Interventional Radiology Market Is Anticipated To Witness High Growth Owing To Rising Prevalence Of Chronic Disorders

 
Interventional Radiology Market 


Interventional radiology is a medical specialty using minimally invasive image-guided techniques to diagnose and treat diseases in nearly every organ system. It uses a wide array of imaging modalities like X-ray, MRI, CT scan, and ultrasound to guide small, thin medical instruments such as guidewires, catheters, and balloons through tiny incisions or body's natural openings to treat diseases without requiring large and invasive surgery. Conditions such as vascular diseases, cancer, pain management, and liver conditions are commonly diagnosed and treated using interventional radiology techniques. The growing prevalence of lifestyle diseases and chronic disorders has played a major role in boosting the adoption of minimally invasive procedures in recent times. The global interventional radiology market is estimated to be valued at US$ 29856.31 Th in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the interventional radiology market are Coltene Holding, Mocom, Dentsply Sirona, Euronda, W&H Dentalwerk, Midmark Corporation, Getinge AB, Tuttnauer, Shinva Medical Instrument Co. Ltd., and MELAG Medizintechnik GmbH & Co. KG, among others. These players are focusing on new product launches and expansions to strengthen their presence. For instance, in 2022, Mocom introduced new autoclaves with advanced features.

The rising patient awareness regarding minimally invasive surgeries and growing preference for outpatient procedures represent major opportunities in the interventional radiology market. Furthermore, the increasing research and development activities are helping expand treatment options.

The key players are focusing on global expansion strategies to tap growth opportunities in emerging markets. For example, in 2021, Dentsply Sirona expanded its manufacturing facility in Europe to support the increasing demands.

Market drivers: Rising geriatric population who are more prone to chronic diseases and preference for minimally invasive surgeries over conventional open surgeries are driving the market growth.

Market restraints: High costs associated with interventional radiology procedures and equipment and shortage of skilled radiologists can hamper the market growth.

Segment Analysis
The interventional radiology market scope is dominated by the neurointerventional radiology sub-segment due to the increasing prevalence of cerebrovascular diseases across the world. Neurointerventional procedures such as embolization of brain tumors, aneurysms and arteriovenous malformations are in high demand. This sub-segment held more than 25% share of the overall market in 2024. Growth in the number of ambulatory surgical centers is also contributing to the segment's growth.

The cardiovascular interventional radiology sub-segment is the second largest owing to the rising cases of cardiovascular diseases coupled with technological advancements in minimally invasive surgeries. Procedures for treating conditions like peripheral artery disease are commonly performed in this sub-segment.

Global Analysis
North America dominated the global interventional radiology market in 2024 with a share of over 35%, owing to the increasing healthcare expenditure, rising prevalence of chronic diseases, and growing geriatric population in the US and Canada. The region will continue to grow at a steady CAGR during the forecast period.

Asia Pacific is poised to be the fastest growing region on account of growing medical tourism, improving healthcare infrastructure, and rising disposable incomes in developing countries like India and China. Availability of skilled radiologists and adoption of advanced imaging modalities are helping the regional market.

Get more insights on this topic: https://www.ukwebwire.com/interventional-radiology-market-industry-insightstrendsinterventional-radiology-market/

Comments

Post a Comment

Popular posts from this blog

The Global Naloxone Market Is Set To Experience Exponential Growth Owing To Rising Opioid Overdoses

Image
   naloxone market The naloxone market has experienced significant growth in recent years owing to increasing cases of opioid overdoses across the globe. Naloxone is an opioid antagonist medication used to reverse the effects of opioid overdoses including life-threatening depression of central nervous system and respiratory functions. The global naloxone market is estimated to be valued at US$ 1,422.26 million in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period of 2024-2030. Naloxone is administered as an injection into a muscle or vein or as a nasal spray. It is effective against both natural and synthetic opioids such as morphine, heroin, oxycodone, fentanyl, and methadone. Rising abuse and misuse of prescription opioids and increasing societal acceptability of opioids for pain management have been identified as major causes of opioid epidemics in many countries. Moreover, governmental support through policy and funding initiatives for wider public...
Read more

Feminine Hygiene Products Market Growth Accelerated By Rising Awareness About Women Hygiene

Image
Feminine Hygiene Products Market    Feminine hygiene products provide effective solutions for maintaining women's intimate hygiene and offer convenience during menstrual cycles. Sanitary pads, tampons, panty liners, and menstrual cups are commonly used feminine hygiene products that efficiently absorb menstrual blood flow. The growing awareness about women's hygiene and health and availability of innovative product varieties catering to different needs have accelerated the demand for these products. Factors such as changing lifestyles and rising incomes have further contributed to the increased spending on intimate healthcare needs of women. The global Feminine Hygiene Products Market is estimated to be valued at US$ 41.71 Bn in 2024 and is expected to exhibit a CAGR of 23.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth in the feminine hygiene products...
Read more

The Global Antimicrobial Plastics Market Growth Accelerated By Increased Safety Measures

Image
Antimicrobial Plastics Market   Antimicrobial plastics are a range of plastics that are incorporated with antimicrobial additives which make them capable of destroying microbes and bacteria. They help reduce the growth and spread of microbes and are highly effective against pathogens. These plastics find wide usage in healthcare, packaging, food and beverage industries due to their ability to inhibit microbial growth. The global Antimicrobial Plastics Market is estimated to be valued at US$ 37.35 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased usage of antimicrobial plastics can be attributed to the rising safety measures across industries. With growing awareness regarding hygiene and safety, antimicrobial plastics are being increasingly used in applications such as food packaging, healthcare and medical devices. Their effecti...
Read more