Interventional Radiology Products Market Size is valued at 28.2 Billion in 2024 and is predicted to reach 49.9 Billion by the year 2034 at a 6.0% CAGR during the forecast period for 2025-2034.
Interventional radiology is a medical speciality that focuses on using minimally invasive image-guided techniques to diagnose and treat patients. Radiological guidance systems and technologies such as x-ray, MRI, CT, fluoroscopy, and other modalities are employed in this medical specialty. The most common interventional radiological procedures conducted using these technologies are for the diagnosis of any underlying illnesses that the patient may have, which can be discovered by photography visualization. Interventional radiology is sometimes known as vascular radiology or interventional radiology (VIR). The increased prevalence of chronic diseases such as heart disease and cancer among the global population will act as the main driver, propelling the market forward. Consumer demand for minimally invasive procedures will drive up demand for interventional radiology technologies, including CT scans, MRIs, and ultrasounds, resulting in a quicker market growth rate. The growing focus on the development of innovative/digital inhalers is another major factor driving market expansion.
Furthermore, rising healthcare costs and growing demand for painless drug administration are two significant aspects that will propel the market forward. Similarly, as the number of applications grows, the market's growth rate accelerates. Rapid urbanization, changing lifestyles, and increased disposable incomes in developing and developed countries will influence the rate of growth of the interventional radiology products market. The market for interventional radiology devices would benefit from an increase in the senior population as well as good reimbursement circumstances. On the other side, the high costs of digital radiology instruments such as CT scanners, X-ray systems, and MRI scanners will stifle industry growth. High radiation exposure and tough competition among market competitors will also pose challenges to the interventional radiology products market. Furthermore, a lack of trained workers and a lack of information will break down the market's growth rate, delaying it.
The Interventional Radiology Products market is categorized on the basis of Type, Procedure and application. Based on type, the market is segmented as Catheters, Stents, Inferior Vena Cava (IVC) Filters, Hemodynamic Flow Alteration Devices, Angioplasty Balloons, Thrombectomy Systems, Embolization Devices, Biopsy Needles, Accessories, and Other Interventional Radiology Products. On the basis of Procedure market is segmented into Angioplasty, Angiography, Embolization, Thrombolysis, Biopsy & Drainage, Vertebroplasty, Nephrostomy, and Other Procedures. By applications, the market is segmented into Cardiology, Urology & Nephrology, Oncology, Gastroenterology, Neurology, Orthopedics, and Other Applications.
Cardiology, Urology & Nephrology, Oncology, Gastroenterology, Neurology, Orthopedics, and Other Applications are the market segments based on application. In 2019, the cardiology segment dominated the market. Cardiology problems are becoming increasingly common in the adult and geriatric populations. As patients grow older, the need for high-quality care to treat this illness grows as well. As a result, a number of countries are working to improve access to interventional radiology treatment.
The market is segmented based on type: Catheters, Stents, Inferior Vena Cava (IVC) Filters, Hemodynamic Flow Alteration Devices, Angioplasty Balloons, Thrombectomy Systems, Embolization Devices, Biopsy Needles, Accessories, and Other Interventional Radiology Products. Stents dominate the interventional radiology product market. The expanding incidence of cardiac illnesses and cancer, as well as the increasing number of angioplasty operations, performed globally, are responsible for the considerable share of this category.
In 2019, North America was the most important regional market for the market. The region's substantial market share is due to a high prevalence of chronic diseases, a growing elderly population, an increase in the usage of minimally invasive procedures, and the existence of prominent companies in the region. On the other hand, the interventional radiology products market in the Asia Pacific is estimated to grow at the quickest CAGR during the forecast period. The rising prevalence of chronic diseases, the growing demand for quality medical care, rising healthcare spending and government initiatives, increasing disposable income, growth in the medical device industry, and improvements in healthcare infrastructure in Southeast Asian countries are all significant factors driving the Asia Pacific market's growth.
|
Report Attribute |
Specifications |
|
Market size value in 2024 |
USD 28.2 Billion |
|
Revenue forecast in 2034 |
USD 49.9 Billion |
|
Growth rate CAGR |
CAGR of 6.0% from 2025 to 2034 |
|
Quantitative units |
Representation of revenue in US$ Million and CAGR from 2025 to 2034 |
|
Historic Year |
2021 to 2024 |
|
Forecast Year |
2025-2034 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
By Type, By Procedure, By Application |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; South Korea; South East Asia |
|
Competitive Landscape |
Medtronic (Ireland), Boston Scientific Corporation (US), Becton, Dickinson and Company (US), Abbott (US), Cardinal Health (US), B. Braun Melsungen AG (Germany), Stryker (US), Terumo Medical Corporation (Japan), Cook Medical (US), Biosensors International Group, Ltd. (Singapore), Teleflex Incorporated (US), iVascular S.L.U. (Spain), Penumbra, Inc. (US), BIOTRONIK SE & Co. KG (Germany), ENDOCOR GmbH (Germany), Meril Life Sciences Pvt. Ltd. (India), Palex Medical (Spain), UreSil, LLC (US), Alvimedica (Turkey), Cardionovum GmbH (Germany), SMT (India), Medinol Ltd. (Israel), Comed B.V. (Netherlands), SCITECH (Brazil), Balton Sp. z o.o. (Poland), Rontis (Switzerland), and other prominent players |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Interventional Radiology Products Market Snapshot
Chapter 4. Global Interventional Radiology Products Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Industry Analysis – Porter’s Five Forces Analysis
4.6. Competitive Landscape & Market Share Analysis
4.7. COVID 19 Impact Analysis
Chapter 5. Interventional Radiology Products Market Segmentation 1: By Types Estimates & Trend Analysis
5.1. By Types & Market Share, 2024 & 2034
5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2021 & 2034 for the following By Types:
5.2.1. Catheters
5.2.2. Stents
5.2.3. Inferior Vena Cava (IVC) Filters
5.2.4. Hemodynamic Flow Alteration Devices
5.2.5. Angioplasty Balloons
5.2.6. Thrombectomy Systems
5.2.7. Embolization Devices
5.2.8. Biopsy Needles
5.2.9. Accessories
5.2.10. Other Interventional Radiology Products
Chapter 6. Interventional Radiology Products Market Segmentation 2: By Procedure Estimates & Trend Analysis
6.1. By Procedure Analysis & Market Share, 2024 & 2034
6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2021 & 2034 for the following By Procedure:
6.2.1. Cardiology
6.2.2. Angioplasty
6.2.3. Angiography
6.2.4. Embolization
6.2.5. Thrombolysis
6.2.6. Biopsy & Drainage
6.2.7. Vertebroplasty
6.2.8. Nephrostomy
6.2.9. Other Procedures
Chapter 7. Interventional Radiology Products Market Segmentation 4: By Applications Estimates & Trend Analysis
7.1. By Applications Analysis & Market Share, 2024 & 2034
7.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2021 & 2034 for the following By Applications:
7.2.1. Cardiology
7.2.2. Urology & Nephrology
7.2.3. Oncology
7.2.4. Gastroenterology
7.2.5. Neurology
7.2.6. Orthopedics
7.2.7. Other Applications
Chapter 8. Interventional Radiology Products Market Segmentation 5: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Types, 2021 & 2034
7.1.2. North America Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Applications, 2021 & 2034
7.1.3. North America Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by country, 2021 & 2034
7.1.3.1. U.S.
7.1.3.2. Canada
7.2. Europe
7.2.1. Europe Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Types, 2021 & 2034
7.2.2. Europe Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Applications, 2021 & 2034
7.2.3. Europe Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) by country, 2021 & 2034
7.2.3.1. Germany
7.2.3.2. Poland
7.2.3.3. France
7.2.3.4. Italy
7.2.3.5. Spain
7.2.3.6. UK
7.2.3.7. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Types, 2021 & 2034
7.3.2. Asia Pacific Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Applications, 2021 & 2034
7.3.3. Asia Pacific Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) by country, 2021 & 2034
7.3.3.1. China
7.3.3.2. India
7.3.3.3. Japan
7.3.3.4. Australia
7.3.3.5. Rest of Asia Pacific
7.4. Latin America
7.4.1. Latin America Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Types, (US$ Million) 2021 & 2034
7.4.2. Latin America Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Applications, (US$ Million) 2021 & 2034
7.4.3. Latin America Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2021 & 2034
7.4.3.1. Brazil
7.4.3.2. Rest of Latin America
7.5. MEA
7.5.1. MEA revenue Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Types, (US$ Million) 2021 & 2034
7.5.2. MEA revenue Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Applications, (US$ Million) 2021 & 2034
7.5.3. MEA revenue Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2021 & 2034
7.5.3.1. South Africa
7.5.3.2. Rest of MEA
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
8.2.1. Medtronic (Ireland)
8.2.2. Boston Scientific Corporation (US)
8.2.3. Becton, Dickinson and Company (US)
8.2.4. Abbott (US)
8.2.5. Cardinal Health (US)
8.2.6. B. Braun Melsungen AG (Germany)
8.2.7. Stryker (US)
8.2.8. Terumo Medical Corporation (Japan)
8.2.9. Cook Medical (US)
8.2.10. Biosensors International Group, Ltd. (Singapore)
8.2.11. Teleflex Incorporated (US)
8.2.12. iVascular S.L.U. (Spain)
8.2.13. Penumbra, Inc. (US)
8.2.14. BIOTRONIK SE & Co. KG (Germany)
8.2.15. ENDOCOR GmbH (Germany)
8.2.16. Meril Life Sciences Pvt. Ltd. (India)
8.2.17. Palex Medical (Spain)
8.2.18. UreSil, LLC (US)
8.2.19. Alvimedica (Turkey)
8.2.20. Cardionovum GmbH (Germany)
8.2.21. SMT (India)
8.2.22. Medinol Ltd. (Israel)
8.2.23. Comed B.V. (Netherlands)
8.2.24. SCITECH (Brazil)
8.2.25. Balton Sp. z o.o. (Poland)
8.2.26. Rontis (Switzerland).
8.3. List of Other Prominent Players
By Type-
By Procedure-
By Applications-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
