Dublin, Dec. 22, 2023 (GLOBE NEWSWIRE) — The “Interventional Imaging Market – A Global and Regional Analysis: Focus on Offering, Application, End User, Region, and Competitive Insights and Company Profiles – Analysis and Forecast, 2023-2033” report has been added to ResearchAndMarkets.com’s offering.
The global interventional imaging market is projected to experience substantial growth over the forecast period 2023-2033. Moreover, the market value for 2022 was estimated to be $8.66 billion and is expected to reach $16.93 billion by 2023, showcasing a CAGR of 6.71% during the forecast period. This growth can be attributed to the increasing demand for minimally invasive procedures, along with the increasing adoption of new technologies and the prevalence of chronic diseases. The market includes various procedures, consumables, systems, and software’s designed for diagnosis and treatment of chronic diseases.
The interventional imaging market has proven to be a cornerstone in the evolution of imaging systems. One of the most profound impacts is felt within the realm of medical diagnostics and treatment. The ability to efficiently diagnose has paved the way for the detect diseases at much earlier stages. This early detection often translates to more effective treatments and better prognosis for patients. The interventional imaging technology has transformed the idea of treatment in addition to detection.
In essence, the Global interventional imaging market has not just supported but catalyzed numerous breakthroughs in both diagnosis and treatment. Its influence continues to grow as the methods become more refined and accessible, promising even more revolutionary findings in the future.
Interventional Imaging Systems to Dominate the Global Interventional Imaging Market (by Offering)
Based on offering, the interventional imaging systems segment dominated the global interventional imaging market in FY2022. The interventional imaging systems constitute the prevalent offering type owing to their widespread use in almost all applications related to the global interventional imaging market. Due to the increasing utilization of interventional imaging for minimally invasive procedures and diagnosis the market is anticipated that this segment will continue to witness significant growth in the coming years.
Cardiology to Dominate the Global Interventional Imaging Market (by Application)
Based on application, the global interventional imaging market was dominated by the cardiology segment in FY2022. The growth of this segment can be attributed to several factors, including the elevated prevalence of cardiac diseases, the heightened utilization of radiology procedures for diagnosing cardiac conditions, and the expanding elderly population. Cardiac MRI, which does not employ ionizing radiation, is increasingly used for detecting and monitoring cardiac diseases. It facilitates the assessment of both cardiac anatomy and functionality in individuals with heart ailments.
Hospitals Segment to Dominate the Global Interventional Imaging Market Based on End User
Based on end user, the hospitals segment accounted for the largest share of the global interventional imaging market in FY2022. Interventional imaging is a rapidly growing field of medicine that uses image-guided procedures to diagnose and treat a wide range of conditions. Interventional imaging is performed in hospitals in dedicated imaging suites called catheterization labs (Cath labs).
Demand – Drivers, Restraints, and Opportunities
Market Demand Drivers:
Increasing Demand for Minimally Invasive Surgical Procedures: Interventional imaging allows rapid image capture and top-notch image clarity, elevating the overall patient experience. These breakthroughs, used across various medical fields, enhance efficiency, and diagnostic precision, and can expedite the diagnosis process. Moreover, improvements in imaging have played a crucial role in the growth of minimally invasive surgical procedures, minimizing the necessity for invasive surgeries, thereby lowering risks and speeding up patient recovery times.
Shortages of Skilled Professionals: Lack of training is one of the key barriers to the growth of the conventional technologies market. The challenge can be distinctly divided into two types – lack of formal training opportunities and sufficient operating time. In almost all cases, despite receiving advanced minimally invasive surgical training, the surgeon is highly unlikely to perform the procedure immediately afterward. The adoption of minimally invasive surgical procedures involves a steep learning curve.
Integration of AI in Interventional Imaging: The integration of artificial intelligence (AI) in interventional imaging has opened up a multitude of prospects within the global interventional imaging market. Numerous key players are actively developing imaging software leveraging AI, which is poised to elevate the market further. Interventional imaging platforms that are enabled with AI offer high accuracy in assisting surgical procedures, enhanced decision-making, and workflow automation in reducing the variations that could affect the health of the patients.
Key Market Players and Competition Synopsis
Medical procedure that utilizes image-guided, minimally invasive techniques for both diagnosing and treating a wide range of diseases. Interventional imaging depends on tools such as angiography, mobile C-arm systems, and fluoroscopy imaging to carry out procedures like thrombolysis, embolization, and biopsies, as well as various vascular and other minimally invasive interventions. These approaches have the potential to significantly decrease recovery periods, lower risks, and reduce overall medical expenses.
The interventional imaging market refers to the interventional imaging systems, interventional imaging software, and consumables to guide minimally invasive interventions and are involved in the diagnosis and treatment of chronic diseases.
Some of the prominent companies in this market are:
- Becton, Dickinson
- FUJIFILM Holdings
- GE HealthCare
- Intuitive Surgical
- Koninklijke Philips
- Medtronic plc
- Siemens Healthineers
- Trivitron Healthcare
|No. of Pages
|2023 – 2033
|Estimated Market Value (USD) in 2023
|Forecasted Market Value (USD) by 2033
|Compound Annual Growth Rate
Key Topics Covered:
2 Global Interventional Imaging Market: Overview
2.1 Market Introduction
2.2 Market Footprint and Growth Potential, $Billion, 2022-2033
2.3 Current and Future State of Interventional Imaging in Industry
3 Industry Outlook
3.1 Key Trends
3.2 Patent Analysis
3.3 COVID-19 Impact on Global Interventional Imaging Market
3.4 Regulatory Requirements
3.5 Product Benchmarking
4 Global Interventional Imaging Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.2.1 Increasing Demand for Minimally Invasive Surgical Procedures
4.2.2 Technological Advancements in Surgical Procedures and Imaging Technologies
126.96.36.199 Rising Adoption of 4K Imaging Technologies
188.8.131.52 3D and 4D Imaging
4.2.3 Upsurge in Incidence of Chronic Diseases Leading to Growth in the Adoption of Interventional Imaging
184.108.40.206 Cardiovascular Diseases
4.2.4 Increasing Adoption of Inorganic Growth Strategies in the Market
4.3 Market Restraints
4.3.1 Shortages of Skilled Professionals
4.3.2 Restrictive Reimbursement Landscape
4.3.3 High Cost of Interventional Imaging Systems
4.4 Market Opportunities
4.4.1 Integration of AI in Interventional Imaging
4.4.2 Collaboration with Hospitals, Clinics, and Other Healthcare Facilities for Development of Interventional Imaging Solutions
5 Competitive Landscape
5.2 Key Strategies and Developments
5.3 Market Share Analysis (by Company), 2022
6 Global Interventional Imaging Market: by Offering
7 Global Interventional Imaging Market: by Application
8 Global Interventional Imaging Market: by End Users
9 Global Interventional Imaging Market (by Region), ($Billion), 2022-2033
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/1zuxyw
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- Global Interventional Imaging Market