The “Interventional Oncology Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Interventional Oncology Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global interventional oncology market size was US$ 1,981.9 million in 2021. The global interventional oncology market is expected to grow to US$ 4,121.2 million by 2030, registering a compound annual growth rate (CAGR) of 7.1% during the study period, i.e., 2022-2030.
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Interventional oncology procedures encompass cancer detection and therapy using minimally invasive techniques. For guidance, professionals use efficient tools like x-ray, ultrasound, computed tomography, or magnetic resonance imaging. Ablation electrodes, guidewires, biopsy needles, and intravascular catheters are used during the operations in order to treat tumors that are located in difficult-to-reach areas of the body.
COVID-19 Impact Analysis :
The overall impact of COVID-19 has been adverse on the global interventional oncology market. It is majorly owing to the obstacles faced by the manufacturers due to prolonged lockdowns and import-export restrictions, which led to the shortage of raw materials. Additionally, a significant number of medical schools and hospitals around the world underwent structural changes to expand their capacity to accommodate patients with COVID-19. The COVID-19 pandemic has detrimental effects on interventional oncology training as well. Apart from that, the substantial reduction in training chances brought on by postponing unnecessary surgery declined the demand for the interventional oncology market.
Factors Influencing the Market :
Together with medical, surgical, and radiation oncology, interventional oncology is a crucial component of cancer treatment. The interventional oncology program uses image guidance to guide targeted, minimally invasive operations. The growing cases of cancer are expected to primarily prompt the demand for interventional oncology during the study period. Globocan estimates that nearly 18,094,716 million cancer cases were recorded in 2020 globally. Apart from that, the report by IARC states that the new cancer cases are expected to increase by 47% in the next 20 years.
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The rising investments to improve the healthcare infrastructure is expected to open doors of opportunities for the global interventional oncology market during the analysis period. The market will also record potential growth due to the growing popularity of alternative cancer treatments such as radiation therapy, surgeries, etc.
Regional Analysis :
Based on Region, North America is expected to exhibit the highest CAGR during the study period due to the rising cases of cancer.
Asia-Pacific interventional oncology market will record potential growth due to the growing efforts by governments in the form of funding for oncological treatments.
Competitors in the Market
Alpinion Medical Systems Co. Ltd.
AngioDynamics
Boston Scientific Corporation
Hologic, Inc.
Medtronic Plc.
Merit Medical
Profound Medical
Siemens Healthineers
Teleflex Incorporated
Terumo Corporation
Other Prominent Players
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Market Segmentation
The global interventional oncology market segmentation focuses on Product, Procedure, Cancer, End-Users, and Region.
By Product
Embolization Devices
o Radioembolic Agents
o Non-Radio embolic Agents
? Microspheres
? Coated Beads
? Microparticles
Ablation Devices
o Radiofrequency (RF) Ablation Devices
o Microwave Ablation Devices
o Cryoablation Devices
o Other Ablation Devices
Support Devices
o Microcatheters
o Guidewires
By Procedure
Thermal Tumor Ablation
Non-Thermal Tumor Ablation
Transcatheter Arterial Chemoembolization
Transcatheter Arterial Radioembolization/Selective Internal Radiation Therapy
Transcatheter Arterial Embolization/Bland Embolization
By Cancer Type
Liver Cancer
Lung Cancer
Bone Metastasis
Kidney Cancer
Breast Cancer
Prostate Cancer
Other Cancers
By End Users
Hospitals
Ambulatory Surgery Centers
Research & Academic Institutes
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By Regional Outlook
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America
Key questions answered in the Interventional Oncology market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Interventional Oncology market over the forecast period?
- What are the factors driving and restraining the market for Interventional Oncology?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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