Selbyville, Delaware, Nov. 01, 2022 (GLOBE NEWSWIRE) —
Interventional radiology market value is expected to surpass $40 billion by 2030, according to a recent report by Global Market Insights Inc.
The growth of the geriatric population in developed countries, along with the increasing occurrence of chronic disorders due to age-related problems, have increased the demand for diagnostic and treatment methods. The elderly are vulnerable to chronic cardiovascular disorders due to a higher risk of vascular smooth muscle cell apoptosis, greater calcium deposition, and increased vessel diameter. As a result, the geriatric population opts for interventional radiology procedures and other diagnostic methods that incorporate minimally invasive surgical techniques.
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The interventional radiology market of the CT scanners product segment was worth more than $3 billion in 2021. The increasing prevalence of chronic disorders is driving the adoption of advanced diagnostic methods. CT scanners are often used in R&D and diagnostic applications to identify various bodily abnormalities and diseases. These scanners help assess lung diseases and conditions such as pneumonia, cancer, blockage, and other chronic conditions, increasing their consumption as preferred interventional radiology tools.
Browse key industry information spread over 188 pages with 191 market data tables and 16 report figures and graphs, “Interventional Radiology Market Analysis by Product (MRI Systems, CT Scanners, Ultrasound Imaging Systems, Angiography Systems), Application (Cardiology, Oncology, Urology, Gastroenterology, Obstetrics, Gynecology), End Use (Hospitals, Clinics, Ambulatory Surgery Centers), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share and Forecast, 2022-2030in detail with the table of contents:
Interventional radiology market from cardiology applications was valued at over USD 7.5 billion in 2021. Interventional cardiology cannulates the heart under x-ray vision and is used for acute myocardial infarction and cardiac catheterization . This diagnostic method has gained popularity due to its ability to reduce pain and inflammation, minimize scarring, and prevent a long postoperative recovery. These advantages contribute to the growing use of interventional radiology for procedures such as fluoroscopy in cardiology applications.
The end-use segment of hospitals accounted for more than 50% business share in 2021. Hospitals offer enhanced diagnostics using the interventional radiology method, which increases patient preference for hospitals. The increase in admissions for CT scans, cancer screenings and X-rays, in addition to the availability of trained professionals, will increase the consumption of interventional radiology equipment in hospitals.
The North American Interventional Radiology Market is expected to be valued at USD 14 Billion by 2030. The presence of key industry players, along with the growing preference for minimally invasive operations, is driving the adoption of the products in the region. Some of these players are focusing on new product development as a leading growth strategy. Additionally, the rising occurrence of acute diseases such as kidney cancer and increasing hospital admissions for these diseases will boost the regional industrial landscape.
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Some of the companies operating in the interventional radiology market include Samsung Electronics Co. Ltd, GE Healthcare, Canon Medical System Corporation, Koninkilijke Philips NV, Siemens Healthineers, Olympus Corporation, Shimadzu Corporation, and Fujifilm Corporation. Companies are planning key launches to expand their product offerings.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as consulting services. growth. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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