Global Interventional Radiology Devices Market Overview:
Image-guided surgery seems to be what interventional radiology is all about. Interventional radiologists guide their procedures with diagnostic imaging tools such as CT, ultrasound, MRI, and fluoroscopy. The majority of interventional procedures avoid open and laparoscopic (keyhole) surgery in favour of minimally invasive alternatives. Interventional radiology employs imaging tools such as embolization devices to provide minimally invasive medical diagnosis and treatment. The rising prevalence of chronic diseases, the growing geriatric population, and the growing demand for minimally invasive surgeries are the primary market drivers.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Interventional Radiology Devices Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increase in the Prevalence of Chronic Disease
- Growing Geriatric Population
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Restraints | - Stringent Government Regulations Regarding Interventional Radiology
- Lack of Skilled Medical Professionals
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Road Blocks / Challenges | - Rising Demand for Interventional Radiology Owing to Increasing Incidence of Cancer
- Growing Healthcare Infrastructure in the Developing Economies
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Gaps & Opportunities | - Rising Demand for Interventional Radiology Owing to Increasing Incidence of Cancer
- Growing Healthcare Infrastructure in the Developing Economies
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Competitive Landscape:
The market for Interventional Radiology Devices is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Some of the key players profiled in the report are Abbott (United States), B. Braun (Germany), Boston Scientific (United States), Koninklijke Philips (Netherlands), Cardinal Health (United States), Medtronic (Ireland), Alvimedica (Turkey), Guerbet (France), Angiodynamics (United States), Balton (Poland) and Brosmed Medical (China). Additionally, following companies can also be profiled that are part of our coverage like Biosensors (Switzerland), Biotronik (Germany), Cook Medical (United States) and Endocor (Germany). Analyst at AMA Research see United States Players to retain maximum share of Global Interventional Radiology Devices market by 2027. Considering Market by Sales Channel, the sub-segment i.e. Direct Channel will boost the Interventional Radiology Devices market. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Interventional Radiology Devices market.
Latest Market Insights:
On 7 March 2022, Guerbet, a global leader in medical imaging, announces it will more than double its line of microcatheters and launch a new line of guidewires, resulting in a broad range of interventional imaging and embolization solutions available. and On 18 April 2022, Royal Philips and Oulu University Hospital (Finland) have announced a strategic 10-year partnership agreement to support the hospital’s ambitious OYS2030 renewal program. The program
On 7 March 2022, Guerbet, a global leader in medical imaging, announces it will more than double its line of microcatheters and launch a new line of guidewires, resulting in a broad range of interventional imaging and embolization solutions available. and On 18 April 2022, Royal Philips and Oulu University Hospital (Finland) have announced a strategic 10-year partnership agreement to support the hospital’s ambitious OYS2030 renewal program. The program
What Can be Explored with the Interventional Radiology Devices Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Interventional Radiology Devices Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Interventional Radiology Devices
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Interventional Radiology Devices market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Interventional Radiology Devices market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Interventional Radiology Devices Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.