Latest News- Interventional Radiology Products Market: Stents is expected to lead the Type segment during 2024-2028

The Interventional Radiology Products Market is being driven by Growing demand for minimally invasive surgical procedures

The Interventional Radiology Products Market is expected to grow at a CAGR of 7.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5449.6 million. Interventional radiology (IR) is a subspecialty of radiology that utilizes image-guided minimally invasive treatments to address various medical conditions, encompassing vascular diseases, cancer care, and common health issues that significantly impact men's and women's quality of life. Vendors in this sector are intensifying their research and development initiatives to introduce advanced IR products and upgrade existing systems. In June 2024, B. Braun Interventional Systems Inc. debuted its new ACCEL All-Purpose and Biliary Drainage Catheters, featuring a TrueGlide Hydrophilic Coating for efficient percutaneous drainage. Similarly, in January 2024, Cook Group Inc. launched its Slip-Cath Beacon Tip hydrophilic selective catheter, now approved for use in the US and Canadian markets. These innovations underscore the industry's commitment to delivering superior IR solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Stents
  • Catheters
  • Embolization devices
  • Inferior vena cava filters
  • Others
• Application
  • Cardiology
  • Urology and nephrology
  • Oncology
  • Gastroenterology
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for minimally invasive surgical procedures
• Increasing prevalence of chronic diseases
• Increasing geriatric population

However, the market also witnesses some limitations, which are as follows:

• Shortage of radiologists
• Risks associated with interventional procedures
• Regulations associated with interventional radiology products

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Market Scope in Interventional Radiology Products Market Research Report

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Research Analysis Overview

The Interventional Radiology Products Market encompasses a range of equipment and technologies used in interventional suites for endovascular interventions. These include diagnostic imaging techniques for precise identification of conditions such as vascular malformations, cancer, peripheral vascular disease, neurointerventional procedures, cardiac interventions, and renal interventions. Therapeutic interventions include oncological procedures like image-guided biopsies, ablation technology, endovascular grafts, thrombosis treatment, embolization materials, and contrast media. Advanced tools like medical imaging software, radiation safety protocols, surgical planning software, patient monitoring systems, surgical instrumentation, tissue characterization, perfusion imaging, procedural efficiency, complication rates, treatment efficacy, and clinical outcomes play crucial roles in enhancing the effectiveness and safety of these interventions.

Market Research Overview

The Interventional Radiology Products Market is a significant segment of the global healthcare equipment market, encompassing image-guided surgery, vascular access techniques, embolization procedures, and minimally invasive surgery. According to Technavio, this market is characterized by the adoption of advanced fluoroscopy systems and the ongoing research and development (R&D) of differentiated, clinically tested devices. The global healthcare equipment market, which includes manufacturers of diagnostic equipment and devices used across various therapy areas, generates revenue primarily from capital equipment, instruments, implants, accessories, and consumables. The interventional radiology products market's growth is driven by the increasing prevalence of chronic diseases, the rising demand for minimally invasive procedures, and technological advancements in imaging technologies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/