Reports
Global Interventional Radiology Market Share, Forecast: By Procedure: Angioplasty, Angiography, Biopsy and Drainage, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy, Others; By Product: MRI Systems, Ultrasound Imaging Systems, CT Scanners, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global Interventional Radiology Market Outlook
The global interventional radiology market reached a value of around USD 24.20 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.7% to reach a value of approximately USD 43.37 billion by 2032.
North America is the largest market, and the Asia Pacific is the fastest-growing region in the industry. The market is primarily being driven by the rising ageing population.
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Properties and Applications
Interventional radiology (IR) refers to a collection of methods that direct medical imaging like x-ray fluoroscopy, magnetic resonance imaging, computed tomography, or ultrasound to guide medical therapies via very small incisions specifically towards the internal structure of the body.
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Based on the procedure, the interventional radiology market can be divided into:
- Angioplasty
- Angiography
- Biopsy and Drainage
- Embolization
- Thrombolysis
- Vertebroplasty
- Nephrostomy
- Others
Based on the product, the interventional radiology market can be divided into:
- MRI Systems
- Ultrasound Imaging Systems
- CT Scanners
- Angiography Systems
- Fluoroscopy Systems
- Biopsy Devices
- Others
The interventional radiology market can be broadly categorised based on its applications into:
- Cardiology
- Urology and Nephrology
- Oncology
- Gastroenterology
- Others
The EMR report looks into the regional markets of interventional radiology like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
With a cost-effective solution and shorter hospital stays, there is a growing trend for minimally invasive procedures, which allows people to be treated easily and often get out of the hospital on the same day. Many treatments that are minimally invasive need imaging techniques. Imaging technology, which offers physicians with real-time photographs for a thorough understanding of the internal organs while diagnosing fuels the demand for interventional radiology. Ultrasound imaging systems are leading the global market.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global interventional radiology market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Carestream Health
- Esaote S.P.A.
- GE Healthcare
- Hitachi Medical Corporation
- Hologic Inc. (NASDAQ: HOLX)
- Koninklijke Philips N.V.
- Shimadzu Corporation
- Siemens AG
- Toshiba Medical Systems Corporation
- Samsung Medison
- Others
The EMR report gives an in-depth insight into the interventional radiology market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Procedure, Product, Application, Region |
| Breakup by Procedure | Angioplasty, Angiography, Biopsy and Drainage, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy, Others |
| Breakup by Product | MRI Systems, Ultrasound Imaging Systems, CT Scanners, Angiography Systems, Fluoroscopy Systems, Biopsy Devices, Others |
| Breakup by Application | Cardiology, Urology & Nephrology, Oncology, Gastroenterology, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Carestream Health, Esaote S.P.A., GE Healthcare, Hitachi Medical Corporation, Hologic Inc. [HOLX (NASDAQ)], Koninklijke Philips N.V. [PHIA (AMS)], Shimadzu Corporation [7701 (TYO)], Siemens AG, Toshiba Medical Systems Corporation, Samsung Medison, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Interventional Radiology Market Analysis
8.1 Key Industry Highlights
8.2 Global Interventional Radiology Historical Market (2018-2023)
8.3 Global Interventional Radiology Market Forecast (2024-2032)
8.4 Global Interventional Radiology Market by Procedure
8.4.1 Angioplasty
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Angiography
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Biopsy and Drainage
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Embolization
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Thrombolysis
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Vertebroplasty
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Nephrostomy
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.7.4 Others
8.5 Global Interventional Radiology Market by Product
8.5.1 MRI Systems
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Ultrasound Imaging Systems
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 CT Scanners
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Angiography Systems
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Fluoroscopy Systems
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Biopsy Devices
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Interventional Radiology Market by Application
8.6.1 Cardiology
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Urology and Nephrology
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Oncology
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Gastroenterology
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Interventional Radiology Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Interventional Radiology Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Interventional Radiology Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Interventional Radiology Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Interventional Radiology Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Interventional Radiology Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 GE Healthcare
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Carestream Health, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Esaote S.P.A.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hitachi Medical Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hologic Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Koninklijke Philips N.V.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Shimadzu Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Siemens AG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Toshiba Medical Systems Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Samsung Medison
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Interventional Radiology Market: Key Industry Highlights, 2018 and 2032
2. Global Interventional Radiology Historical Market: Breakup by Procedure (USD Million), 2018-2023
3. Global Interventional Radiology Market Forecast: Breakup by Procedure (USD Million), 2024-2032
4. Global Interventional Radiology Historical Market: Breakup by Product (USD Million), 2018-2023
5. Global Interventional Radiology Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Global Interventional Radiology Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Interventional Radiology Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Interventional Radiology Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Interventional Radiology Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Interventional Radiology Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Interventional Radiology Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Interventional Radiology Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Interventional Radiology Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Interventional Radiology Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Interventional Radiology Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Interventional Radiology Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Interventional Radiology Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Interventional Radiology Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Interventional Radiology Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Interventional Radiology Market Structure
Key Questions Answered in the Report
In 2023, the global interventional radiology market attained a value of about USD 24.20 billion.
The market is projected to grow at a CAGR of 6.70% between 2024 and 2032.
The market is being driven by the rising use of interventional radiology in minimally invasive surgeries to get accurate imaging for proper diagnosis and treatment.
The market growth is anticipated to be defined with technological advancements such as real-time imaging techniques and the increasing developments in ultrasound imaging.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major procedures of interventional radiology are angioplasty, angiography, biopsy and drainage, embolisation, thrombolysis, vertebroplasty, and nephrostomy, among others.
The different products of interventional radiology are MRI systems, ultrasound imaging systems, CT scanners, angiography systems, fluoroscopy systems, and biopsy devices, among others.
The significant applications of interventional radiology include cardiology, urology and nephrology, oncology, and gastroenterology, among others.
The major players in the industry are Carestream Health, Inc., Esaote S.P.A., GE Healthcare, Hitachi Medical Corporation, Hologic Inc., Koninklijke Philips N.V., Shimadzu Corporation, Siemens AG, Toshiba Medical Systems Corporation, and Samsung Medison, among others.
Analyst Review
The global interventional radiology market attained a value of about USD 24.20 billion in 2023, driven by the rising demand for minimally invasive interventional radiology. Aided by technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.70%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of procedure, the interventional radiology industry can be categorised into angioplasty, angiography, biopsy and drainage, embolisation, thrombolysis, vertebroplasty, and nephrostomy, among others. Based on product, the market can be divided into MRI systems, ultrasound imaging systems, CT scanners, angiography systems, fluoroscopy systems, and biopsy devices, among others. On the basis of application, the market can be segmented into cardiology, urology and nephrology, oncology, and gastroenterology, among others. The major regional markets for interventional radiology are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Carestream Health, Inc., Esaote S.P.A., GE Healthcare, Hitachi Medical Corporation, Hologic Inc., Koninklijke Philips N.V., Shimadzu Corporation, Siemens AG, Toshiba Medical Systems Corporation, and Samsung Medison, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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