Global Interventional Radiology Market Size Report Segmented by Product (MRI Systems, CT Scanners, Angiography Systems), Procedure (Angioplasty, Embolization, Thrombolysis), Application (Cardiology, Oncology, Urology), Regional Forecast to 2030
The interventional radiology market is projected to grow at a CAGR of ~6% over the forecast period. Major factors driving the growth include the rising prevalence of chronic diseases, technological advancements in imaging modalities, a shift towards minimally invasive procedures, rising awareness about the benefits of IR, and the growing application of interventional radiology in new treatment areas such as oncology and pain management. To learn more about the research report, download a sample report.
Report Overview
Interventional radiology (also known as IR) is a minimally invasive, image-guided procedure for diagnosing and treating diseases in nearly every organ system. It utilizes imaging techniques such as X-ray, ultrasound, CT (computed tomography), and MRI (magnetic resonance imaging) to guide small instruments like catheters and needles through the body to treat conditions without the need for open surgery.
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Rising prevalence of chronic diseases drives market growth
The increasing prevalence of chronic diseases such as cardiovascular disorders, cancer, and neurological conditions is a significant driver of the interventional radiology (IR) market. With the rising global burden of diseases like stroke, peripheral artery disease, and liver cancer, there is a growing need for minimally invasive procedures that offer faster recovery times, reduced complications, and improved patient outcomes. Interventional radiology techniques, including angioplasty, embolization, and tumor ablation, provide effective treatment options for managing these conditions without the need for traditional open surgery. The aging population further contributes to the demand for IR procedures, as older individuals are more susceptible to chronic illnesses requiring continuous monitoring and intervention. As healthcare systems worldwide prioritize early diagnosis and non-surgical treatment methods, the adoption of interventional radiology continues to expand, fueling market growth and technological advancements in imaging and catheter-based interventions.
Technological advancements in imaging modalities fuel its demand
Innovations in MRI, CT, ultrasound, and fluoroscopy have significantly enhanced the precision, safety, and effectiveness of minimally invasive procedures. High-resolution imaging, 3D/4D visualization, and AI-powered image analysis have added a layer of precision to IR procedures, allowing for real-time, three-dimensional visualizations of the targeted area. Coupled with AR, this technology provides radiologists with overlay images for more accurate interventions, reducing risks and improving outcomes. Additionally, portable and hybrid imaging systems are expanding access to IR in outpatient settings and remote areas. The integration of robotics and augmented reality further enhances procedural control and reduces radiation exposure for both patients and physicians. As imaging technologies continue to evolve, interventional radiology is poised for further expansion, offering safer and more effective alternatives to traditional surgical interventions. For instance, In June 2024, GE HealthCare and MediView XR Inc. announced the first installation of the OmnifyXR interventional suite at North Star Vascular and Interventional (NSVI) in Minneapolis, Minnesota. This innovative augmented reality-based interventional radiology suite combines a holographic heads-up display streaming live medical imaging, 3D anatomy model visualization, and advanced imaging technologies while enabling the opportunity for remote collaboration to help advance the delivery of precision care across a variety of interventional procedures
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Competitive Landscape Analysis
The global interventional radiology market is marked by the presence of established and emerging market players such as GE Healthcare; Koninklijke Philips; Siemens Healthineers; Fujifilm Holdings Corp.; Boston Scientific Corporation; Medtronic; Terumo Corporation; Shimadzu Corp.; Canon Medical Systems Corporation; Carestream Health; Abbott Laboratories; Teleflex Incorporated; Hologic Inc.; Cook Medical; Esaote SpA; Hitachi Medical Corporation; and United Imaging Healthcare; among others. Some of the key strategies adopted by market players include new product development, strategic partnerships and collaborations, and investments.
Report Scope
| Report Metric | Details |
| Base Year Considered | 2024 |
| Historical Data | 2023 - 2024 |
| Forecast Period | 2025 - 2030 |
| Growth Rate | ~6% |
| Market Drivers |
|
| Attractive Opportunities |
|
| Segment Scope | Product, Procedure, Application, and End User |
| Regional Scope |
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| Key Companies Mapped | GE Healthcare; Koninklijke Philips; Siemens Healthineers; Fujifilm Holdings Corp.; Stryker; Boston Scientific Corporation; Medtronic; Terumo Corporation; Shimadzu Corp.; Canon Medical Systems Corporation; Carestream Health; Abbott Laboratories; Teleflex Incorporated; Hologic Inc.; Cook Medical; Esaote SpA; Hitachi Medical Corporation; and United Imaging Healthcare |
| Report Highlights | Market Size & Forecast, Growth Drivers & Restraints, Trends, Competitive Analysis |
Global Interventional Radiology Market Segmentation
This report by Medi-Tech Insights provides the size of the global interventional radiology market at the regional- and country-level from 2023 to 2030. The report further segments the market based on product, procedure, application, and end user.
Market Size & Forecast (2023-2030), By Product, USD Million
- MRI Systems
- Ultrasound Imaging Systems
- CT Scanners
- Angiography Systems
- Fluoroscopy Systems
- Biopsy Devices
- Others
Market Size & Forecast (2023-2030), By Procedure, USD Million
- Angioplasty
- Angiography
- Biopsy and Drainage
- Embolization
- Thrombolysis
- Vertebroplasty
- Nephrostomy
- Others
Market Size & Forecast (2023-2030), By Application, USD Million
- Cardiology
- Oncology
- Gynaecology
- Obstetrics
- Urology
- Gastroenterology
- Other Applications
Market Size & Forecast (2023-2030), By End User, USD Million
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Market Size & Forecast (2023-2030), By Region, USD Million
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
Key Strategic Questions Addressed
- What is the market size & forecast of the interventional radiology market?
- What are the historical, present, and forecasted market shares and growth rates of various segments and sub-segments of the interventional radiology market?
- What are the key trends defining the market?
- What are the major factors impacting the market?
- What are the opportunities prevailing in the market?
- Which region has the highest share in the global market? Which region is expected to witness the highest growth rate in the next 5 years?
- Who are the major players operating in the market?
- What are the key strategies adopted by players?
- Introduction
- Introduction
- Market Scope
- Market Definition
- Segments Covered
- Regional Segmentation
- Research Timeframe
- Currency Considered
- Study Limitations
- Stakeholders
- List of Abbreviations
- Key Conferences and Events (2025-2026)
- Research Methodology
- Secondary Research
- Primary Research
- Market Estimation
- Bottom-Up Approach
- Top-Down Approach
- Market Forecasting
- Executive Summary
- Interventional Radiology Market Snapshot (2025-2030)
- Segment Overview
- Regional Snapshot
- Competitive Insights
- Market Overview
- Market Dynamics
- Drivers
- Rising prevalence of chronic diseases
- Technological advancement in imaging modalities
- Shift towards minimally invasive procedures
- Rising awareness about the benefits of IR
- Growing application of interventional radiology in new treatment areas
- Restraints
- High cost of equipment and procedures
- Lack of skilled professionals
- Strict regulatory approvals and reimbursement challenges
- Risk of radiation exposure & complication
- Opportunities
- Growing demand for personalized and precision medicine in IR
- Expansion in emerging markets
- Integration of AI algorithms and machine learning into imaging technology
- Key Market Trends
- Increasing use of IR for tumor embolization, ablation, and targeted drug delivery
- Growing adoption of AI and robotics in IR
- Unmet Market Needs
- Industry Speaks
- Global Interventional Radiology Market Size & Forecast (2023-2030), By Product, USD Million
- Introduction
- MRI Systems
- Ultrasound Imaging Systems
- CT Scanners
- Angiography Systems
- Fluoroscopy Systems
- Biopsy Devices
- Others
- Global Interventional Radiology Market Size & Forecast (2023-2030), By Procedure, USD Million
- Introduction
- Angioplasty
- Angiography
- Biopsy and Drainage
- Embolization
- Thrombolysis
- Vertebroplasty
- Nephrostomy
- Others
- Global Interventional Radiology Market Size & Forecast (2023-2030), By Application, USD Million
- Introduction
- Cardiology
- Oncology
- Gynaecology
- Obstetrics
- Urology
- Gastroenterology
- Other Applications
- Global Interventional Radiology Market Size & Forecast (2023-2030), By End User, USD Million
- Introduction
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
- Global Interventional Radiology Market Size & Forecast (2023-2030), By Region, USD Million
- Introduction
- North America Interventional Radiology Market Size & Forecast (2023-2030), By Country, USD Million
- US
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Canada
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- US
- Europe Interventional Radiology Market Size & Forecast (2023-2030), By Country, USD Million
- UK
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Germany
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- France
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Italy
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Spain
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Rest of Europe
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- UK
- Asia Pacific (APAC) Interventional Radiology Market Size & Forecast (2023-2030), By Country, USD Million
- China
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Japan
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- India
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Rest of Asia Pacific
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- China
- Latin America (LATAM) Interventional Radiology Market Size & Forecast (2023-2030), USD Million
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Middle East & Africa (MEA) Interventional Radiology Market Size & Forecast (2023-2030), USD Million
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By Procedure (USD Million)
- Market Size & Forecast, By Application (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Competitive Landscape
- Key Players and their Competitive Positioning
- Key Player Comparison
- Segment-wise Player Mapping
- Market Share Analysis (2024)
- Company Categorization Matrix
- Dominants/Leaders
- New Entrants
- Emerging Players
- Innovative Players
- Key Strategies Assessment, By Player (2022-2024)
- New Product Launches
- Partnerships, Agreements, & Collaborations
- Mergers & Acquisitions
- Geographic Expansion
- Key Players and their Competitive Positioning
- Company Profiles*
(Business Overview, Financial Performance**, Products Offered, Recent Developments)
- GE Healthcare
- Koninklijke Philips
- Siemens Healthineers
- Canon Medical Systems Corporation
- Esaote SpA
- Fujifilm Holdings Corporation
- Hitachi Medical Corporation
- Shimadzu Corp.
- Carestream Health
- Hologic Inc.
- .Other Prominent Players
Note: *Indicative list
**For listed companies
The study has been compiled based on extensive primary and secondary research.
Secondary Research (Indicative List)
Primary Research
To validate research findings (market size & forecasts, market segmentation, market dynamics, competitive landscape, key industry trends, etc.), extensive primary interviews were conducted with both supply and demand-side stakeholders.
Supply Side Stakeholders:
- Senior Management Level: CEOs, Presidents, Vice-Presidents, Directors, Chief Technology Officers, Chief Commercial Officers
- Mid-Management Level: Product Managers, Sales Managers, Brand Managers, R&D Managers, Business Development Managers, Consultants
Demand Side Stakeholders:
- Stakeholders from Hospitals, Clinics, Ambulatory Surgical Centers, and Others
Breakdown of Primary Interviews
Market Size Estimation
Both ‘Top-Down & Bottom-Up Approaches’ were used to derive market size estimates and forecasts.
Data Triangulation
Research findings derived through secondary sources & internal analysis were validated with Primary Interviews, the Internal Knowledge Repository, and the Company’s Sales Data.
