Interventional Radiology Equipments Market size is estimated to be USD 2.8 Billion in 2024 and is expected to reach USD 5.7 Billion by 2033 at a CAGR of 8.5% from 2026 to 2033.
The global Interventional Radiology Equipment market size was valued at approximately USD 23.4 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. North America held the largest market share in 2022, accounting for nearly 35% of the total market revenue, driven by technological advancements, high healthcare expenditure, and the presence of well established healthcare infrastructure. Europe follows closely, with a substantial market share, attributed to the regions aging population and growing demand for minimally invasive procedures. The Asia Pacific region is anticipated to exhibit the highest growth rate over the forecast period, with a CAGR of 8.4%, driven by increasing healthcare investments, rising awareness of interventional radiology, and improving healthcare access in countries like China and India.
The demand for interventional radiology equipment is also witnessing significant growth in Latin America and the Middle East and Africa regions. In Latin America, increasing healthcare investments and the adoption of advanced medical technologies are expected to drive market expansion. The Middle East and Africa are seeing a growing demand due to advancements in healthcare infrastructure, a rising focus on early diagnosis, and the increasing prevalence of chronic diseases. The growing geriatric population, along with the rise in lifestyle diseases globally, continues to fuel the demand for minimally invasive procedures, further contributing to the markets growth. Key opportunities lie in the development of more precise, user friendly, and cost effective interventional radiology technologies to cater to emerging markets with growing healthcare needs.
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GE Healthcare
Siemens AG
Koninklijke Philips N.V.
Toshiba Medical Systems
Hitachi Medical
Carestream Health
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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. 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 Global Interventional Radiology Equipments Market
Angiography Systems
Ultrasound Systems
CT Scanners
MRI Systems
Fluoroscopy Systems
Cardiovascular Interventions
Neurosurgical Interventions
Gastrostomy Interventions
Biliary Interventions
Oncological Procedures
Hospitals
Specialized Clinics
Ambulatory Surgical Centers
Research Institutions
Diagnostic Laboratories
Digital Imaging Technology
3D Imaging Technology
Robotic-assisted Technology
Laser-assisted Technology
Telemedicine Technology
Diagnostic Imaging
Therapeutic Procedures
Biopsy and Drainage
Vascular Access
Pain Management
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 Global Interventional Radiology Equipments 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. Global Interventional Radiology Equipments Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Interventional Radiology Equipments Market, By Type
6. Global Interventional Radiology Equipments Market, By Application
7. Global Interventional Radiology Equipments Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Interventional Radiology Equipments Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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