2152 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers Contributing to the Growth and Expansion of the Interventional Radiology Market?

The increasing prevalence of cancer is expected to drive the growth of the interventional radiology market. Interventional radiology techniques such as ablation and embolization are used to treat cancer. According to the Australian Institute of Health and Welfare, cancer diagnoses in Australia increased from 160,570 cases in 2022 to 164,694 in 2023. This rising incidence of cancer is likely to fuel the demand for interventional radiology procedures.

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#What is the Projected CAGR for the Interventional Radiology Market Size from 2025 to 2034?

The interventional radiology market has grown rapidly in recent years. It will increase from $26.74 billion in 2024 to $30.25 billion in 2025, at a compound annual growth rate (CAGR) of 13.1%. The growth is driven by the aging population, the increasing prevalence of chronic diseases, the adoption of telehealth services, advancements in radiation safety, and the rise of minimally invasive procedures.

The interventional radiology market is projected to grow rapidly, reaching $49.01 billion by 2029 at a CAGR of 12.8%. Growth drivers include improvements in healthcare infrastructure, the adoption of genomic medicine, increased use of interventional radiology, supportive regulations, and enhanced patient awareness. Trends include focused ultrasound adoption, pediatric interventional radiology, point-of-care imaging, patient navigation tools, and catheter robotics.

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What New Market Trends Are Reshaping theInterventional Radiology Market and Its Opportunities?

Artificial Intelligence is becoming a significant trend in the interventional radiology market. Companies are introducing AI technologies to stay competitive in the sector. For example, in June 2022, Shimadzu Medical Systems, a US-based company, launched the Trinias angiography system, which uses AI to assist various interventional procedures such as cardiology and oncology, offering advanced diagnostic and treatment options for heart diseases.

Who Are the Leading Market Players Fueling Growth in the Interventional Radiology Market Trend?

Major companies operating in the interventional radiology market include Carestream Health Inc., Siemens Aktiengesellschaft, Koninklijke Philips N.V., General Electric Company, Hitachi Ltd., Canon Medical Systems Corporation, Toshiba Medical Systems, Medtronic plc, Shimadzu Corporation, FUJIFILM Holdings Corporation, Hologic Inc., Agfa-Gevaert N.V., Esaote S.p.A., Samsung Medison Co. Ltd., Cook Group Incorporated, Stryker Corporation, Abbott Laboratories, AngioDynamics Inc., B. Braun Melsungen AG, Cardinal Health Inc., C. R. Bard Inc., Terumo Corporation, Merit Medical Systems Inc., Penumbra Inc., BTG International Ltd., Guerbet Group, Medrad Inc., MicroPort Scientific Corporation, Neusoft Medical Systems Co. Ltd., Nordion Inc.

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How is the Global Interventional Radiology Market Segemented?

The interventional radiology market covered in this report is segmented –

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

Subsegments:

1) By MRI (Magnetic Resonance Imaging): Closed MRI Systems, Open MRI Systems, Extremity MRI Systems,

2) By Ultrasound Imaging: Portable Ultrasound Systems, Diagnostic Ultrasound Systems, 3D/4D Ultrasound Systems

3) By CT Scanners: Multi-slice CT Scanners, Cone Beam CT Scanners, Dual-energy CT Scanners

4) By Angiography Systems: Digital Subtraction Angiography (DSA) Systems, Mobile Angiography Systems, Hybrid Angiography Systems

5) By Fluoroscopy Systems: Fixed Fluoroscopy Systems, Mobile Fluoroscopy Systems, C-arm Fluoroscopy Systems

6) By Biopsy Devices: Needle Biopsy Devices, Vacuum-Assisted Biopsy Devices, Stereotactic Biopsy Devices

7) By Other Products: Contrast Agents, Surgical Navigation Systems, Interventional Accessories

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Which Geographics are Influencing the Growth of the Interventional Radiology Market?

North America was the largest region in the interventional radiology global market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the interventional radiology market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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