Main objective of this research is to provide information about interventional radiology market, type, procedure, application, and end user.
Figure 2: Market Synopsis
Sources: Press release, presentation, company website, annual reports, government records, journals expert interview.
Interventional radiology is a sub specialty of radiology, which utilizes minimally invasive procedure for diagnosis and treatment of diseases. The aim of interventional radiology is to minimize the risk to patients and improve health outcomes. Interventional radiologists perform both diagnostic and therapeutic procedures. MRI and CT scan are most widely used techniques in interventional radiology. The demand for minimally invasive procedures, extensive use of interventional radiology techniques, and increasing incidence of lifestyle diseases like obesity, heart diseases, and others boost the growth of this market in America. The American market for Interventional radiology is expected to grow at a CAGR of about 5.12% during the forecast period 2017-2023.
Americas interventional radiology market has been segmented on the basis of types, procedure, application and end users. On the basis of types, the market is further segmented into MRI, Ultrasound imaging, CT scan, and angiography. On the basis of procedure, the market is segmented into diagnostic and therapeutic procedures. Diagnostic procedures include angiography, cholangiography, and biopsy. Therapeutic procedures include vascular, catheter placement, ablative, genitourinary, and pain management. On the basis of application, the market is segmented into cardiology, oncology, urology, nephrology, others. On the basis of by end user, it is segmented into hospitals, catheterization labs, and ambulatory surgical centers.
Americas interventional radiology market consists of North America and South America. North America accounts for the largest market share, and its growth is attributed to the presence of global market leaders, extensive use of interventional radiology, increasing the prevalence of chronic diseases such as diabetes, cancer, and other diseases. Furthermore, the prevalence of cardiovascular diseases and the rising demand for minimally invasive procedures drive the growth of this market. Additionally, new products launch and technological advancements favor the growth of this market in America. However, fierce competition among major players may hamper entry of new participants in the market.
General Electric (U.S), Siemens Medical Solutions USA, Inc. (U.S), Toshiba Medical Systems Corporation (Japan), Hitachi Medical Corporation (Japan), Carestream Health (U.S.), Hologic, Inc. (U.S), Cardinal Health (U.S.), B. Braun Melsungen AG (Germany), C.R Bard, Inc. (U.S.), Stryker (U.S.), and Cook Medical Inc. (U.S.).
The report for interventional radiology market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions
Figure 1: America’s interventional radiology market share, by type, 2016
Source: Press release, company presentation, annual reports