The value of the interventional radiology market stood at USD 2,479.8 million in 2023, and this number is projected to reach USD 3,393.4 million by 2030, advancing at a CAGR of 4.7% during 2023–2030. This is because of the mounting number of elderly patients, the rising occurrence of chronic disorders, rising knowledge about less invasive alternatives, and the growing acceptance of new scientific approaches.
On the basis of product, the magnetic resonance imaging category led the industry and is estimated to advance at a CAGR of 4.5% during the projection period. This is mainly because of the enhancements in tech and the rising demand for magnetic resonance imaging systems.
Furthermore, it captures an image by utilizing a magnetic field and radiofrequency around a patient, resulting in clear and thorough photos of soft tissues. The magnetic resonance imaging machine is broadly segmented into 2 types: closed-bore MRI and open MRI.
On the basis of the procedure segment, the angioplasty category leads the industry, credited to the growing count of cardiovascular illnesses. To guide procedures and cure vascular illnesses, angiography is extensively utilized, as it is a minimally invasive process. This process is also accepted by numerous hospitals and healthcare workers for cardiovascular and peripheral vascular imaging
North America dominates the global interventional radiology industry. This is possible because of the growing cases of chronic diseases, the rising elderly populace, the obtainability of minimally invasive approaches, the high per-capita income of individuals, the deep-rooted healthcare infrastructure, improvements in technologies, and the growth of new items in the continent.
Furthermore, as per the American College of Roentgenology, interventional radiology is a requirement for rural patients. Suitable care is not given to rural patients without these services. In rural hospitals and radiology practices, there is a growing need to recruit and retain interventional radiologists but the extent of this will not be known.
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