logo image
search icon
Global Interventional Radiology Products Market

Interventional Radiology Products Market Size, Share & Trends Analysis Report By Type (Catheters, Stents, Inferior Vena Cava (IVC) Filters, Hemodynamic Flow Alteration Devices, Angioplasty Balloons, Other Interventional Radiology Products), By Procedure, By Application, By Region, And By Segment Forecasts, 2023-2031.

Report ID : 1269 | Published : 2024-03-12 | Pages: 185 | Format: PDF/EXCEL

The Interventional Radiology Products Market Size is valued at 20.5 Billion in 2022 and is predicted to reach 36.9 Billion by the year 2031 at a 6.9 % CAGR during the forecast period for 2023-2031.

Interventional Radiology Products Market

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.

Market Segmentation:

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.

Based on Applications, the cardiology segment is accounted as a major contributor in the Interventional Radiology Products Market

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 Stents Segment Witnessed Growth At A Rapid Rate.

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.

The North America Interventional Radiology Products Market Holds A significant Revenue Share In The Region.

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.

Competitive Landscape

Some major key players in the Interventional Radiology Products Market:

  • Medtronic (Ireland),
  • Boston Scientific Corporation (US),
  • Becton, Dickinson and Company (US),
  • Abbott (US),
  • Cardinal Health (US),
  • 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),
  • other prominent players

Interventional Radiology Products Market Report Scope

Report Attribute

Specifications

Market size value in 2022

USD 20.5 Billion

Revenue forecast in 2031

USD 36.9 Billion

Growth rate CAGR

CAGR of 14.2 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

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; China; Japan; India; South Korea; South East Asia; 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, 2020 & 2030

5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 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, 2020 & 2030

6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 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, 2020 & 2030

7.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 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, 2020-2030

7.1.2. North America Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Applications, 2020-2030

7.1.3. North America Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by country, 2020-2030

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, 2020-2030

7.2.2. Europe Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Applications, 2020-2030

7.2.3. Europe Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2030

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, 2020-2030

7.3.2. Asia Pacific Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Applications, 2020-2030

7.3.3. Asia Pacific Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2030

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) 2020-2030

7.4.2. Latin America Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Applications, (US$ Million) 2020-2030

7.4.3. Latin America Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2020-2030

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) 2020-2030

7.5.2. MEA revenue Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) By Applications, (US$ Million) 2020-2030

7.5.3. MEA revenue Interventional Radiology Products Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2020-2030

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

Segmentation of Global Interventional Radiology Products Market-

By Type-

  • Catheters
  • Stents
  • Inferior Vena Cava (IVC) Filters
  • Hemodynamic Flow Alteration Devices
  • Angioplasty Balloons
  • Thrombectomy Systems
  • Embolization Devices
  • Biopsy Needles
  • Accessories
  • Other Interventional Radiology Products

Interventional Radiology Products Market

By Procedure-

  • Angioplasty
  • Angiography
  • Embolization
  • Thrombolysis
  • Biopsy & Drainage
  • Vertebroplasty
  • Nephrostomy
  • Other Procedures

By Applications-

  • Cardiology
  • Urology & Nephrology
  • Oncology
  • Gastroenterology
  • Neurology
  • Orthopedics
  • Other Applications

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and 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:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

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: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

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.

user icon
office icon
mail icon
call icon

This website is secure, and we do not share your personal information with any third party. Privacy Policy

Need Customization
Need specific information/chapter from the report of the custom data table, graph or complete report? Tell us more.

Frequently Asked Questions

Who are the Key Players in the Interventional Radiology Products Market?

The Interventional Radiology Products Market Size is valued at 20.5 Billion in 2022 and is predicted to reach 36.9 Billion by the year 2031.

The Interventional Radiology Products Market is expected to grow at a 6.9 % CAGR during the forecast period for 2023-2031.

Our Clients

  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo

Media Citations

  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo

Growth opportunities and latent adjacency in Medical Devices

Select Licence Type
$4456
$7786
$10000
$1200
Get Your GTM Strategy

Navigate market entry with channel selection, launch strategy & timeline, and pricing model support.

Equip yourself with the insights needed to develop a winning go-to-market strategy

Get real-time updates and joint control over project direction with our collaborative approach