Dublin, June 15, 2023 (GLOBE NEWSWIRE) -- The "Interventional Radiology Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Interventional Radiology Systems estimated at US$22.8 Billion in the year 2022, is projected to reach a revised size of US$39.3 Billion by 2030, growing at a CAGR of 7% over the analysis period 2022-2030.
MRI Systems, one of the segments analyzed in the report, is projected to record a 8.1% CAGR and reach US$12.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Ultrasound Imaging Systems segment is readjusted to a revised 7.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 9% CAGR
The Interventional Radiology Systems market in the U.S. is estimated at US$7.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.1 Billion by the year 2030.
Select Competitors (Total 92 Featured) -
- Becton, Dickinson and Company
- Biosensor International Group Ltd
- Boston Scientific Corporation
- Canon Medical Systems Corporation
- Carestream Health
- Cook Group Incorporated
- Esaote SPA
- Fujifilm Holdings Corporation
- GE Healthcare
- Hologic Inc.
- Koninklijke Philips N.V.
- Medtronic Plc.
- Nipro Corporation
- Samsung Medison Co., Ltd.
- Shimadzu Corporation
- Siemens Healthineers AG
- Stryker Corporation
- Teleflex Incorporated
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 500 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $22.8 Billion |
| Forecasted Market Value (USD) by 2030 | $39.3 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession
- Living with COVID-19: The New Normal
- Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
- COVID Impact on Interventional Radiology Market
- Interventional Radiology Procedures Provide Care Support for COVID-19 Patients
- An Introduction to Interventional Radiology
- Types of Interventional Radiology
- Interventional Radiology Techniques for Specific Disorders
- Global Market Prospects & Outlook
- MRI Systems: The Largest Product Category
- Cardiology and Oncology: Leading Application Segments for IR Systems
- Developed Regions Lead, Developing Economies to Spearhead Future Growth
- Competition
- Interventional Radiology Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Significant Benefits of Interventional Radiology Systems Boost Adoption
- Increasing Prevalence and Incidence of Chronic Diseases Drives Need for Interventional Radiology Systems
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- World Diabetes and Population Statistics (2019, 2030 & 2045)
- Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
- Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
- Growing Preference for Minimally Invasive Procedures among Patients and Care Providers Augurs Well for the Market
- Global Minimally Invasive Surgery Market in US$ Billion for the Years 2020, 2022, 2024 and 2026
- Growing Emphasis on Early Diagnosis Drives Market for Interventional Radiology Systems
- An Aging Global Population and Subsequent Need for Healthcare Fuels Demand for IR Systems
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Driven by Rising Adoption of MRI Systems, IR Systems Market Poised for Strong Gains
- Promising Outlook for Interventional Ultrasound Systems
- CT-Guided Interventional Radiology Continues to Gain Prominence
- Role of Interventional Radiology in Cardiac Patients
- Interventional Angiography Systems: Growing Role in Cath Labs
- Hybrid 3D Printing Enables Interventional Cardiologists Perform Better Surgeries
- Vascular Interventional Radiology: An Overview
- Notable Trends in the Interventional Radiology Market to Spur Market Prospects
- Emergence of New Imaging Modalities
- Fusion Imaging: Potential for Growth
- Artificial Intelligence Providing Major Opportunities
- AI Holds Tremendous Potential in Interventional Radiology
- Robotics Witnesses Increased Proliferation in IR
- Increased Use of Augmented Reality
- Hybrid CT Fluoroscopy in IR to Witness Increased Utilization
- Refurbished Interventional Radiology Systems Find Increased Acceptance
- Improving Healthcare Expenditure Bodes Well for Market Growth
- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/r71r42
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