US Interventional Radiology Market Expected to Reach $13,222.36 Million by 2031 | 5.6% CAGR
PORTLAND, OREGON, USA, September 6, 2022 /EINPresswire.com/ — US interventional radiology market by product (catheters, stents, angiography and angioplasty devices, embolization devices, biopsy devices, ablation devices and others), procedure (angiography, balloon angioplasty, embolization, biopsy, vertebroplasty-kyphoplasty, ablation and Others), Application (Oncology, Cardiology, Urology and Nephrology, Gastroenterology and Others) and End User (Hospitals, Ambulatory Surgical Centers and Others): Opportunity Analysis and Industry Forecast, 2022-2031
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Interventional radiology is the method of diagnosis and treatment of diseases. It is a minimally invasive technique. It provides image guided solutions and helps a doctor in treating the internal organs of the body without performing major surgery. It minimally affects adjacent tissues and provides targeted therapy. Interventional radiology is performed by injecting a needle through skin into targeted tissues and delivering therapy only to the targeted tissues. Therefore, it has a faster recovery time and fewer risks or side effects on adjacent tissues or organs.
Main results of the study
Based on product type, the stent segment held the largest share of the US interventional radiology market in 2021 and is expected to remain dominant during the forecast period.
Based on the type of procedure, the balloon angioplasty segment held the largest share of the US interventional radiology market in 2021.
Based on applications, cardiology held the largest market share in 2021.
On the basis of end user, hospital segment held the largest market share in 2021 and is expected to remain dominant during the forecast period.
Additionally, technological advancements in interventional radiology image-guided treatment and increasing demand for minimally invasive techniques that can prevent bleeding during surgery and relieve pain are driving the growth of the market. Additionally, the availability of cancer treatments based on the location of the cancer in the body and the increase in initiatives by governments and key players to promote awareness of ostomy care are contributing significantly to the growth of the industry.
Additionally, technological advancements; launch of various products; Strategies among key players such as acquisition, collaboration, and agreement are driving the Interventional Radiology market. For example, in April 2021, Siemens AG, a global medical technology company, announced that it had successfully completed the acquisition of Varian Medical Systems, Inc. (Varian), a medical device manufacturing company. This type of acquisition accelerates the growth of the interventional radiology market.
According to the product, the stents segment held the largest share of the global interventional radiology market in the United States in 2021 and is expected to remain dominant during the forecast period, owing to the upsurge in temporary and permanent vessel surgeries. blood in people with shrinkage. or blocked coronary arteries, heart disease, atherosclerosis and heart attack.
Based on the procedure, the balloon angioplasty segment led the market in 2021, in terms of share, owing to the increase in the number of blocked coronary artery cases. The ablation segment is expected to witness the highest CAGR of 7.8% during the forecast period, owing to the increase in the cases of breast cancer, colon cancer and lung cancer.
The ambulatory surgery center segment is expected to experience the highest CAGR of 6.5%, owing to the increase in the number of cancer surgeries and the increase in the availability of technically qualified nurses for private practices.
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