Interventional Radiology Market Opportunity will Rise to US$22.9 bn by 2024

The global interventional radiology market is prognosticated to witness a highly positive growth trajectory in the years to come. According to a report by Transparency Market Research (TMR), the market constitutes to a great extent a merged aggressive scene, with the best five players representing a significant portion of the market in 2015. Philips Healthcare, Hitachi Medical Corporation, GE Healthcare, Toshiba Medical Systems Corporation, and Siemens Healthcare lead the worldwide market attributable to differentiated product profiles, market vicinity, and securing procedures. Product improvement capacities have additionally worked in the support of these organizations throughout the years. With dispatch of innovational products, such as the interventional x-beam hardware assortments EchoNavigator, Allura 3D, and FlexVision, these organizations are relied upon to hold their dominant market position in the following years.

Read Report Overview: https://www.transparencymarketresearch.com/interventional-radiology-market.html

TMR notes that the worldwide interventional radiology advertise was valued to be at US$13.8 bn in 2015 and is anticipated to exhibit a 5.8 % CAGR between 2016 and 2024. On the off chance that the forecast remains constant, the market is relied upon to achieve US$22.9 bn by 2024. Of the key utilizations of interventional radiology, the embolization segment commands about 24% of the market's general valuation in 2015. North America is the regionally dominant market, with almost 38% of the worldwide market share held in 2015.

Demand of Minimally Invasive Procedures to Propel Embolization Segment

Based on technique, the worldwide interventional radiology market is classified into kyphoplasty, expand angioplasty, RF removal, biopsy, embolization, vertebroplasty and angiography. The segment of embolization held a huge share in the market and is relied upon to develop over the coming years on account of riding instances of trauma and injuries over the globe. The popularity for minimal invasive and rising worldwide pervasiveness of strokes will supplement the development of the angiography fragment over the forecast duration.

Request Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1337

North America held the regionally dominant position in the worldwide interventional radiology market. This district is predicted to demonstrate a noteworthy ascent notwithstanding the developing interest for minimally invasive procedures and an unending supply of innovative propelled hardware and gadgets. Moreover, rising event of an assortment of diseases, change in innovation, and entrenched social insurance offices will supplemented the development of the market in this region throughout the years.

Technological Innovation in Medical Field to Offer Rich Market Opportunity

As the applications and strategies related with it have extended, Interventional Radiology has developed as a medicinal claim to fame. The most well-known interventional radiology methods include: angiography, swell angioplasty, biliary waste and stenting, focal venous access, embolization, chemo-embolization, and uterine corridor embolization. Extra strategies including interventional radiology are: needle biopsies, gastronomy tubes, hemodialysis access and support, thrombolysis, and transjugular intrahepatic portosystem shunt (TIPS). Catheter-based indicative and restorative apparatuses, for instance, fast trade catheters and transcatheter applications have been as of late presented alongside ceratoid supply route stenting, as new ways to deal with flow medications of fringe vascular infections utilizing more up to date stent advances.

Download Brochure of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1337

Besides, the advancement of new strategies in market, for instance, Optical Coherence Tomography (OCT) and Fractional Flow Reserve (FFR) are driving the market of Interventional Radiology. Though, the constrained or no repayment offices for the interventional radiology is restricting the improvement of market.

Interventional Radiology Market - Latest Innovations, Drivers, Restraints, Challenges and Forecast 2016 - 2024

With reference to competition, the global interventional radiology market is highly consolidated, notes Transparency Market Research (TMR). The competitive scenario features GE Healthcare, Hitachi Medical Corporation, Siemens Healthcare, Philips Healthcare, and Toshiba Medical Systems Corporation at the top. In 2015, these five companies held a whopping 60% in the global market for interventional radiology. Product innovation, partnerships, collaborations, mergers, and acquisitions are some frequently adopted business strategies of these firms. Several other firms have been focusing on expanding their presence.
For instance, in May 2017, Alliance Healthcare Services, Inc., a major supplier of outsourced oncology, radiology, and interventional services made an announcement that its oncology division, Alliance Oncology, is partnering Red Rocks Radiation and Oncology, LLC. The primary objective of the partnership is to offer superior clinical quality along with higher patient experience, covering patients residing in the Colorado region.
This 172 page report gives readers a comprehensive overview of the interventional radiology market. Browse through 24 data tables and 60 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/interventional-radiology-market.html
In 2015, the global market for interventional radiology was pegged at US$13.8 bn. Promising significant growth, the market is expected to attain a revenue worth US$22.9 bn by the end of 2024. The global interventional radiology market is expected to expand a healthy CAGR of 5.8% between the forecast years 2016 and 2024.
Growing Incidence of Traumatic Disorders Places Embolization Segment at the Fore
By application, the embolization segment accounted for a share of 24% in 2014 and is expected to continue to hold its dominance over the forecast period as well. The increasing prevalence of diseases such as traumatic injuries has been promoting the advancement of this segment. By geography, North America surfaced as the leading segment of the global interventional radiology market in 2015, thanks to the rising demand for minimally invasive procedures and continuous upgrading of medical devices in the region.
Increasing Geriatric Population Responsible for Growing Demand
One of the primary growth drivers of the global market for interventional radiology is the alarming incidence of obesity all over the globe. Unhealthy eating habits, lack of exercise, and faulty lifestyles are leading to chronic diseases including cardiac conditions. As the number of people suffering from such disorders and diseases increases, the demand for interventional radiology is likely to pick up subsequently.
The rising geriatric population is also propelling the market for interventional radiology. Age is a significant risk factor associated with the contraction of numerous diseases. A great portion of the aging population has already been diagnosed with neurological, cardiovascular, and orthopedic disorders. Despite the advancement of the market, the lack of reimbursement policies across a number of regions can restrict growth. For instance, in developing countries such as India and Brazil, where the reimbursements are already low, a further reduction in reimbursements has been made. The high costs of equipment and surgeries has been responsible for this reduction in reimbursements.
Request a sample of this report to know what opportunities will emerge in the rapidly evolving interventional radiology market during 2016 - 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1337
Additionally, levying of high excise duties can also pose a challenge to the expansion of the global intervention radiology market. The medical device manufacturers globally are witnessing reduced profit margins, due to the presence of such taxes. However, the global intervention radiology market is likely to pick up steam with the emergence of new techniques used in intervention radiology such as fractional flow reserve and optical coherence tomography.



The information presented in this review is based on a Transparency Market Research report, titled, “Interventional Radiology Market (Products - X-ray, Computed Tomography, Magnetic Resonance Imaging (MRI), and Ultrasound; Application - Angiography, Balloon Angioplasty, Embolization, Biopsy, Vertebroplasty, Kyphoplasty, and RF Ablation; End user - Hospitals, Catheterization Labs, and Ambulatory Surgical Centers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

Interventional Radiology Market: Business Challenges, Emerging Technologies & Competitive Landscape

Global Interventional Radiology Market: Snapshot

The use interventional radiology procedures is witnessing a huge surge across the globe owing to their minimally invasive nature and benefits such as less recovery time and hospital stay. A number of interventional radiology procedures are being regularly used for the treatment of diseases such as cancer, cardiovascular diseases, and traumatic inquiries, the prevalence of which is rising at an alarming rate globally. The field of interventional radiology also holds immense promise owing to the wide range of applications and technological advancements.

As a result, the global interventional radiology market is poised to observe significant growth in the next few years. Transparency Market Research estimates that market will exhibit a CAGR of 5.8% over the period between 2016 and 2024. If the prediction holds true, the market, which valued at US$13.8 bn in 2015, is expected to reach US$22.9 bn by 2024.

Rising Numbers of Traumatic Injuries to Boost Demand for Embolization Procedures

View exclusive Global strategic Business Report : http://www.transparencymarketresearch.com/interventional-radiology-market.html

In terms of application, the global market for interventional radiology is examined for angiography, balloon angioplasty, embolization, vertebroplasty, biopsy, kyphoplasty, and RF ablation. Of these, the segment of embolization is expected to account for a share of 24.2% of the global market by 2024. The segment also holds the dominant position in the market presently and accounted for a 23.8% of the global market in 2015.

The rising prevalence of traumatic injuries across the globe is expected to drive the increased demand for embolization surgeries worldwide. According to the National Trauma Institute, traumatic injuries account for nearly 41 mn visits to emergency departments and over 2.3 mn hospital admissions. Traumatic injury is also a serious public health issue globally and is expected to lead to an increased demand for embolization surgeries in the near future.

The angiography segment is projected to account for a share of 21.0% in the global market by 2024. The rising global prevalence of strokes and high demand for minimally invasive surgeries will allow the segment to expand at a favorable pace over the forecast period. Biopsy and vertebroplasty-kyphoplasty are relatively smaller segments of the market, with a collective share of nearly 11.8% in the global market in 2015. The segment of biopsy is expected to register a CAGR of 5.6% during the forecast period owing to the increasing prevalence of breast cancer.

Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1337

Asia Pacific to Lead to Promising Growth Opportunities

With a 38.4% share, the North America interventional radiology market held the top spot in the global market in 2015. Rising demand for minimal invasive procedures and an endless supply of technological advanced devices and equipment are the major factors supporting the growth of the North America market. The x-ray segment gained the leading position in North America in the same year, accounting for over half of the market. Owing to factors such as improvement in technology, rising incidences of a variety of cancers, and well-established healthcare facilities, the North America market for interventional radiology is expected to expand at a swift pace over the next few years as well.

Although North America will continue to account for a higher share in the global interventional radiology market as compared to other regional markets over the forecast period as well, it is expected to lose prominence to the market in Asia Pacific in terms of rate of growth. The Asia Pacific interventional radiology market is expected to exhibit a 7.1% CAGR from 2016 through 2024. Rising prevalence of a variety of cancers, rising geriatric population, improving healthcare facilities, and rising disposable incomes and the relative rise in healthcare spending will play a key role in driving the Asia Pacific interventional radiology market over the said period.

The global interventional radiology market features a consolidated competitive landscape, wherein a relatively small number of companies account for a majority share in the market. Some of the key players operating in the global Interventional Radiology market are Agfa-Gevaert N.V., Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Corporation, Hologic, Inc., Medtronic plc., and Philips Healthcare.

Interventional Radiology Market - Latest Innovations, Drivers, Restraints, Challenges and Forecast 2016 - 2024

The global interventional radiology market features a largely consolidated competitive landscape, with the top five players accounting for around 60% of the market in 2015, observes a recent report by Transparency Market Research. These top five vendors, namely Philips Healthcare, Hitachi Medical Corporation, GE Healthcare, Toshiba Medical Systems Corporation, and Siemens Healthcare lead the global market owing to diversified product portfolios, extensive geographical presence, and acquisition strategies. Strong new product development capabilities have also worked in the favor of these companies over the years. With launch of innovative equipment such as the interventional x-ray equipment varieties EchoNavigator, Allura 3D, and FlexVision, these companies are expected to retain their dominance in the next few years as well.

Transparency market Research (TMR) states that the global interventional radiology market was valued at US$13.8 bn in 2015 and is expected to expand at a CAGR of 5.8 % over the period between 2016 and 2024. If the prediction holds true, the market is expected to reach US$22.9 bn by 2024. Of the key applications of interventional radiology, the segment of embolization presently dominates and held a nearly 24% of the market’s overall valuation in 2015. From a geographical perspective, North America dominated, acquiring a nearly 38% of the global market in 2015.

Rising Prevalence of Chronic Diseases and Mounting Global Population of Geriatrics Key to Market Growth

Busy lifestyles, lack of physical activities, and unhealthy habits such as smoking and poor diet are resulting in an epidemic of obesity, associated cardiac conditions, and several other chronic diseases. Chronic diseases are one of the leading causes of mortality and disabilities across the world. The increasing incidence of such conditions is expected to one of the foremost causes of the rising demand for interventional radiology procedures during the forecast period. Moreover, the evolution of new techniques such as optical coherence tomography (OCT) as well as fractional flow reserve (FFR), which is used for stenting patients with multi-vessel disease, are likely to increase the global adoption of interventional radiology techniques over the forecast period.

In addition to these factors, the rising global population of geriatrics is also expected to be one of the key factors driving the global interventional radiology market over the forecast period. Aging is associated with a large number of diseases and disorders. A majority of the geriatric population suffers from cardiovascular, neurological, and orthopedic disorders. The rising number of elderly individuals, therefore, is expected result in the increased demand for surgical interventions or acute care services in the near future.

View exclusive Global strategic Business Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1337

Lack of Encouraging Reimbursement Policies to Deter Adoption across Several Economies

Several countries on a global front have very limited or almost no reimbursement for intervention radiology products or procedures. Across several key developing economies such as Brazil and India, there has been a reduction in the already low reimbursement for procedures such as angioplasty and products such as cardiac stents owing to the high cost of the surgery and equipment of late. The situation is likely to hamper the growth of the intervention radiology market in the next few years.

In addition to this factor, the global interventional radiology market is also expected to be hampered owing to the high excise duties levied on the manufacturers of medical devices globally. The reduction in the profits of manufacturers owing to such taxes reflect in the increased costs of interventional radiology equipment, adding to the already high cost of procedures.

This review of the market is based on a recent market research report published by Transparency Market Research, titled “Interventional Radiology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”