Global Interventional Imaging Market to Grow with a CAGR of 5.35% through 2030
Surge in research and development activities is expected to drive the Global
Interventional Imaging Market growth in the forecast period, 2026-2030
According to TechSci Research report, “Interventional
Imaging Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2030”, the Global Interventional Imaging Market stood
at USD 23.87 billion in 2024 and is anticipated to grow with a CAGR of 5.35% in
the forecast period, 2026-2030. The initiatives taken by government based on interventional
imaging has led to favorable market conditions for the Global Interventional
Imaging Market. Several factors contribute to the growth of various interventional
imaging market products.
The U.S.
government has implemented a comprehensive regulatory scheme for interventional
radiology equipment, encompassing federal, state, and local aspects. This multi-layered
approach is designed to meticulously oversee and safeguard the safety, quality,
and efficacy of these medical devices, ensuring that patients receive the
highest standard of care.
The American
College of Radiology passionately advocates for increased federal funding of
imaging research, recognizing the pivotal role it plays in advancing medical
knowledge and improving patient outcomes. As a major source of funding for
medical research, including crucial imaging studies, the U.S. government's continued
investment in this field holds tremendous potential for groundbreaking
discoveries, innovative technologies, and enhanced diagnostic capabilities.
The rising geriatric population, characterized by a significant increase in the number of older adults, has created a substantial demand for interventional radiology products. This demand is further fueled by a favorable reimbursement environment, which incentivizes healthcare providers to invest in these innovative solutions.
In response to this growing market need, companies are channeling substantial investments into research and development (R&D) efforts. These investments aim to develop advanced and cost-effective imaging solutions that cater to the specific requirements of the aging population. By focusing on R&D, companies not only address the current needs of the market but also proactively anticipate and prepare for future market trends.
This emphasis on R&D underscores the commitment of companies in the interventional radiology sector to continuous innovation and improvement. By staying at the forefront of technological advancements, these companies ensure sustained growth and relevance in an ever-evolving healthcare landscape.
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The Global
Interventional Imaging Market is segmented into offering, application, regional
distribution, and company.
Based on application, The cardiology industry segment is projected to experience rapid growth during the forecast period. One of the primary reasons for cardiology's dominance in the interventional imaging market is the increasing prevalence of cardiovascular diseases worldwide. With the rising numbers of individuals affected by these conditions, there is a growing demand for diagnostic and interventional procedures that utilize advanced imaging technologies. Interventional cardiology devices, including cardiac CT scanners, play a crucial role in accurately diagnosing and effectively managing these cardiovascular conditions. The continuous technological advancements in interventional cardiology have significantly contributed to its market dominance. The development of more precise and efficient devices has greatly improved the efficacy of cardiac interventions, leading to their widespread adoption across the healthcare sector. These advancements empower healthcare professionals to provide more targeted and successful treatments, ultimately enhancing patient outcomes. Moreover, it's important to highlight that favorable reimbursement policies for interventional cardiology procedures in certain regions have further fueled the growth of this sector. These policies create a financially viable environment for healthcare providers to offer these interventions, leading to an increased prevalence of interventional cardiology services. As a result, more individuals can access and benefit from these life-saving procedures, contributing to overall improvements in public health.
Based on region, North America segment is expected to
grow during the forecast period. In addition to North America's dominance in the
market, government support plays a crucial role in shaping this position.
Through favorable policies and funding initiatives, the government fosters
research and development in the field of interventional imaging technologies.
This support not only encourages the creation of advanced technologies but also
facilitates their adoption, further solidifying North America's leadership in
the market. By nurturing innovation and providing resources, the government acts
as a catalyst for the continuous growth and advancement of the industry.
Major companies operating in Global Interventional Imaging
Market are:
- Becton,
Dickinson and Company
- Canon
Inc.
- Esaote
SpA
- FUJIFILM
Holdings Corporation
- Hologic,
Inc.
- Intuitive
Surgical, Inc.
- Koninklijke
Philips NV
- Medtronic
plc
- Siemens
Healthineers AG
- Stryker Corporation
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“Growing application of interventional imaging in
various end user industries are key drivers of the interventional imaging market.
Growth in competitive landscape and presence of well-established companies in
the market who are dedicated to enhance their productivity of interventional imaging
with every passing year are anticipated to register an impressive growth to Global
Interventional Imaging Market in the forecast period”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Interventional Imaging Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Offering (CT Scanners, X-Ray Systems, MRI Systems, Ultrasound Imaging Systems, Others), By Application (Cardiology, Neurology, Musculoskeletal, Oncology, Urology, Gastroenterology, Obstetrics, Gynecology, Others), By Region and Competition 2020-2030F”, has evaluated
the future growth potential of Global Interventional Imaging Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Interventional Imaging Market.
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