Global Interventional Radiology Market Huge Growth Opportunity in Coming Year

Posted July 22, 2020 by PSMarketResearch12

Global interventional radiology market generated a revenue of $19.0 billion and is expected to attain a value of $27.3 billion by 2024, advancing at a 6.4% CAGR during the forecast period (2019–2024).
The thought of getting a surgery done is often fearful for people, however, these days, just every other thing has become easy, conduction surgeries for treating diseases has also become comparatively simpler and safer. This is due to the advent of minimally invasive surgeries, whereby the surgeon uses a number of techniques for operating with less damage to the body than is done with open surgery. Patients prefer minimally invasive surgeries because they are associated with less pain, fewer complications, and a shorter stay at hospitals. One of the minimally invasive techniques is interventional radiology.

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Interventional radiology basically refers to number of techniques that rely on the usage of radiological image guidance in order to target therapy precisely.Different types of products utilized for image guidance during interventional radiology procedures are angiography systems, magnetic resonance imaging systems, ultrasound systems, and computed tomography. Because of the growing prevalence of birth disorders and chronic diseases around the world, the demand ultrasound systems is predicted to increase in the coming years.

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The geriatric population in the Asia-Pacific (APAC) region is surging along with the prevalence of chronic diseases, due which the need for interventional radiology systems is expected to rise in the coming years in the region. While in the past, the healthcare system in most of the countries in APAC was under developed, now the expenditure in the sector is growing for improving the healthcare infrastructure. In addition to this, scientific meetings and training programs are being conducted in the region for interventional radiology.
In conclusion, the demand for interventional radiology is rising due to the rising prevalence of chronic diseases and increasing demand for minimally invasive procedures.
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Issued By Pramod Kumar
Country United States
Categories Health , Medical , Reports
Tags interventional radiology market , interventional radiology market demand , interventional radiology market share , interventional radiology market size
Last Updated July 22, 2020