Interventional radiology is a medicinal technology that provides minimally invasive image-guided diagnosis and treatment of disease. Increasing prevalence of chronic diseases such as cancer, cardiovascular diseases, and others propelling the demand for the Interventional radiology market. For instance, According to the World Health Organization (WHO) 2018 report, cardiovascular diseases accounted for nearly 836,546 deaths in the United States. Moreover, according to the World Cancer Research Firm, around 18 million cancer cases reported across the globe in 2018. Growing preference for minimally invasive procedures as it requires imaging technologies to provides real-time images of internal organs further propelling the market demand.According to AMA, the market for Interventional Radiology is expected to register a CAGR of 5.8% during the forecast period to 2024. This growth is primarily driven by Increase in the Prevalence of Chronic Disease and Growing Geriatric Population.
Globally, a noticeable market trend is evident Rising Demand for Minimally Invasive Procedures
. Major Players, such as GE Healthcare (United Kingdom), Siemens Healthcare GmBH (Germany), Koninklijke Philips N.V. (Netherland), Toshiba Medical Systems Corporation (Japan), Hitachi Medical Corporation (Japan), Carestream Health, Inc. (United States), Fujifilm Corporation (Japan), Samsung Medison (South Korea) and Shimadzu Corporation (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
28th February 2019. Siemens Launch Artis icono, a new line of interventional angiography systems. This product line is designed to support both cardiology and radiology interventional procedures by means of a new detector positioning design.
“According to the Federal Regulations, each facility should establish a radiation safety program. A radiation safety program is the mechanism by which an institution ensures that, each individual involved in image selection, acquisition and interpretation is appropriately trained on radiation safety (ICRP 2009), the use of ionizing radiation within its purview is performed in accordance with existing laws and regulations, individual health care providers and technologists are equipped with knowledge of the options available to them as they contribute to making benefit, risk assessments and selecting the appropriate examination and protocol for each individual patient, and x-ray equipment users and the surrounding public receive adequate radiation protection. The primary objective is to obtain necessary diagnostic information or interventional results with no more irradiation of the patient than is required. This also helps keep exposure to staff and members of the public at a minimum.”
- Increase in the Prevalence of Chronic Disease
- Growing Geriatric Population
- Rising Demand for Minimally Invasive Procedures
- Emphasizing On Technological Advancements in the Field of Interventional Radiology
- Stringent Government Regulations Regarding Interventional Radiology
- Lack of Skilled Medical Professionals
Rising Demand for Interventional Radiology Owing to Increasing Incidence of Cancer and Growing Healthcare Infrastructure in the Developing Economies
Risk of High Radiation Exposure during Interventional Radiology Procedure
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