Interventional Radiology Market Analysis

Interventional Radiology Market Analysis

Interventional radiology market from the ultrasound imaging systems product segment is anticipated to exhibit 4.5% CAGR from 2022 to 2030. Ultrasound systems are used for sonography procedures and the diagnosis of other imaging modalities. These include technologies such as bone sonometry, abdominal ultrasound, and breast ultrasound. Since ultrasound imaging systems do not emit any radiation, they also demonstrate benefits such as high efficacy and safety, bolstering the product adoption.
 

Interventional Radiology Market from the oncology application segment is projected to reach over USD 10 billion by 2030. Growing occurrence of cancer in addition to supportive government initiatives to spread awareness for early detection of the disease are among the major factors promoting the use of advanced diagnostic tests. Interventional oncology uses targeted minimally invasive procedures to facilitate the treatment of cancer and related disorders by using imaging devices. Clinical advantages such as these will thus make interventional radiology a preferred diagnostic method for various oncological conditions.
 

The interventional radiology market from the ambulatory surgical centers end-use segment is expected to be worth over USD 6 billion by 2030. Rising occurrence of acute diseases and the growing need for urgent attention from healthcare professionals has increased the development of ambulatory surgical centers (ASCs). The ease of receiving therapy in these facilities supports the adoption of advanced diagnostic and treatment methods.
 

As interventional radiology procedures are minimally invasive, ASC can utilize them in operations such as port deployments to provide chemotherapy for cancer patients. They can also offer the diagnosis and treatment of peripheral artery diseases to enhance blood flow to the legs, further contributing to product consumption.
 

Europe interventional radiology market is projected to depict over 5% CAGR from 2022-2030. This is credited to the rising number of cardiovascular disease patients in the region. In Germany, the mortality rate from cardiovascular and chronic diseases is around 40% among adult and geriatric patients.
 

Based on a study published in a journal issued by the Environmental Research and Public Health, over 64.3% of male and 32.7% of female patients diagnosed by MRI and CT scans were cured using minimally invasive methods, including interventional radiology. The growing occurrence of CVD, in addition to increasing preference for minimally invasive operations, will augment the regional market size.