Increasing Prevalence of Chronic Diseases Across the Globe is Expected to Result in Increased Need for Interventional Radiology Techniques

The global interventional radiology market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). 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 have 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. 

Browse the full report description Global Interventional Radiology Market Size, Share & Trends Analysis Report by Diagnostic Modalities (Angiography Systems, CT Scan, Fluoroscopy Systems, MRI Systems, Ultrasound Imaging Systems and Others (Imaging Catheter Guidewires, C-ARM)), By Application (Cardiology, Oncology, Urology & Nephrology, Gastroenterology and Others (Orthopedics, Gynecology)), By Procedure (Angiography, Angioplasty, Biopsy and Drainage, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy, Other Procedure) Forecast Period 2021-2027 at https://www.omrglobal.com/industry-reports/interventional-radiology-market

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.  

Market Coverage

• The market numbers are available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Product 

o By Application

o By Procedure

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- Siemens Healthcare, Medtronic plc, GE Healthcare, Koninklijke Philips N.V., Agfa-Gevaert Group

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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)

Global Interventional Radiology Market Report Segment by Region