Interventional Radiology Systems

Interventional Radiology Systems

Global Interventional Radiology Systems Market to Reach US$40.6 Billion by 2030

The global market for Interventional Radiology Systems estimated at US$25.1 Billion in the year 2023, is expected to reach US$40.6 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2023-2030. MRI Systems, one of the segments analyzed in the report, is expected to record a 8.2% CAGR and reach US$12.7 Billion by the end of the analysis period. Growth in the Ultrasound Imaging Systems segment is estimated at 7.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.6 Billion While China is Forecast to Grow at 9.2% CAGR

The Interventional Radiology Systems market in the U.S. is estimated at US$7.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.2% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.

Global Interventional Radiology Systems Market - Key Trends & Drivers Summarized

Interventional radiology (IR) systems are specialized medical imaging equipment used to perform minimally invasive procedures guided by real-time imaging. These systems include a range of tools such as fluoroscopy, ultrasound, CT, and MRI among others, which allow physicians to diagnose and treat various conditions with precision. Interventional radiology offers an alternative to traditional surgery by enabling targeted treatments through small incisions, reducing recovery times and minimizing complications. Common procedures performed using IR systems include angioplasty, stent placement, embolization, and biopsies, which are used to treat conditions such as cardiovascular diseases, cancer, and neurological disorders.

The adoption of interventional radiology systems has transformed the landscape of medical treatment by providing less invasive options for patients. The use of real-time imaging allows for precise navigation of instruments within the body, enhancing the accuracy and effectiveness of treatments. This has led to improved patient outcomes, shorter hospital stays, and reduced healthcare costs. The versatility of IR systems makes them applicable in various medical fields, including oncology, cardiology, neurology, and gastroenterology. The continuous advancements in imaging technology and the integration of digital health solutions are further enhancing the capabilities of interventional radiology.

The growth in the interventional radiology systems market is driven by several factors. The increasing prevalence of chronic diseases such as cardiovascular disorders and cancer is a significant driver, as minimally invasive treatments become a preferred option. Technological advancements in imaging and navigation systems are enabling more precise and effective procedures. The rising demand for minimally invasive surgeries, which offer reduced recovery times and lower risk of complications, is also contributing to market growth. Additionally, the growing aging population and the associated increase in age-related conditions are fueling the demand for interventional radiology. The integration of AI and machine learning in imaging systems is enhancing diagnostic accuracy and procedural outcomes, further driving the adoption of these advanced systems.

Select Competitors (Total 92 Featured) -

• Abbott Laboratories, Inc.
• B. Braun Melsungen AG
• Becton, Dickinson and Company
• Boston Scientific Corporation
• Barco NV
• Agfa-Gevaert NV
• Analogic Corporation
• AngioDynamics, Inc.
• Biosensors International Group Ltd.
• Allengers Medical Systems Ltd.
• Aurora Imaging Technology, Inc.
• Animage, LLC
• Beijing Wandong Medical Technology Co., Ltd.
• Arrays Medical Imaging Corporation
• Amolab srl

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