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Interventional Radiology Market Trends, Industry & Size 2030

Interventional Radiology Market

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Segments - 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

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Author :

Raksha Sharma

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Vineet Pandey

Editor :

Vishal Golekar

Report Description

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.

Segments

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

Competitive Landscape

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.

Interventional Radiology Market by key players

Table Of Content

1. Executive Summary
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 (000â€™ 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

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