Market Trends Influencing Strategic Decisions in the Interventional Oncology Devices Industry: Integration Of Robotics Technology Enhances Efficiency In Interventional Oncology Devices Market
Discover trends, market shifts, and competitive outlooks for the interventional oncology devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Has The Interventional Oncology Devices Market Growth Evolved From 2024 To 2025, And What’s Ahead?
The market size for interventional oncology devices has seen a robust enhancement in recent years. An increase from $2.39 billion in 2024 to $2.52 billion in 2025, marking a compound annual growth rate (CAGR) of 5.3% is anticipated. Factors such as an aging populace, rising prevalence of cancer, amplified spending on pharmaceutical research and development, elevated healthcare expenditures, and an increase in the volume of healthcare facilities, can be credited for this growth observed in the past.
The market for interventional oncology devices is set to experience significant expansion in the coming years, reaching a worth of $3.34 billion in 2029, at a compound annual growth rate (CAGR) of 7.3%. The rise during the forecast period is due to several factors such as an increase in elderly population, an upward trend in using minimally invasive surgeries (MIS), increased investment in research and development, enhanced healthcare spending, ambitious potential in developing nations, and the escalating prevalence of cancer and chronic illnesses. The forecast period is also expected to witness major trends such as concentration on the advancement of image-guided oncology devices, utilization of artificial intelligence for the creation of novel devices, development of innovative embolic devices for improved oncology procedures, emphasis on the integration of robotic technology and strategic partnerships with companies and research institutions to expedite the process of product development and innovation.
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What Are the Major Market Drivers Behind the Rising Adoption of Interventional Oncology Devices Market?
Top firms in the interventional oncology devices market are honing in on technologies like tissue volume, with the aim of boosting diagnostic precision and the efficiency of oncology treatments. The term tissue volume entails the measure of biological tissue gathered during a biopsy. A larger scope of tissue volumes can offer a more extensive range of samples, which in turn elevates diagnostic accuracy and the viability of treatment strategies. For example, Argon Medical, a medical device company based in the United States, unveiled the SuperCore Advantage semi-automatic biopsy in June 2023. The SuperCore Advantage is capable of securing up to 35% additional samples compared to its top competitors, thereby diminishing the necessity for numerous runs during biopsies. This capability is integral for accumulating sufficient tissue samples requisite for accurate diagnosis.
Which Key Market Segments Comprise the Interventional Oncology Devices Market and Drive Its Revenue Growth?
The interventional oncology devices market covered in this report is segmented –
1) By Product: Embolization Devices, Ablation Devices, Support Devices
2) By procedure: Thermal Tumor Ablation, Non-Thermal Tumor Ablation, Transcatheter Arterial Chemoembolization (TACE), Transcatheter Arterial Radioembolization (TARE), Selective Internal Radiation Therapy (SIRT), Transcatheter Arterial Embolization (TAE), Bland Embolization
3) By Cancer Type: Liver Cancer, Kidney Cancer, Lung Cancer, Bone Cancer, Other Cancer Types
Subsegments:
1) By Embolization Devices: Embolic Agents, Catheters For Embolization, Delivery Systems For Embolic Agents
2) By Ablation Devices: Radiofrequency Ablation Devices, Microwave Ablation Devices, Cryoablation Devices, Laser Ablation Devices
3) By Support Devices: Imaging Guidance Systems, Access Devices, Fluid Management Systems
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Which Areas Are Leading Regions in the Interventional Oncology Devices Market Expansion Across the Globe?
North America was the largest region in the interventional oncology devices market in 2024. Asia-Pacific was the second largest region in the global interventional oncology devices market report. The regions covered in the interventional oncology devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Are the Strategic Trends Steering theInterventional Oncology Devices Market Direction?
Significant firms are zeroing in on employing robotics technology in interventional oncology apparatus for improved efficiency. The system combines image-guided planning and direction with the attachment of various tools to the required body region with greater accuracy and effectiveness. As an illustration, Quantum Surgical’s Epione interventional oncology robotics platform received approval from the U.S. Food and Drug Administration in March 2022.
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How Is the Interventional Oncology Devices Market Conceptually Defined?
Interventional oncology devices refer to medical tools and technologies used to diagnose and treat cancer through minimally invasive procedures. They are used to target tumors directly, delivering treatments like ablation or embolization while minimizing damage to surrounding healthy tissue.
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