NEW YORK, Jan. 17, 2017 /PRNewswire/ -- The interventional radiology products market is expected to reach USD 8.02 billion by 2021 from USD 6.35 billion in 2016, at a CAGR of 4.8%.
The major factors driving the growth of this market are rising incidence of chronic diseases, rising geriatric population, and increasing demand for minimally invasive surgeries.
The global interventional radiology products market is segmented based on type, procedure, application, and region. On the basis of type, the stents segment is expected to grow at the highest CAGR during the forecast period. The large share of the stents segment can be attributed to factors such as the increasing incidence of cardiac diseases and cancer and the growing number of angioplasty procedures, globally.
On the basis of procedure, the angiography segment is expected to account for the largest share of the market in 2016. The growing demand for minimally invasive procedures and rising geriatric population are the key factors driving market growth in this segment
Based on application, the market is segmented into cardiology, urology & nephrology, oncology, gastroenterology, neurology, orthopedics, and other applications. In 2016, the cardiology segment is expected to account for the largest share of the market. The rising prevalence of cardiac diseases in developed as well as developing countries is a key factor driving the growth of this market segment.
Geographically, the interventional radiology products market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). The rising incidence of chronic diseases (CVD), the increasing demand for minimally invasive procedures, and availability of reimbursement for minimally invasive products in this region are the major factors contributing to the growth of this market.
Key players in the interventional radiology products market include Abbott Vascular (U.S.), Boston Scientific Corporation (U.S.), Medtronic plc (Ireland), Cardinal Health (U.S.), B. Braun Melsungen AG (Germany), C.R Bard (U.S.), Biosensor International Group Ltd. (Singapore), Stryker Corporation (U.S.), Terumo Corporation (Japan), and Cook Medical Inc. (U.S.).
The report analyses the interventional radiology products market by type, procedure, application, and region. Apart from comprehensive geographic and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise the product portfolios, developments, and strategies adopted by the market players to maintain and increase their shares in the market. The above-mentioned market research data, current market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output in order to remain successful in the interventional radiology products market.
Reasons to Buy the Report:
This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the interventional radiology products market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and new product launches in the interventional radiology products market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the interventional radiology products market
- Market Development: Comprehensive information about emerging markets. This report analyses the market for various interventional radiology products across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the interventional radiology products market
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