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Interventional Radiology Products Market Share

ID: MRFR//10026-HCR | 128 Pages | Author: Rahul Gotadki| December 2024

The market for Interventional Radiology Products is highly progressive and dynamic, thus allowing the firms to apply different strategies of positioning their market shares. Most firms follow a strategy of differentiation; hence they put effort to come up with innovative and sophisticated interventional radiology products. This includes investing in research and development to make devices with enhanced precision, improved patient outcomes as well as novel features. Companies that provide technological advanced products are therefore able to establish themselves in the market attracting healthcare providers and institutions looking for innovative solutions.

Pricing strategies have a significant impact on how a company positions its shares within the market of Interventional Radiology Products. Some companies may opt for competitive pricing where their products are seen as having quality but also cost-effective substitutes. This works very well especially in environments where health facilities or service providers are price sensitive. Cheap but quality interventional radiology products can achieve larger market share by appealing to more customers thereby increasing their adoption.

Interventional Radiology Products Market is very complex and hence it requires strategic partnership and collaborations to navigate through it successfully. In most cases such organizations team up with healthcare institutions, research laboratories or other industry players so that they can use each other’s resources, expertise as well marketing channels Strategic alliances allow for the creation of integrated solutions while giving access to wider consumer bases. Partnering with individuals who have similar goals will help these companies better position themselves in this sector as they keep track of changes taking place.

Another strategy embraced by these enterprises involves segmenting the markets so that they focus more on specific needs of various segments found within interventional radiology field. This could be coming up with specific device used during certain procedures or aimed at some patients’ populations. Understanding diverse demands from doctors puts companies into leading position in their niche areas enhancing competition level among them thus maximizing targeted regions’ potential market share.

To position ourselves effectively in this industry, we need to conduct effective marketing promotions that have strategic value. It is important to spread the knowledge about interventional radiology’s advantages and to communicate product features through these educational campaigns aimed at both health care providers and policy makers. This can be achieved by using different platforms such as conferences, workshops as well as digital media that enable companies to attract customers, build their own brands and achieve continuity in the market.

Numerous firms adopt a global expansion strategy in order to penetrate new markets and increase their total market share in the Interventional Radiology Products Market. Targeting regions with high demand for interventional radiology may help such companies grow their customer bases. Nevertheless, it is critical for successful expansion internationally to have an understanding of local regulations, healthcare practices, cultural aspects among others that will ensure easy penetration into the market which will lead to unending growth.

Covered Aspects:

Report Attribute/Metric Details
Growth Rate 5.80% (2023-2032)

Global Interventional Radiology Products Market Overview


The Interventional Radiology Products Market Size was valued at USD 25.3 Billion in 2022 and is projected to grow from USD 26.8 Billion in 2023 to USD 42.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2023 - 2032). The prevalence of chronic diseases like cancer and cardiovascular conditions is increasing worldwide, and consumers are adjusting their preferences to less intrusive methods are the key market drivers enhancing the market growth.


Interventional Radiology Products Market


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Interventional Radiology Products Market Trends



  • Rise in prevalence of chronic diseases is driving the market growth


The global population's increasing prevalence of chronic diseases including cancer and cardiovascular problems would be a key factor in boosting the expansion of the market for interventional radiology goods. The need for interventional radiology technologies including CT scans, MRIs, and ultrasounds will rise as customer preferences for minimally invasive procedures alter, which will accelerate market growth. The growing emphasis on the creation of smart/digital inhalers is another important element contributing to the market's growth. Additionally, rising healthcare costs and a growing need for painless drug administration are the main factors boosting market expansion. The increase in applications will also have a favorable effect on the market's growth rate. The market for interventional radiology products will increase at a slower rate due to rapid urbanization, changing lifestyles, and rising disposable income levels in both developing and developed nations. Increased elderly population and a good reimbursement environment would boost the market for interventional radiology products.


Additionally, the market expansion of the interventional radiology products will benefit from the increase in research and development efforts related to this field and the improvement of imaging technologies. The market for interventional radiology products will continue to increase in the future due to rising demand from emerging regions and the introduction of innovative products. Thus, driving the Interventional Radiology Products market revenue.


Interventional Radiology Products Market Segment Insights


Interventional Radiology Products Type Insights


The Market segments of Interventional Radiology Products, based on Type includes stents, catheters, inferior vena cava (IVC) filters, embolization devices, thrombectomy systems, angioplasty balloons, biopsy needles, hemodynamic flow alteration devices, accessories, and other. In 2022, stents held the biggest market share for interventional radiology goods. The substantial proportion of this market can be attributable to the rising incidence of cancer and heart disorders as well as the rising frequency of angioplasty surgeries worldwide.


Interventional Radiology Products Application Insights


The Market segmentation of Interventional Radiology Products, based on Application, includes cardiology, oncology, gastroenterology, neurology, orthopedics, urology & nephrology, and others. The cardiology category dominated the market in 2022. Cardiology issues are growing more prevalent among adults and the elderly. The necessity for excellent treatment to treat this illness increases as patient’s age increases. Because of this, many nations are attempting to increase access to interventional radiology care.


Figure 1: Interventional Radiology Products Market, by Application, 2022 & 2032 (USD Billion)


Interventional Radiology Products Market, by Application, 2022 & 2032 (USD Billion)


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Interventional Radiology Products End User Insights


The Interventional Radiology Products Market segmentation, based on end user, includes Hospitals, Clinics and Home Care Settings. The hospitals category dominated the market in 2022 due to increase prevalence of chronic diseases and presence of skilled professionals.


Interventional Radiology Products Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America held a 45.8% market share and a USD 11.6 billion revenue lead in the market of interventional radiology products, and it will maintain this lead during the projection period. This is because the area has established healthcare infrastructure and a number of important key stakeholders. Further, the U.S. market of Interventional Radiology Products held the largest market share, and the Canada market of Interventional Radiology Products was the fastest growing market in the North America region.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: INTERVENTIONAL RADIOLOGY PRODUCTS MARKET SHARE BY REGION 2022 (%)


INTERVENTIONAL RADIOLOGY PRODUCTS MARKET SHARE BY REGION 2022 (%)


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


The Europe Interventional Radiology Products market is anticipated to increase steadily. This is attributed to the region's growing cardiovascular disease patient population. Around 40% of adult and geriatric patients in Germany die from cardiovascular and chronic diseases. Further, the German market of Interventional Radiology Products held the largest market share, and the UK market of Interventional Radiology Products was the fastest growing market in the European region.


On the other hand, Asia-Pacific Interventional Radiology Products market is anticipated to experience the fastest growth rate over the projection period because of the region's growing senior population and increased prevalence of chronic diseases. The market is expanding primarily due to the rising geriatric population, expanding healthcare infrastructure, rising healthcare costs, and increasing acceptance of image-based therapeutic interventions. Moreover, China’s market of Interventional Radiology Products held the largest market share, and the Indian market of Interventional Radiology Products was the fastest growing market in the Asia-Pacific region.


Interventional Radiology Products Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the market of Interventional Radiology Products, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Interventional Radiology Products industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Interventional Radiology Products industry to benefit clients and increase the market sector. In recent years, the Interventional Radiology Products industry has offered some of the most significant advantages to medicine. Major players in the Interventional Radiology Products market, including Boston Scientific Corporation, Abbott, Cardinal Health, Cook, Stryker, B. Braun Melsungen AG, Terumo Corporation, General Electric, Koninklijke Philips N.V., Carestream Health, ESAOTE SPA, Hitachi, Ltd., Hologic, Inc., Shimadzu Corporation, Siemens Healthcare GmbH, CANON MEDICAL SYSTEMS CORPORATION, Samsung Medison Co., Ltd., Medtronic, Agfa-Gevaert Group, Teleflex Incorporated, Analogic Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Trivitron Healthcare, Toshiba International Corporation, and FUJIFILM Holdings Corporation, are attempting to increase market demand by investing in research and development operations.


Develops, produces, and sells printing systems and solutions under the name Konica Minolta Inc. Multifunctional peripherals (MFPs), equipment for graphic arts and production print systems, equipment for healthcare systems, and measurement tools for industrial and medical applications are all part of the company's product line. Additionally, it creates optical products, functional films, lighting source panels, and electronic materials for both industrial and commercial use. The business offers networking, services, and solutions for medical digitization. Additionally, Konica Minolta provides equipment for imaging, IoT, and visual applications. The business works through subsidiaries and affiliates in the Americas, Asia-Pacific, Europe and the Middle East, and Africa that are both consolidated and unconsolidated. The headquarters of Konica Minolta are in Tokyo, Japan's Chiyoda-ku. Konica Minolta Healthcare Americas introduced the Sonimage MX1 Platinum point-of-care ultrasound system in November 2022.


Fujifilm Holdings Corp. (Fujifilm) develops, produces, and sells imaging systems, material solutions, healthcare solutions, and document solutions. The business provides document solutions, including office supplies, printers for the workplace, allied production services, and international services. The company's main goods are color films, color paper and chemicals, photofinishing tools, electronic imaging and optical equipment, TV cameras, security lenses, healthcare items, graphic systems, flat panel display components, recording media, and industrial goods. Additionally, Fujifilm provides tools and materials for medicines, cosmetics, dietary supplements, cell culture medium and reagents, and medical systems. Both individual consumers and commercial entities are served by the corporation. The corporation operates in the Asia-Pacific, Europe, and the Americas. The headquarters of Fujifilm are in Minato-Ku, Tokyo, Japan. The Scenaria View Focus Edition Computed Tomography (CT) system, a high-end scanner with an advanced Cardiac Motion Correction function called Cardio StillShot, will go on sale in the United States in November 2022, according to a press release from Fujifilm Healthcare Americas Corporation.


Key Companies in the Interventional Radiology Products market include



  • Boston Scientific Corporation

  • Abbott

  • Cardinal Health

  • Cook

  • Stryker

  • Braun Melsungen AG

  • Terumo Corporation

  • General Electric

  • Koninklijke Philips N.V.

  • Carestream Health

  • ESAOTE SPA

  • Hitachi, Ltd.

  • Hologic, Inc.

  • Shimadzu Corporation

  • Siemens Healthcare GmbH

  • CANON MEDICAL SYSTEMS CORPORATION

  • Samsung Medison Co., Ltd.

  • Medtronic

  • Agfa-Gevaert Group

  • Teleflex Incorporated

  • Analogic Corporation

  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

  • Trivitron Healthcare

  • Toshiba International Corporation

  • FUJIFILM Holdings Corporation


Interventional Radiology Products Industry Developments


October 2022 The new Omni Legend all-digital PET/CT platform from GE Healthcare was released to improve operational effectiveness.


February 2021 The radial artery access portfolio was purchased by Medtronic (Ireland) from RIST Neurovascular, Inc. The company's product line in the market for interventional radiology goods was widened by this acquisition, which also improved its capacity to assist patients who require interventional neurovascular therapy.


Interventional Radiology Products Market Segmentation


Interventional Radiology Products Type Outlook



  • Stents

  • Catheters

  • Inferior Vena Cava (IVC) Filters

  • Embolization Devices

  • Thrombectomy Systems

  • Angioplasty Balloons

  • Biopsy Needles

  • Hemodynamic Flow Alteration Devices

  • Accessories

  • Other


Interventional Radiology Products Application Outlook



  • Cardiology

  • Oncology

  • Gastroenterology

  • Neurology

  • Orthopedics

  • Urology and Nephrology

  • Others


Interventional Radiology Products End User Outlook



  • Hospitals

  • Clinics

  • Home Care Settings


Interventional Radiology Products Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



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