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Interventional Radiology Market Trends
- Report ID: GMI3576
- Published Date: Sep 2024
- Report Format: PDF
Interventional Radiology Market Trends
Technological advancements in imaging technology are one of the most trending factors driving the growth of the market, as they enhance the precision, safety, and effectiveness of minimally invasive procedures.
- These advancements include innovations such as high-definition 3D imaging, which allows for more accurate visualization of complex anatomy and real-time imaging systems, such as fluoroscopy and ultrasound, that guide interventional procedures with greater accuracy.
- Another significant development is the integration of artificial intelligence (AI) in healthcare and machine learning in imaging, which improves the detection, diagnosis, and monitoring of diseases, leading to more personalized and efficient treatment plans.
- Additionally, hybrid imaging technologies, such as PET/CT and PET/MRI, combine different imaging modalities to provide comprehensive views of the targeted area, improving diagnostic accuracy and treatment outcomes. These technological innovations are not only increasing the success rates of interventional procedures but are also reducing the risks and recovery times for patients, making interventional radiology a preferred choice for treating a wide range of conditions.
Frequently Asked Questions (FAQ) :
The interventional radiology industry was valued at USD 28.1 billion in 2023 and is expected to exhibit 5% CAGR from 2024 – 2032 due to rising prevalence of chronic disease worldwide and increasing demand for minimally invasive procedures
The cardiology application segment held 31% of the market share in 2023 led by significant demand for diagnostic and therapeutic interventions.
The hospitals segment in the interventional radiology market is anticipated to reach USD 22.8 billion by 2032 as they are equipped with the most advanced and comprehensive infrastructure, including state-of-the-art imaging technologies and interventional radiology suites.
North America market is anticipated to grow at 4.3% CAGR between 2024 and 2032 led by a high prevalence of chronic conditions such as cardiovascular disease, cancer, and diabetes
Interventional Radiology Market Scope
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