Interventional Radiology Market Size

Interventional Radiology Market Size

Interventional Radiology Market size was valued at USD 28.1 billion in 2023 and is expected to exhibit growth at a CAGR of 5% from 2024 to 2032. The rising prevalence of chronic disease worldwide and increasing demand for minimally invasive procedures are significantly driving the market growth.  

To get key market trends

  Download Free Sample

The rising prevalence of chronic diseases is a dominant factor driving the growth of the market, as these minimally invasive procedures offer effective alternatives for diagnosing and treating conditions associated with cardiovascular disease, cancer, and other chronic ailments. The increasing prevalence of chronic diseases is fueled by factors such as aging populations, sedentary lifestyles, and rising rates of obesity and diabetes. According to the World Health Organization (WHO), chronic diseases account for 71% of all deaths globally, with cardiovascular diseases alone responsible for 17.9 million deaths annually. As chronic diseases continue to rise, the need for interventional radiology is expected to grow, offering a critical solution in the global healthcare landscape.
 

Interventional radiology (IR) is a medical specialty that uses imaging techniques such as X-rays, CT scans, MRI, and ultrasound to guide minimally invasive procedures. These procedures are performed to diagnose and treat various conditions throughout the body without the need for traditional surgery.