by The global Interventional Radiology market for the historical period 2017–2018 and forecast period 2019–2027, high incidence of cancer, awareness programs by governments and NGOs, increase in maternal age and late pregnancies are projected to drive the global Interventional Radiology market during the forecast period
According to the report, the global Interventional Radiology market was valued at US$ 16.36 Bn in 2018 and is anticipated to expand at a CAGR of 5.2% from 2019 to 2027
Get the sample copy of report@ https://qyresearchmedical.com/sample/111708
Rising Prevalence of Cancer and cardiovascular disorders and Technological Advancement: Key Drivers
Interventional radiology involves the use of medical imaging to see inside the body and minimally invasive techniques to diagnose and treat cancer. According to National Cancer Institute, in 2018 around 1,735, 350 new cases of cancer was estimated to be diagnosed in the U.S.
Governments of various countries, including developed and developing nations such as the U.S., Sweden, Norway, and India, encourage patient to opt for more effective interventional radiology techniques for diagnosis of cancer.
With the evolution of new techniques such as optical coherence tomography (OCT) and fractional flow reserve (FFR) technique for stenting patients with multi-vessel disease, likely to drive the interventional radiology market in the forecast period. Moreover, rising prevalence of cardiology disorder is expected to boost adoption of interventional radiology devices
According to the American Heart Association, in 2018, about 92.1 million U.S. adults were living with some form of a cardiovascular disease or after-effects of stroke
In April 2015, Philips launched innovative 3D navigation system to enhance minimally invasive treatment of vascular diseases. It can be used with interventional X-ray systems, enhancing the precision and accuracy of stent placement, while at the same time significantly reducing contrast medium usage. These new technological advancements are expected to drive the market during the forecast period.
Wide Application Area of Interventional Radiology Systems Boost Market Growth
Interventional radiology has wide application areas such as angiography, angioplasty & stent placement, cancer, balloon angioplasty, and vertebroplasty-kyphoplasty. According to the Journal of American College of Cardiology, imaging techniques are utilized in 70% of the coronary angioplasties performed across the world.
Hence, increase in the number of applications is likely to fuel the growth of the interventional radiology market during the forecast period.
Low Adoption of Digital Technology-based Systems to Hamper Market
High cost of digital radiology devices such as X-ray systems, MRI scanners, and CT scanners was a major restraint of the market in emerging countries. In these regions, complementary systems such as ultrasound were deployed instead of the costly digital radiology devices.
Moreover, even after paying a premium price for high resolution closed system MRI equipment, growth was mediocre due to high number of claustrophobic patients. These factors have resulted in lower adoption of premium devices, thereby leading to ordinary growth of the medical imaging equipment market globally.
Global Interventional Radiology Market: Competitive Landscape
This report profiles major players in the global interventional radiology market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global interventional radiology market is highly fragmented, with the presence of a number of international as well as regional players
Leading players operating in the global interventional radiology market are
- Agfa-Gevaert Group.,
- FUJIFILM Holdings Corporation,
- GE Healthcare,
- Hitachi Medical Corporation,
- Hologic, Inc.,
- Medtronic , Inc.,
- Koninklijke Philips
- N.V., Siemens,
- Teleflex Incorporated
- CANON MEDICAL SYSTEMS CORPORATION
Key Questions Answered in Global Interventional Radiology Market Report
- What is the scope of growth of product companies in the global Interventional Radiology market?
- What will be the Y-o-Y growth of the global Interventional Radiology market between 2019 and 2027?
- What is the influence of changing trends in technologies on the global Interventional Radiology market?
- Will North America continue to be the most profitable market for Interventional Radiology providers?
- Which factors are anticipated to hamper the growth of the global Interventional Radiology market during the forecast period?
- Which are the leading companies in the global Interventional Radiology market?
Global Interventional Radiology Market – Segmentation
Product
- X-ray
- Computed Tomography (CT)
- Magnetic Resonance Imaging (MRI)
- Ultrasound
Application
- Angiography
- Balloon Angioplasty
- Embolization
- Biopsy
- Vertebroplasty-Kyphoplasty
- RF Ablation
- Others
End-user
- Hospitals
- Catheterization Labs
- Ambulatory Surgical Centers
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Purchase Complete Report Now@ https://qyresearchmedical.com/report/checkout/111708/2900
