| Product Code: ETC13277479 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Interventional Radiology Market was valued at USD 14.2 Billion in 2024 and is expected to reach USD 25.7 Billion by 2031, growing at a compound annual growth rate of 7.90% during the forecast period (2025-2031).
The Global Interventional Radiology Market is witnessing steady growth driven by advancements in technology, increasing prevalence of chronic diseases, and the shift towards minimally invasive procedures. Interventional radiology procedures offer less risk, shorter recovery times, and lower costs compared to traditional surgeries, leading to their rising adoption worldwide. Key trends in the market include the development of innovative imaging techniques, such as 3D and 4D imaging, and the expansion of interventional radiology applications across various medical specialties. North America currently dominates the market due to high healthcare expenditure and technological advancements, while the Asia-Pacific region is expected to witness the fastest growth due to improving healthcare infrastructure and increasing awareness about interventional radiology procedures. Major players in the global interventional radiology market include GE Healthcare, Siemens Healthineers, and Philips Healthcare.
The Global Interventional Radiology Market is witnessing significant growth fueled by advancements in technology, increasing prevalence of chronic diseases, and growing preference for minimally invasive procedures. Key trends include the adoption of image-guided techniques for precise diagnosis and treatment, the development of new interventional radiology devices, and the expansion of applications beyond traditional vascular and oncological procedures. Opportunities in the market exist for innovative products catering to specific disease conditions, increased collaboration between interventional radiologists and other medical specialties, and expanding into emerging markets with unmet healthcare needs. The market is expected to continue growing as healthcare systems worldwide prioritize cost-effective and minimally invasive treatment options, presenting promising prospects for companies operating in the interventional radiology space.
The Global Interventional Radiology Market faces several challenges, including limited awareness and understanding of interventional radiology procedures among patients and healthcare providers, which can hinder market growth. The high cost associated with interventional radiology equipment and procedures also poses a challenge, especially in developing regions with limited healthcare budgets. Additionally, the shortage of skilled interventional radiologists and technologists can impact the delivery of these specialized services. Regulatory hurdles and reimbursement issues further complicate market dynamics, making it challenging for companies to navigate and expand in this competitive landscape. Overcoming these obstacles will require targeted education efforts, investment in training programs, innovative cost-effective solutions, and collaboration with regulatory bodies to ensure market sustainability and growth.
The Global Interventional Radiology Market is driven by several key factors, including the increasing prevalence of chronic diseases such as cancer and cardiovascular disorders, which require minimally invasive procedures for diagnosis and treatment. Advancements in technology, such as the development of innovative imaging techniques and devices, have also contributed to the growth of the market by improving the accuracy and efficacy of interventional radiology procedures. Additionally, the rising demand for less invasive treatment options, shorter recovery times, and reduced healthcare costs are driving the adoption of interventional radiology techniques globally. Furthermore, the growing geriatric population and the expanding applications of interventional radiology in various medical specialties are expected to further propel market growth in the coming years.
Government policies related to the Global Interventional Radiology Market focus on regulating medical devices, ensuring patient safety, and promoting innovation in healthcare. Regulatory bodies such as the Food and Drug Administration (FDA) in the United States and the European Medicines Agency (EMA) in the European Union set standards for the approval and marketing of interventional radiology devices. These policies aim to ensure the effectiveness and safety of these devices, as well as to safeguard patients from potential risks. Additionally, governments may provide funding or incentives to encourage research and development in interventional radiology technologies, fostering innovation in the healthcare industry. Overall, government policies play a crucial role in shaping the landscape of the interventional radiology market by balancing regulation with innovation.
The Global Interventional Radiology Market is poised for substantial growth in the coming years due to factors such as technological advancements, increasing prevalence of chronic diseases, and a shift towards minimally invasive procedures. The market is expected to witness a steady rise in demand for interventional radiology procedures across various medical specialties, including cardiology, oncology, and neurology. Additionally, the expanding elderly population and rising healthcare expenditure in emerging economies are projected to further drive market growth. With ongoing research and development activities focusing on enhancing interventional radiology techniques and equipment, the market is anticipated to experience significant expansion and innovation, offering lucrative opportunities for market players and contributing to the overall advancement of healthcare delivery globally.
In the Global Interventional Radiology Market, Asia is poised for significant growth due to increasing healthcare infrastructure development and rising demand for minimally invasive procedures. North America remains a key market driven by technological advancements and high adoption rates of interventional radiology techniques. Europe is characterized by a strong emphasis on research and development activities, leading to the introduction of innovative interventional radiology products. The Middle East and Africa region is experiencing a growing demand for interventional radiology services, driven by improving healthcare facilities and investments in advanced medical technologies. Latin America is witnessing steady growth, attributed to expanding healthcare access and a rising prevalence of chronic diseases driving the need for interventional radiology procedures. Overall, the global interventional radiology market is expected to see continued expansion across these regions, driven by technological advancements and increasing healthcare investments.
Global Interventional Radiology Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Interventional Radiology Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Interventional Radiology Market Revenues & Volume, 2021 & 2031F |
3.3 Global Interventional Radiology Market - Industry Life Cycle |
3.4 Global Interventional Radiology Market - Porter's Five Forces |
3.5 Global Interventional Radiology Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Interventional Radiology Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Interventional Radiology Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Interventional Radiology Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Global Interventional Radiology Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Interventional Radiology Market Trends |
6 Global Interventional Radiology Market, 2021 - 2031 |
6.1 Global Interventional Radiology Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Interventional Radiology Market, Revenues & Volume, By X-ray, 2021 - 2031 |
6.1.3 Global Interventional Radiology Market, Revenues & Volume, By Computed Tomography (CT), 2021 - 2031 |
6.1.4 Global Interventional Radiology Market, Revenues & Volume, By Magnetic Resonance Imaging (MRI), 2021 - 2031 |
6.1.5 Global Interventional Radiology Market, Revenues & Volume, By Ultrasound, 2021 - 2031 |
6.2 Global Interventional Radiology Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Interventional Radiology Market, Revenues & Volume, By Angiography, 2021 - 2031 |
6.2.3 Global Interventional Radiology Market, Revenues & Volume, By Balloon Angioplasty, 2021 - 2031 |
6.2.4 Global Interventional Radiology Market, Revenues & Volume, By Embolization, 2021 - 2031 |
6.2.5 Global Interventional Radiology Market, Revenues & Volume, By Biopsy, 2021 - 2031 |
6.2.6 Global Interventional Radiology Market, Revenues & Volume, By Vertebroplasty-Kyphoplasty, 2021 - 2031 |
6.2.7 Global Interventional Radiology Market, Revenues & Volume, By RF Ablation, 2021 - 2031 |
6.2.8 Global Interventional Radiology Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Interventional Radiology Market, Revenues & Volume, By End-user, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Interventional Radiology Market, Revenues & Volume, By Hospitals, 2021 - 2031 |
6.3.3 Global Interventional Radiology Market, Revenues & Volume, By Catheterization Labs, 2021 - 2031 |
6.3.4 Global Interventional Radiology Market, Revenues & Volume, By Ambulatory Surgical Centers, 2021 - 2031 |
6.3.5 Global Interventional Radiology Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Interventional Radiology Market, Overview & Analysis |
7.1 North America Interventional Radiology Market Revenues & Volume, 2021 - 2031 |
7.2 North America Interventional Radiology Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Interventional Radiology Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Interventional Radiology Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Interventional Radiology Market, Revenues & Volume, By End-user, 2021 - 2031 |
8 Latin America (LATAM) Interventional Radiology Market, Overview & Analysis |
8.1 Latin America (LATAM) Interventional Radiology Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Interventional Radiology Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Interventional Radiology Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Interventional Radiology Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Interventional Radiology Market, Revenues & Volume, By End-user, 2021 - 2031 |
9 Asia Interventional Radiology Market, Overview & Analysis |
9.1 Asia Interventional Radiology Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Interventional Radiology Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Interventional Radiology Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Interventional Radiology Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Interventional Radiology Market, Revenues & Volume, By End-user, 2021 - 2031 |
10 Africa Interventional Radiology Market, Overview & Analysis |
10.1 Africa Interventional Radiology Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Interventional Radiology Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Interventional Radiology Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Interventional Radiology Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Interventional Radiology Market, Revenues & Volume, By End-user, 2021 - 2031 |
11 Europe Interventional Radiology Market, Overview & Analysis |
11.1 Europe Interventional Radiology Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Interventional Radiology Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Interventional Radiology Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Interventional Radiology Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Interventional Radiology Market, Revenues & Volume, By End-user, 2021 - 2031 |
12 Middle East Interventional Radiology Market, Overview & Analysis |
12.1 Middle East Interventional Radiology Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Interventional Radiology Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Interventional Radiology Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Interventional Radiology Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Interventional Radiology Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Interventional Radiology Market, Revenues & Volume, By End-user, 2021 - 2031 |
13 Global Interventional Radiology Market Key Performance Indicators |
14 Global Interventional Radiology Market - Export/Import By Countries Assessment |
15 Global Interventional Radiology Market - Opportunity Assessment |
15.1 Global Interventional Radiology Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Interventional Radiology Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Interventional Radiology Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Interventional Radiology Market Opportunity Assessment, By End-user, 2021 & 2031F |
16 Global Interventional Radiology Market - Competitive Landscape |
16.1 Global Interventional Radiology Market Revenue Share, By Companies, 2024 |
16.2 Global Interventional Radiology Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |