NEWARK, Del, March 12, 2024 (GLOBE NEWSWIRE) -- The global interventional radiology products market is expected to reach US$ 23.9 billion by 2024. By 2034, the market is projected to reach US$ 48.8 billion, rising at a 7.4% CAGR. A dynamic industry that has seen substantial growth in recent years, Interventional Radiology (IR) is one of the most rapidly evolving fields. The advancements in technology and the development of innovative techniques have significantly influenced the future.
Innovations in technology are expected to shape the future of IR. A number of emerging technologies are poised to significantly impact the field of technology, including augmented reality, robotics, virtual reality, and artificial intelligence (AI). Interventional radiologists can benefit from these technologies through enhanced procedural accuracy, improved patient outcomes, and expanded scope of practice.
Request A Sample Copy of This Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-19183
Innovations in IR will improve efficiency and effectiveness in the future as new procedures and techniques are developed. Several techniques may improve patient outcomes, including endovascular repair, embolotherapy, and interventional oncology.
Imaging technologies greatly enhance the guidance of interventional procedures. Imaging technologies will continue to advance in IR, including MRI machines, ultrasound equipment, angiography systems, CT scanners, and fluoroscopy equipment. Through these technologies, image quality will continue to improve, procedural planning will be enhanced, and real-time guidance will be enabled during interventions.
Interventional radiology is expanding its scope of practice. Interventional radiologists are researching new applications and therapeutic approaches and improving existing procedures and techniques. A wider range of medical conditions will be addressed by interventional radiologists, and minimally invasive surgery will be offered as an alternative to traditional surgery.
Key Takeaways from the Market Study:
- Stents are projected to record a CAGR of 7.2% from 2024 to 2034.
- A 7.7% CAGR is expected for the United States between 2024 and 2034.
- A compound annual growth rate of 6% is expected between 2024 and 2034 for the United Kingdom market.
- A US$ 8 billion is predicted to be generated by China by 2034.
- A CAGR of 6.9% is expected for the cardiology segment by 2034.
“Imaging technologies and technological advancements are expected to drive demand for interventional radiology products. Minimally invasive procedures and a rising regulatory environment will likely drive the interventional radiology products market.” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).
Act Now to Explore In-Depth Market Analysis: Purchase Now to Access Comprehensive Reports: https://www.futuremarketinsights.com/checkout/19183
Interventional Radiology Products Market Report Scope:
| Attributes | Details | ||
| Estimated Market Size in 2024 | US$ 23.9 billion | ||
| Projected Market Valuation in 2034 | US$ 48.8 billion | ||
| Value-based CAGR 2024 to 2034 | 7.4% | ||
| Forecast Period | 2024 to 2034 | ||
| Historical Data Available for | 2019 to 2023 | ||
| Market Analysis | Value in US$ billion | ||
| Key Regions Covered |
| ||
| Key Market Segments Covered |
| ||
| Key Countries Profiled |
|
| |
| Key Companies Profiled |
| ||
Competitive Landscape:
The competitive landscape of the interventional radiology products market is extremely competitive due to technological innovations, strategic partnerships, and market consolidation.
- In March 2023, the TRAVELERTM Portal Vein Access Series will be the latest addition to Argon Medical Device's portfolio of portal vein access products for interventional radiology, vascular surgery, interventional cardiology, and oncology. Physicians performing Transjugular Intrahepatic Portosystemic Shunts (TIPS) will benefit from the product line as it meets their challenging needs.
- In December 2023, RenovoRx, Inc., which develops novel precision oncology therapies through local drug delivery, submitted a clinical data abstract to the 2024 Society of Interventional Radiology (SIR) Annual Scientific Meeting, which took place on March 23-28 in Salt Lake City, Utah. The abstract highlighted the Company’s lead product candidate, RevoGem, and its proprietary Trans-Arterial Microperfusion (TAMP) platform to treat Locally Advanced Pancreatic Cancer (LAPC), a difficult-to-access solid tumor.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-19183
Interventional Radiology Product - Key Segments
By Type:
- Stents
- Catheters
- Inferior Vena Cava (IVC) Filters
- Embolization Devices
- Thrombectomy Systems
- Angioplasty Balloons
- Biopsy Needles
- Hemodynamic Flow Alteration Devices
- Accessories
- Other
By Application:
- Cardiology
- Oncology
- Gastroenterology
- Neurology
- Orthopedics
- Urology and Nephrology
- Others
By End User:
- Hospitals
- Clinics
- Home Care Settings
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
Explore FMI’s related ongoing Coverage in the Healthcare Market Insights Domain:
Nonvascular Interventional Radiology Devices Market Size: The nonvascular interventional radiology devices market share leads to an approximate CAGR of 6% in the global market during the forecast period. Speaking of which, the global market is valued at a revenue of US$ 24.9 Billion in 2022, and is expected to cross US$ 44.5 Billion by 2032.
Vascular Imaging Systems Market Share: The vascular imaging systems market is expected to be valued at US$ 34.20 billion by 2032. The market is expected to grow at a CAGR of 4.8% during the period 2022-2032, and as of 2022, the market is valued at US$ 21.4 billion.
Hemodialysis and Peritoneal Dialysis Market Growth: The hemodialysis and peritoneal dialysis market is poised for an evolutionary journey, extending its influence well into 2034 and beyond. The adoption of hemodialysis and peritoneal dialysis is estimated to stand at US$ 104.3 billion in 2024. The market is projected to exceed a valuation of US$ 245 billion by 2034.
Nuclear Imaging Equipment Market Trends: The sales of nuclear imaging equipment are estimated to evolve at a CAGR of 5.4% between 2024 and 2034. The nuclear imaging equipment market size is expected to expand from US$ 3 billion in 2024 to US$ 5.1 billion through 2034.
Aesthetic Medical Device Market Outlook: The aesthetic medical device market is valued at US$ 13.73 billion in 2024 and is projected to reach US$ 18.82 billion by 2034, exhibiting a CAGR of 3.20% over the forecast period.
Infusion Pump Market Overview: The infusion pump market is expected to expand at a CAGR of 7.2% over the projected period. The market value is projected to increase from US$ 104.7 million in 2024 to US$ 209.8 million by 2034.
CTNG Testing Market Development: The CTNG testing market is projected to be worth US$ 1.8 billion in 2024. The market is anticipated to reach US$ 3.9 billion by 2034. The market is further expected to surge at a CAGR of 8.0% during the forecast period 2024 to 2034.
GLP-1 Receptor Agonist Market Strategy: The GLP-1 receptor agonist market is projected to be valued at US$ 23,854.53 million in 2024 and is expected to rise to US$ 72,127.79 million by 2034. It is expected to grow at a CAGR of 11.7% during the market forecast period.
Disposable Spinal Instrument Market Demand: The disposable spinal instrument market is expected to develop at a CAGR of 7.2% during the projected period. The market value is projected to increase from US$ 70.4 million in 2024 to US$ 141.1 million by 2034.
Ultrasound Conductivity Gel Market Forecast: The ultrasound conductivity gel market is estimated to be worth US$ 321.7 million in 2024. The market is expected to grow at a CAGR of 6.7% from 2024 to 2034. By the end of the forecast period, the market value is predicted to hit US$ 615.3 million.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
