According to FutureWise analysis, the market for Interventional Radiology Products is expected to reach US$ 19.61 billion by 2031 at a CAGR of 6.82%.
The goal of interventional radiology is to diagnose and treat diseases using minimally-invasive imaging-guided techniques. Due to its many applications in diagnosing and treating a variety of diseases as well as technological advances, interventional radiology has expanded widely. The increasing incidence of chronic diseases such as blood vessel diseases and the development of new technologies such as Optical Coherence Tomography (OCT), and Fractional Flow Reserve (FFR) are the major factors driving this market. However, high equipment costs and the need for efficient handling techniques may hinder the growth of the market. A number of recent developments and the development of modified techniques create high growth opportunities for the market. The interventional radiology market is being driven by advancements in imaging technologies, which give surgeons a comprehensive view of internal organs as they diagnose. Augmented reality and artificial intelligence are major technological advances. Unlike virtual reality, where doctors cannot see real images, augmented reality allows them to move objects (scopes and devices) inside the body and interact with its surroundings. These dynamic developments have wide-ranging applications for image-led intervention. Using complex algorithms, artificial intelligence can detect abnormalities and anomalies in medical images, including CT scans and X-rays.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Interventional Radiology Products Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Interventional Radiology Products Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.
A number of recent developments and the development of modified techniques create high growth opportunities for the market. The interventional radiology market is being driven by advancements in imaging technologies, which give surgeons a comprehensive view of internal organs as they diagnose. Augmented reality and artificial intelligence are major technological advances. Unlike virtual reality, where doctors cannot see real images, augmented reality allows them to move objects (scopes and devices) inside the body and interact with its surroundings. These dynamic developments have wide-ranging applications for image-led intervention. Using complex algorithms, artificial intelligence can detect abnormalities and anomalies in medical images, including CT scans and X-rays.
The rise in the number of research and development activities associated with interventional radiology and advancement in imaging technology will provide beneficial opportunities for the interventional radiology products market growth. Additionally, the increasing demand from emerging markets and the launch of new products will further expand the interventional radiology products market’s growth rate in the future.