Interventional Radiology Market Forecast: How Big Will It Be by 2030?
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Across 2026–2030, what is the expected market valuation path of the Interventional Radiology Market?
The interventional radiology market has seen rapid expansion in recent years. Its valuation is expected to rise from $29.98 billion in 2025 to $33.94 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 13.2%. The historical increase in this market can be attributed to the rising incidence of chronic vascular diseases, the increasing acceptance of minimally invasive treatment methods, the expansion of hospital imaging facilities, the growing application of catheter-based interventions, and enhancements in diagnostic imaging technologies.
The interventional radiology market is poised for significant expansion in the coming years. It is projected to grow to $54.31 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.5%. The market’s upward trajectory in the forecast period can be attributed to factors such as a heightened demand for precision oncology interventions, increased investments in advanced imaging systems, the broadening of interventional radiology training programs, the expanding application of image-guided therapies, and a rising preference for outpatient interventional procedures. Furthermore, key trends anticipated in this period encompass the increasing adoption of image-guided minimally invasive procedures, a greater integration of advanced imaging modalities, a growing need for precision-based interventional therapies, the expansion of hybrid operating room installations, and an enhanced focus on the accuracy of procedures and patient outcomes.
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Which Drivers Are Supporting The Rise Of The Interventional Radiology Market?
The growing prevalence of cancer is projected to fuel the expansion of the interventional radiology market in the foreseeable future. Recognized as a worldwide health concern, cancer stands as the second most common cause of mortality in the United States. Interventional radiology employs diverse methods, including ablation, embolization, and irreversible electroporation (IRE), for managing cancer and cardiovascular conditions. To illustrate, in July 2024, data from the Australian Institute of Health and Welfare, a government entity located in Australia, showed that in Australia, cancer diagnoses rose from 160,570 in 2022 to 164,694 in 2023, indicating a significant annual increment. Consequently, the rising occurrence of cancer is a key factor propelling the development of the interventional radiology market.
What Leading Segments Are Studied In The Interventional Radiology Market?
The interventional radiology market covered in this report is segmented –
1) By Product: Ultrasound Imaging, Angiography Systems, Fluoroscopy Systems, Biopsy Devices
2) By Procedure: Angioplasty, Angiography, Biopsy And Drainage, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy
3) By Application: Oncology, Urology And Nephrology, Gastroenterology
Subsegments:
1) By Ultrasound Imaging: Portable Ultrasound Systems, Diagnostic Ultrasound Systems, 3D/4D Ultrasound Systems
2) By Angiography Systems: Digital Subtraction Angiography (DSA) Systems, Mobile Angiography Systems, Hybrid Angiography Systems
3) By Fluoroscopy Systems: Fixed Fluoroscopy Systems, Mobile Fluoroscopy Systems, C-arm Fluoroscopy Systems
4) By Biopsy Devices: Needle Biopsy Devices, Vacuum-Assisted Biopsy Devices, Stereotactic Biopsy Devices
How Are New Market Trends Shaping The Landscape Of The Interventional Radiology Market?
Key companies operating in the interventional radiology market are developing new technological offerings, such as the AI-powered Viz Radiology Suite, to enhance their market profitability. The AI-powered Viz Radiology Suite is an advanced radiology workflow platform created by Viz.ai that utilizes artificial intelligence for analyzing medical images and supporting clinical decision-making. For instance, in October 2023, GE HealthCare, a U.S.-based medical technology company, obtained FDA 510(k) clearance for its Allia IGS Pulse system. This next-generation image-guided interventional platform features an AI-enhanced “AutoRight PLUS” image chain that automatically optimizes seven imaging parameters in real time. The technology improves image quality, enhances visualization, and aids in controlling radiation dose during interventional radiology procedures, leading to faster and more efficient clinical decision-making.
Which Major Firms Are Strengthening Their Position In The Interventional Radiology Market?
Major companies operating in the interventional radiology market are Carestream Health Inc., Siemens Aktiengesellschaft, Koninklijke Philips N.V., General Electric Company, Hitachi Ltd., Canon Medical Systems Corporation, Shimadzu Corporation, FUJIFILM Holdings Corporation, Hologic Inc., Agfa-Gevaert N.V., Esaote S.p.A., Samsung Medison Co. Ltd., Cook Group Incorporated, Medtronic plc, Abbott Laboratories, AngioDynamics Inc., B. Braun Melsungen AG, 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.
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Which Regions Are Poised For Strategic Growth In The Interventional Radiology Market?
North America was the largest region in the interventional radiology global market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the interventional radiology market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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