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The interventional radiology market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

Read More On The Interventional Radiology Market Report 2022 – https://www.thebusinessresearchcompany.com/report/interventional-radiology-global-market-report

The Interventional Radiology Market Size In 2022 And Forecast

The global interventional radiology market is expected to grow from $17.57 billion in 2020 to $19.52 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The interventional radiology market is expected to reach $27.13 billion in 2025 at a CAGR of 8.7%.

The interventional radiology market consists of sales of interventional radiology products and related services by entities (organizations, sole traders, and partnerships) that deal with the diagnosis and treatment of patients using minimally invasive image-guided procedures.

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Increase In Prevalence Of Cancer Is Driving The Growth Of The Interventional Radiology Market

For instance, according to the American Cancer Society, there were 1,806,590 new cancer cases and 606,520 cancer deaths in 2020 in the USA. New cases of leukemia, lymphoma, and myeloma are expected to account for 9.9% of the estimated 178,520 new cases diagnosed in the USA in 2020 and in approximately every 3 minutes one person in the US is diagnosed with blood cancer. Hence, the increasing prevalence of cancer drives the growth of the interventional radiology market.

Competitive Landscape And The Regional Analysis Of The Interventional Radiology Market

Major players in the interventional radiology market are Carestream Health, Siemens AG, Koninklijke Philips N.V., General Electric Company, Hitachi Medical Corporation, Canon Medical Systems Corporation, Toshiba Medical Systems, Medtronic plc, Shimadzu Corporation, Fujifilm Holdings Corp, Hologic Inc., Agfa-Gevert N.V, Esaote S.P.A., and Samsung Medison.

The Interventional Radiology Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the interventional radiology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the interventional radiology market.

Implementating Illumination Rendering Technology – A Key Trend In The Interventional Radiology Market

Companies operating in the interventional radiology sector are continuously focusing on introducing new technologies to survive in the interventional radiology market.

Interventional Radiology Market Segmentation By The Business Research Company

1) By Product: MRI, Ultrasound Imaging, CT Scanners, Angiography Systems, Fluoroscopy Systems, Biopsy Devices, Others

2) By Procedure: Angioplasty, Angiography, Biopsy And Drainage, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy, Others

3) By Application: Oncology, Cardiology, Urology And Nephrology, Gastroenterology, Others

Here Are Some Reports Related To The Interventional Radiology Market –

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Interventional Cardiology Devices And Equipment Global Market Report 2022

Radiology As A Service Global Market Report 2022

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