The Americas market for interventional radiology is expected to exhibit a strong 5.12% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The Americas interventional radiology market is mainly driven by the growing demand for noninvasive and minimally invasive diagnostic procedures in the U.S. and Canada, which has resulted in strong product development in the field of interventional radiology.
Interventional radiology refers to minimally invasive radiology procedures used for diagnostic as well as therapeutic purposes. The growing demand for minimally invasive procedures, especially in the area of diagnostics, has been the major driver for the Americas interventional radiology market in the last few years. Widely used techniques such as CT and MRI are part of the interventional radiology market, which has been a key driver for the interventional radiology market in the Americas region. The widespread adoption of advanced CT and MRI technologies in the healthcare sector in North America is likely to remain a major driver for the interventional radiology market in the Americas region over the forecast period.
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The growing prevalence of cancer is likely to be a major driver for the Americas interventional radiology market over the forecast period. Cancer has emerged as a major healthcare concern in recent years due to the growing prevalence of supportive lifestyle factors such as substance consumption. This has increased the demand for effective diagnostic and therapeutic applications in the cancer treatment market, driving significant product development in the interventional radiology market. The increasing utilization of radiology techniques in the diagnosis, monitoring, and treatment of cancer is likely to be a major driver for the interventional radiology market in the Americas over the forecast period. The increasing utilization of interventional radiology procedures in the diagnosis of cardiovascular conditions is also likely to be a key driver for the Americas interventional radiology market over the forecast period, as the prevalence of cardiovascular conditions is likely to increase at a steady rate in the region over the forecast period.
Leading players in the Americas Interventional Radiology Market include- Cook Medical Inc., Stryker, C. R. Bard Inc., B. Braun Melsungen AG, Cardinal Health, Hologic Inc., Carestream Health, Hitachi Medical Corporation, Toshiba Medical Systems Corporation, Siemens Medical Solutions USA Inc., and General Electric.
In July 2019, the Herbert Wertheim College of Medicine became one of the first in the country to have an interventional radiology department. Steady growth is expected in this sector in the coming years as an increasing number of research institutes seek to incorporate advanced methodology and processed into their day to day functioning.
- Interventional Radiology Imaging Manufacturer
- Interventional Radiology Imaging Suppliers
- Contract Research Organizations (CROs)
- Research and Development (R&D) Companies
- Academic Medical Institutes and Universities
The Americas interventional radiology market has been segmented on the basis of type, procedure, application, end user, and region.
On the basis of type, the Americas interventional radiology market is segmented into MRI, ultrasound imaging, CT, and angiography.
On the basis of procedure, the Americas interventional radiology 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 end user, the Americas interventional radiology market is segmented into hospitals, catheterization labs, and ambulatory surgical centers.
North America is likely to hold on to the largest share in the Americas interventional radiology market over the forecast period due to the growing demand for advanced medical procedures in the region’s developed economies. The growing demand for technological progression in the medical devices sector has led to widespread availability of advanced diagnostic tools such as CT and MRI, leading to a growing demand from the interventional radiology market. The growing prevalence of cardiovascular conditions, diabetes, and cancer in this region is also likely to present significant scope for growth of the interventional radiology market in the region. Increasing healthcare expenditure in the U.S. and Canada is also likely to be a key driver for the interventional radiology market over the forecast period.
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Scope of Report
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
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- Main objective of this research is to provide information about interventional radiology market, type, procedure, application, and end user.
- To provide a detailed analysis of the market structure along with the forecast for the next seven years of the various segments and sub-segments of the Interventional radiology market.
- To provide insights about factors affecting the market growth
- To analyze the Interventional radiology market based on various factors- Price Analysis, Supply Chain Analysis, Porters` Five Force Analysis, etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies – Americas, Europe, Asia Pacific and the Middle East & Africa and their countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by type, by procedure, by application end user, and its sub-segments.
- To provide an overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Americas Interventional radiology market.
List of Tables
Table 1 Interventional Radiology Industry Synopsis, 2017–2023
Table 2 Americas Interventional Radiology Market Estimates & Forecast, 2017–2023, (Usd Million)
Table 3 Americas Interventional Radiology Market, by Region, 2017–2023, (Usd Million)
Table 4 Americas Interventional Radiology Market, by Type, 2017–2023, (Usd Million)
Table 5 Americas Interventional Radiology Market, by Procedure, 2017–2023, (Usd Million)
Table 6 Americas Interventional Radiology Market, by End-user, 2017–2023, (Usd Million)
Table 7 North America Interventional Radiology Market, by Type, 2017–2023, (Usd Million)
Table 8 North America Interventional Radiology Market, by Procedure, 2017–2023, (Usd Million)
Table 9 North America Interventional Radiology Market, by End-user, 2017–2023, (Usd Million)
Table 10 U.s. Interventional Radiology Market, by Type, 2017–2023, (Usd Million)
List of Figures
Figure 1 Research Process
Figure 2 Segmentation for Americas Interventional Radiology Market
Figure 3 Segmentation Market Dynamics for Interventional Radiology Market
Figure 4 Americas Interventional Radiology Market Share, by Type 2016
Figure 6 Americas Interventional Radiology Market Share, by Procedure 2016
Figure 7 Americas Interventional Radiology Market Share, by End Users, 2016
Figure 8 Americas Interventional Radiology Market Share, by Region, 2016
Figure 9 Americas Interventional Radiology Market: Company Share Analysis, 2016 (%)
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