Interventional radiology is a medical specialty that focuses on diagnosing and treating patients with minimally invasive image-guided procedures. In this medical specialty, radiological guidance systems and technologies such as x-ray, MRI, CT, fluoroscopy, and other modalities are used. The most common interventional radiological procedure performed using these technologies is for the diagnosis of any disorder that the patient may have, which can be detected through visualization through photographs. Vascular and interventional radiology are other terms for interventional radiology (VIR). The shift in consumer preference for the minimally invasive procedure would raise demand for interventional radiology technologies, resulting in a faster growth rate for the market.
MARKET SCOPE
The interventional radiology products market is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the interventional radiology products Market with detailed market segmentation by type, procedure, application, and geography. The report provides key statistics on the market status of the players and offers key Interventional Radiology Products Market trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the Interventional Radiology Products Market is segmented into:
- Catheters
- Stents
- Inferior Vena Cava (IVC) Filters
- Hemodynamic Flow Alteration Devices
- Angioplasty Balloons
- Thrombectomy Systems
- Embolization Devices
- Biopsy Needles
- Accessories
- Other Interventional Radiology Products
- On the basis of Procedure, the market is segmented into:
- Angioplasty
- Angiography
- Embolization
- Thrombolysis
- Biopsy & Drainage
- Vertebroplasty
- Nephrostomy
- Other Procedures
- By application the Interventional Radiology Products Market is segmented into:
- Cardiology
- Urology & Nephrology
- Oncology
- Gastroenterology
- Neurology
- Orthopedics
- Other Applications
MARKET DYNAMICS
Drivers:
- Rise in minimally invasive techniques with increasing demand for painless drug managament
- Rising chronic disease prevalence across the globe.
- Surging Healthcare expenditure and increasing demand for painless drug administration
Restraints:
- Advanced medicines are expensive and difficult to obtain.
- High radiation exposure poses hazards.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Interventional Radiology Products Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the Interventional Radiology Products Market in these regions.
IMPACT OF COVID-19 ON Interventional Radiology Products MARKET
COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has affected the growth of this market worldwide due to the business shutdown, worldwide lockdown, and supply and trade disruptions.
MARKET PLAYERS
The report covers key developments in the Interventional Radiology Products Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and part partnerships Collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the Interventional Radiology Products Market are anticipated to have lucrative growth opportunities in the future with the rising demand Interventional Radiology Products Market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Interventional Radiology Products Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Medtronic
- Boston Scientific Corporation
- Becton
- Dickinson and Company
- Abbott
- Cardinal Health
- B.Braun Melsungen AG
- Stryker
- Terumo Medical Corporation
- Biosensors International Group, Ltd.