Global Interventional Radiology Devices Market 2017-2021

Overview of the global interventional radiology devices market

This market research study identifies the increasing demand for MI procedures as one of the primary factors that will have a positive impact on the growth of the interventional radiology devices market. Minimally invasive (MI) procedures are more effective as compared to the traditional procedures as they incur lower cost, result in shorter hospital stay, greater comfort, and quick recovery. Additionally, they also reduce trauma faced by patients and lower the risk of infection. MI procedures enable quick recovery and the need for readmission after MI surgeries is low. Technavio’s market research analysts estimate that the market for interventional radiology devices will grow steadily at a CAGR of more than 4% by 2021.

Interventional radiology (IR) device manufacturers are increasingly adopting M&A strategies to consolidate their position in the market. M&A enables companies to expand their geographical presence and product portfolio. Furthermore, the vendors can also exchange technology and R&D capabilities to increase their market share. Key vendors Boston Scientific and Abbott are focusing on increasing M&A to improve their global presence and offer a diverse product portfolio. According to this market research and analysis, the rising number of M&A activities will be one of the key trends that will gain traction in the interventional radiology market during the next four years.

Competitive landscape and key vendors

The interventional radiology devices market is highly fragmented due to the presence of several international and regional players. The international players have a wide global presence and large distribution networks and focus on developing advanced radiology equipment using innovation and adopting advanced technologies. Additionally, they also acquire small players to increase their market share. The vendors also focus on increasing their R&D investments to increase their market share.

The leading vendors in the market are -

• Abbott
• B. Braun
• Boston Scientific
• Cardinal Health
• Medtronic

The other prominent vendors in the market are Alvimedica, Amecath, AngioDynamics, Balton, BrosMed Medical, Biosensors International, BIOTRONIK, COOK, C. R. Bard, ENDOCOR, JOTEC, Koninklijke Philips, Meril Life Sciences, Merit Medical Systems, MicroPort Scientific, ORZONE, OrbusNeich, Rontis, Stryker, and Terumo Medical.

Segmentation by application and analysis of the interventional radiology devices market

• Cardiology
• Oncology
• Orthopedic and neurology
• Gastroenterology and urology

The growing prevalence of cardiovascular diseases (CVD) leads to the increasing demand for cardiology that aids to diagnose and treat congenital heart defects, coronary artery disease (CAD), heart failure, and valvular heart disease. Angiography and balloon angioplasty are the primarily preferred IR cardiology procedures. 

Segmentation by end user and analysis of the interventional radiology devices market

• Ambulatory Surgical Centers (ASCs)
• Hospitals
• Physicians’ offices

When compared to hospitals, ASCs provide high quality treatment at a lower cost to patients. Insurers also prefer ASCs since they have to provide low reimbursement to patients.  According to our market research analysts, the ASC segment will be the major end user to the interventional radiology devices market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global interventional radiology devices market?
• What are the key market trends impacting the growth of the global interventional radiology devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global interventional radiology devices market?
• What are the market opportunities and threats faced by the vendors in the global interventional radiology devices market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global interventional radiology devices market?

Technavio also offers customization on reports based on specific client requirement.

Interventional radiology is a sub-specialty of medical imaging, which provides minimally invasive image-guided diagnosis and treatment of disease. The upcoming report on the global interventional radiology devices market is an important part of the healthcare and life sciences industry. Our market research report for the healthcare and life sciences industry comprise of an in-depth analysis of a broad range of business assessment parameters such as market size, technological advancements, prominent vendors, and key insights to provide comprehensible information on the medical imaging sector.

In order to accurately forecast the global growth prospects, our market research experts follow an extensive research approach of both primary and secondary research and carry out an in-depth analysis of factors such as technological advancements, total market size, and market attractiveness. The use of complex research tools such as trend forecasting, statistical models, and forecasts using other forecasting tools helps the client in devising effective business strategies.

The upcoming report on the global interventional radiology devices market also discusses the growth prospects of the market in each of the geographic segment by covering regions such as the Americas, APAC, and EMEA. The report also provides detailed information on the fastest growing market and challenges and opportunities persisting in each geographic region. The report also identifies some of the major players as well as other prominent players such as Medtronic, Abbott, Boston Scientific, Cardinal Health, B. Braun, C.R Bard, Biosensor International Group, Stryker, Terumo, and Cook Medical.

Market research experts at Technavio also believe that the increasing demand for minimally invasive procedures could drive the demand for interventional radiology devices over the next few years. The upcoming research report on the global interventional radiology devices market also includes industry outlook and size estimation, new industrial applications, competitive landscape, and opportunities and challenges faced by the industry. The report also covers related sectors from healthcare and life sciences industry such as urology devices and patient monitoring devices sector.

Our market research methodology for the global interventional radiology devices market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.