Global Interventional Radiology Products Market, By Type (Stents, Catheters, Inferior Vena Cava (IVC) Filters, Embolization Devices, Thrombectomy Systems, Angioplasty Balloons, Biopsy Needles, Hemodynamic Flow Alteration Devices, Accessories, Other), Application (Cardiology, Oncology, Gastroenterology, Neurology, Orthopedics, Urology and Nephrology, Others), End User (Hospitals, Clinics, Home Care Settings), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Interventional Radiology Products Market
Data Bridge Market Research analyses that the interventional radiology products market to be grow at a CAGR of 6.60% in the forecast period of 2022-2029.
Interventional radiology is a medical area of expertise that focuses on using minimally invasive image-guided techniques to diagnose and treat patients. Radiological guidance systems and devices, such as x-ray, MRI, CT, fluoroscopy, and other modalities, are used in this medical specialization. The principal interventional radiological operations carried out using these methods are for the diagnosis of any underlying disorder that the patient may have, which can be discovered via visualization through pictures. Interventional radiology is also termed as vascular and interventional radiology (VIR).
The rise in prevalence of chronic diseases such as cardiovascular disorders and cancer among global population will act as major driver accelerating the interventional radiology products market’s growth rate. The shifting preference of consumer towards minimally invasive procedures will increase the demand for interventional radiology technologies including CT scan, MRI and ultrasound hence increasing the market’s growth rate. Another significant factor resulting in the expansion of market is the rising focus on the development of smart/digital inhalers. Furthermore, surging healthcare expenditure and increasing demand for painless drug administration are the major drivers that will enhance the growth of market. Likewise, rise in the number of applications will show positive impact on the market’s growth rate. Rapid urbanisation, changing lifestyle and rise in the level of disposable incomes in developing and developed countries will influence the growth rate of interventional radiology products market. The rise in the number of geriatric population and favourable reimbursement scenario will flourish the growth rate of interventional radiology products market.
Moreover, the rise in the number of research and development activities associated with interventional radiology and advancement in imaging technology will provide beneficial opportunities for the interventional radiology products market growth. Additionally, the increasing demand from emerging markets and the launch of new products will further expand the interventional radiology products market’s growth rate in the future.
On the other hand, high cost associated with the digital radiology devise such as CT scanners, X-ray systems and MRI scanners will obstruct the market growth. Also, risks linked with high radiation exposure and intense competition among market players will challenge the interventional radiology products market. However, the dearth of skilled professionals and less awareness will act as restrain and further impede the growth rate of market.
This interventional radiology products market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on interventional radiology products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Interventional Radiology Products Market Scope and Market Size
The interventional radiology products market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the interventional radiology products market is segmented into stents, catheters, inferior vena cava (ivc) filters, embolization devices, thrombectomy systems, angioplasty balloons, biopsy needles, hemodynamic flow alteration devices, accessories, and other. Accessories segment is further sub-segmented into contrast media, guidewires, balloon inflation devices and other accessories.
- Based on application, the interventional radiology products market is segmented into cardiology, oncology, gastroenterology, neurology, orthopedics, urology and nephrology and others.
- Interventional radiology products market has also been segmented based on the end user into hospitals, clinics and home care settings.
Interventional Radiology Products Market Country Level Analysis
The interventional radiology products market is analysed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the interventional radiology products market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the interventional radiology products market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. This is due to the presence of major key players and well-established healthcare infrastructure in this region. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period due to the rising number of geriatric population and increase in the prevalence of chronic disorders in this region.
The country section of the interventional radiology products market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The interventional radiology products market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for interventional radiology products market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the interventional radiology products market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Global Interventional Radiology Products Market Share Analysis
The interventional radiology products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to interventional radiology products market.
Some of the major players operating in the interventional radiology products market are Boston Scientific Corporation, Abbott, Cardinal Health, Cook, Stryker, B. Braun Melsungen AG, Terumo Corporation, General Electric, Koninklijke Philips N.V., Carestream Health, ESAOTE SPA, Hitachi, Ltd., Hologic, Inc., Shimadzu Corporation, Siemens Healthcare GmbH, CANON MEDICAL SYSTEMS CORPORATION, Samsung Medison Co., Ltd., Medtronic, Agfa-Gevaert Group, Teleflex Incorporated, Analogic Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Trivitron Healthcare, Toshiba International Corporation, and FUJIFILM Holdings Corporation, among others.
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