About Interventional Oncology
Interventional oncology, most rapidly growing procedures for diagnosis and treatment of cancer with the help of interventional radiology and minimally invasive procedures that are conducted under image guidance. The process utilizes various equipment including x-ray, ultrasound, computed tomography, or magnetic resonance imaging for guidance purposes. The procedures are carried out using numerous guide accessories and instruments such as ablation electrodes, guidewires, biopsy needles, and intravascular catheters that enable the treatment of a tumor situated in remote parts of the body.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 6.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Interventional Oncology market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BTG plc (United Kingdom), Medtronic (Ireland), Boston Scientific (United States), Terumo (Japan), Merit Medical (United States), Sirtex (China), AngioDynamics (United States), Ethicon (United States), Teleflex (United States), Cook Medical (United States), HealthTronics (United States), MedWaves Medical (United States), Sanarus (United States), IMBiotechnologies (Canada), Trod Medical (United States), IceCure Medical (Israel) and Mermaid Medicals (Denmark) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Guerbet (France), ABK Biomedical (Canada), Shape Memory Medical (United States), Endo Shape (United States), Monteris Medical (United States), Interface Biomaterials BV (Netherlands), Instylla (United States) and Trisalus Lifesciences (United States).
Segmentation Overview
AMA Research has segmented the market of Global Interventional Oncology market by and Region.
On the basis of geography, the market of Interventional Oncology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Cancer Type, the sub-segment i.e. Lung Cancer will boost the Interventional Oncology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Procedure Type, the sub-segment i.e. Ablation (Thermal Tumor Ablation, Non-Thermal Tumor Ablation ) will boost the Interventional Oncology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Interventional Oncology and Personalized Or Precision Interventional Oncology
Market Growth Drivers:
Rising Patient Preference for Minimally Invasive Procedures, Expansion of the Target Patient Population and Increasing Public-Private Funding and Government Support for Interventional Oncology
Challenges:
Limited Clinical Data to Support Therapeutic Efficacy and Strong Market Positioning of Alternative Therapies
Restraints:
Dearth of Well-Trained and Skilled Radiologists and Oncologists and Unfavorable Regulations
Opportunities:
Emerging Economies Offer High Growth Potential and Rising Awareness About the Benefits of Interventional Oncology
Market Leaders and their expansionary development strategies
In July 2020, Terumo Corporation (TSE: 4543) today announced it has completed the acquisition of Quirem Medical B.V., a Netherlands-based healthcare startup specializing in the development of next-generation microspheres for Selective Internal Radiation Therapy (SIRT), a treatment for liver tumors.The acquisition of Quirem Medical further strengthens our business, expands on our manufacturing and clinical development activities, and complements our comprehensive suite of offerings to support our customers.
In April 2021, Terumo is proud to announce the launch of its Global Therapeutic Interventional Oncology team. This reflects Terumo's aspiration to be a Global leader in the field of Interventional Oncology by focusing on improving patient's quality of life and survival.
Key Target Audience
Cancer Drug Manufacturers, Drug Distributor/Suppliers, Research Organizations, Government Regulatory Body and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.