Interventional Oncology Market is expected to reach USD 4.4 billion by 2031 | Terumo (Japan), Merit Medical (US), AngioDynamics (US), J&J (US), Teleflex (US), Cook Medical (US), HealthTronics

The global interventional oncology market was valued at USD 1.9 billion in 2031 and it is anticipated to grow further to USD 4.4 billion by 2031, at a CAGR of 8.8% during the forecast period.

Global Interventional Oncology Market report from Global Insight Services is the single authoritative source of intelligence on Interventional Oncology Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Interventional oncology procedures include cancer detection and therapy using minimally invasive techniques carried out with the use of images. For guidance, the procedure makes use of tools like x-ray, ultrasound, computed tomography, or magnetic resonance imaging. With the aid of image guidance during interventional oncology operations, cancer is targeted and eliminated. Such procedures are performed either under CT/USG guidance or in a state-of-the-art oncology Cath Lab. Ablation electrode, guidewires, biopsy needles, and intravascular catheters are used during the operations in order to treat tumors that are located in difficult-to-reach areas of the body.

Market Trends and Drivers

Due to the benefits these procedures offer over conventional treatment methods, the demand for minimally invasive procedures has significantly increased in recent years. Fewer postoperative complications, a shorter hospital stay, less pain, smaller and more cosmetic incisions, a lower risk of infection, less post-operative care, and a speedier recovery time are the main benefits of minimally invasive procedures. Modern technology is used in minimally invasive procedures to identify and treat diseases like cancer. These techniques are utilized as an efficient way to remove cancerous lymph nodes and tumors without leaving scars. The collection of tissues for biopsies and precise staging tests are both made possible by minimally invasive surgical methods. In turn, this aids surgeons in developing a precise and appropriate cancer treatment strategy. Significant cost savings are also achieved through the use of minimally invasive procedures. The major competitors in the interventional oncology market are concentrating more and more on introducing cutting-edge products. The development of affordable, cutting-edge technology, and user-friendly interventional oncology systems is the main focus of innovation in this market. Such developments concentrate on enhancing the capability of interventional oncology systems and broadening their application domains, which raises end customers’ demand for these systems.

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Global Interventional Oncology Market Segmentation

By Product

  • Embolization Devices
  • Ablation Devices
  • Support Devices

By Procedure

  • Thermal Tumor Ablation
  • Non-Thermal Tumor Ablation
  • Transcatheter Arterial Chemoembolization
  • Transcatheter Arterial Radioembolization
  • Transcatheter Arterial Embolization
Major Players in the Global Interventional Oncology Market

The key players studied in the report are Medtronic (Ireland), Boston Scientific (US), BD (US), Terumo (Japan), Merit Medical (US), AngioDynamics (US), J&J (US), Teleflex (US), Cook Medical (US), HealthTronics (US), MedWaves (US), Sanarus (US), IMBiotechnologies (Canada), Trod Medical (US), and IceCure Medical (Israel) among others.

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