The global interventional radiology market size was valued at USD 17,330 million in 2018 and expected to grow at a CAGR of 6.8% during the forecast period. Interventional radiology is also known as vascular and interventional radiology (VIR). It is defined as a minimally invasive image-guided technique that is used for the diagnosis and treatment of various diseases (such as cancer) and in endovascular surgeries. X-ray, CT-Scan, MRI and Ultrasound are the major products of interventional radiology that are currently prevalent in the market. There are various advantages of the interventional radiology (such as low cost, faster recovery) that are responsible for its increasing popularity in the market. The global interventional radiology market is anticipated to grow with the CAGR of 6.8% during the period 2018-2023. Increasing prevalence of the chronic diseases such as cancer and growing popularity of the minimally invasive technology are estimated to be the major factors that are driving the growth of the market. In addition, technological advancement in the interventional radiology devices, increasing geriatric population and faster recovery and cost effectiveness are also estimated to be the major factors that are augmenting the growth of the market.

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Increasing geriatric population is estimated to be the major driver of the interventional radiology market. According to WHO, in the year 2015, the total number of geriatric population across the globe was estimated to be around 900 million, up from 524 million in the year 2010. It is further estimated to reach 1.5 billion by the year 2050. Population aged more than 65 years are more prone to chronic disease due to their weak immune system. Therefore, increasing geriatric population is also estimated to fuel the growth of the market.

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Global Interventional Radiography Market segmentation

By diagnostic modalities

Angiography systems

Biopsy devices

Ct scan

Fluroscopy systems

Mri systems

Ultrasound imaging systems

Others (imaging catheter guidewires, c-arm)

By applications

Cardiology

Oncology

Neurologic

Gastroenterology

Others orthopedics, gynecology)

By procedure

Angiography

Angioplasty

Biopsy and drainage

Embolization

Thrombolysis

Vertebroplasty

Neurostomy

Other procedure (fallopian tube recanalization, cholecystectomy)

Competitive landscape

Market share analysis

Key company analysis

Regional analysis

North america

United states

Canada

Rest of north america

Europe

United kingdom

France

Germany

Italy

Spain

Rest of europe

Asia pacific

India

China

Japan

Rest of the world

Company profiles

Agfa-gavaert n.v.

Analogic corporation

Carestream health

Estaote s.p.a.

Fujifilm holding corporation

Ge healthcare

Hitachi medical corporation

Hologic inc.

Koninklijke philips n.v.

Medtronic plc.

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