United States Nonvascular Interventional Radiology Device Market was valued at USD 1.8 Billion in 2022 and is projected to reach USD 3.2 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The US Nonvascular Interventional Radiology Device Market has seen significant growth in recent years, driven by increasing demand from various healthcare sectors. This market is fueled by advancements in medical technology, offering non-invasive solutions to treat a wide range of conditions such as tumors, blockages, and vascular issues. Nonvascular interventional radiology (IR) procedures are minimally invasive, making them more appealing to both patients and healthcare providers. These devices are used in procedures such as biopsies, catheter placements, and drainage, which are becoming increasingly popular due to their ability to provide effective treatment with minimal patient recovery time.
Among the various types of devices available in the market, the most notable include ultrasound-guided needles, catheter systems, biopsy devices, and drainage systems. Each of these devices serves a unique purpose in different clinical applications. For example, ultrasound-guided needles are used to precisely target areas for biopsy or injection, while catheter systems are used for drainage or the delivery of medication. This variety of devices helps to address the specific needs of hospitals, diagnostic centers, and other healthcare facilities that perform interventional radiology procedures.
The demand for these devices has been bolstered by the growing prevalence of chronic diseases such as cancer and cardiovascular conditions, which require frequent intervention and minimally invasive procedures. Furthermore, as healthcare systems continue to embrace advanced diagnostic tools, the adoption of nonvascular interventional radiology devices is expected to rise across various industries, including oncology, cardiology, and urology.
For industries, nonvascular interventional radiology devices offer a cost-effective and efficient solution for treating complex health conditions. Hospitals and clinics are increasingly adopting these devices to reduce hospital stays, improve patient outcomes, and lower overall treatment costs. As technology continues to evolve, the market for these devices will likely continue to expand, driven by both the demand for improved healthcare services and the development of more sophisticated, user-friendly devices.
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Siemens
Boill Holding Group
Guerbet Group's
Boston Scientific
Cook Group
Teleflex
Siemens
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Nonvascular Interventional Radiology Device Market
Biopsy Devices
Drainage Devices
Access Devices
Ablation Devices
Interventional Tools
Oncology
Pain Management
Gastroenterology
Urology
Gynecology
Hospitals
Ambulatory Surgical Centers
Diagnostic Imaging Centers
Research and Academic Institutes
Diagnostic Procedures
Treatment Procedures
Emergency Procedures
Fluoroscopy
Ultrasound
CT-guided Technology
MRI-guided Technology
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Nonvascular Interventional Radiology Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Nonvascular Interventional Radiology Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Nonvascular Interventional Radiology Device Market, By Type
6. US Nonvascular Interventional Radiology Device Market, By Application
7. US Nonvascular Interventional Radiology Device Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Nonvascular Interventional Radiology Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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