Global Interventional Radiology Imaging Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
MRI System, Ultrasound Imaging System, CT Scanner, Angiography System, Fluoroscopy System, Biopsy System, and Other Products.By Procedures;
Angiography, Angioplasty, Embolization, Biopsy, Vertebroplasty, Thrombolysis, Nephrostomy Placement, and Other Procedures.By Application;
Oncology, Cardiology, Urology & Nephrology, Gastroenterology, and Other Applications.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Interventional Radiology Imaging Market (USD Million), 2021 - 2031
In the year 2024, the Global Interventional Radiology Imaging Market was valued at USD 28,227.19 million. The size of this market is expected to increase to USD 43,291.29 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.3%.
The Global Interventional Radiology Imaging Market encompasses a broad spectrum of imaging technologies and devices utilized in minimally invasive procedures guided by real-time imaging. This market is experiencing significant growth driven by factors such as technological advancements, increasing prevalence of chronic diseases, and rising demand for minimally invasive procedures.
Interventional radiology imaging plays a crucial role in guiding physicians during procedures such as angiography, embolization, biopsy, and ablation. These imaging modalities include fluoroscopy, computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, and cone-beam CT (CBCT). These technologies provide high-resolution, real-time images that enable interventional radiologists to visualize the target area, guide catheter placement, and monitor treatment progress.
One of the key drivers of market growth is the increasing adoption of minimally invasive procedures over traditional surgery. Minimally invasive techniques offer patients benefits such as shorter recovery times, reduced risk of complications, and improved outcomes. Interventional radiology imaging plays a crucial role in facilitating these procedures by providing precise guidance and visualization, driving demand for advanced imaging technologies.
Geographically, North America and Europe currently dominate the interventional radiology imaging market, owing to factors such as well-established healthcare infrastructure, high adoption rates of advanced medical technologies, and significant investment in research and development. However, emerging markets in Asia-Pacific and Latin America are experiencing rapid growth, fueled by increasing healthcare expenditure, rising prevalence of chronic diseases, and expanding access to healthcare services.
The Global Interventional Radiology Imaging Market is poised for continued growth as technological innovation continues to drive the development of more advanced imaging modalities and devices. Additionally, the rising demand for minimally invasive procedures and increasing awareness of the benefits of interventional radiology imaging are expected to contribute to market expansion in the coming years.
Global Interventional Radiology Imaging Market Recent Developments
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In June 2024, GE HealthCare and MediView XR Inc. announced the first installation of the OmnifyXR interventional suite at North Star Vascular and Interventional (NSVI) in Minneapolis, Minnesota. This launch marks a significant expansion of the company's interventional radiology portfolio and is expected to broaden their customer base.
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In June 2024, Royal Philips announced the first implantation of the Duo Venous Stent System, a device designed to treat symptomatic venous outflow obstruction in patients with chronic venous insufficiency (CVI), following its premarket approval (PMA) from the U.S. Food and Drug Administration (FDA).
Segment Analysis
The medical imaging market is segmented by product types, including MRI systems, ultrasound imaging systems, CT scanners, angiography systems, fluoroscopy systems, biopsy systems, and other products. MRI systems are used for detailed imaging of soft tissues and are critical in diagnosing conditions related to the brain, spine, and joints. Ultrasound imaging systems offer real-time, non-invasive diagnostic capabilities, especially useful in obstetrics, cardiology, and musculoskeletal imaging. CT scanners provide detailed cross-sectional images of the body and are widely used for detecting tumors, fractures, and internal bleeding. Angiography systems are used to visualize blood vessels, essential for diagnosing cardiovascular diseases, while fluoroscopy systems enable continuous imaging during procedures. Biopsy systems assist in obtaining tissue samples for further analysis, and other products cover a variety of specialized imaging tools for specific medical conditions.
Procedures in this market include angiography, angioplasty, embolization, biopsy, vertebroplasty, thrombolysis, nephrostomy placement, and other procedures. Angiography is essential for visualizing blood vessels and diagnosing blockages or aneurysms, often followed by angioplasty, a procedure that uses a balloon to open narrowed arteries. Embolization involves blocking blood flow to specific areas, frequently used in the treatment of tumors or vascular malformations. Biopsy procedures, guided by imaging, are crucial for diagnosing various cancers and infections. Vertebroplasty is performed to treat vertebral compression fractures, and thrombolysis is used to dissolve blood clots, especially in the case of stroke. Nephrostomy placement involves inserting a tube into the kidney for drainage, while other procedures span a range of specialized treatments targeting various conditions.
The applications of medical imaging systems span oncology, cardiology, urology & nephrology, gastroenterology, and other medical fields. In oncology, imaging systems are used to detect and monitor tumors, offering guidance for surgical planning, radiation therapy, and chemotherapy. In cardiology, imaging plays a vital role in diagnosing heart diseases, such as coronary artery disease, heart failure, and arrhythmias. Urology & nephrology applications involve imaging for kidney diseases, prostate conditions, and urinary tract problems. Gastroenterology applications rely on imaging for detecting gastrointestinal disorders, such as cancers, ulcers, or inflammatory conditions. The other applications category includes imaging for neurological conditions, musculoskeletal disorders, and various other specialized areas where precise imaging is crucial for diagnosis and treatment planning.
Global Interventional Radiology Imaging Segment Analysis
In this report, the Global Interventional Radiology Imaging Market has been segmented by Product, Procedures, Application and Geography.
Global Interventional Radiology Imaging Market, Segmentation by Product
In this report, the Global Interventional Radiology Imaging Market has been segmented by Product into MRI System, Ultrasound Imaging System, CT Scanner, Angiography System, Fluoroscopy System, Biopsy System and Other Products.
MRI Systems are integral components of interventional radiology imaging, offering detailed images of soft tissues and organs without the use of ionizing radiation. These systems provide high-resolution images that aid in diagnosing and guiding interventions for various medical conditions, including vascular abnormalities, tumors, and musculoskeletal disorders. Ultrasound Imaging Systems play a crucial role in interventional radiology procedures by providing real-time imaging of internal structures using sound waves. These systems offer versatility and portability, making them suitable for a wide range of interventional procedures, including biopsies, drainages, and vascular access. Ultrasound-guided interventions enable precise needle placement and real-time visualization of needle advancement, enhancing procedural accuracy and safety.
CT Scanners are another essential product category in the interventional radiology imaging market, offering cross-sectional images of the body with high spatial resolution. CT imaging provides detailed anatomical information that is valuable for planning and guiding interventional procedures, such as biopsies, ablations, and embolizations. CT-guided interventions offer excellent visualization of target lesions and surrounding structures, facilitating accurate needle placement and treatment delivery. Angiography Systems are specialized imaging systems used to visualize blood vessels and guide minimally invasive procedures such as angioplasty, stenting, and embolization. These systems offer high-resolution images of vascular anatomy and pathology, allowing interventional radiologists to diagnose and treat a wide range of vascular conditions, including aneurysms, arteriovenous malformations, and peripheral artery disease.
Fluoroscopy Systems are widely used in interventional radiology procedures to provide real-time, dynamic imaging of moving anatomical structures. These systems enable continuous visualization of catheter movement and contrast agent distribution during procedures such as angiography, embolization, and drainage. Fluoroscopy-guided interventions offer excellent visualization and precise guidance, enhancing procedural efficiency and safety. Biopsy Systems encompass a range of devices used to obtain tissue samples for diagnostic purposes or therapeutic interventions. These systems include core biopsy needles, vacuum-assisted biopsy devices, and biopsy guidance systems, which enable interventional radiologists to perform minimally invasive tissue sampling procedures under imaging guidance. Biopsy systems play a crucial role in the diagnosis and staging of various cancers, as well as in the evaluation of suspicious lesions and pathology.
Global Interventional Radiology Imaging Market, Segmentation by Procedures
In this report, the Global Interventional Radiology Imaging Market has been segmented by Procedures into Angiography, Angioplasty, Embolization, Biopsy, Vertebroplasty, Thrombolysis, Nephrostomy Placement and Other Procedures.
Angiography stands as a cornerstone procedure within interventional radiology, involving the visualization of blood vessels through the injection of contrast agents followed by real-time imaging. This technique is pivotal for diagnosing and treating vascular conditions such as aneurysms, stenosis, and arteriovenous malformations, offering precise guidance for subsequent interventions like angioplasty or embolization. Angioplasty is another vital procedure in interventional radiology, involving the dilation of narrowed or blocked blood vessels using balloons or stents. This technique restores blood flow to affected areas, alleviating symptoms and reducing the risk of complications associated with vascular occlusions. Embolization procedures entail the deliberate occlusion of blood vessels using embolic agents, coils, or particles to treat various conditions such as tumors, arteriovenous malformations, and traumatic bleeding, offering targeted therapy and symptom relief.
Biopsy procedures in interventional radiology involve the extraction of tissue samples from organs or lesions for diagnostic or therapeutic purposes. These procedures utilize imaging guidance, such as ultrasound, CT, or MRI, to precisely target and obtain tissue samples for histological analysis. Biopsy techniques play a crucial role in diagnosing cancers, evaluating suspicious lesions, and guiding treatment decisions, offering patients minimally invasive alternatives to surgical biopsy. Vertebroplasty is a procedure commonly used to treat vertebral compression fractures by injecting bone cement into the fractured vertebra under imaging guidance. This technique stabilizes the fracture, relieves pain, and restores vertebral height, improving patient mobility and quality of life. Thrombolysis procedures involve the administration of clot-dissolving medications directly into blood vessels to dissolve blood clots and restore blood flow, particularly in cases of acute arterial or venous thrombosis. Nephrostomy placement procedures involve the insertion of drainage catheters into the kidney to relieve urinary obstruction or collect urine for analysis, offering a minimally invasive approach to managing urinary tract conditions.
Global Interventional Radiology Imaging Market, Segmentation by Application
In this report, the Global Interventional Radiology Imaging Market has been segmented by Application into Oncology, Cardiology, Urology & Nephrology, Gastroenterology and Other Applications.
Oncology stands as a significant application area within interventional radiology, encompassing procedures such as tumor ablations, biopsies, embolizations, and drainage interventions. Interventional radiology plays a crucial role in the diagnosis, treatment, and management of various cancers, offering minimally invasive alternatives to surgical interventions and facilitating targeted therapy delivery for improved patient outcomes. Cardiology represents another prominent application area in the interventional radiology imaging market, focusing on the diagnosis and treatment of cardiovascular conditions such as coronary artery disease, peripheral artery disease, and congenital heart defects. Interventional radiology techniques such as angiography, angioplasty, stent placement, and thrombolysis are commonly employed in cardiology interventions, providing precise visualization and guidance for catheter-based procedures aimed at restoring blood flow and alleviating symptoms.
Urology & Nephrology are also significant application areas for interventional radiology imaging, encompassing procedures such as nephrostomy placement, renal angiography, embolization for renal tumors or arteriovenous malformations, and percutaneous nephrolithotomy for kidney stone removal. Interventional radiology plays a critical role in managing urinary tract conditions, renal artery disease, and kidney-related disorders, offering minimally invasive approaches to diagnose and treat various urological and nephrological conditions. Gastroenterology represents another key application area in interventional radiology imaging, involving procedures such as transarterial chemoembolization (TACE) for liver cancer, percutaneous biliary interventions for biliary obstruction, and percutaneous gastrostomy tube placement for enteral feeding. Interventional radiology techniques offer minimally invasive solutions for diagnosing and managing gastrointestinal conditions, providing targeted therapy delivery and symptom relief while minimizing patient discomfort and recovery times.
Global Interventional Radiology Imaging Market, Segmentation by Geography
In this report, the Global Interventional Radiology Imaging Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Interventional Radiology Imaging Market Share (%), by Geographical Region, 2024
North America holds a significant share of the market due to the regions advanced healthcare infrastructure, high adoption rates of new technologies, and strong investment in medical research. The United States is a key player in this market, with widespread use of imaging systems in hospitals, clinics, and research institutions. The presence of leading medical device manufacturers and a robust healthcare system also contribute to North America's dominance in the medical imaging space.
In Europe, the market is characterized by a diverse healthcare landscape with both public and private healthcare systems. Countries like Germany, France, and the United Kingdom are major contributors to the market, driven by high healthcare expenditure, technological advancements, and a growing demand for diagnostic imaging. The aging population in Europe also drives the demand for medical imaging, as older individuals require more frequent medical assessments. However, varying regulations across European countries can affect the speed of adoption and market growth.
Asia Pacific is expected to see substantial growth in the medical imaging market over the next decade, with countries like China, India, Japan, and South Korea at the forefront. Rapid urbanization, improved healthcare infrastructure, and increasing awareness of diagnostic imaging technologies are driving market expansion in the region. Additionally, the rising prevalence of chronic diseases such as cancer, cardiovascular diseases, and neurological disorders is contributing to the demand for imaging systems. The Middle East and Africa represent emerging markets, where investment in healthcare infrastructure is growing, but economic disparities and limited access to healthcare in some regions can impact market growth. Latin America is also experiencing growth in the medical imaging market, with countries like Brazil and Mexico focusing on expanding healthcare access and upgrading medical technologies, thus contributing to increased demand for imaging systems throughout the region. The report timeline from 2020 to 2030 indicates continued expansion, particularly in Asia Pacific and Latin America, driven by economic development and increasing healthcare investments.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Interventional Radiology Imaging Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities
Drivers:
- Technological Advancements
- Rising Chronic Disease Burden
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Shift towards Minimally Invasive Procedures: The preference for minimally invasive procedures among patients and healthcare providers has spurred a notable shift in medical practice towards interventions that offer reduced trauma, quicker recovery, and enhanced patient comfort. This preference stems from the recognition of the significant advantages minimally invasive techniques provide over traditional open surgeries. By utilizing interventional radiology techniques, clinicians can achieve remarkable precision in diagnosing and treating a diverse array of conditions, often without the need for extensive incisions or invasive maneuvers. Whether it's the precise placement of catheters for targeted drug delivery or the real-time imaging guidance during tumor ablations, interventional radiology imaging systems play a pivotal role in enabling these procedures with unparalleled accuracy and efficacy.
The adoption of interventional radiology techniques is not merely driven by patient preferences but also by healthcare providers' recognition of the associated clinical benefits. With shorter hospital stays, patients can often return to their normal activities sooner, reducing healthcare costs and improving overall patient satisfaction. Moreover, the reduced risk of complications associated with minimally invasive procedures minimizes the burden on healthcare facilities, allowing for more efficient resource utilization and better patient outcomes. As a result, interventional radiology imaging systems have become indispensable tools in modern healthcare, facilitating the widespread adoption of minimally invasive approaches across various medical specialties and contributing to the advancement of patient-centered care.
Restraints:
- High Cost of Equipment and Procedures
- Concerns Regarding Radiation Exposure
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Limited Awareness and Access: The limited awareness among patients and referring physicians regarding the availability and efficacy of interventional radiology procedures represents a significant challenge in healthcare delivery. In many cases, patients and even some healthcare professionals may not fully understand the scope of conditions that can be effectively treated through interventional radiology techniques. This lack of awareness often leads to underutilization of these advanced procedures, resulting in missed opportunities for patients to benefit from minimally invasive interventions. Additionally, misconceptions or outdated perceptions about interventional radiology may contribute to hesitancy among referring physicians in recommending these procedures, further exacerbating the issue.
The disparity in access to interventional radiology services and imaging equipment is particularly pronounced in rural or underserved areas, where healthcare infrastructure may be limited. In such regions, the availability of specialized medical facilities and trained interventional radiologists is often scarce, making it challenging for patients to access these life-saving procedures. Additionally, the high cost of acquiring and maintaining interventional radiology equipment poses a significant barrier for healthcare facilities operating in resource-constrained settings, further limiting access to these essential services. Addressing these disparities in access requires concerted efforts from healthcare policymakers, industry stakeholders, and healthcare providers to ensure equitable distribution of resources and expand the reach of interventional radiology services to underserved populations. By raising awareness and investing in infrastructure development, it is possible to bridge the gap and ensure that all patients, regardless of their geographic location or socioeconomic status, have access to the benefits of interventional radiology interventions.
Opportunities:
- Expanding Applications
- Market Expansion in Emerging Economies
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Collaboration and Integration with Other Specialties: The collaboration between interventional radiologists and other medical specialties, including oncology, cardiology, and neurology, holds immense promise for revolutionizing patient care through multidisciplinary treatment approaches. By leveraging the expertise of various specialists and integrating imaging guidance with targeted therapies, healthcare teams can tailor treatment plans to individual patient needs with unprecedented precision. In oncology, for instance, interventional radiologists work closely with oncologists to perform minimally invasive procedures such as tumor ablations and embolization, delivering localized therapies directly to the tumor site while minimizing damage to surrounding healthy tissue. Similarly, in cardiology, the combination of interventional radiology imaging systems with catheter-based interventions enables precise diagnosis and treatment of cardiovascular conditions, including coronary artery disease and structural heart defects.
These collaborative efforts extend beyond diagnosis and treatment to encompass comprehensive patient care, facilitating seamless coordination across different stages of the care continuum. Integrated care models, where interventional radiologists collaborate with specialists from various disciplines within a unified healthcare team, not only optimize patient outcomes but also streamline clinical workflows and resource utilization. Moreover, the multidisciplinary approach fosters innovation by encouraging cross-pollination of ideas and techniques between different specialties, leading to the development of novel treatment modalities and therapeutic strategies. As healthcare systems increasingly recognize the value of interdisciplinary collaboration in improving patient care, there are boundless opportunities for interventional radiology imaging systems to play a pivotal role in driving innovation and enhancing clinical outcomes across a wide spectrum of medical specialties.
Competitive Landscape Analysis
Key players in Global Interventional Radiology Imaging Market include
- Siemens AG
- Koninklijke Philips N.V.
- Toshiba Medical Systems Corporation (Toshiba Corporation)
- Hitachi Medical Corporation (Hitachi Ltd.)
- Carestream Health
- Esaote S.P.A.
- Hologic Inc.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Procedures
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Interventional Radiology Imaging Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Technological Advancements
- Rising Chronic Disease Burden
- Shift towards Minimally Invasive Procedures
- Restraints
- High Cost of Equipment and Procedures
- Concerns Regarding Radiation Exposure
- Limited Awareness and Access
- Opportunities
- Expanding Applications
- Market Expansion in Emerging Economies
- Collaboration and Integration with Other Specialties
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Interventional Radiology Imaging Market, By Product, 2021 - 2031 (USD Million)
- MRI System
- Ultrasound Imaging System
- CT Scanner
- Angiography System
- Fluoroscopy System
- Biopsy System
- Other Products
- Global Interventional Radiology Imaging Market, By Procedures, 2021 - 2031 (USD Million)
- Angiography
- Angioplasty
- Embolization
- Biopsy
- Vertebroplasty
- Thrombolysis
- Nephrostomy Placement
- Other Procedures
- Global Interventional Radiology Imaging Market, By Application, 2021 - 2031 (USD Million)
- Oncology
- Cardiology
- Urology & Nephrology
- Gastroenterology
- Other Applications
- Global Interventional Radiology Imaging Market, By Geography, 2023 - 2033 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Interventional Radiology Imaging Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Siemens AG
- Koninklijke Philips N.V.
- Toshiba Medical Systems Corporation (Toshiba Corporation)
- Hitachi Medical Corporation (Hitachi Ltd.)
- Carestream Health
- Esaote S.P.A.
- Hologic Inc.
- Company Profiles
- Analyst Views
- Future Outlook of the Market