Interventional Radiology Market Insights:
The Interventional Radiology Market was analyzed which was worth USD 25.06 Billion in the year 2022, expecting a CAGR of 6.6% during the forecast period (2023-2030), and the market is projected to be valued at USD 41.79 Billion by 2030.
Driver:
The increased adoption of Interventional Radiology in the Clinical Diagnostics is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Interventional Radiology also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Interventional Radiology in many sectors also boosts the market growth during the forecast period.
Interventional radiology (IR) is a medical subspecialty that uses minimally invasive, image-guided procedures to diagnose and treat diseases and conditions. Interventional radiologists use imaging techniques such as X-rays, CT scans, ultrasound, and MRI to guide small instruments, such as catheters or needles, through blood vessels or other pathways in the body to target specific areas and perform procedures.
Interventional Radiology Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product (Magnetic Resonance Imaging (MRI), Ultrasound Imaging, Computed Tomography (CT) Scanners, Angiography Systems, Fluoroscopy Systems, Biopsy Devices, Others), application (Cardiology, Urology and Nephrology, Oncology, Gastroenterology, Others), Technology (Catheters, Stents, Inferior Vena Cava (IVC) Filters, Hemodynamic Flow Alteration (HFA) Devices, Angioplasty Balloons, Thrombectomy Systems, Embolization Devices, Biopsy Needles, Accessories, Others), Procedure (Angioplasty, Angiography, Biopsy and Drainage, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy, Others), End User (Hospitals, Clinics, Home Care Settings), and companies (GE Healthcare, Fujifilm Holdings Corporation, Koninklijke Philips NV, Siemens AG, and Shimadzu Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.6%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 41.79 Billion |
| CAGR (2023-2030) | 6.6% |
| By Product | Magnetic Resonance Imaging (MRI), Ultrasound Imaging, Computed Tomography (CT) Scanners, Angiography Systems, Fluoroscopy Systems, Biopsy Devices, Others |
| By Application | Cardiology, Urology and Nephrology, Oncology, Gastroenterology, Others |
| By Technology | Catheters, Stents, Inferior Vena Cava (IVC) Filters, Hemodynamic Flow Alteration (HFA) Devices, Angioplasty Balloons, Thrombectomy Systems, Embolization Devices, Biopsy Needles, Accessories, Others |
| By Procedure | Angioplasty, Angiography, Biopsy and Drainage, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy, Others |
| By End User | Hospitals, Clinics, Home Care Settings |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | GE Healthcare, Fujifilm Holdings Corporation, Koninklijke Philips NV, Siemens AG, and Shimadzu Corporation |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Interventional Radiology market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
GE Healthcare, Fujifilm Holdings Corporation, Koninklijke Philips NV, Siemens AG, and Shimadzu Corporation
Market Segment Analysis:
By Technology
- Catheters
- Stents
- Inferior Vena Cava (IVC) Filters
- Hemodynamic Flow Alteration (HFA) Devices
- Angioplasty Balloons
- Thrombectomy Systems
- Embolization Devices
- Biopsy Needles
- Accessories
- Others
By Procedure
- Angioplasty
- Angiography
- Biopsy and Drainage
- Embolization
- Thrombolysis
- Vertebroplasty
- Nephrostomy
- Others
By Product
- Magnetic Resonance Imaging (MRI)
- Ultrasound Imaging
- Computed Tomography (CT) Scanners
- Angiography Systems
- Fluoroscopy Systems
- Biopsy Devices
- Others
By Application
- Cardiology
- Urology and Nephrology
- Oncology
- Gastroenterology
- Others
By End User
- Hospitals
- Clinics
- Home Care Settings
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Interventional Radiology industries in the region.
Key Interventional Radiology Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Interventional Radiology Market segments.
– Largest Market Share Held by Industry to Industry for Interventional Radiology
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Interventional Radiology Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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