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Global Interventional Radiology Devices Market 2017-2021

Global Interventional Radiology Devices Market 2017-2021

About Interventional Radiology Devices

IR, which is also known as vascular radiology, is a branch of medical imaging, which provides Mi image-guided diagnosis and treatment of diseases of almost all organs. Interventional radiologists perform extensive procedures that are less painful and provide faster recovery and better outcomes when compared with open surgeries. IR minimized risk by using image guidance and MI techniques. Interventional radiologists interpret diagnostic images, manipulate needles, and use fine catheter tubes and wires to navigate around the body. They specialize in radiology and interventional therapy. Vascular, hepatobiliary, gastrointestinal, genitourinary, musculoskeletal, pulmonary, and, central nervous system (CNS)-related diseases can be diagnosed and treated using IR devices.

Technavio’s analysts forecast the global interventional radiology devices market to grow at a CAGR of 4.28% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global interventional radiology devices market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of IR devices.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Interventional Radiology Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott
  • B. Braun
  • Boston Scientific
  • Cardinal Health
  • Medtronic
Other prominent vendors
  • Abbott Vascular
  • Abiomed
  • AtriCure
  • Biosensors International
  • Biotronik
  • BioVentrix
  • C. R. Bard
Market driver
  • Increasing demand for MI procedures
  • For a full, detailed list, view our report
Market challenge
  • Deficit of IR consultants
  • For a full, detailed list, view our report
Market trend
  • Increasing number of M&A
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Interventional Radiology Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global interventional radiology devices market: Abbott, B. Braun, Boston Scientific, Cardinal Health, and Medtronic.

Other Prominent Vendors in the market are: Alvimedica, Amecath, AngioDynamics, Balton, BrosMed Medical, Biosensors International, BIOTRONIK, COOK, C. R. Bard, ENDOCOR, JOTEC, Koninklijke Philips, Meril Life Sciences, Merit Medical Systems, MicroPort Scientific, ORZONE, OrbusNeich, Rontis, Stryker, and Terumo Medical.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing number of M&A. Companies are adopting to M&A to expand their global presence and increase their product offerings and market share. M&A enable companies to exchange technology and R&D capabilities. For instance, Boston Scientific is focusing on increasing M&A to improve its global presence. Similarly, Abbott is also focusing on M&A to increase its global presence.”

According to the report, one of the major drivers for this market is Increasing demand for MI procedures. Globally, the demand for MI procedures is increasing. MI procedures reduce physical trauma and the risk of infections, which enables early recovery. MI procedures offer certain benefits such as lower cost, shorter hospital stay, greater comfort, and quick recovery. MI procedures have better effectiveness when compared with traditional procedures. The cost of MI procedures can be higher when compared with other conventional procedures.

Further, the report states that one of the major factors hindering the growth of this market is Deficit of IR consultants. Interventional radiologists are radiology experts that perform a wide range of interventional procedures and interpret the results accurately. Interventional radiologists are often required for clinical sub-specialties. The growth of the aging population is a major cause for the shortage of IR consultants. The need for interventional radiologists has also increased in rural areas. According to the American Association of Medical Schools (AAMC), by 2025, the demand for physicians will exceed supply by 61,700 to 94,700. The shortage of interventional radiologists is higher in EMEA. Hence, the shortage of IR consultants is a challenge for the growth of the market.

Companies Mentioned

Abbott, B. Braun, Boston Scientific, Cardinal Health, Medtronic, Alvimedica, Amecath, AngioDynamics, Balton, BrosMed Medical, Biosensors International, BIOTRONIK, COOK, C. R. Bard, ENDOCOR, JOTEC, Koninklijke Philips, Meril Life Sciences, Merit Medical Systems, MicroPort Scientific, ORZONE, OrbusNeich, Rontis, Stryker, and Terumo Medical.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Overview
      • Table Common IR procedures
      • Table Global IR devices market: Impact of factors 2016 and 2021
  • Market landscape
    • Overview
      • Table Global IR devices market: Overview
    • Market size and forecast
      • Table Global IR devices market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Segmentation by application
    • Overview
      • Table Global IR devices market: Segmentation by application 2016 (% share)
  • Segmentation by product
    • Overview
      • Table Global IR devices market: Segmentation by product 2016 (% share)
  • Segmentation by end-user
    • Overview
      • Table Global IR devices market: Segmentation by end-user 2016 (% share)
      • Table Global IR devices market: Segmentation by end-user 2021 (% share)
    • ASCs
      • Table Global IR devices market from ASCs 2016-2021 ($ billions)
    • Hospitals
      • Table Global IR devices market from hospitals 2016-2021 ($ billions)
    • Physicians' offices
      • Table Global IR devices market from physicians' offices 2016-2021 ($ billions)
  • Segmentation by geography
    • Overview
      • Table Global IR devices market: Segmentation by geography 2016 (% share)
      • Table Global IR devices market: Segmentation by geography 2021 (% share)
      • Table Global IR devices market: Overview of segmentation by geography
    • Americas
      • Table IR devices market in Americas 2016-2021 ($ billions)
      • Table Overview of IR devices in key countries in Americas
    • EMEA
      • Table IR devices market in EMEA 2016-2021 ($ billions)
      • Table Overview of IR devices in key countries in EMEA
    • APAC
      • Table IR devices market in APAC 2016-2021 ($ billions)
      • Table Overview of IR devices in key countries in APAC
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Prevalence of chronic diseases in US
    • Market challenges
      • Table Bleeding risk factors during the IR procedures
      • Table Reimbursement changes for different IR procedures 2016
  • Market trends
    • Product launches
    • Increasing number of M&A
    • Increasing focus on emerging markets
  • Vendor landscape
    • Competitive landscape
      • Table Global IR devices market: Competitive structure analysis
    • Other prominent vendors
  • Key vendor analysis
    • Abbott
      • Table Abbott: Key highlights
      • Table Abbott: Strength assessment
      • Table Abbott: Strategy assessment
      • Table Abbott: Opportunity assessment
    • B. Braun
      • Table B. Braun: Key highlights
      • Table B. Braun: Strength assessment
      • Table B. Braun: Strategy assessment
      • Table B. Braun: Opportunity assessment
    • Boston Scientific
      • Table Boston Scientific: Key highlights
      • Table Boston Scientific: Strength assessment
      • Table Boston Scientific: Strategy assessment
      • Table Boston Scientific: Opportunity assessment
    • Cardinal Health
      • Table Cardinal Health: Key highlights
      • Table Cardinal Health: Strength assessment
      • Table Cardinal Health: Strategy assessment
      • Table Cardinal Health: Opportunity assessment
    • Medtronic
      • Table Medtronic: Financial overview
      • Table Medtronic: Key highlights
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
  • Appendix
    • List of abbreviations
  • Explore Technavio

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