Our comprehensive research on the Global Interventional Oncology Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
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.
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.
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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.
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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The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Interventional Oncology industry experienced notable growth in its workforce. Starting in January, employment within the Interventional Oncology sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Interventional Oncology output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Interventional Oncology output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Interventional Oncology market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Interventional Oncology market.
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
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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
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
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Table of Contents:
Chapter 1: Introduction to the Global Interventional Oncology Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Interventional Oncology Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Interventional Oncology Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Interventional Oncology Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Interventional Oncology market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Interventional Oncology market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Interventional Oncology business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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