Interventional Radiology Market, By Product (MRI Systems, Ultrasound Imaging Systems, CT Scanners, Angiography Systems, Fluoroscopy Systems, Biopsy Devices, and Others), By Application (Cardiology, Urology , Nephrology, Oncology, Gastroenterology, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2025

Code : CMI5139

Pages :168

Formats :

Excel and PDF

Industry : Medical Devices

Interventional Radiology Market Size and Trends

The global interventional radiology market is estimated to be valued at USD 28.83 Bn in 2025 and is expected to reach USD 46.03 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2025 to 2032.

Interventional Radiology Market Key Factors

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The global interventional radiology market is witnessing positive growth trends over the past few years. There has been a steady rise in the demand for minimally invasive procedures for the treatment of various diseases. Advancements in image-guided technology and the development of novel embolic agents, catheters, and guidewires are helping interventional radiologists to treat conditions that were traditionally managed surgically. Furthermore, the rising geriatric population prone to chronic diseases and the increasing healthcare expenditure in developing nations are some of the key factors driving the demand for interventional radiology procedures worldwide.

Increasing Demand for Interventional Radiology Devices

Increasing demand for interventional radiology devices is expected to propel the growth of the global interventional radiology market over the forecast period. Interventional radiology (IR) is a way to diagnose and treat a variety of chronic disorders without major surgery, and thus, there is an increasing demand for IR devices. In December 2020, Samsung Electronics Co. Ltd., an electronics company, launched its premium diagnostic imaging solutions in ultrasound, digital radiography, and mobile computed tomography at the Radiological Society of North America (RSNA) 2020, to expand its product portfolio in the interventional radiology market.