Interventional Oncology Market By Product [Ablation Radiofrequency Ablation Devices, Microwave Ablation Devices, Cryoablation Devices, and Others), Particle Embolization (Radioembolic agents, Drug-Eluting Beads, and Others), Support Devices]: Global Opportunity Analysis and Industry Forecast, 2021–2031
The global interventional oncology market size is expected to reach up to $3,791.50 million by 2030, surging from $2,131.30 million in 2021, at a noteworthy CAGR of 6.5%.
Interventional oncology (IO) is an emerging specialty that focuses on using image-guided procedures (diagnostics/surgeries) to improve cancer therapy. Along with surgery, medication, and radiation, IO is currently the fourth pillar of modern oncology care. Due to an increase in cancer cases among people worldwide, the interventional oncology market is expected to accelerate its expansion over the forecast period. Cancer is one of the fastest rising health problems in the world, impacting people of all ages, from infants to the elderly. Breast cancer and throat cancer are two of the most common types of cancer in people. The need for technologically improved cancer management therapy has expanded in tandem with the rise in the number of cancer patients. This aspect is predicted to contribute to the market's positive expansion in the following years. However, because interventional oncology therapy is a relatively new branch of treatment, its market penetration is low, and few people are aware of it.
The global interventional oncology market is segmented on the basis of product type, cancer type, and end user. On basis of product type, the market has been divided into embolization devices, ablation devices, and support devices. Based on cancer type, the market has been divided into liver cancer, lung cancer, bone metastasis, kidney cancer, breast cancer, prostate cancer, and other cancers. Based on end-user, the market has been categorized into hospitals, ambulatory surgery centers, and research & academic institutes. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the leading interventional oncology market players are Medtronic, Boston Scientific, BD, Terumo, Merit Medical, AngioDynamics, J&J, Teleflex, Cook Medical, and HealthTronics.
KEY MARKET SEGMENTS
By Product Type
Embolization Devices
Ablation Devices
Support Devices
By Cancer Type
Liver Cancer
Lung Cancer
Bone Metastasis
Kidney Cancer
Breast Cancer
Prostate Cancer
Other Cancers
By End User
Hospitals
Ambulatory Surgery Centers
Research & Academic Institutes
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Saudi Arab Emirate
South Africa
Rest of LAMEA
Key Players
Medtronic
Boston Scientific
BD
Terumo
Merit Medical
AngioDynamics
J&J
Teleflex
Cook Medical
HealthTronics.
Key Market Segments
By Product
Ablation
Radiofrequency Ablation Devices
Microwave Ablation Devices
Cryoablation Devices
Others
Particle Embolization
Radioembolic agents
Drug-Eluting Beads
Others
Support Devices
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Alpinion Medical Systems Co. Ltd.
AngioDynamics
Boston Scientific Corporation
Hologic, Inc.
Medtronic Plc.
Merit Medical
Profound Medical
Siemens Healthineers
Teleflex Incorporated
Terumo Corporation
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