Interventional Radiology Market Size, Share, Growth, and Industry Analysis, By Type (MRI Systems, Ultrasound Imaging Systems, CT Scanners, Angiography Systems, Fluoroscopy Systems, and Biopsy Devices), By Application (Angiography, Balloon Angioplasty, Embolization, Biopsy, Vertebroplasty-Kyphoplasty, and RF Ablation), and Regional Insights and Forecast to 2034

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INTERVENTIONAL RADIOLOGY MARKET OVERVIEW

The global Interventional Radiology market size was USD 22.26 billion in 2025 and is projected to touch USD 65.18 billion by 2034, exhibiting a CAGR of 12.67% during the forecast period 2025–2034.

The Interventional Radiology (IR) market is on a boom owing to the increasing trend towards introducing minimally invasive procedures that result in a lesser duration of recovery and hospital visits. Interventional radiology refers to the practice of using imaging methods, e.g., X-ray, CT scan, and ultrasound, to direct small devices or catheters towards diagnosis and medicine to provide high-quality and specific medical care. The market is being adopted by the increasing incidences of chronic diseases, the development of imaging technologies, and the increasing awareness of patients across the globe. The scope of procedures observed in the market is broad, as it is used to treat vascular conditions, cancer, and even to conduct biopsies, which mirrors a growing clinical usage of the procedure. Due to the ongoing development and incorporation of AI and robotics, the IR market has the potential to keep growing in the healthcare sphere.

COVID-19 IMPACT

Interventional Radiology Industry Had a Negative Effect Due to disruptions during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic caused a strong decline in the number of procedures performed worldwide and had a negative impression on the market of interventional radiology. IR procedures were significantly postponed or canceled due to hospital crowding and, in an attempt, to limit exposure to the virus, mainly those elective and non-urgent procedures, which in turn impacted the market revenues. Most hospitals and clinics allocated priority to the treatment of COVID-19 conditions at the expense of interventional imaging services. There was also the delay of the supply of critical imaging equipment and medical devices because of supply chain disruptions, which further impeded the operation of the market. Altogether, the pandemic has caused great financial and operational difficulties, and the interventional radiology market was negatively affected by a significant drop in sales in the short-term perspective.

LATEST TRENDS

Technological advances and rising demand drive market growth

The interventional radiology market is developing quickly thanks to advances in technology and the growth of demand for less invasive procedures. One such trend is artificial intelligence (AI) and robotics, which is making the process increasingly precise, shorter, and better in terms of patient outcomes. Also, the number of IR revenues is increasing with respect to the use of image-guided therapy for oncology and vascular diseases, and this broadens the field of IR use. Hospitals are also investing more in the sophisticated imaging. On the whole, these technological advances will create a more productive, secure, and patient-friendly environment related to interventional radiology.

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INTERVENTIONAL RADIOLOGY MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into MRI Systems, Ultrasound Imaging Systems, CT Scanners, Angiography Systems, Fluoroscopy Systems, and Biopsy Devices

• MRI Systems: In interventional radiology, MRI systems offer high image resolution as well as real-time images; thus, the possibility of guidance with a high degree of accuracy during the minimally invasive procedures. They find exceptional application in the visualization of soft tissues where there is enhancement in the accurateness of tumor ablation and biopsies. Increased usage of the non-radiation-based imaging stimulates their usage within hospitals and diagnostic centers. The repetitive development of ever more powerful technology, such as faster scanning and improved software, is increasing the realms in which IR is utilized in the clinic.

• Ultrasound Imaging Systems: Ultrasound imaging systems are very common in interventional radiology because they are real-time imaging equipment, portable (interpretation can be performed in locations other than the primary interior), and radiation-free. They are usually used in guided drainage, vascular access, and biopsies. Patient-friendlier and cost-effective imaging solutions show growth in favor due to increased demand, which fosters the growth of imaging solutions in the market. New technologies, including 3D/4D imaging and elastography, are also increasing the accuracy of the procedure.

• CT Scanners: CT scanners provide cross-section or high-resolution imaging and are therefore necessary during the guidance of complex interventions. They find much application in tumor ablation, biopsy, and interventional vascular procedures. Minimally invasive therapies are adopted by the need to have fast and precise imaging. The developments in low-dose CT and accelerated scanning technology are making patients and the process for adults safer and more efficient.

• Angiography Systems: Angiography systems play an instrumental role and are exceptionally useful in interventional radiology when visualizing blood vessels and offering directional guidance in interventional practices such as stent placements and embolizations. They assist in increasing the accuracy of procedures conducted and patient outcome with their real-time imaging capabilities. Cardiovascular diseases are increasing, thus making steady demands of such systems. Imaging is improving with technological advancements in imaging such as digital subtraction angiography and flat panel detectors.

• Fluoroscopy Systems: The fluoroscopy system delivers constant real-time imaging with X-rays, which are utilized in guided interventions, including catheter placement and orthopedic procedure processes. They are required in tricky and dynamic processes that yield high-precision procedures. Market growth is supported by increased applications in small-scale surgeries and in interventional cardiology. The modern fluoroscopy equipment exhibits dose-reduction attributes that are enhancing the safety of patients and efficacy of the procedure.

• Biopsy Devices: Biopsy devices play an essential role in the interventional radiology field to acquire the tissue sample with the least invasive procedure. They find extensive application in the field of oncology and liver and kidney surgeries, making sure there is effective diagnosis and treatment design. The growth of the market is provoked by the increasing levels of cancer and tendency to use image-guided biopsies. Innovation through continuous implementation of automated and vacuum devices is promoting a high degree of precision, safety, and efficiency in tissue sampling.

By Application

Based on application, the global market can be categorized into Angiography, Balloon Angioplasty, Embolization, Biopsy, Vertebroplasty-Kyphoplasty, and RF Ablation

• Angiography: Angiography is the most significant interventional radiology procedure used to bring to light the blood vessels to diagnose and manage vascular diseases. It allows conducting minimally invasive treatments that include stent insertions and aneurysm repairs. This increased rate of prevalence of cardiovascular diseases boosts demand for angiography procedures at a consistent rate. High-resolution imaging devices are providing improved accuracy, minimized procedure time, and better patient results.

• Balloon Angioplasty: Balloon angioplasty is a common treatment that is employed to open the blocked arteries or narrowed-down arteries to restore blood circulation using less intrusive surgical methods. It is widely carried out in the coronary, peripheral, and renal arteries. The growth of cases of cardiovascular diseases is driving the use of this procedure. Innovations in the balloon catheters and drug-eluting balloons are resulting in better safety and long-term outcomes.

• Embolization: Embolization is a procedure that includes targeted occlusion of the blood vessels to cure such problems as tumors, aneurysms, and hemorrhages. This simplest surgery limits surgery dangers and aids in speeding recovery. Increasingly emerging incidences of cancer and vascular diseases favor the embolization procedure in the market. Advances continue to be made in embolic agents and delivery systems to increase procedural accuracy and efficiency.

• Biopsy: Techniques used in interventional radiology enable biopsy with high precision that involves the sampling of tissues whose results are diagnostic. They find wide application in oncology and liver and kidney diseases so that pathology can be diagnosed accurately. The increasing need forminimally invasive diagnostic procedures is stimulating market growth. Better needle design and automated technology are increasing accuracy, safety, and patient comfort.

• Vertebroplasty-Kyphoplasty: Vertebroplasty or kyphoplasty is the minimally invasive intervention applied to treat a fracture of the back and vertebral compression fractures. The uses of these applications aid in regaining spine stabilization and decreasing pain among osteoporotic or traumatic patients. Adoption is spurred by the growing numbers of geriatrics and cases of spinal injuries. New formulations of bone cement and new balloon equipment are improving the safety and the results of this procedure.

• RF Ablation: It is performed on aberrant tissue, like tumors, by systemic annihilation of tissue with the help of focused heat guided by imaging. It is widely used in cancer of the liver, kidneys, or lungs and cardiac arrhythmias. The increase in prevalence rate of oncology and cardiac diseases stimulates the need for RF ablation. Probe design and integration of imaging technologies are enhancing the precision of treatment and shortening the recovery period of the patient.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factor

Rising demand for minimally invasive procedures drives market growth

One of the major growth factors of the interventional radiology market is the rising demand for minimally invasive procedures. Such processes save patients the time of recovery, risk of complications, and days of hospitalization as compared to conventional surgeries. Because of this, interventional radiology solutions are being used by patients and medical professionals to treat different ailments, namely the vascular complications and oncology. The trend is enhancing the uptake of the IR technologies and their various clinical applications in the entire world.

Advanced imaging innovations and AI integration fuel market growth

The rising developments of imaging systems like high-resolution MRI, CT, and ultrasound systems are contributing to the expansion of the market in interventional radiology. With the increased accuracy of imaging, patients will have improved outcomes and higher efficacy of processes because diagnoses and interventions will be more accurate. Workflow efficiency is also improved using AI, robotics, and real-time imaging guidance that increase procedure success rates. The innovations are causing healthcare facilities to invest in sophisticated IR equipment, which aids in the market-wide growth.

Restraining Factor

High costs of procedures and equipment hinder market growth

Expensive procedures and interventional radiology equipment are a big restraining variable affecting the Interventional Radiology Market Growth. Improved systems of imaging, robotic manipulation, and special apparatus demand a lot of financial resources in terms of capital involvement by healthcare providers. Also, accessibility by the patients, especially in developing areas or those with minimal coverage of insurance, may be restrained by high prices of the IR procedures. Such a financial barrier hinders the ability of large-scale adoption and the extension of the market, especially in sensitive price markets.

Emerging markets and rising awareness drive market growth

Opportunity

The interventional radiology market is a potentially emerging market as it conceptualizes major development in the potentially developing markets. Demand is being fueled by an increase in awareness of minimally invasive procedures among patients.

There is a fast-developing growth in the adoption of superior imaging systems in these areas. The trend has a tremendous potential, which has not yet been exploited by the players in the market to maximize their presence and volume of procedures.

Lack of skilled professionals restricts market growth worldwide

Challenge

One of the major threats to the interventional radiology market includes lack of trained and skilled labor. Very sophisticated IR procedures involve expert-level knowledge of imaging technology and catheter-based procedures. The shortage of trained radiologists may hamper the procedures and limit the access of patients to these minimally invasive operations.

This skills shortage does not support the market development and influences the implementation of sophisticated IR technologies all around the world.

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INTERVENTIONAL RADIOLOGY MARKET REGIONAL INSIGHTS

• North America

North America drives market growth through innovation and adoption

The interventional radiology market is centered around North America owing to developed healthcare infrastructure, strong growth in the use of minimally invasive procedures, and high investments in R\&D. The wider availability of sophisticated imaging equipment and experienced radiologists to accommodate complex IR procedures lowers the cost of the region. The United States in particular is leading in terms of growth due to growth in the number of procedures and technological breakthroughs. The United States Interventional Radiology Market is currently fueled by growth in the number of procedures and technological progress. Increasing trends of chronic illnesses and cancer also contribute to the market demand in the continent. In general, North America continues to be a central arena of innovation and adoption of interventional radiology.

• Europe

Europe’s advanced healthcare and aging population drive market growth

Europe holds a significant interventional radiology market share due to its advanced healthcare infrastructure and penetration of advanced imaging technology. The need to increase awareness of the minimally invasive process and the aged population growth are fueling the demand for IR treatments. The latest technological advancements, such as AI imaging assistance and robotic control, are fast becoming relevant in European hospitals and practices. Government subsidies and conducive reimbursement policies further enhance the expansion of the interventional radiology market in the region.

• Asia

Rising healthcare investments and awareness fuel Asia’s market growth

The growing healthcare investments and middleware improvement are making Asia emerge as a major business driver of interventional radiology. Awareness about the minimally invasive procedures is growing, in addition to the growing incidence of chronic and lifestyle-related diseases, which are fueling the demand in the market. Advanced imaging systems and IR-related technologies are picking up at a fast pace in countries such as China and India. Moreover, the increase of healthcare availability and favorable state programs is driving healthcare development at large and interventional radiology in particular in the region.

KEY INDUSTRY PLAYERS

Key players’ innovation and collaborations accelerate market growth

Innovation, collaborations, and growth of the key players’ product portfolio are rapidly transforming the interventional radiology market, where they are playing an essential role in supporting the market development. Other initiatives are driving the companies into advanced imaging technology, AI integration, and robot-assisted systems in order to maximize the requirement of procedural precision and efficiency. They are also paying attention to geographic growth and hospital partnerships in order to enhance market penetration. Besides, active contribution to research and clinical trials and other training programs is strong in having influence, which encourages the usage of minimally invasive procedures and gains competitive advantage in the emerging field of interventional radiology.

List Of Top Interventional Radiology Companies

• Toshiba Medical Systems Corporation (Japan)
• Siemens AG (Germany)
• Esaote S.P.A. (Italy)
• Hitachi Medical Corporation (Japan)
• Hologic Inc. (USA)

KEY INDUSTRY DEVELOPMENT

October 2024: Meril Life Sciences, an Indian medical device company, expanded its vascular intervention portfolio by introducing MyClip, a domestically developed device for mitral valve repair through the transcatheter edge-to-edge repair (TEER) procedure. This development underscores India's growing capabilities in interventional radiology and reflects the government's push for self-reliance in medical technology.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.