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 : Jun 2024

Code : CMI5139

Pages :168

Formats :

Excel and PDF

Industry : Medical Devices

Regional Analysis

Interventional Radiology Market Regional Insights

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North America remains the dominant region in the global interventional radiology market and is estimated to hold 42.6% of the market share in 2024. With a large presence of leading medical device manufacturers and advanced healthcare infrastructure, the U.S. and Canada have established themselves as centers for innovation and adoption of new technologies in this field. Rapid dissemination of knowledge between research centers and interventional radiologists has helped drive procedure volume. Additionally, favorable reimbursement policies have made interventional procedures an economically viable option for patients.

The Asia Pacific region, led by China and India, is poised to be the fastest growing market for interventional radiology. Governments in the region have acknowledged the growing cancer burden and are actively working to expand access to advanced treatment options like interventional oncology. Economic development has increased the affordability for hospitals to invest in new medical equipment. Patients also have more willingness to pay for quality care as incomes rise. International medical device companies are seizing the opportunity to introduce next-generation products, supported by regional clinical research collaborations.