Interventional radiology market to reach USD 35547.3M by 2028

The global interventional radiology market 2022-2028, published recently by Coherent Market Insights, provides a comprehensive assessment of the market landscape, including both the current and future market situation. The study provides information on rising trends and market dynamics in terms of drivers, opportunities, and constraints. The study provides statistics on previous growth trends. It includes a market overview, key player profiling, and key growths, among other things. Market size, sales, forecasts, share, industry demand, growth rate, and revenue are also included in the report.

Interventional radiology (IR) is a medical sub-specialty of radiology using minimally-invasive image-guided procedures to diagnose & treat diseases in nearly every organ system. Examples of treatments administered by interventional radiologists include angioplasty, stenting, image-guided thermal ablation, embolization, thrombolysis, and biopsies. These minimally invasive treatments can cure or alleviate symptoms of vascular disease, cancer, stroke, uterine fibroids, and more. The concept behind interventional radiology is to diagnose and treat patients using minimally-invasive techniques to improve health outcomes. These procedures have less risk, less pain, and less recovery time in comparison to open surgery. Thus, interventional radiology is widely used to detect and treat several diseases.

Market overview:
High prevalence of chronic disease, rise in number of minimally invasive surgeries, increasing geriatric population, and advancements in interventional radiology are major factors expected to propel the growth of the global interventional radiology market over the forecast period. The ageing population tends to have a higher prevalence of chronic diseases, and can have profound impact on the health and quality of life of elder population. For instance, the incidence of cancer increases dramatically with age, most likely due to a build-up of risks for specific cancers that increase with age. Thus, there has been an increase in the use of IR technologies. According to the American Cancer Society, in 2022, there will be an estimated 1.9 million new cancer cases diagnosed and 609,360 cancer deaths in the United States.

Competitive outlook:
The report also includes company profiles, revenue sharing, and SWOT analysis of the key Interventional Radiology Market participants. You can stay one step ahead of the competition by conducting Interventional Radiology industry research, which provides an in-depth analysis of the key factors that are changing. These market measurement techniques can identify the global market’s drivers, restraints, weaknesses, opportunities, and threats.

Detailed segmentation:

• Global interventional radiology market, by product:
• MRI systems
• Ultrasound imaging systems
• CT scanners
• Angiography systems
• Fluoroscopy systems
• Biopsy devices
• Other products
• Global interventional radiology market, by application:
• Cardiology
• Urology and nephrology
• Oncology
• Gastroenterology
• Other applications

Key features of the study:

• This report provides in-depth analysis of the global interventional radiology market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022–2028), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global interventional radiology market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.

Years considered for the interventional radiology market size:

• Historic Years: 2016-2020
• Base Year: 2021
• Forecast Years: 2022-2028

Regional analysis:

• North America :  United States, Canada, and Mexico
• South & Central America :  Argentina, Chile, Brazil and Others
• Middle East & Africa : Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.
• Europe :  UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.
• Asia-Pacific : India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

Research methodology:
In this research examination, both primary and secondary data were actively utilised. The examination looked at a number of factors that had an impact on the sector. Market trends, technological advancements, emerging technologies, market risks, challenges, and opportunities, as well as governmental regulations and the business climate, are all included in this. This image illustrates the market research methodology used in this report. Coherent Market Insights