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Published Date: 2016-10-19Number of Pages: 172

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

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.

interventional radiology market

Rising Numbers of Traumatic Injuries to Boost Demand for Embolization Procedures

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.

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.

Section - 1 Preface 
1.1 Report Scope and Market Segmentation 
1.2 Research Highlights

Section - 2 Assumptions and Research Methodology 
2.1 Assumptions and Acronyms Used
2.2 Research Methodology

Section-3 Executive Summary
3.1 Global Interventional Radiology: Market Snapshot
3.2 Global Interventional Radiology Market : Opportunity Map

Section-4 Market Overview
4.1 Global Interventional Radiology Market : Key Industry Developments

Section-5 Market Dynamics
5.1 Drivers and Restraints Snapshot Analysis
      5.1.2 Drivers
              5.1.2.1 Increasing Demand for Minimally Invasive Procedures
              5.1.2.2 Rising Prevalence of Cancer
              5.1.2.3 Wide Application Areas
              5.1.2.4 Increasing Incidence of Chronic Disorders
              5.1.2.5 Technological Advancements
              5.1.2.6 Cost Effective
              5.1.2.7 Aging Population
              5.1.2.8 Reduces Life Risk and Faster Recovery
      5.1.3 Restraints
              5.1.3.1 Lack of Efficient Reimbursement System 
              5.1.3.2 Low Adoption of Digital Technology-based Systems
              5.1.3.3 Excise Duty Imposed on Medical Device Manufacturers
      5.1.4 Opportunity Analysis
              5.1.4.1 Cloud-based Medical Imaging 
              5.1.4.2 Introduction of Technologically Advanced and/or Hybrid Products
5.3 Global Interventional Radiology Market Revenue Projection
5.4 Porter’s Five Forces Analysis
5.5 Interventional Radiology Market Outlook

Section-6 Interventional Radiology Market Analysis By Product Type
6.1 Key Findings
6.2 Introduction
6.3 Global Interventional Radiology Market Value Share Analysis, By Product Type
6.4 Global Interventional Radiology Market Forecast By Product Type
      6.4.1 X-ray
      6.4.2 Computed Tomography
      6.4.3 Magnetic Resonance Imaging
      6.4.4 Ultrasound 
6.5 Global Interventional Radiology Market Attractiveness Analysis By Product Type

Section-7 Global Interventional Radiology Market Analysis By Application
7.1 Key Findings
7.2 Introduction
7.3 Global Interventional Radiology Market Value Share Analysis, By Application Type
7.4 Global Interventional Radiology Market Forecast By Application Type
      7.4.1 Angiography
      7.4.2 Balloon Angioplasty
      7.4.3 Embolization
      7.4.4 Biopsy
      7.4.5 Vertebroplasty-Kyphoplasty
      7.4.6 Radiofrequency Ablation
      7.4.7 Others
7.5 Global Interventional Radiology Market Attractiveness Analysis By Application Type

Section-8 Global Interventional Radiology Market Analysis By End User
8.1 Key Findings
8.2 Introduction
8.3 Global Interventional Radiology Market Value Share Analysis, By End User
8.4 Global Interventional Radiology Market Forecast By End User
      8.4.1 Hospitals
      8.4.2 Catheterization Labs
      8.4.3 Ambulatory Surgical Centers
      8.4.4 Others
8.5 Global Interventional Radiology Market Attractiveness Analysis By End User

Section-9 North America Interventional Radiology Market Analysis
9.1 Key Findings
9.2 North America Interventional Radiology Market Overview
9.3 North America Market Value Share Analysis, By Product Type
      9.3.1 North America Market Forecast By Product Type
9.4 North America Market Value Share Analysis, By Application
      9.4.1 North America Market Forecast By Application
9.5 North America Market Value Share Analysis, By End User
      9.5.1 North America Market Forecast By End User
9.6 North America Market Forecast By Country
9.7 North America Market Attractiveness Analysis
9.8 North America Market Trends

Section-10 Europe Interventional Radiology Market Analysis
10.1 Key Findings
10.2 Europe Interventional Radiology Market Overview
10.3 Europe Market Value Share Analysis, By Product Type
      10.3.1 Europe Market Forecast By Product Type
10.4 Europe Market Value Share Analysis, By Application
      10.4.1 Europe Market Forecast By Application
10.5 Europe Market Value Share Analysis, By End User
      10.5.1 Europe Market Forecast By End User
10.6 Europe Market Forecast By Country
10.7 Europe Market Attractiveness Analysis
10.8 Europe Market Trends

Section-11 Asia Pacific Interventional Radiology Market Analysis
11.1 Key Findings
11.2 Asia Pacific Interventional Radiology Market Overview
11.3 Asia Pacific Market Value Share Analysis, By Product Type
      11.3.1 Asia Pacific Market Forecast By Product Type
11.4 Asia Pacific Market Value Share Analysis, By Application
      11.4.1 Asia Pacific Market Forecast By Application
11.5 Asia Pacific Market Value Share Analysis, By End User
      11.5.1 Asia Pacific Market Forecast By End User
11.6 Asia Pacific Market Forecast By Country
11.7 Asia Pacific Market Attractiveness Analysis
11.8 Asia Pacific Market Trends

Section-12 Latin America Interventional Radiology Market Analysis
12.1 Key Findings
12.2 Latin America Interventional Radiology Market Overview
12.3 Latin America Market Value Share Analysis, By Product Type
      12.3.1 Latin America Market Forecast By Product Type
12.4 Latin America Market Value Share Analysis, By Application
      12.4.1 Latin America Market Forecast By Application
12.5 Latin America Market Value Share Analysis, By End User
      12.5.1 Latin America Market Forecast By End User
12.6 Latin America Market Forecast By Country
12.7 Latin America Market Attractiveness Analysis
12.8 Latin America Market Trends

Section-13 Middle East and Africa Interventional Radiology Market Analysis
13.1 Key Findings
13.2 Middle East and Africa Market Overview
13.3 Middle East and Africa Market Value Share Analysis, By Product Type
      13.3.1 Middle East and Africa Market Forecast By Product Type
13.4 Middle East and Africa Market Value Share Analysis, By Application
      13.4.1 Middle East and Africa Market Forecast By Application
13.5 Middle East and Africa Market Value Share Analysis, By End User
      13.5.1 Middle East and Africa Market Forecast By End User
13.6 Middle East and Africa Market Forecast By Country
13.7 Middle East and Africa Market Attractiveness Analysis

Section-14 Competition Landscape
14.1. Competition Matrix
14.2. Company Profiles
      14.2.1. Agfa-Gevaert N.V.
              14.2.1.1. Company Overview (HQ, Business Segments, Employee Strength)
              14.2.1.2. Financial Overview
              14.2.1.3. Product Portfolio
              14.2.1.4. SWOT Analysis
              14.2.1.5. Strategic Overview
      14.2.2 Fujifilm Holdings Corporation 
              14.2.2.1. Company Overview (HQ, Business Segments, Employee Strength)
              14.2.2.2. Financial Overview
              14.2.2.3. Product Portfolio
              14.2.2.4. SWOT Analysis
              14.2.2.5. Strategic Overview
      14.2.3 GE Healthcare 
              14.2.3.1. Company Overview (HQ, Business Segments, Employee Strength)
              14.2.3.2. Financial Overview
              14.2.3.3. Product Portfolio
              14.2.3.4. SWOT Analysis
              14.2.3.5. Strategic Overview
      14.2.4 Hitachi Medical Corporation 
              14.2.4.1. Company Overview (HQ, Business Segments, Employee Strength)
              14.2.4.2. Financial Overview
              14.2.4.3. Product Portfolio
              14.2.4.4. SWOT Analysis
              14.2.4.5. Strategic Overview
      14.2.5 Hologic, Inc. 
              14.2.5.1. Company Overview (HQ, Business Segments, Employee Strength)
              14.2.5.2. Financial Overview
              14.2.5.3. Product Portfolio
              14.2.5.4. SWOT Analysis
              14.2.5.5. Strategic Overview
      14.2.6 Medtronic plc. 
              14.2.6.1. Company Overview (HQ, Business Segments, Employee Strength)
              14.2.6.2. Financial Overview
              14.2.6.3. Product Portfolio
              14.2.6.4. SWOT Analysis
              14.2.6.5. Strategic Overview
      14.2.7 Philips Healthcare 
              14.2.7.1. Company Overview (HQ, Business Segments, Employee Strength)
              14.2.7.2. Financial Overview
              14.2.7.3. Product Portfolio
              14.2.7.4. SWOT Analysis
              14.2.7.5. Strategic Overview
      14.2.8 Siemens Healthineers
              14.2.8.1. Company Overview (HQ, Business Segments, Employee Strength)
              14.2.8.2. Financial Overview
              14.2.8.3. Product Portfolio
              14.2.8.4. SWOT Analysis
              14.2.8.5. Strategic Overview
      14.2.9 Teleflex Incorporated 
              14.2.9.1. Company Overview (HQ, Business Segments, Employee Strength)
              14.2.9.2. Financial Overview
              14.2.9.3. Product Portfolio
              14.2.9.4. SWOT Analysis
              14.2.9.5. Strategic Overview
      14.2.10 Toshiba Medical Systems Corporation
              14.2.10.1. Company Overview (HQ, Business Segments, Employee Strength)
              14.2.10.2. Financial Overview
              14.2.10.3. Product Portfolio
              14.2.10.4. SWOT Analysis
              14.2.10.5. Strategic Overview

List of Figures

Figure 01: Global Interventional Radiology Market Size (US$ Mn) Forecast, 2015–2024
Figure 02: Global Interventional Radiology Market Value Share Analysis By Product Type, 2016 and 2024
Figure 03: Interventional Radiology Market Attractiveness Analysis By Product Type
Figure 04: Global Interventional Radiology Market Value Share Analysis, by Application, 2016 and 2024
Figure 05: Interventional Radiology Market Attractiveness Analysis, by Application
Figure 06: Global Interventional Radiology Market Value Share Analysis, by End-user, 2016 and 2024
Figure 07: Interventional Radiology Market Attractiveness Analysis, by End-user
Figure 08: Global Interventional Radiology Market Value Share Analysis, by Region, 2016 and 2024
Figure 09: Intervention Radiology Market Attractiveness Analysis, by Region
Figure 10: North America Interventional Radiology Market Size (US$ Mn) Forecast, 2015–2024
Figure 11: North America Interventional Radiology Market Size Y-o-Y Growth Projections, 2015–2024
Figure 12: North America Market Attractiveness Analysis, by Country
Figure 13: North America Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 14: North America Market Value Share Analysis, by Application Type, 2016 and 2024
Figure 15: North America Market Value Share Analysis, by End-User, 2016 and 2024
Figure 16: North America Market Value Share Analysis, by Country, 2016 and 2024
Figure 17: North America Market Attractiveness Analysis, by Product Type 
Figure 18: North America Market Attractiveness Analysis, by Application
Figure 19: North America Market Attractiveness Analysis, by End-user
Figure 20: Europe Interventional Radiology Market Size (US$ Mn) Forecast, 2015–2024
Figure 21: Europe Interventional Radiology Market Size Y-o-Y Growth Projections, 2015–2024
Figure 22: Europe Market Attractiveness Analysis By Country
Figure 23: Europe Market Value Share Analysis By Product Type, 2016 and 2024
Figure 24: Europe Market Value Share Analysis By Application Type, 2016 and 2024
Figure 25: Europe Market Value Share Analysis By End User, 2016 and 2024
Figure 26: Europe Market Value Share Analysis By Country, 2016 and 2024
Figure 27: Europe Market Attractiveness Analysis, by Product 
Figure 28: Europe Market Attractiveness Analysis, by Application
Figure 29: Europe Market Attractiveness Analysis, by End User 
Figure 30: Asia Pacific Interventional Radiology Market Size (US$ Mn) and Forecast, 2015–2024
Figure 31: Asia Pacific Interventional Radiology Market Size Y-o-Y Growth Projections, 2015–2024
Figure 32: Asia Pacific Market Attractiveness Analysis By Country
Figure 33: Asia Pacific Market Value Share Analysis By Product Type, 2016 and 2024
Figure 34: Asia Pacific Market Value Share Analysis By Application Type, 2016 and 2024
Figure 35: Asia Pacific Market Value Share Analysis By End User, 2016 and 2024
Figure 36: Asia Pacific Market Value Share Analysis By Country, 2016 and 2024
Figure 37: Asia Pacific Market Attractiveness Analysis, by Product 
Figure 38: Asia Pacific Market Attractiveness Analysis, by Application
Figure 39: Asia Pacific Market Attractiveness Analysis, by End User 
Figure 40: Latin America Interventional Radiology Market Size (US$ Mn) Forecast, 2015–2024
Figure 41: Latin America Interventional Radiology Market Size Y-o-Y Growth Projections, 2015–2024
Figure 42: Latin America Market Attractiveness Analysis By Country
Figure 43: Latin America Market Value Share Analysis By Product Type, 2016 and 2024
Figure 44: Latin America Market Value Share Analysis By Application Type, 2016 and 2024
Figure 45: Latin America Market Value Share Analysis By End User, 2016 and 2024
Figure 46: Latin America Market Value Share Analysis By Country, 2016 and 2024
Figure 47: Latin America Market Attractiveness Analysis, by Product 
Figure 48: Latin America Market Attractiveness Analysis, by Application
Figure 49: Latin America Market Attractiveness Analysis, by End User 
Figure 50: Middle East and Africa Interventional Radiology Market Size (US$ Mn) Forecast, 2015–2024
Figure 51: Middle East and Africa Interventional Radiology Market Size Y-o-Y Growth Projections, 2015–2024
Figure 52: Middle East and Africa Market Attractiveness Analysis By Country
Figure 53: Middle East and Africa Market Value Share Analysis By Product Type, 2016 and 2024
Figure 54: Middle East and Africa Market Value Share Analysis By Application Type, 2016 and 2024
Figure 55: Middle East and Africa Market Value Share Analysis By End User, 2016 and 2024
Figure 56: Middle East and Africa Market Value Share Analysis By Country, 2016 and 2024
Figure 57: Middle East and Africa Market Attractiveness Analysis, by Product 
Figure 58: Middle East and Africa Market Attractiveness Analysis, by Application
Figure 59: Middle East and Africa Market Attractiveness Analysis, by End User 
Figure 60: Global Interventional Radiology Market Share Analysis By Company (2015)

 

List of Tables

Table 01: Global Interventional Radiology Market Size (US$ Mn) Forecast, By Product Type, 2015–2024
Table 02: Global Interventional Radiology Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 03: Global Interventional Radiology Market Size (US$ Mn) Forecast, by End-user, 2016–2024
Table 04: Global Interventional Radiology Market Size (US$ Mn) Forecast, by Region, 2015–2024
Table 05: North America Interventional Radiology Market Size (US$ Mn) Forecast, by Product Type, 2015–2024
Table 06: North America Interventional Radiology Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 07: North America Interventional Radiology Market Size (US$ Mn) Forecast, by End-user, 2015–2024
Table 08: North America Interventional Radiology Market Size (US$ Mn) Forecast, by Country, 2015–2024
Table 09: Europe Interventional Radiology Market Size (US$ Mn) Forecast, By Product Type, 2015–2024
Table 10: Europe Interventional Radiology Market Size (US$ Mn) Forecast, By Application, 2015–2024
Table 11: Europe Interventional Radiology Market Size (US$ Mn) Forecast, By End User, 2015–2024
Table 12: Europe Interventional Radiology Market Size (US$ Mn) Forecast, By Country, 2015–2024
Table 13: Asia Pacific Interventional Radiology Market Size (US$ Mn) Forecast, By Product Type, 2015–2024
Table 14: Asia Pacific Interventional Radiology Market Size (US$ Mn) Forecast, By Application, 2015–2024
Table 15: Asia Pacific Interventional Radiology Market Size (US$ Mn) Forecast, By End User, 2015–2024
Table 16: Asia Pacific Interventional Radiology Market Size (US$ Mn) Forecast, By Country, 2015–2024
Table 17: Latin America Interventional Radiology Market Size (US$ Mn) Forecast, By Product Type, 2015–2024
Table 18: Latin America Interventional Radiology Market Size (US$ Mn) Forecast, By Application, 2015–2024
Table 19: Latin America Interventional Radiology Market Size (US$ Mn) Forecast, By End User, 2015–2024
Table 20: Latin America Interventional Radiology Market Size (US$ Mn) Forecast, By Country, 2015–2024
Table 21: Middle East and Africa Interventional Radiology Market Size (US$ Mn) Forecast, By Product Type, 2015–2024
Table 22: Middle East and Africa Interventional Radiology Market Size (US$ Mn) Forecast, By Application, 2015–2024
Table 23: Middle East and Africa Interventional Radiology Market Size (US$ Mn) Forecast, By End User, 2015–2024
Table 24: Middle East and Africa Interventional Radiology Market Size (US$ Mn) Forecast, By Country, 2015–2024

Global Interventional Radiology Market: Scope and Methodology

This report on the global interventional radiology market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments.

The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn for each segment for the period from 2014 to 2024, considering the macro and micro environmental factors. Growth rates for each segment within the global interventional radiology market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.

A detailed qualitative analysis of factors responsible for driving and restraining market growth and future opportunities has been provided in the market overview section. This section of the report also includes market attractiveness analysis that provides a thorough analysis of the overall competitive scenario in the global Interventional Radiology market.

Market revenue in terms of US$ Mn for the period between 2014 and 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all the segments, considering 2015 as the base year. Market size estimations involved in-depth study of services and product features of different types of services. Additionally, market related factors such as increasing preference for technologically advanced services, product innovation, and increasing prevalence of cancer and other chronic diseases in various geographies and historical year-on-year growth have been taken into consideration while estimating the market size.

Interventional Radiology Market: Segmentation

Based on product type, the global interventional radiology market has been segmented into x-ray, computed tomography, magnetic resonance imaging, and ultrasound. The market has been further studied from the point of view of major application. Based on application, the market has been categorized into angiography, balloon angioplasty, embolization, biopsy, vertebroplasty-Kyphoplasty, RF ablation and others. On the basis of end user, the market has been segmented hospitals, catheterization labs, ambulatory surgical centers and others.

Interventional Radiology Market: Geographical and Competitive Dynamics

Geographically, the global interventional radiology market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, the regions have been further segmented by major countries from each region. These include the U.S., Canada, the U.K., Germany, France, Italy, Spain, China, Japan, India, Saudi Arabia, UAE, Brazil, and Mexico.

The report also profiles major players in the Interventional Radiology market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include Agfa-Gevaert N.V., Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Corporation, Hologic, Inc., Medtronic plc., Philips Healthcare, Siemens Healthineers, Teleflex Incorporated, and Toshiba Medical Systems Corporation.

The global Interventional Radiology market has been segmented as follows:

Global Interventional Radiology Market, by Product Type

  • X-ray
  • Computed Tomography
  • Magnetic Resonance Imaging
  • Ultrasound

Global Interventional Radiology Market, by Application

  • Angiography
  • Balloon Angioplasty
  • Embolization
  • Biopsy
  • Vertebroplasty-Kyphoplasty
  • RF Ablation
  • Others

Global Interventional Radiology Market, by End User

  • Hospitals
  • Catheterization labs
  • Ambulatory Surgical centers
  • Others

Global Interventional Radiology Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa


 
 
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