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The global interventional radiology market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). Interventional radiology is a technique that guides minimally invasive surgical procedures for the diagnosis and treatment of various diseases in nearly every organ system. The major factors that are augmenting the growth of the market include the rising geriatric population and increasing chronic diseases such as embolization and cancer.
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Global Interventional Radiology Market Value project to expand by 2029 The global interventional radiology market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). Interventional radiology is a technique that guides minimally invasive surgical procedures for the diagnosis and treatment of various diseases in nearly every organ system. The major factors that are augmenting the growth of the market include the rising geriatric population and increasing chronic diseases such as embolization and cancer. Besides, the rising trend and need for technologically advanced products such as minimally invasive technologies along with the collaboration of various interventional radiology organizations are some other factors that are estimated to fuel the growth of the market during the forecast period. Furthermore, the rise in awareness concerning radiology treatment in emerging economies such as India, China, Brazil, among more is also contributing towards the growth of the interventional radiology market. In these countries, the patient pool for cancer is increasing which is resulting in an increased need for radiology techniques, boosting the market growth. To Request a sample of our report on Global Interventional Radiology Market https://www.omrglobal.com/request- sample/interventional-radiology-market On the other hand, certain factors that are negatively affecting the growth of the market include low adoption of digital technology-based systems, implementation of stringent regulatory procedures for approval, and high-cost treatment. Although, the emergence of cloud-based medical imaging and the increasing need for low pain and risk-free radiology techniques over open surgery procedures are some of the opportunities to capitalize on, during the forecast period. A Full report on Global Interventional Radiology Market is available @ https://www.omrglobal.com/industry- reports/interventional-radiology-market Segmental Outlook The market is segmented based on product, application, and procedure. By product, the market is segmented into angiography systems, CT scan, fluoroscopy systems, MRI systems, ultrasound imaging systems, and others (imaging catheter guidewires, C-ARM). Based on the application segment, the market is segmented into cardiology, oncology, urology & nephrology, gastroenterology, and others (orthopedics and gynecology). Based on the procedure segment, the market is segmented into angiography, angioplasty, biopsy and drainage, embolization, thrombolysis, vertebroplasty, nephrostomy, and other procedures (fallopian tube recanalization, cholecystectomy).
Market Players Outlook Key players operating in the interventional radiology market include Siemens Healthcare, Medtronic plc, GE Healthcare, Koninklijke Philips N.V., Agfa-Gevaert Group, Fujifilm Holdings Corp., Carestream Health, and Hologic Corp, among more. To survive in the market these players adopt different marketing strategies such as a merger, acquisitions, product launch, and geographical expansion so on. For Instance, in August 2019, Philips completed the acquisition of Carestream Health’s Healthcare Information Systems business in 26 of the 38 countries in which it operates. Carestream HCIS’s cloud-enabled enterprise imaging platform expanded Philips’ enterprise diagnostic informatics solutions, including productivity enhancement, imaging data management, and advanced visualization and analysis. In addition, in August 2020, Philips acquired Intact Vascular for $275M to expand its minimally invasive therapy options for peripheral artery disease with the Tack endovascular system. The Report Covers •Market value data analysis of 2020 and forecast to 2027. •Annualized market revenues ($ million) for each market segment. •Country-wise analysis of major geographical regions. •Key companies operating in the global interventional radiology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report. •Analysis of business strategies by identifying the key market segments positioned for strong growth in the future. •Analysis of market-entry and market expansion strategies. •Competitive strategies by identifying ‘who-stands-where in the market. For More customized Data Request for Report @ https://www.omrglobal.com/report-customization/interventional- radiology-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact
Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404
