Interventional Oncology Devices Market Forecast and Analysis: Key Insights into Growth, Trends, and Emerging Opportunities
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How Will the Growth Rate of the Interventional Oncology Devices Market Shape Industry Trends by 2034?
The interventional oncology devices market has grown significantly in recent years. It will grow from $2.39 billion in 2025 to $2.52 billion in 2025, at a CAGR of 5.3%. This growth is attributed to an aging population, increased cancer prevalence, higher pharmaceutical R&D spending, rising healthcare expenditure, and a growing number of healthcare facilities.
The interventional oncology devices market is expected to see strong growth, reaching $3.34 billion by 2029 at a CAGR of 7.3%. Growth drivers include an aging population, a preference for minimally invasive surgeries, increased research and development spending, rising healthcare expenditure, and growing cancer and chronic disease prevalence. Trends in this market will focus on developing advanced image-guided devices, utilizing AI for innovation, and enhancing robotics and device collaboration for faster product development.
Which Macro and Microeconomic Factors Are Accelerating the Growth of the interventional oncology devices Market?
Companies in the interventional oncology devices market are focusing on technologies like tissue volume to improve diagnostic accuracy and treatment efficacy. Tissue volume, or the amount of biological tissue obtained during a biopsy, is crucial for accurate diagnoses. In June 2023, Argon Medical launched the SuperCore Advantage biopsy device, which collects up to 35% more samples than competitors, improving diagnostic accuracy.
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Who Are the Key Market Players Influencing the Growth of the Interventional Oncology Devices Industry?
Major companies operating in the interventional oncology devices market include:
• Boston Scientific Corporation_x000D_
• Terumo Corporation_x000D_
• Siemens Healthineers_x000D_
• Sirtex Medical Limited_x000D_
• Henlius_x000D_
What Key Market Trends Are Shaping the Future of the Interventional Oncology Devices Industry?
Robotics technology is increasingly being used in interventional oncology devices to improve accuracy and efficiency. For instance, in March 2022, the FDA approved Quantum Surgical’s Epione interventional oncology robotics platform, which integrates image-based planning with instrument installation for improved outcomes.
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What Are the Core Segments of the Interventional Oncology Devices Market, and How Do They Contribute to 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
Which Regions Are Emerging as Leaders in the Interventional Oncology Devices Market?
North America was the largest region in the interventional oncology devices market in 2025. 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 Defines the Scope of the Interventional Oncology Devices Market?
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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