Interventional radiology industry to reach USD 42.7B by 2032

The global Interventional Radiology Industry is anticipated to increase from US$ 24.9 Billion in 2021 to US$ 42.7 Billion market by 2032, growing at a CAGR of 5% during the forecast period, according to the exclusive analysis of Future Market Insights (FMI).

There is an increasing need for cutting-edge treatment methods using scanners and X-ray vision technology due to the rising prevalence of numerous chronic diseases worldwide. In recent years, the market for these kinds of interventional radiology glasses and equipment has expanded since they not only aid in the efficient treatment of diseases but also enable a better opportunity for early diagnosis.

The necessary impetus for the rapid growth of interventional radiology, which is visible in emerging nations as well, has been provided by the introduction of interventional radiology in all levels of healthcare facilities. As the non-emergency medical services were abruptly halted during the outbreak of Covid-19 Mandeville in 2020 it had some negative impacts on the growing demand for interventional radiology devices installations.

However, the later discovery of seriousness associated with co-morbid diseases the global interventional radiology market surged with rising introduction of interventional radiology in new healthcare and medical facilities. In the post-pandemic years the application of radiology equipment has grown favouring the interventional radiology service providers. Several devices equipped with modern technologies such as X-ray systems, MRI Scanners, CT Scanners and other type of medical imaging equipment have dominated the health care sector in recent days.

Competitive landscape
Carestream Health Inc., Hologic Inc., GE Healthcare, Fujifilm Corporation, Samsung Healthcare (Samsung Electronics Co., Ltd.), Shimadzu Corporation, Siemens Healthineers, Canon Medical Systems Corporation, and Olympus Corporation are some of the prominent players of the global interventional radiology market covered by the market analysis report. Future Market Insights