Interventional radiology is an imaging technique used to capture images of the internal organs with the help of different technologies such as X-ray, fluoroscopy, computed tomography (CT), magnetic resonance imaging (MRI), and ultrasound.
Prevalence of chronic disorders, growth of lifestyle disorders due to sedentary lifestyle, increasing adoption of minimal invasive surgeries, and advancement in the interventional radiology techniques are the key elements driving the global interventional radiology market. The rise in number of patients suffering with cardiovascular disorders has increased significantly globally.
According to the American Heart Association in 2018, around 92 million Americans were suffering from cardiovascular diseases. This has resulted in focused activities towards the development and adoption of advanced surgical treatments and therapeutics.
Cardiology contributed the largest share to the global interventional radiology market in 2019 and is anticipated to witness significant growth in coming years. Rising awareness and increasing adoption of minimal invasive surgical procedures are expected to fuel the growth of interventional radiology market during the forecast period.
North America contributed the largest share to the global interventional radiology market in 2019 and is anticipated to be a dominating market during the forecast period owing to increasing number of cancer and cardiovascular patients, and growing investment in interventional radiology instruments and techniques.
Asia Pacific is anticipated to be the fastest growing market during the forecast period owing to increasing adoption of interventional radiology in the treatment of cardiovascular diseases and rising investment in healthcare infrastructure. Expanding geriatric population and rising awareness regarding minimal invasive surgical procedures is anticipated to fuel the adoption of advanced interventional radiology techniques during the forecast period.
The report titled “Interventional Radiology Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global interventional radiology market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Siemens Healthineers AG reported revenues of USD 15,771.6 million in 2019 and the product segment analysis of the company indicates that Imaging business segment of the company dominated revenue in 2019 with the United States being the major revenue contributing country.
The global interventional radiology market is segmented based on type, procedure, application, and geography. Based on type, the global interventional radiology market is segmented into MRI, ultrasound imaging, CT scanner, angiography, fluoroscopy, biopsy, and others. Based on procedure, the global interventional radiology market is segmented into angiography, angioplasty, embolization, biopsy, vertebroplasty, thrombolysis, nephrostomy placement, and other. Based on application, the global interventional radiology market is segmented into oncology, cardiology, urology & nephrology, gastroenterology, and others. Based on geography, the global interventional radiology market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on interventional radiology. Further, market share of prominent companies in the global interventional radiology market would also be estimated.
For instance, Siemens Healthineers AG operates through three business segments namely Imaging, Diagnostics and Advanced Therapies. The interventional radiology products are delivered under Imaging business segment of the company with revenue contribution of US$ 9,709.8 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the interventional radiology companies. The global interventional radiology market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution.
Product portfolio would focus on all the products under the interventional radiology business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global interventional radiology market.
Major players active in the global interventional radiology market include Canon Medical Systems Corporation, Carestream Health, Esaote SpA, Fujifilm Holdings Corporation, GE Healthcare Systems (GENERAL ELECTRIC COMPANY), Hitachi Medical Corporation, Hologic, Inc., Koninklijke Philips N.V., Samsung Medison Co., Ltd., Shimadzu Corporation, and Siemens Healthineers AG.
Market Segmentation:
By Type
- MRI
- ultrasound imaging
- CT scanner
- angiography
- fluoroscopy
- biopsy
- others
By Procedure
- angiography
- angioplasty
- embolization
- biopsy
- vertebroplasty
- thrombolysis
- nephrostomy placement
- other
By Application
- oncology
- cardiology
- urology & nephrology
- gastroenterology
- others
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
