Interventional radiology involves performing surgical and diagnostic procedures with image guidance. Interventional radiology procedures are generally classified into two types, namely, percutaneous procedures and endovascular procedures. Advent of minimally invasive procedures, their favorable outcomes, and corresponding growth in demand for such procedures are driving the growth of Interventional Radiology Products Market. Minimally invasive procedures are observed to be more effective in treating conditions as against traditional procedures and inure low cost, have less hospital stay, improved comfort and lower risk of infection. The need for readmission from minimally invasive procedures is also less. Image guided minimally invasive surgeries are being increasingly adopted in treating conditions that were previously mandated only for conventional open surgeries. Trauma is one such area where interventional radiology is experiencing phenomenal adoption.
The field of interventional radiology has swiftly advanced to become a subspecialty. Market players in this industry have involved in merger and acquisitions strategies, enabling companies to expand their international presence along with business area. In addition, exchange of technologies and R&D processes is also prominent among the market players. Therefore, M&A activities, partnerships and collaborations are the key strategies expected to continue through the forecast period.
The global interventional radiology products market was valued at US$ 8,888.2 million in 2021 and expected to reach US$ 13,373.6 million by 2030, expanding at a CAGR of 4.6% from 2022 to 2030.
The prevailing dynamics in the global interventional radiology products market are studied based on the drivers, challenges, opportunities, attractive investment proposition and market dynamics. The market dynamics studied in the report give insights on the positive aspects and pain points prevalent in the market. Major players in this industry are also scrutinized in terms of business description, financial information, product portfolio and key developments. The prominent market players profiled in this report include GE Healthcare, Siemens AG, Koninklijke Philips N.V., Carestream Health, Hologic, Inc., Shimadzu Corporation, Hitachi Medical Systems, Cardinal Health, Inc., Fujifilm Holdings Corporation, Medtronic plc., Teleflex Incorporated, Toshiba Medical Systems Corporation and C. R. Bard.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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The field of interventional radiology has swiftly advanced to become a subspecialty. Market players in this industry have involved in merger and acquisitions strategies, enabling companies to expand their international presence along with business area. In addition, exchange of technologies and R&D processes is also prominent among the market players. Therefore, M&A activities, partnerships and collaborations are the key strategies expected to continue through the forecast period.
The global interventional radiology products market was valued at US$ 8,888.2 million in 2021 and expected to reach US$ 13,373.6 million by 2030, expanding at a CAGR of 4.6% from 2022 to 2030.
Catheters and Guidewires to Occupy the Largest Revenue Share
The standard devices used in guided interventions cannot be used in interventional radiology due to their ferromagnetic components and conducting materials, resulting in risk of radiofrequency-induced heating. Many of the catheters, and balloons available in the market are not yet CE or FDA market for MRI guidance. The interventional radiology specialty is still restricted from the lack of appropriate radiology compatible instruments. Nylon, polyester, aramid and other fibers are viewed as viable solutions for the construction of fiber-braided catheters with improved properties. The magnetic resonance electrophysiology catheter developed from nylon braided tubing; is demonstrated to have better mechanical properties than conventional catheters. Such fiber-reinforced catheters therefore possess the potential to be used as a superior solution in radiological interventions. Several catheter developments for MR are being reported in the market. Companies are increasingly developing interest in developing interventional radiology catheters for procedures such as cardiac electrophysiology, renal and cardiac ablation catheters deflectable catheters and tracking catheters.Angioplasty and Angiography Spearhead the Global Market, Attributed to High Procedure Rate
Angiography is commonly used for diagnostic examination of blood vessels. It is among the most common procedures where radiology is the standard guidance mode. In several cases, therapeutic intervention performed with stent insertion and angioplasty or embolization procedures to reduce or stop blood flow through a vessel. Diagnosis of arterial disease is often performed through CT angiography or MR angiography. Catheter angiography remains the gold standard for arterial condition diagnosis and allows treatment of the detected issue during the same time. Growing incidence of cardiovascular diseases and stroke is the key factor contributing to the dominance of this segment. Sedentary lifestyle, growing consumption of processed foods with sugar, salt and fats, changing dietary habits and rapidly increasing senescent population are the key drivers of the above fact.Neurology Segment Set to Progress at Rapid Growth Rate
Swift progress of medical imaging technology and the ability to leverage the knowledge in interventional procedures has placed interventional neuroradiology at a prominent position to incorporate minimally invasive procedures into clinical management and advanced patient care. Significant opportunities lie in this segment to change the management of variety of neurological diseases through the use of minimally invasive guided procedures. Growing clinical presence of interventional radiology has several advantages in the procedure driven clinical environment.Asia Pacific Set to Become a Lucrative Market for Interventional Radiology
At present, North America is the largest revenue generating regional market for interventional radiology products. Higher reimbursements, greater awareness along with higher patient population with chronic diseases are the key factors supporting the dominance of North America. Asia Pacific, however, is estimated to progress at a faster growth rate during the forecast period. Neural and tumor interventions along with cardiac applications are the most common procedures with interventionists in Asia Pacific. In China, cerebral angiography is the most common IR procedure performed in China, followed by percutaneous transluminal angioplasty, percutaneous transhepatic cholangiography, cerebral aneurysm interventions and transcatherer arterial chemoembolization. Rapid evolution of healthcare infrastructure, burgeoning medical tourism, and improving skills of medical personnel are the key factors supporting the swift CAGR of Asia Pacific market.The prevailing dynamics in the global interventional radiology products market are studied based on the drivers, challenges, opportunities, attractive investment proposition and market dynamics. The market dynamics studied in the report give insights on the positive aspects and pain points prevalent in the market. Major players in this industry are also scrutinized in terms of business description, financial information, product portfolio and key developments. The prominent market players profiled in this report include GE Healthcare, Siemens AG, Koninklijke Philips N.V., Carestream Health, Hologic, Inc., Shimadzu Corporation, Hitachi Medical Systems, Cardinal Health, Inc., Fujifilm Holdings Corporation, Medtronic plc., Teleflex Incorporated, Toshiba Medical Systems Corporation and C. R. Bard.
Historical & Forecast Period
This report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Interventional Radiology Products market are as follows:- Research and development budgets of manufacturers and government spending.
- Revenues of key companies in the market segment.
- Number of end users and consumption volume, price and value.
- Geographical revenues generated by countries considered in the report.
- Micro and macro environment factors that are currently influencing the Interventional Radiology Products market and their expected impact during the forecast period.
- The market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Products
- Catheters
- Stents
- Guidewires
- Inferior Vena Cava Filters
- Hemodynamic Flow Alteration Devices
- Thrombectomy Systems
- Angioplasty Balloons
- Embolization Devices
- Biopsy Devices
- Accessories and Others
- Contrast Media
- Inflation Devices
- Others
Procedure
- Angiography
- Angioplasty
- Biopsy and Drainage
- Embolization
- Thrombolysis
- Vertebroplasty
- Nephrostomy
- Other Procedures
Application
- Cardiology
- Urology and Nephrology
- Obstretrics and Gynecology
- Abdominal and Gastrointestinal
- Neurology
- Oncology
- Others
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Interventional Radiology Products market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Interventional Radiology Products market?
- Which is the largest regional market for Interventional Radiology Products market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Interventional Radiology Products market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Interventional Radiology Products market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Interventional Radiology Products Market
2.2. Global Interventional Radiology Products Market, by Products, 2021 (US$ Million)
2.3. Global Interventional Radiology Products Market, by Procedure, 2021 (US$ Million)
2.4. Global Interventional Radiology Products Market, by Application, 2021 (US$ Million)
2.5. Global Interventional Radiology Products Market, by Geography, 2021 (US$ Million)
2.6. Impact of COVID-19
2.7. Attractive Investment Proposition by Geography, 2021
2.8. Competitive Analysis
2.8.1. Market Positioning of Key Interventional Radiology Products Market Vendors
2.8.2. Strategies Adopted by Interventional Radiology Products Market Vendors
2.8.3. Key Industry Strategies
3. Interventional Radiology Products Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Interventional Radiology Products Market Value, 2020-2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat of Substitutes
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Interventional Radiology Products Market: by Products, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Catheters
4.3.2. Stents
4.3.3. Guidewires
4.3.4. Inferior Vena Cava Filters
4.3.5. Hemodynamic Flow Alteration Devices
4.3.6. Thrombectomy Systems
4.3.7. Angioplasty Balloons
4.3.8. Embolization Devices
4.3.9. Biopsy Devices
4.3.10. Accessories and Others
4.3.10.1. Contrast Media
4.3.10.2. Inflation Devices
4.3.10.3. Others
5. Interventional Radiology Products Market: by Procedure, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Angiography
5.3.2. Angioplasty
5.3.3. Biopsy and Drainage
5.3.4. Embolization
5.3.5. Thrombolysis
5.3.6. Vertebroplasty
5.3.7. Nephrostomy
5.3.8. Other Procedures
6. Interventional Radiology Products Market: by Application, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Cardiology
6.3.2. Urology and Nephrology
6.3.3. Obstretrics and Gynecology
6.3.4. Abdominal and Gastrointestinal
6.3.5. Neurology
6.3.6. Oncology
6.3.7. Others
7. North America Interventional Radiology Products Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Interventional Radiology Products Market: by Products, 2020-2030, USD (Million)
7.3. Interventional Radiology Products Market: by Procedure, 2020-2030, USD (Million)
7.4. Interventional Radiology Products Market: by Application, 2020-2030, USD (Million)
7.5. Interventional Radiology Products Market: by Region, 2020-2030, USD (Million)
7.5.1. North America
7.5.1.1. U.S.
7.5.1.2. Canada
7.5.1.3. Rest of North America
8. UK and European Union Interventional Radiology Products Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Interventional Radiology Products Market: by Products, 2020-2030, USD (Million)
8.3. Interventional Radiology Products Market: by Procedure, 2020-2030, USD (Million)
8.4. Interventional Radiology Products Market: by Application, 2020-2030, USD (Million)
8.5. Interventional Radiology Products Market: by Region, 2020-2030, USD (Million)
8.5.1. UK and European Union
8.5.1.1. UK
8.5.1.2. Germany
8.5.1.3. Spain
8.5.1.4. Italy
8.5.1.5. France
8.5.1.6. Rest of Europe
9. Asia Pacific Interventional Radiology Products Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Interventional Radiology Products Market: by Products, 2020-2030, USD (Million)
9.3. Interventional Radiology Products Market: by Procedure, 2020-2030, USD (Million)
9.4. Interventional Radiology Products Market: by Application, 2020-2030, USD (Million)
9.5. Interventional Radiology Products Market: by Region, 2020-2030, USD (Million)
9.5.1. Asia Pacific
9.5.1.1. China
9.5.1.2. Japan
9.5.1.3. India
9.5.1.4. Australia
9.5.1.5. South Korea
9.5.1.6. Rest of Asia Pacific
10. Latin America Interventional Radiology Products Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Interventional Radiology Products Market: by Products, 2020-2030, USD (Million)
10.3. Interventional Radiology Products Market: by Procedure, 2020-2030, USD (Million)
10.4. Interventional Radiology Products Market: by Application, 2020-2030, USD (Million)
10.5. Interventional Radiology Products Market: by Region, 2020-2030, USD (Million)
10.5.1. Latin America
10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America
11. Middle East and Africa Interventional Radiology Products Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Interventional Radiology Products Market: by Products, 2020-2030, USD (Million)
11.3. Interventional Radiology Products Market: by Procedure, 2020-2030, USD (Million)
11.4. Interventional Radiology Products Market: by Application, 2020-2030, USD (Million)
11.5. Interventional Radiology Products Market: by Region, 2020-2030, USD (Million)
11.5.1. Middle East and Africa
11.5.1.1. GCC
11.5.1.2. Africa
11.5.1.3. Rest of Middle East and Africa
12. Company Profiles
12.1. GE Healthcare
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Siemens AG
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Koninklijke Philips N.V.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Carestream Health
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Hologic Inc.
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Shimadzu Corporation
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Hitachi Medical Systems
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Cardinal Health, Inc.
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Fujifilm Holdings Corporation
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Medtronic plc.
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Teleflex Incorporated
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. Toshiba Medical Systems Corporation
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
12.13. C. R. Bard
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Portfolio
12.13.4. Strategic InitiativesList of Figures
Figure 1. Global Interventional Radiology Products Market: Market Coverage
Figure 2. Research Methodology and Data Sources
Figure 3. Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4. Global Interventional Radiology Products Market: Quality Assurance
Figure 5. Global Interventional Radiology Products Market, By Products, 2021
Figure 6. Global Interventional Radiology Products Market, By Procedure, 2021
Figure 7. Global Interventional Radiology Products Market, By Application, 2021
Figure 8. Global Interventional Radiology Products Market, By Geography, 2021
Figure 9. Global Interventional Radiology Products Market, By Products, 2021 vs 2030, %
Figure 10. Global Interventional Radiology Products Market, By Procedure, 2021 vs 2030, %
Figure 11. Global Interventional Radiology Products Market, By Application, 2021 vs 2030, %
Figure 12. U.S. Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 13. Canada Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 14. Rest of North America Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 15. UK Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 16. Germany Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 17. Spain Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 18. Italy Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 19. France Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 20. Rest of Europe Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 21. China Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 22. Japan Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 23. India Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 24. Australia Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 25. South Korea Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 26. Rest of Asia Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 27. Brazil Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 28. Mexico Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 29. Rest of Latin America Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 30. GCC Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 31. Africa Interventional Radiology Products Market (US$ Million), 2020-2030
Figure 32. Rest of Middle East and Africa Interventional Radiology Products Market (US$ Million), 2020-2030List of Tables
Table 1 Global Interventional Radiology Products Market by Products, 2020-2030, USD (Million)
Table 2 Global Interventional Radiology Products Market by Accessories and Others, 2020-2030, USD (Million)
Table 3 Global Interventional Radiology Products Market by Procedure, 2020-2030, USD (Million)
Table 4 Global Interventional Radiology Products Market by Application, 2020-2030, USD (Million)
Table 5 North America Interventional Radiology Products Market by Products, 2020-2030, USD (Million)
Table 6 North America Interventional Radiology Products Market by Accessories and Others, 2020-2030, USD (Million)
Table 7 North America Interventional Radiology Products Market by Procedure, 2020-2030, USD (Million)
Table 8 North America Interventional Radiology Products Market by Application, 2020-2030, USD (Million)
Table 9 UK and European Union Interventional Radiology Products Market by Products, 2020-2030, USD (Million)
Table 10 UK and European Union Interventional Radiology Products Market by Accessories and Others, 2020-2030, USD (Million)
Table 11 UK and European Union Interventional Radiology Products Market by Procedure, 2020-2030, USD (Million)
Table 12 UK and European Union Interventional Radiology Products Market by Application, 2020-2030, USD (Million)
Table 13 Asia Pacific Interventional Radiology Products Market by Products, 2020-2030, USD (Million)
Table 14 Asia Pacific Interventional Radiology Products Market by Accessories and Others, 2020-2030, USD (Million)
Table 15 Asia Pacific Interventional Radiology Products Market by Procedure, 2020-2030, USD (Million)
Table 16 Asia Pacific Interventional Radiology Products Market by Application, 2020-2030, USD (Million)
Table 17 Latin America Interventional Radiology Products Market by Products, 2020-2030, USD (Million)
Table 18 Latin America Interventional Radiology Products Market by Accessories and Others, 2020-2030, USD (Million)
Table 19 Latin America Interventional Radiology Products Market by Procedure, 2020-2030, USD (Million)
Table 20 Latin America Interventional Radiology Products Market by Application, 2020-2030, USD (Million)
Table 21 Middle East and Africa Interventional Radiology Products Market by Products, 2020-2030, USD (Million)
Table 22 Middle East and Africa Interventional Radiology Products Market by Accessories and Others, 2020-2030, USD (Million)
Table 23 Middle East and Africa Interventional Radiology Products Market by Procedure, 2020-2030, USD (Million)
Table 24 Middle East and Africa Interventional Radiology Products Market by Application, 2020-2030, USD (Million)
Companies Mentioned
- GE Healthcare
- Siemens AG
- Koninklijke Philips N.V.
- Carestream Health
- Hologic Inc.
- Shimadzu Corporation
- Hitachi Medical Systems
- Cardinal Health Ltd.
- Fujifilm Holdings Corporation
- Medtronic PLC.
- Teleflex Incorporated
- Toshiba Medical Systems Corporation
- C. R. Bard
