Navigating the Future: Interventional Radiology Market Trends and Forecast Insights, 2025 Edition

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Interventional Radiology Market Size Growth Forecast: What to Expect by 2025?
The size of the interventional radiology market has seen a rapid surge recently. Its growth is expected to continue, going from $26.74 billion in 2024 to $29.98 billion in 2025 with a compound annual growth rate (CAGR) of 12.1%. The substantial development during the previous period can be ascribed to the rise in the aging population, increase in chronic illness rates, the uptake of telehealth services, improved radiation safety protocols, and a boost in minimally invasive procedures.

How Will the Interventional Radiology Market Size Evolve and Grow by 2029?
The market size for interventional radiology is predicted to see a swift expansion in the coming years, soaring to $48.6 billion by 2029 with a compound annual growth rate (CAGR) of 12.8%. Factors contributing to this projected growth include enhancements in healthcare infrastructure, increasing reliance on genomic medicine and interventional radiology, accommodating regulatory modifications, and heightened patient awareness. The forecast period also foresees significant trends such as the widespread adoption of focused ultrasound, mounting emphasis on pediatric interventional radiology, embracing point-of-care imaging, the utilization of patient navigation mechanisms, and the implementation of catheter robotics.

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What Drivers Are Propelling the Growth of Interventional Radiology Market Forward?
The anticipated surge in cancer cases is projected to stimulate the expansion of the interventional radiology market in the impending years. Cancer, as a leading cause of death and a global health concern, ranks second in the United States. Techniques such as ablation, embolization, and irreversible electroporation (IRE) are utilized by interventional radiology in the treatment of cancer and cardiovascular diseases. For example, the Australian Institute of Health and Welfare, a government agency based in Australia, reported in July 2024 that the diagnosed cancer cases rose from 160,570 in 2022 to 164,694 in 2023, representing a notable increase within a year. This upward trajectory underlines the escalating cases of cancer in the country. Therefore, the rising prevalence of cancer facilitates the growth of the interventional radiology market.

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What Long-Term Trends Will Define the Future of the Interventional Radiology Market?
The interventional radiology market is witnessing a significant rise in the trend of Artificial Intelligence. Business entities in this sector are persistently emphasizing the launch of innovative technologies to maintain their position in the market. For instance, Shimadzu Medical Systems, an American medical equipment firm, unveiled the Trinias angiography system integrated with AI in June 2022. This system is tailor-made to aid a plethora of interventional procedures like interventional cardiology, peripheral investigations, interventional neurology, interventional radiology, and cancer. Heart disorders like congenital heart defects, heart valve disease, and coronary artery disease are all diagnosed and treated using the Trinias angiography system.

What Are the Key Segments in the Interventional Radiology Market?
The interventional radiology market covered in this report is segmented -

1) By Product: MRI, Ultrasound Imaging, CT Scanners, Angiography Systems, Fluoroscopy Systems, Biopsy Devices, Other Products
2) By Procedure: Angioplasty, Angiography, Biopsy And Drainage, Embolization, Thrombolysis, Vertebroplasty, Nephrostomy, Other Procedures
3) By Application: Oncology, Cardiology, Urology And Nephrology, Gastroenterology, Other Applications

Subsegments:
1) By MRI (Magnetic Resonance Imaging): Closed MRI Systems, Open MRI Systems, Extremity MRI Systems,
2) By Ultrasound Imaging: Portable Ultrasound Systems, Diagnostic Ultrasound Systems, 3D/4D Ultrasound Systems
3) By CT Scanners: Multi-slice CT Scanners, Cone Beam CT Scanners, Dual-energy CT Scanners
4) By Angiography Systems: Digital Subtraction Angiography (DSA) Systems, Mobile Angiography Systems, Hybrid Angiography Systems
5) By Fluoroscopy Systems: Fixed Fluoroscopy Systems, Mobile Fluoroscopy Systems, C-arm Fluoroscopy Systems
6) By Biopsy Devices: Needle Biopsy Devices, Vacuum-Assisted Biopsy Devices, Stereotactic Biopsy Devices
7) By Other Products: Contrast Agents, Surgical Navigation Systems, Interventional Accessories

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Who Are the Key Players Shaping the Interventional Radiology Market's Competitive Landscape?
Major companies operating in the interventional radiology market include Carestream Health Inc., Siemens Aktiengesellschaft, Koninklijke Philips N.V., General Electric Company, Hitachi Ltd., Canon Medical Systems Corporation, Toshiba Medical Systems, Medtronic plc, Shimadzu Corporation, FUJIFILM Holdings Corporation, Hologic Inc., Agfa-Gevaert N.V., Esaote S.p.A., Samsung Medison Co. Ltd., Cook Group Incorporated, Stryker Corporation, Abbott Laboratories, AngioDynamics Inc., B. Braun Melsungen AG, Cardinal Health Inc., C. R. Bard Inc., Terumo Corporation, Merit Medical Systems Inc., Penumbra Inc., BTG International Ltd., Guerbet Group, Medrad Inc., MicroPort Scientific Corporation, Neusoft Medical Systems Co. Ltd., Nordion Inc.

What Geographic Markets Are Powering Growth in the Interventional Radiology Market?
North America was the largest region in the interventional radiology global market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the interventional radiology market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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