The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s interventional radiology market report forecasts the interventional radiology market size to grow to $31.77 Billion by 2027, with a CAGR (compound annual growth rate) of almost 9%.

Learn More On The Interventional Radiology Market Report 2023 – https://www.thebusinessresearchcompany.com/report/interventional-radiology-global-market-report

Interventional Radiology Market Size Forecast
The global interventional radiology market is expected to grow from $20.68 billion in 2022 to $22.57 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The interventional radiology market size is expected to grow to $31.77 billion in 2027 at a CAGR of 8.9%.

North America held the largest interventional radiology market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Interventional Radiology Market Driver ­– Increase In Prevalence Of Cancer
For instance, according to the American Cancer Society, there were 1,806,590 new cancer cases and 606,520 cancer deaths in 2020 in the USA. New cases of leukemia, lymphoma, and myeloma are expected to account for 9.9% of the estimated 178,520 new cases diagnosed in the USA in 2020 and in approximately every 3 minutes one person in the US is diagnosed with blood cancer. Hence, the increasing prevalence of cancer drives the growth of the interventional radiology market.

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Key Interventional Radiology Market Trend – Adopting Artificial Intelligence
Companies operating in the interventional radiology sector continuously focus on introducing new technologies to survive in the interventional radiology market. For instance, in September 2012, GE Healthcare, a US-based manufacturer and distributor of diagnostic imaging, launched AI-powered Cath lab – Optima IGS 320in India. It uses GE’s AutoRight technology, which automates image and dose parameter optimization in real-time using AI so that doctors may concentrate their attention and clinical experience on patients. The Optima IGS 320’s next-generation interventional imaging software offers clinical adaptability to more precisely direct complex non-invasive procedures. By using AutoRight to automate the often difficult process, interventionists are given less work to do and may pay more attention to the process.

Interventional Radiology Market Segment
1) By Product: MRI, Ultrasound Imaging, CT Scanners, Angiography Systems, Fluoroscopy Systems, Biopsy Devices, Other Products
2) By Procedure: Angioplasty, Angiography, Biopsy And Drainage, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy, Other Procedures
3) By Application: Oncology, Cardiology, Urology And Nephrology, Gastroenterology, Other Applications

Interventional Radiology Market Major Players and Strategies
Major players in the interventional radiology market are Carestream Health, Siemens AG, Koninklijke Philips N.V., General Electric Company, Hitachi Medical Corporation, Canon Medical Systems Corporation, Toshiba Medical Systems, Medtronic plc, Shimadzu Corporation, Fujifilm Holdings Corp., Hologic Inc., Agfa-Gevert N.V., Esaote S.P.A., and Samsung Medison.

In August 2020, Seimens Healthineers, a Germany-based medical device manufacturer specializing in medical imaging, laboratory diagnostics, point of care diagnostics, and other segments acquired Varian for $16.4 billion. With this acquisition, Seimens plans to expand its cancer devices portfolio used for screening and treating different cancers. Varian is a UK-based medical technology company that provides products for radio-oncology treatments.

The Interventional Radiology Global Market Report 2023 covers regional data on interventional radiology market size, interventional radiology market trends and drivers, opportunities, strategies, and interventional radiology market competitor analysis. The countries covered in the interventional radiology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Interventional radiology is a field of radiology that uses medical imaging to guide minimally invasive surgical procedures for diagnosis and treatment.

View More Reports Related To The Interventional Radiology Market –
Interventional Neurology Devices And Equipment Global Market Report 2023
Radiology As A Service Global Market Report 2023
Interventional Cardiology Devices And Equipment Global Market Report 2023

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