Medical Equipment

Interventional Radiology Market Outlook 2026–2035 Driven by Key Growth Factors and Industry Projections

March 12, 2026March 12, 2026 by Marketing Posting

The Business Research Company’s 2026 market reports include new capabilities such as market attractiveness scoring and analysis, total addressable market analysis, company scoring matrix, interactive excel data dashboard, improved supply chain analysis, upcoming startups in the market, and overview of key products, aimed at improving the depth, usability, and strategic value of the insights delivered.

What Is The Estimated Market Size Of The Interventional Radiology Market During 2026–2030?

The interventional radiology market has experienced substantial expansion in recent years. Forecasts indicate it will expand from $29.98 billion in 2025 to reach $33.94 billion by 2026, achieving a compound annual growth rate (CAGR) of 13.2%. Historically, this growth can be ascribed to several factors, including a greater incidence of chronic vascular diseases, the wider embrace of minimally invasive treatment methods, enhancements in hospital imaging facilities, the increased application of catheter-based interventions, and advancements in diagnostic imaging technologies.

The interventional radiology market is projected for significant growth over the next few years, with its valuation expected to reach $54.31 billion by 2030, driven by a compound annual growth rate (CAGR) of 12.5%. This expansion during the forecast period is largely due to factors such as increasing demand for precise oncology interventions, rising investments in advanced imaging systems, the broadening of interventional radiology training programs, greater utilization of image-guided therapies, and a growing preference for outpatient interventional procedures. Furthermore, significant trends anticipated in this period include the increasing adoption of image-guided minimally invasive techniques, rising 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 procedure accuracy and patient outcomes.

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Which Major Factors Are Driving The Expansion Of The Interventional Radiology Market?

The anticipated expansion of the interventional radiology market in upcoming years is linked to the rising incidence of cancer. Globally, cancer presents a significant health challenge, ranking as the second primary cause of mortality within the United States. Various methods, including ablation, embolization, and irreversible electroporation (IRE), are employed in interventional radiology for addressing cancer and cardiovascular conditions. An illustrative example comes from July 2024, where data from the Australian Institute of Health and Welfare, a government agency located in Australia, showed that cancer diagnoses in Australia grew from 160,570 in 2022 to 164,694 in 2023, indicating a considerable year-over-year increase. Consequently, the expanding occurrence of cancer acts as a catalyst for the interventional radiology market’s development.

How Are The Various Segments Of The Interventional Radiology Market Categorized?

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

What Trends Are Affecting The Expansion Of The Interventional Radiology Market?

Leading companies within the interventional radiology market are innovating new technological products, such as the AI-powered Viz Radiology Suite, to increase their profitability. The AI-powered Viz Radiology Suite is an advanced radiology workflow platform created by Viz.ai, utilizing artificial intelligence to analyze medical images and assist in clinical decision-making. As an illustration, 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 incorporates an AI-enhanced “AutoRight PLUS” image chain that automatically optimizes seven imaging parameters in real time. This technology improves image quality, enhances visualization, and helps control radiation dose during interventional radiology procedures, enabling faster and more efficient clinical decision-making.

Which Major Firms Influence Developments 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 Region Currently Holds The Largest Share Of 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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