Interventional radiology procedures are minimally invasive medical procedures that are guided via imaging technologies to diagnose or treat diseases. These procedures utilize medical imaging such as X-rays, ultrasounds, CT scans, and MRIs to visualize organs, blood vessels, and tissues. Some key advantages of interventional radiology procedures include reduced risks of surgical complications, shorter hospital stays, faster recovery times, and smaller incisions resulting in less pain and scarring.
The global Interventional Radiology Market is estimated to be valued at US$ 29856.31 Th in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends driving the growth of the interventional radiology market is the rising preference for minimally invasive procedures. Minimally invasive procedures cause less damage to the body and allow for shorter hospital stays. This translates to lower costs for patients and faster recovery times. As patients are becoming more aware of the benefits of minimally invasive treatments such as reduced trauma, scarring, and pain along with lower risks of surgical complications, the demand for interventional radiology procedures is increasing significantly. Various advantages offered by minimally invasive techniques such as interventional radiology over traditional open surgeries are a major factor accentuating the growth of this market.
Segment Analysis
The Global Interventional Radiology Market Size can be segmented based on product into MRI systems, ultrasound imaging systems, CT scanners, angiography systems, fluoroscopy systems, biopsy devices, and other devices. Amongst these, the angiography systems segment dominates the market and accounts for the largest share. Angiography enables non-invasive procedures for identification of any abnormalities in blood vessels and is considered a gold standard for vascular imaging. This has resulted in the higher adoption of angiography systems globally.
Key Takeaways
The global interventional radiology market is expected to witness high growth over the forecast period of 2024 to 2031.
Regional analysis: North America is currently the dominant region in the global interventional radiology market owing to the presence of major players and higher adoption of advanced medical technologies. However, Asia Pacific is expected to grow at the fastest pace during the forecast period due to growing healthcare expenditure, rising medical tourism, and increasing incidents of chronic diseases in the region.
Key players: Key players operating in the interventional radiology market are Colt, General Electric, Hitachi Medical Corporation, Koninklijke Philips N.V., Siemens Healthineers, Canon Inc., Bovie Medical Corporation, Medtronic, Agfa Healthcare, and Varian Medical Systems. Colt and General Electric currently hold the largest market shares due to their robust product portfolios and global presence.
Get More Insights On This Topic: https://www.newsstatix.com/interventional-radiology-market-size-share-analysis-2023-2030/
The Global Minimally-Invasive Cosmetic Procedures Market is growing pervasively mainly due to the augmenting demand for procedures such as microdermabrasion, laser hair removal, and others.
The Minimally-Invasive Cosmetic Procedures Market is increasing the uptake of these procedures.
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), Hair Removal Laser, and Botulinum Toxins among others.By Application: Acne & Trauma Scars, Hyperpigmentation, and Adipose Tissue Regeneration among others.By End-users: Hospitals, Dermatology Clinics, and Home Care, among others.By Regions: Europe, North America, APAC and the Rest-of-the-World.The minimally-invasive cosmetic procedures market appears highly competitive and fragmented characterized by several large-scale players having a regional and international presence.
Well-established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage and to maintain their positions in this market.
