US Interventional Radiology Market Is Predicted to Reach USD 13.22 Billion by 2031, Allied Market Research Says

Increase in awareness and prevalence of chronic diseases such as cancer, blood vessel diseases, and others, surge in demand for image-guided treatment, and rise in the geriatric population suffering from heart diseases, liver diseases, gall bladder stones, and cancer drive the growth of the U.S. interventional radiology market. By procedure, the balloon angioplasty segment held the highest share in 2021. By end-user, on the other hand, the ambulatory surgical centers would cite the fastest CAGR by 2031.


Portland, OR, July 25, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the U.S. interventional radiology market was estimated at USD 7.66 billion in 2021 and is expected to hit USD 13.22 billion by 2031, registering a CAGR of 5.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market. It depicts a quantitative analysis of the market from 2022 to 2031 to enable shareholders to invest on the prevailing U.S. interventional radiology market opportunities.

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Report coverage & details:

Report CoverageDetails
Forecast Period2022­–2031
Base Year2021
Market Size in 2020 USD 7.66 Billion
Market Size in 2030 USD 13.22 Billion
CAGR5.6%
No. of Pages in Report323
Segments coveredMaterial, Vehicle Type, Sales Channel, Rim Size, Region.
DriversIncrease in awareness and prevalence of chronic diseases such as cancer, blood vessel diseases, and others
Surge in demand for image-guided treatment
OpportunitiesRecent advancements in the technology
Launch of advanced interventional radiology accessories
RestrainsHigh cost of health & interventional radiology products

US Interventional Radiology Market Covid-19 Impact Analysis-

  • Nonessential surgical procedures took a huge backlog owing to the rising Covid-19 cases, especially during the initial period, which impacted the US interventional radiology market negatively.
  • Nevertheless, since the global situation has started getting better, the demand for interventional radiology products has also been restored, as the postponed surgeries of gall bladder stones, vessels related problems, and cancer were rescheduled and are now being performed in order.

Get detailed COVID-19 impact analysis on the U.S. Interventional Radiology Market- https://www.alliedmarketresearch.com/request-for-customization/4873?reqfor=covid

The U.S. interventional radiology market is analyzed across product type, procedure, application, and end-user. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

Based on product type, the stents segment accounted for nearly one-third of the total market share in 2021, and is anticipated to rule the roost by 2031. The same segment would also register the fastest CAGR of 6.6% during the forecast period. The other segments analyzed in the report include Angiography & Angioplasty Devices, Embolization Devices, Biopsy Devices, and Ablation Devices.

Based on procedure, the balloon angioplasty segment contributed to nearly one-third of the total market revenue in 2021, and is expected to lead the trail by the end of 2031. The ablation segment, however, would exhibit the fastest CAGR of 7.8% throughout the forecast period. The other segments studied in the report include Angiography, Embolization, Biopsy, and Vertebroplasty-Kyphoplasty.

Based on application, the cardiology segment held nearly half of the total market revenue in 2021, and is expected to dominate by 2031. The oncology segment, on the other hand, would manifest the fastest CAGR of 6.5% throughout the forecast period. The other segments assessed in the report include Urology & Nephrology and Gastroenterology.

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Based on end-user, the hospitals segment generated more than three-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The ambulatory surgical centers segment, simultaneously, would manifest the fastest CAGR of 6.5% during the forecast period.

The key market players analyzed in the U.S. interventional radiology market report include Dickinson and Company, Cook Group Incorporated, Biosensor International Group, Ltd, Koninklijke Philips N.V., Hologic Inc., Becton, Stryker Corporation, Siemens Ag, Medtronic Plc., Boston Scientific Corporation, and Teleflex Incorporated. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players. 

We also Offer Regional and Country Reports-

  • Japan Interventional Radiology Market
  • South Korea Interventional Radiology Market
  • Singapore Interventional Radiology Market
  • Indonesia Interventional Radiology Market
  • Australia Interventional Radiology Market
  • Taiwan Interventional Radiology Market

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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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