Market Overview

There is a rising trend for minimally invasive procedures, owing to the cost-effective solution and less hospital stays, with the help of minimally invasive techniques, patients are quickly treated and are often discharged from the hospital the same day. Most of the minimally invasive procedures require imaging technologies. Innovation in the imaging technologies, which provides real-time images to the surgeons to show a comprehensive view of internal organs, while diagnosing is driving the interventional radiology market.

Chronic diseases are ongoing, generally incurable illnesses or conditions, such as heart disease, asthma, cancer, and diabetes. Cardiovascular diseases are the major cause of death, globally. Until recent years, treating heart disease meant opening the patient’s chest to directly access the heart through surgery, which is expensive and often the patient is exposed to high risk of infection.

According to WHO, an estimated 17.9 million people die from CVDs every year representing 31% of all global deaths. Of these deaths, an estimated 7.4 million were due to coronary heart disease and 6.7 million were due to stroke. These alarming numbers demand the development of safe and effective interventional procedures.

The increasing preference for minimally invasive procedures and the prevalence of chronic diseases are driving the interventional radiology market. The market is expected to grow steadily, owing to effective interventional procedures performed in lieu of surgery.

Scope of the Report

Interventional Radiology is the use of radiological image guidance (X-ray fluoroscopy, ultrasound, computed tomography [CT] or magnetic resonance imaging [MRI]) to precisely target therapy. Most of the treatments that come under IR are the minimally invasive surgeries and are the alternatives for the open or laparoscopic (keyhole) surgery.

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Key Market Trends

Ultrasound Imaging Systems are Expected to Witness Highest CAGR Over the Forecast Period

Ultrasound imaging systems are a robust guidance tool for many interventional radiology procedures, such as biopsies, abscess drainage, and tumor ablation. The growth of the market studied is expanding the need for ultrasound support.

Ultrasound allows physicians to examine internal organs without using radiation and is commonly used as the first method to check for vascular blockages and aneurysm. Developments in the cardiology and anesthesiology sector have led to new therapies integrating interventional and surgical procedures. Hybrid operating suites are used for these procedures, combining the conventions of a surgical operating room with imaging technology.

The increased use of hybrid operating suites in a developed and mature market is driving the demand, and use of ultrasound equipment in the market studied. Recent advancements in the image quality, improved workflow, and rising concerns over radiation dose in other modalities are driving the ultrasound imaging systems.

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