4.5. Nephrostomy
10.4.6. Thrombolysis
10.4.7. Vertebroplasty
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Interventional Radiology Demand Share Forecast, 2019-2026
11. Middle East & Africa Interventional Radiology Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Interventional Radiology Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Interventional Radiology Market Size and Volume Forecast by Applications
11.4.1. Angiography
11.4.2. Embolization
11.4.3. Angioplasty
11.4.4. Biopsy & Drainage
11.4.5. Nephrostomy
11.4.6. Thrombolysis
11.4.7. Vertebroplasty
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Interventional Radiology Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Interventional Radiology Market: Market Share Analysis
12.2. Interventional Radiology Distributors and Customers
12.3. Interventional Radiology Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Philips Healthcare
12.4.2. Medtronic plc
12.4.3. Siemens Healthcare
12.4.4. Toshiba Medical Systems
12.4.5. Agfa-Gevert N.V
12.4.6. Hitachi Medical Corporation
12.4.7. Fujifilm Holdings
Segments Covered in the Report
The global interventional radiology market has been segmented on the basis of
Applications
- Angiography
- Embolization
- Angioplasty
- Biopsy & Drainage
- Nephrostomy
- Thrombolysis
- Vertebroplasty
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Philips Healthcare
- Medtronic plc
- Siemens Healthcare
- Toshiba Medical Systems
- Agfa-Gevert N.V
- Hitachi Medical Corporation
- Fujifilm Holdings
- Teleflex Incorporated
The key market players competing in the global interventional radiology market are Philips Healthcare; Medtronic plc; Siemens Healthcare; Toshiba Medical Systems; Agfa-Gevert N.V; Hitachi Medical Corporation; Fujifilm Holdings; and Teleflex Incorporated.
Our Clients
Related Reports
Some other reports from this category!
