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Interventional Radiology Market Attracts Profitable Prospects owing to Rising Incidences of Cancer, Notes TMR Study

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News provided by

Transparency Market Research

02 Aug, 2022, 16:30 BST

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  • Increase in prevalence of cardiac diseases across the globe is propelling the interventional radiology market
  • Rise in adoption of next-gen healthcare technologies in North America is expected to bolster the regional market

WILMINGTON, Del., Aug. 2, 2022 /PRNewswire/ -- A study by Transparency Market Research (TMR) states that the global interventional radiology market is expected to expand at a CAGR of 5.2% during the forecast period. The market for interventional radiology was valued at US$ 16.36 Bn in 2018.

The report by TMR offers in-depth analysis of key factors influencing the growth trajectory of the interventional radiology market. Hence, readers gain access to study of the growth drivers, growth opportunities, expansion avenues, R&Ds, and emerging trends in interventional radiology market. This aside, the report also shed light on the recent developments in the market for interventional radiology.

Major companies operating in the global interventional radiology market are executing different strategies such as acquisition & collaborative agreements in order to stay ahead of the market competition. In addition, players are focused on regulatory approvals, new product launches, and R&Ds in order to develop cutting-edge products. Such efforts are prognosticated to help in the rapid expansion of the interventional radiology market during the forecast period, note researchers at TMR.

In terms of region, the interventional radiology service providers are anticipated to gain profitable prospects in the North America region. The growth of the North America interventional radiology market is ascribed to many factors including the early adoption of technological advancements in the regional healthcare industry.

Get Exclusive PDF Sample Copy of Interventional Radiology Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1337

Interventional Radiology Market: Key Findings

  • Interventional radiology is being utilized in a wide range of applications including angioplasty & stent placement, angiography, balloon angioplasty, vertebroplasty-kyphoplasty, and cancer. Moreover, the Journal of American College of Cardiology states that approximately 70% of the coronary angioplasties carried out globally utilize different types of imaging techniques. Thus, a surge in the application of this technology globally is generating business opportunities in the interventional radiology market. Moreover, a surge in the cases of cardiology diseases is likely to result into rise in the demand for interventional radiology devices globally.
  • Rise in the prevalence of cancer patients across the globe is resulting into a surge in the demand for interventional radiologists globally. This factor is creating prominent opportunities in the interventional radiology market. This aside, the government as well as no-government organizations across the globe are taking initiatives to carry out different types of awareness programs pertaining to different critical diseases including cancer. These factors, in turn, are expected to help in driving the growth of the Interventional radiology market share during the forecast period.
  • Due to increase in the adoption of next-gen technologies in the healthcare sector, there has been a rise in the use of different advanced advancements including fractional flow reserve (FFR) and optical coherence tomography (OCT) technique for stenting multi-vessel disease patients. This factor is foreseen to fuel the demand opportunities in the interventional radiology market during the forecast period.

Ask for References – https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=1337

Interventional Radiology Market: Growth Boosters

  • Rise in the number of people suffering from cancer is fueling the growth of interventional radiology market
  • Increase in commonness of late pregnancies and rise in the maternal age across the globe are expected to boost the interventional radiology market size during the forecast period

Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1337

Interventional Radiology Market: Key Players

Some of the key players profiled in the report are:

  • FUJIFILM Holdings Corporation,
  • Agfa-Gevaert Group.,
  • Hitachi Medical Corporation,
  • GE Healthcare,
  • Medtronic , Inc.,
  • Hologic, Inc.,
  • N.V., Siemens,
  • Koninklijke Philips
  • CANON MEDICAL SYSTEMS CORPORATION
  • Teleflex Incorporated

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research:

X-ray Market: The X-ray market is estimated to progress at a modest CAGR of 5.5% throughout the forecast period. Companies are increasing their efficacy in services to customize the optimum pixel size for specific needs of OEMs within a reasonable short lead time.

Angiography Devices Market: The demand in the global angiography devices market will multiply at a notable CAGR of 4.3% during the forecast period of 2017 to 2025.

Angioplasty Balloons & Stents Market: The global angioplasty balloons & stents market is expected to grow at a moderate CAGR of 4.5% during the forecast period.

Vertebroplasty and Kyphoplasty Market: The global vertebroplasty and kyphoplasty market was valued at US$ 1.0 Bn in 2018 and is anticipated to expand at a CAGR of 4.6% from 2019 to 2027.

X-ray Detectors Market: The X-ray detectors market is projected to mature from a revenue of US$ 2.5 Bn in 2020 and reach US$ 4.6 Bn by 2031.

Healthcare Biometrics for Children Market: The global healthcare biometrics for children market is anticipated to reach more than US$ 1.30 Bn by the end of 2031.

Water for Injection Market: The global water for injection market is anticipated to reach more than US$ 53.8 Bn by the end of 2031 and to advance at a CAGR of 9.5% from 2022 to 2031.

Portable Oxygen Concentrators Market: The global market study on portable oxygen concentrator estimates the market to rise at a high CAGR during the forecast period, from 2018 to 2026.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
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SOURCE Transparency Market Research

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