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Interventional Radiology Market Incredible Possibilities, Growth Analysis and Forecast To 2028 – SIEMENS, KONINKLIJKE PHILIPS, TOSHIBA MEDICAL SYSTEMS, HITACHI MEDICAL

Overview Of Interventional Radiology Industry 2020-2028:

This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

The Interventional Radiology Market analysis summary by Reports Insights is a thorough study of the current trends leading to this vertical trend in various regions. Research summarizes important details related to market share, market size, applications, statistics and sales. In addition, this study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim.

Interventional Radiology Market competition by top manufacturers as follow: GE HEALTHCARE, SIEMENS, KONINKLIJKE PHILIPS, TOSHIBA MEDICAL SYSTEMS, HITACHI MEDICAL, CARESTREAM HEALTH, ESAOTE, HOLOGIC, SAMSUNG MEDISON

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The global Interventional Radiology market has been segmented on the basis of technology, product type, application, distribution channel, end-user, and industry vertical, along with the geography, delivering valuable insights.

The Type Coverage in the Market are:

MRI System

Ultrasound Imaging System

CT Scanner

Angiography System

Market Segment by Applications, covers:

Cardiology

Oncology

Urology & Nephrology

Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa

Major factors covered in the report:

  • Global Interventional Radiology Market summary
  • Economic Impact on the Industry
  • Market Competition in terms of Manufacturers
  • Production, Revenue (Value) by geographical segmentation
  • Production, Revenue (Value), Price Trend by Type
  • Market Analysis by Application
  • Cost Investigation
  • Industrial Chain, Raw material sourcing strategy and Downstream Buyers
  • Marketing Strategy comprehension, Distributors and Traders
  • Study on Market Research Factors
  • Global Interventional Radiology Market Forecast

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The analysis objectives of the report are:

  • To know the Global Interventional Radiology Market size by pinpointing its sub-segments.
  • To study the important players and analyse their growth plans.
  • To analyse the amount and value of the Global Interventional RadiologyMarket, depending on key regions
  • To analyse the Global Interventional Radiology Market concerning growth trends, prospects and also their participation in the entire sector.
  • To examine the Global Interventional Radiology Market size (volume & value) from the company, essential regions/countries, products and application, background information.
  • Primary worldwide Global Interventional Radiology Market manufacturing companies, to specify, clarify and analyse the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for future.
  • To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

Our report offers:

– Market share assessments for the regional and country level segments.
– Market share analysis of the top industry players.
– Strategic recommendations for the new entrants.
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
– Strategic recommendations in key business segments based on the market estimations.
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments.
– Supply chain trends mapping the latest technological advancements.

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Interventional Radiology Market Size, Share and Ecosystem, Business Growth, Trends and Forecast to 2027

Interventional Radiology Market Insights:

Incorporated with Info-graphics, charts, 35 tables and 55 figures, this 177-page research report “Interventional Radiology Market Size, Type Analysis, Application Analysis, End-Use Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain. The report provides historical market data for 2014-2018, base year estimates for 2019, and forecasts from 2020 to 2027.

The latest report is inclusive of an extensive coverage of the significant impact of the COVID-19 pandemic on the Interventional Radiology business sector. The coronavirus outbreak has drastically impacted the global economic landscape, and consequently, this particular business vertical. Therefore, the report provides the reader with a clear concept of the current scenario of this business vertical, estimating its COVID-19 aftereffects.

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Competitive Analysis:

A lot about, the past and latest trends gaining momentum and shaping the future of the Interventional Radiology market is discussed. Assessment of major vendors incorporating state-of-the-art technology further enlightens business owners about the new means, medium and channels to enhance their product portfolio stay competitive in the Interventional Radiology market for the forecast period, 2020 – 2027. For more granularity, the researchers behind the study take a closer look at the key driving forces, restraints, and opportunities responsible for determining the future of the Interventional Radiology market, for the forecast period 2019-2026.

In market segmentation by manufacturers, the report covers the following companies-

GE Healthcare, Siemens Healthcare GmBH, Toshiba Medical Systems Corporation, Hitachi Medical Corporation, Samsung, Medison.

Overview of the Interventional Radiology report:

The latest market study broadly segments the industry based on the product type range, application gamut, end-use industry, key regions, and the competitive background. One of the central components of the report is a detailed explanation of the gross profits, revenue shares, sales volume, manufacturing costs, individual growth rate, and the financial standing of the leading market players. The developmental scope of the Interventional Radiology market’s new entrants and established companies has also been emphasized in the report.

In market segmentation by types of, the report covers-

CT Scanner, MRI System, Angiography System, Ultrasound Imaging System

In market segmentation by applications of the, the report covers the following uses-

Urology &Nephrology, Oncology, Cardiology

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Interventional Radiology

Market Scope:

Based on the in-depth analysis the research also brings to light major facts pertaining to the vital aspects such as market share, size, and growth rate. Deep dive into other aspects including the investment feasibility, demand and supply, import and export status, supply chain management and growth prospects narrates a lot about what the business environment will be like for the forecast period,2020 – 2027. All the vital statistics in the report are explained with the help of resources such as tables, charts, and info graphics.

In market segmentation by geographical regions, the report has analysed the following regions-

North America (USA, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Columbia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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The research provides answers to the following key questions:

  • What will be the market size and growth rate of the Interventional Radiology market for the forecast period 2020 -2027 across different regions?
  • What are the key driving forces expected to shape the future of the industry worldwide?
  • What strategies are the prominent vendors adapting to stay ahead of their competitors?
  • Which major trends are impacting the development of the Interventional Radiology Market Worldwide?
  • Which factors can hinder, challenge or even restrict the expansion of the Interventional Radiology market worldwide?
  • What are the opportunities or future prospect for the business owners operating in the market for the forecast period, 2020 – 2027?

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Interventional Radiology Market to Surge at a Robust Pace in Terms of Revenue Over 2017 – 2025

Global Interventional Radiology Market: Snapshot

Interventional radiology (IR), also known as vascular and interventional radiology (VIR), is a medical specialty which provides minimally invasive image-guided diagnosis and treatment of various diseases and ailments. A vast range of procedures are performed by interventional radiologists all over the globe, However, the application of image guidance and minimally invasive techniques in order to minimize risk to the patient, are two principles followed by all radiologists, regardless of which procedure is used.

Interventional radiologists mainly perform both diagnostic and therapeutic procedures. However, diagnostic angiography is becoming less common as the quality and reliability of CT and MRI angiography caused alternative forms of non-invasive evaluation and treatment to spring up.

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Diagnostic interventional radiology mainly includes three subcategories – angiography and, cholangiography, and biopsy. Angiography involves retrieving images of the blood vessels to check if abnormalities are present with the use of various contrast media. Such media includes iodinated contrast, gadolinium based agents, and CO2 gas. In contrast, cholangiography deals with retrieving images of bile ducts within the liver to look for areas of blockage. In case of biopsy, a tissue sample is taken from the area of interest, and is checked for pathological examination from a percutaneous or transvenous approach.

Compared to diagnostic methodologies, numerous therapeutic exist such as endovascular aneurysm repair, balloon angioplasty, embolization, thrombolysis, dialysis, endovascular laser treatment, central venous catheter placement, drainage catheter placement, and many others. From an overall perspective, the therapeutic procedures are divided into various sub-categories such as vascular, intervention, catheter placement, ablative, genitourinary, and pain management.

With numerous chronic diseases on the rise in recent times owing to unhealthy lifestyles and other habits, a large need of interventional radiology procedures is happening in recent times. This has been greatly propelling the market. However high costs required for availing these treatments may hinder the global interventional radiology market’s growth.

Global Interventional Radiology Market: Overview 

Interventional radiology (IR) is a medical sub-specialty of radiology, which uses minimally invasive image-guided procedures and methods to diagnose and treat various diseases. IR techniques include a range of radiological image guidance methods such as ultrasound, X-ray fluoroscopy, computed tomography (CT), and magnetic resonance imaging (MRI). IR has transformed every sphere of patient management process and has gained traction among clinicians and patients due to the use of minimally invasive image-guided techniques.

The interventional radiology market is highly competitive. Interventional radiologists provide cost-effective and better quality care than most other surgical alternatives by minimizing risks to patients and improving health outcomes. Most popular IR procedures include central venous access, angiography, balloon angioplasty, stenting, embolization, and a variety of catheter-based diagnostic and therapeutic tools. 

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Global Interventional Radiology Market: Key Trends 

The interventional radiology market is primarily driven by the thrust for minimally invasive techniques in the diagnosis and treatment of diseases worldwide. The host of benefits that make IR procedures preferable to traditional treatments include reduced risks to patients, shorter hospital stays, lower cost of treatment, enhanced comfort, and speedy convalescence. The use of IR for treating a wide spectrum of chronic diseases has provided an impetus to the global market.  Constant technological advancements in computer-assisted visualization and robot-assisted surgery are anticipated to positively impact the IR market. In addition, relentless efforts by healthcare providers in improvising the success rate of IR procedures are expected to propel the market over the forecast period. Fueled by prominent trends in a value-based healthcare environment, IR services are being increasingly targeted at outpatient settings.

Global Interventional Radiology Market: Market Potential 

The range of therapeutic and diagnostic conditions targeted by IR procedures is continually expanding, so is the growth outlook of the IR market. Inroads made by artificial intelligence (AI) in various automation technologies have recently opened up new vistas in interventional radiology and likely to transform patient care in the not-so-distant future. Last month, interventional radiologists at the University of California in Los Angeles (UCLA) sed AI to create a virtual radiologist, called “chatbot”, a type of virtual consultant developed to help clinicians make crucial decisions.

Powered by “deep learning technologies”, these interventional radiologists can automatically communicate with various referring clinicians and provide them with evidence-based answers via text messages. This helps the referring physicians equip their patients with real-time information related to the next phase of treatment and help them select the best course of action. Currently, the prototype is being tested by a small team of radiation oncologists, hospitalists, and interventional radiologists at UCLA.

The potential of the technology can be gauged from the fact that the researchers used over 2,000 model data points based on the most common queries interventional radiologists are generally asked during consultations. The research findings were presented at the annual scientific meeting of the Society of Interventional Radiology 2017 held in March 2017. The investigator of the study, Kevin Seals, MD, a resident physician at UCLA, intends to expand the potential of AI to design a master assistant that will be independent of institutions and can be used for other medical specialties.

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Global Interventional Radiology Market: Regional Outlook

Geographically, North America is a prominent market for interventional radiology procedures. The impressive growth of the regional market is attributed to increasing prevalence of chronic diseases, the soaring demand for minimally-invasive image diagnostics, and advancement in automation technologies.  Meanwhile, the Asia Pacific market is expected to clock a higher CAGR over the forecast period driven by rising geriatric population, increasing government support, and significant advances in healthcare infrastructure. Various emerging markets in Asia mirror ample opportunities for companies on account of a large untapped market. 

Global Interventional Radiology Market: Competitive Analysis 

Companies are making substantial R&D investments in various imaging modalities to improve the success of IR procedures. Leading players are targeting emerging economies to consolidate their shares in the IR market. Some of the prominent players eyeing profitable avenues in the interventional radiology market are Siemens Healthcare GmBH, Toshiba Medical Systems Corporation, Koninklijke Philips N.V., Carestream Health, Inc., GE Healthcare, Hitachi Medical Corporation, Esaote S.p.A, Fujifilm, Hologic, Inc., and Medison.

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