Interventional Radiology Market is estimated to reach USD 35,547.3 million by 2028 at a CAGR of 6.5% | Canon Inc., Shimadzu Corporation, Esaote SPA, Fujifilm Holdings Corporation | Whuff News


Interventional radiology is used to diagnose and treat patients using minimally invasive techniques. These methods reduce patient risk and help improve health outcomes. IR procedures have lower risk, shorter recovery time and less pain compared to open surgery. Clinicians use various medical imaging techniques such as CT, ultrasound, fluoroscopy and MRI to diagnose and treat the patient. These imaging studies can help radiologists detect problems early and then diagnose and treat them.

International Interventional Radiology The market is expected to reach a valuation of USD 24,327.5 million by the end of the forecast period of 2022.

Drivers:

Increasing preference for minimally invasive procedures is estimated to boost the growth of the global interventional radiology market during the forecast period. For example, radiologists perform minimally invasive, image-guided procedures to diagnose and treat various diseases, allowing doctors to perform minimally invasive surgery and reduce the risk and recovery time of open surgery. An interventional radiology clinic was launched at Aster Medcity in July 2021, offering a wide range of specialized oncology, urology, neuroradiology, transplant and hepatobiliary services to patients of all age groups.

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Opportunities:

The rise in chronic diseases globally is estimated to provide effective growth opportunities for key players in the global interventional radiology market during the forecast period. These minimally invasive image-guided procedures can help treat strokes, vascular disease, uterine fibroids and cancer. It is estimated that the increasing number of chronic diseases will increase the use of IR devices. Chronic diseases are one of the leading causes of death worldwide. The Centers for Disease Control and Prevention notes that six out of ten adults in the United States of America are suffering from chronic diseases such as cancer, diabetes or heart disease.

Restrictions:

High cost of equipment and increased exposure to radiation are estimated to hinder the growth of the global interventional radiology market during the forecast period. For example, interventional radiology requires expensive equipment, a CT scanner costs $2.5 million and an MRI scanner costs about $3 million. In addition, increased exposure to radio waves is estimated to exhibit adverse effects on the patient, while internal exposure may lead to accumulation of few substances in organs or bones, which is estimated to restrict the growth of the global interventional radiology market.

Impact of Covid-19:

People who suffer from medical conditions such as diabetes, cardiovascular disease, chronic respiratory disease and cancer are at a higher risk of contracting Covid-19, according to the World Health Organization. Due to the pandemic, there has been a decrease in demand for emergency interventional radiology services worldwide. The University of Texas MD Anderson Cancer Center created a telemedicine program in December 2021 to maintain interventional radiology services during the Covid-19 pandemic. During the outbreak, MD Anderson made a concerted effort to reduce the number of cancer patients coming to their facilities. In the year In March 2020, approximately 68% of telemedicine contacts were transitioning to regular visits by April 2021.

Key Takeaways:

International Interventional Radiology In 2021, the market is estimated to be valued at USD 22,849.9 million and in 2028, the forecast is estimated to reach USD 35,547.3 million.

The cardiology segment, among the application segments, is estimated to witness significant growth in the global interventional radiology market during the forecast period, owing to growing approvals and increasing product launches.

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Market Trends:

  1. Growing demand for interventional radiology equipment is expected to fuel the growth of the global radiology market during the forecast period. For example, a new curriculum for interventional radiology and clinical radiology was unveiled by the RCR in February 2022. This is based on a small number of higher education outcomes that define the universal skills necessary for counseling practice.
  2. Increasing technological advancement in imaging technology is estimated to boost the growth of the global interventional radiology market during the forecast period. For example, Gurbet announced that they are doubling their micro-catheters and launching a new guide line, which will result in a wide range of interventional imaging and corrective solutions.

Key Players:

Major players working in global interventional radiology They are the market. Canon Inc., Shimadzu Corporation, Esaote SPA, Fujifilm Holdings Corporation, Samsung Medicine and Carestream Health,., Siemens Healthineers AG and Koninklijke Philips.

Recent developments

MyLab X75 ultrasound system was launched by ESAOTE in May 2021, which helps to obtain liver stiffness measurement, zero-click left ventricle function analysis and micro-vascularization assessment.

An artificial intelligence ultrasound module was launched by RSIP Vision in December 2020, this ultrasound can be used for accurate and rapid care cardiac evaluations and the company is expected to witness growth in the market during the forecast period.

GE Healthcare partnered with Decisio Health and CMR Surgical Ltd in December 2019, to develop new technologies such as minimally invasive robotic surgery systems, 3D printing and virtual patient monitoring.

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Table of contents

Chapter 1 Industry overview
1.1 Definition
1.2 Assumptions
1.3 Scope of research
1.4 Market analysis by region
1.5 Interventional Radiology Market Size Analysis 2022 to 2028
11.6 The Covid-19 Pandemic: Impact of the Intervention Radiology Industry

Chapter 2 Global Interventional Radiology Competition by Type, Application, and Top Regions and Countries
2.1 Global Interventional Radiology (Volume and Value) by Type
2.3 Global interventional radiology (volume and value) by region

Chapter 3 Product market analysis
3.1 Analysis of the global product market
3.2 Regional product market analysis

Chapter 4 Global Interventional Radiology Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North American interventional radiology market analysis
Chapter 6 East Asia interventional radiology market analysis
Chapter 7 European interventional radiology market analysis
Chapter 8 South Asian interventional radiology market analysis
Chapter 9 Southeast Asia interventional radiology market analysis
Chapter 10 Middle East Interventional Radiology Market Analysis
Chapter 11 African interventional radiology market analysis
Chapter 12 Oceania interventional radiology market analysis
Chapter 13 Analysis of the South American interventional radiology market
Chapter 14 Company profiles and key figures in the interventional radiology business
Chapter 15 Global Interventional Radiology Market Forecast (2022-2028)
Chapter 16 Conclusions
Research methods

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