Industry Outlook
Interventional radiology involves performing surgical and diagnostic procedures with image guidance. Interventional radiology procedures are generally classified into two types, namely, percutaneous procedures and endovascular procedures. Advent of minimally invasive procedures, their favorable outcomes, and corresponding growth in demand for such procedures are driving the growth of Interventional Radiology Products Market. Minimally invasive procedures are observed to be more effective in treating conditions as against traditional procedures and inure low cost, have less hospital stay, improved comfort and lower risk of infection. The need for readmission from minimally invasive procedures is also less. Image guided minimally invasive surgeries are being increasingly adopted in treating conditions that were previously mandated only for conventional open surgeries. Trauma is one such area where interventional radiology is experiencing phenomenal adoption.
The field of interventional radiology has swiftly advanced to become a subspecialty. Market players in this industry have involved in merger and acquisitions strategies, enabling companies to expand their international presence along with business area. In addition, exchange of technologies and R&D processes is also prominent among the market players. Therefore, M&A activities, partnerships and collaborations are the key strategies expected to continue through the forecast period.
Market Synopsis
Catheters and Guidewires to Occupy the Largest Revenue Share
The standard devices used in guided interventions cannot be used in interventional radiology due to their ferromagnetic components and conducting materials, resulting in risk of radiofrequency induced heating. Many of the catheters, and balloons available in the market are not yet CE or FDA market for MRI guidance. The interventional radiology specialty is still restricted from the lack of appropriate radiology compatible instruments. Nylon, polyester, aramid and other fibers are viewed as viable solutions for the construction of fiber-braided catheters with improved properties. The magnetic resonance electrophysiology catheter developed from nylon braided tubing; is demonstrated to have better mechanical properties than the conventional catheters. Such fiber-reinforced catheters therefore possess the potential to be used as a superior solution in radiological interventions. Several catheter developments for MR are being reported in the market. Companies are increasingly developing interest in developing interventional radiology catheters for procedures such as cardiac electrophysiology, renal and cardiac ablation catheters deflectable catheters and tracking catheters.
Angioplasty and Angiography Spearhead the Global Market, Attributed to High Procedure Rate
Angiography is commonly used for diagnostic examination of blood vessels. It is among the most common procedures where radiology is the standard guidance mode. In several cases, therapeutic intervention performed with stent insertion and angioplasty or embolization procedures to reduce or stop blood flow through a vessel. Diagnosis of arterial disease is often performed through CT angiography or MR angiography. Catheter angiography remains the gold standard for arterial condition diagnosis and allows treatment of the detected issue during the same time. Growing incidence of cardiovascular diseases and stroke is the key factor contributing to the dominance of this segment. Sedentary lifestyle, growing consumption of processed foods with sugar, salt and fats, changing dietary habits and rapidly increasing senescent population are the key drivers of the above fact.
Neurology Segment Set to Progress at Rapid Growth Rate
Swift progress of medical imaging technology and the ability to leverage the knowledge in interventional procedures has placed interventional neuroradiology at a prominent position to incorporate minimally invasive procedures into clinical management and advanced patient care. Significant opportunities lie in this segment to change the management of variety of neurological diseases through the use of minimally invasive guided procedures. Growing clinical presence of interventional radiology has several advantages in the procedure driven clinical environment.
Asia Pacific Set to Become a Lucrative Market for Interventional Radiology
At present, North America is the largest revenue generating regional market for interventional radiology products. Higher reimbursements, greater awareness along with higher patient population with chronic diseases are the key factors supporting the dominance of North America. Asia Pacific, however, is estimated to progress at a faster growth rate during the forecast period. Neural and tumor interventions along with cardiac applications are the most common procedures with interventionists in Asia Pacific. In China, cerebral angiography is the most common IR procedure performed in China, followed by percutaneous transluminal angioplasty, percutaneous transhepatic cholangiography, cerebral aneurysm interventions and transcatherer arterial chemoembolization. Rapid evolution of healthcare infrastructure, burgeoning medical tourism, and improving skills of medical personnel are the key factors supporting the swift CAGR of Asia Pacific market.
Historical & Forecast Period
2016 – Historical Year
2017 – Base Year
2018-2026 – Forecast Period
This research report presents the analysis of each considered segment for the period from 2016 to 2026, having 2017 as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The interventional radiology products market report provides quantitative assessment of the industry terms of current and forecasted market size, while also presenting the market dynamics. This market is segmented based on products, procedures, applications, and geography.
By Products (2016–2026; US$ Mn)
By Procedure (2016–2026; US$ Mn)
By Procedure (2016–2026; US$ Mn)
Geography Segment (2016–2026; US$ Mn)
The prevailing dynamics in the global interventional radiology products market are studied based on the drivers, challenges, opportunities, attractive investment proposition and market dynamics. The market dynamics studied in the report give insights on the positive aspects and pain points prevalent in the market. Major players in this industry are also scrutinized in terms of business description, financial information, product portfolio and key developments. The prominent market players profiled in this report include GE Healthcare, Siemens AG, Koninklijke Philips N.V., Carestream Health, Hologic, Inc., Shimadzu Corporation, Hitachi Medical Systems, Cardinal Health, Inc., Fujifilm Holdings Corporation, Medtronic plc., Teleflex Incorporated, Toshiba Medical Systems Corporation and C. R. Bard.
Key questions answered in this report
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
1.4.1. Phase I – Secondary Research
1.4.2. Phase II – Primary Research
1.4.3. Phase III – Expert Panel Review
1.4.4. Assumptions
1.5. Market Segmentation
Chapter 2. Executive Summary
2.1. Global Interventional Radiology Products Market Portraiture
2.2. Global Interventional Radiology Products Market, by Products, 2017 (US$ Mn)
2.3. Global Interventional Radiology Products Market, by Procedure Type, 2017 (US$ Mn)
2.4. Global Interventional Radiology Products Market, by Application, 2017 (US$ Mn)
2.5. Global Interventional Radiology Products Market, by Geography, 2017 (US$ Mn)
Chapter 3. Global Interventional Radiology Products Market: Dynamics and Future Outlook
3.1. Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global Interventional Radiology Products Market, by Key Players, 2017
Chapter 4. Global Interventional Radiology Products Market, by Products, 2016 - 2026 (US$ Mn)
4.1. Overview
4.2. Catheters
4.3. Stents
4.4. Guidewires
4.5. Inferior Vena Cava Filters
4.6. Hemodynamic Flow Alteration Devices
4.7. Thrombectomy Systems
4.8. Angioplasty Balloons
4.9. Embolization Devices
4.10. Biopsy Devices
4.11. Accessories and Others
4.11.1. Contrast Media
4.11.2. Inflation Devices
4.11.3. Others
Chapter 5. Global Interventional Radiology Products Market, by Procedure Type, 2016 - 2026 (US$ Mn)
5.1. Overview
5.2. Angiography
5.3. Angioplasty
5.4. Biopsy and Drainage
5.5. Embolization
5.6. Thrombolysis
5.7. Vertebroplasty
5.8. Nephrostomy
5.9. Other Procedures
Chapter 6. Global Interventional Radiology Products Market, by Application, 2016 - 2026 (US$ Mn)
6.1. Overview
6.2. Cardiology
6.3. Urology and Nephrology
6.4. Obstretrics and Gynecology
6.5. Abdominal and Gastrointestinal
6.6. Neurology
6.7. Oncology
6.8. Others
Chapter 7. Global Interventional Radiology Products Market, by Geography, 2016 – 2026 (US$ Mn)
7.1. Overview
7.1.1. North America Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
7.1.2. North America Interventional Radiology Products Market, by Products, 2016 - 2026 (US$ Mn)
7.1.3. North America Interventional Radiology Products Market, by Procedure Type, 2016 - 2026 (US$ Mn)
7.1.4. North America Interventional Radiology Products Market, by Application, 2016 - 2026 (US$ Mn)
7.1.5. North America Interventional Radiology Products Market, by Country, 2016 – 2026 (US$ Mn)
7.1.5.1. U.S.
7.1.5.2. Canada
7.2. Europe Interventional Radiology Products Market, 2016 – 2026 (US$ Mn)
7.2.1. Europe Interventional Radiology Products Market, by Products, 2016 - 2026 (US$ Mn)
7.2.2. Europe Interventional Radiology Products Market, by Procedure Type, 2016 - 2026 (US$ Mn)
7.2.3. Europe Interventional Radiology Products Market, by Application, 2016 - 2026 (US$ Mn)
7.2.4. Europe Interventional Radiology Products Market, by Country/Region, 2016 – 2026 (US$ Mn)
7.2.4.1. U.K.
7.2.4.2. Germany
7.2.4.3. Rest of Europe
7.3. Asia Pacific Interventional Radiology Products Market, 2016 – 2026 (US$ Mn)
7.3.1. Asia Pacific Interventional Radiology Products Market, by Products, 2016 - 2026 (US$ Mn)
7.3.2. Asia Pacific Interventional Radiology Products Market, by Procedure Type, 2016 - 2026 (US$ Mn)
7.3.3. Asia Pacific Interventional Radiology Products Market, by Application, 2016 - 2026 (US$ Mn)
7.3.4. Asia Pacific Interventional Radiology Products Market, by Country/Region, 2016 – 2026 (US$ Mn)
7.3.4.1. China
7.3.4.2. Japan
7.3.4.3. Rest of Asia Pacific
7.4. Latin America Interventional Radiology Products Market, 2016 – 2026 (US$ Mn)
7.4.1. Latin America Interventional Radiology Products Market, by Products, 2016 - 2026 (US$ Mn)
7.4.2. Latin America Interventional Radiology Products Market, by Application, 2016 - 2026 (US$ Mn)
7.4.3. Latin America Interventional Radiology Products Market, by Procedure Type, 2016 - 2026 (US$ Mn)
7.4.4. Latin America Interventional Radiology Products Market, by Country/Region, 2016 – 2026 (US$ Mn)
7.4.4.1. Brazil
7.4.4.2. Mexico
7.4.4.3. Rest of Latin America
7.5. Middle East & Africa Interventional Radiology Products Market, 2016 – 2026 (US$ Mn)
7.5.1. Middle East & Africa Interventional Radiology Products Market, by Products, 2016 - 2026 (US$ Mn)
7.5.2. Middle East & Africa Interventional Radiology Products Market, by Procedure Type, 2016 - 2026 (US$ Mn)
7.5.3. Middle East & Africa Interventional Radiology Products Market, by Application, 2016 - 2026 (US$ Mn)
7.5.4. Middle East & Africa Interventional Radiology Products Market, by Region, 2016 – 2026 (US$ Mn)
7.5.4.1. GCC
7.5.4.2. Rest of Middle East & Africa
Chapter 8. Company Profiles
8.1. GE Healthcare
8.1.1. Business Description
8.1.2. Financial Information (Subject to Data Availability)
8.1.3. Product Portfolio
8.1.4. Key Developments
8.2. Siemens AG
8.3. Koninklijke Philips N.V.
8.4. Carestream Health
8.5. Hologic Inc.
8.6. Shimadzu Corporation
8.7. Hitachi Medical Systems
8.8. Cardinal Health, Inc.
8.9. Fujifilm Holdings Corporation
8.10. Medtronic plc.
8.11. Teleflex Incorporated
8.12. Toshiba Medical Systems Corporation
8.13. C. R. Bard
FIG 1. Interventional Radiology Products Market: Research Methodology
FIG 2. Interventional Radiology: Market Segmentation
FIG 3. Global Interventional Radiology Products Market, by Products, 2017 (US$ Mn)
FIG 4. Global Interventional Radiology Products Market, by Procedure Type, 2017 (US$ Mn)
FIG 5. Global Interventional Radiology Products Market, by Application, 2017 (US$ Mn)
FIG 6. Global Interventional Radiology Products Market, by Geography, 2017 (US$ Mn)
FIG 7. Attractive Investment Proposition, by Geography, 2017
FIG 8. Competitive Analysis: Global Interventional Radiology Products Market, by Key Players, 2017
FIG 9. Global Catheters for Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 10. Global Stents for Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 11. Global Guidewires for Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 12. Global Inferior Vena Cava Filters for Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 13. Global Hemodynamic Flow Alteration Devices for Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 14. Global Interventional Radiology Thrombectomy Systems Market, 2016 - 2026 (US$ Mn)
FIG 15. Global Angioplasty Balloons for Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 16. Global Embolization Devices for Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 17. Global Biopsy Devices for Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 18. Global Contrast Media for Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 19. Global Inflation Devices for Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 20. Global Other Interventional Radiology Devices Market, 2016 - 2026 (US$ Mn)
FIG 21. Global Interventional Radiology Products Market for Angiography, 2016 - 2026 (US$ Mn)
FIG 22. Global Interventional Radiology Products Market for Angioplasty, 2016 - 2026 (US$ Mn)
FIG 23. Global Interventional Radiology Products Market for Biopsy and Drainage, 2016 - 2026 (US$ Mn)
FIG 24. Global Interventional Radiology Products Market for Embolization, 2016 - 2026 (US$ Mn)
FIG 25. Global Interventional Radiology Products Market for Thrombolysis, 2016 - 2026 (US$ Mn)
FIG 26. Global Interventional Radiology Products Market for Vertebroplasty, 2016 - 2026 (US$ Mn)
FIG 27. Global Interventional Radiology Products Market for Nephrostomy, 2016 - 2026 (US$ Mn)
FIG 28. Global Interventional Radiology Products Market for Other Procedures, 2016 - 2026 (US$ Mn)
FIG 29. Global Interventional Radiology Products Market in Urology and Nephrology, 2016 - 2026 (US$ Mn)
FIG 30. Global Interventional Radiology Products Market in Obstretrics and Gynecology, 2016 - 2026 (US$ Mn)
FIG 31. Global Interventional Radiology Products Market in Abdominal and Gastrointestinal, 2016 - 2026 (US$ Mn)
FIG 32. Global Interventional Radiology Products Market in Neurology, 2016 - 2026 (US$ Mn)
FIG 33. Global Interventional Radiology Products Market in Oncology, 2016 - 2026 (US$ Mn)
FIG 34. Global Interventional Radiology Products Market in Other Applications, 2016 - 2026 (US$ Mn)
FIG 35. U.S. Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 36. Canada Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 37. U.K. Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 38. Germany Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 39. Rest of Europe Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 40. China Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 41. Japan Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 42. India Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 43. Rest of Asia Pacific Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 44. Brazil Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 45. Mexico Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 46. Rest of Latin America Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 47. GCC Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
FIG 48. Rest of Middle East and Africa Interventional Radiology Products Market, 2016 - 2026 (US$ Mn)
TABLE 1 Global Interventional Radiology Products Market Portraiture
TABLE 2 Global Interventional Radiology Products Market, by Products, 2016 – 2026 (US$ Mn)
TABLE 3 Global Interventional Radiology Products Market, by Procedure Type, 2016 – 2026 (US$ Mn)
TABLE 4 Global Interventional Radiology Products Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 5 Global Interventional Radiology Products Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 6 North America Interventional Radiology Products Market, by Products, 2016 – 2026 (US$ Mn)
TABLE 7 North America Interventional Radiology Products Market, by Procedure Type, 2016 – 2026 (US$ Mn)
TABLE 8 North America Interventional Radiology Products Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 9 North America Interventional Radiology Products Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 10 Europe Interventional Radiology Products Market, by Products, 2016 – 2026 (US$ Mn)
TABLE 11 Europe Interventional Radiology Products Market, by Procedure Type, 2016 – 2026 (US$ Mn)
TABLE 12 Europe Interventional Radiology Products Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 13 Europe Interventional Radiology Products Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 14 Asia Pacific Interventional Radiology Products Market, by Products, 2016 – 2026 (US$ Mn)
TABLE 15 Asia Pacific Interventional Radiology Products Market, by Procedure Type, 2016 – 2026 (US$ Mn)
TABLE 16 Asia Pacific Interventional Radiology Products Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 17 Asia Pacific Interventional Radiology Products Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 18 Latin America Interventional Radiology Products Market, by Products, 2016 – 2026 (US$ Mn)
TABLE 19 Latin America Interventional Radiology Products Market, by Procedure Type, 2016 – 2026 (US$ Mn
TABLE 20 Latin America Interventional Radiology Products Market, by Application, 2016 – 2026 (US$ Mn
TABLE 21 Latin America Interventional Radiology Products Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 22 Middle East and Africa Interventional Radiology Products Market, by Products, 2016 – 2026 (US$ Mn)
TABLE 23 Middle East and Africa Interventional Radiology Products Market, by Procedure Type, 2016 – 2026 (US$ Mn)
TABLE 24 Middle East and Africa Interventional Radiology Products Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 25 Middle East and Africa Interventional Radiology Products Market, by Region, 2016 – 2026 (US$ Mn)
TABLE 26 GE Healthcare: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 27 Siemens AG: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 28 Koninklijke Philips N.V.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 29 Carestream Health: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 30 Hologic Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 31 Shimadzu Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 32 Hitachi Medical Systems: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 33 Cardinal Health, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 34 Fujifilm Holdings Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 35 Medtronic plc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 36 Teleflex Incorporated: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 37 Toshiba Medical Systems Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 38 C. R. Bard: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
