Interventional Radiology Product Trends and Forecast
The future of the global interventional radiology product market looks promising with opportunities in the cardiology, urology & nephrology, oncology, gastroenterology, neurology, and orthopedics markets. The global interventional radiology product market is expected to reach an estimated $16.5 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are advantages of minimally invasive procedures over traditional open surgeries encompass enhanced safety, reduced scarring, and quicker recovery, increasing incidence of chronic illnesses and an aging population, and growing emphasis on the creation of smart/digital inhalers, soaring healthcare costs, and growing need for painless medication delivery.Interventional Radiology Product by Segment
The study includes a forecast for the global interventional radiology product by type, procedure, application, and region.Interventional Radiology Product Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Catheters
- Stents
- Inferior Vena Cava Filters
- Hemodynamic Flow Alteration Devices
- Angioplasty Balloons
- Thrombectomy Systems
- Embolization Devices
- Biopsy Needles
- Accessories
Interventional Radiology Product Market by Procedure [Shipment Analysis by Value from 2018 to 2030]
- Angioplasty
- Angiography
- Embolization
- Thrombolysis
- Biopsy & Drainage
- Vertebroplasty
- Nephrostomy
Interventional Radiology Product Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Cardiology
- Urology & Nephrology
- Oncology
- Gastroenterology
- Neurology
- Orthopedics
- Others
Interventional Radiology Product Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Interventional Radiology Product Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies interventional radiology product companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the interventional radiology product companies profiled in this report include-- Abbott
- Medtronic
- Boston Scientific
- Becton Dickinson and Company
- Terumo Medical
Interventional Radiology Product Market Insights
The publisher forecasts that stents will remain the largest segment over the forecast period due to escalating prevalence of cardiac ailments and cancer, coupled with the global surge in angioplasty procedures.Within this market, cardiology will remain the largest segment due to growing global elderly population and rising CVD prevalence.
Features of the Global Interventional Radiology Product Market
- Market Size Estimates: Interventional radiology product market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Interventional radiology product market size by type, procedure, application, and region in terms of value ($B).
- Regional Analysis: Interventional radiology product market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, procedure, application, and regions for the interventional radiology product market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the interventional radiology product market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the interventional radiology product market size?Answer: The global interventional radiology product market is expected to reach an estimated $16.5 billion by 2030.
Q2. What is the growth forecast for interventional radiology product market?
Answer: The global interventional radiology product market is expected to grow with a CAGR of 6.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the interventional radiology product market?
Answer: The major drivers for this market are advantages of minimally invasive procedures over traditional open surgeries encompass enhanced safety, reduced scarring, and quicker recovery, increasing incidence of chronic illnesses and an aging population, and growing emphasis on the creation of smart/digital inhalers, soaring healthcare costs, and growing need for painless medication delivery.
Q4. What are the major segments for interventional radiology product market?
Answer: The future of the interventional radiology product market looks promising with opportunities in the cardiology, urology & nephrology, oncology, gastroenterology, neurology, and orthopedics markets.
Q5. Who are the key interventional radiology product market companies?
Answer: Some of the key interventional radiology product companies are as follows:
- Abbott
- Medtronic
- Boston Scientific
- Becton Dickinson and Company
- Terumo Medical
Answer: The publisher forecasts that stents will remain the largest segment over the forecast period due to escalating prevalence of cardiac ailments and cancer, coupled with the global surge in angioplasty procedures.
Q7. In interventional radiology product market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to existence of prominent participants in the area.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the interventional radiology product market by type (catheters, stents, inferior vena cava filters, hemodynamic flow alteration devices, angioplasty balloons, thrombectomy systems, embolization devices, biopsy needles, and accessories), procedure (angioplasty, angiography, embolization, thrombolysis, biopsy & drainage, vertebroplasty, and nephrostomy), application (cardiology, urology & nephrology, oncology, gastroenterology, neurology, orthopedics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Interventional Radiology Product Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abbott
- Medtronic
- Boston Scientific
- Becton Dickinson and Company
- Terumo Medical
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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