Interventional Oncology Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Report Code: ZMR-4093 | Report Format : | Status : Upcoming |

Abstract

Global Interventional Oncology Market: Overview

Interventional oncology can treat primary or metastatic cancer ailments including liver cancer, bone cancer, kidney cancer, breast cancer, lung cancer, prostate cancer, and pancreatic cancer. Most of these procedures are conducted either in an outpatient setting or needs an overnight stay in the hospital. Due to its minimally invasive nature, the recovery time required is minimal. Few of the renowned interventional oncology procedures include pain palliation, ablative therapies, intra-arterial therapies, and neoadjuvant procedures.

Global Interventional Oncology Market: Growth Factors

Interventional oncology market development is mainly influenced by the growing trend for minimally invasive procedures, rise in the patient population base, increasing public-private funding and government aid for cancer research programs, and technological breakthroughs in the field of interventional oncology.

Escalating consciousness pertaining to the advantages offered by minimally invasive surgical operations as compared to other traditional open surgeries are encouraging surgeons to opt for minimally invasive surgeries, thereby leading to massive interventional oncology market expansion. Furthermore, increasing incorporation of image-guided solutions in interventional oncology procedures, owing to the benefits offered by these solutions in the diagnosis and treatment of cancer-related issues, is also expected to succor the growth prospects of this market in the near future. However, the lack of skilled radiologists & oncologists, high charges of interventional oncology methods, and unfavorable legislations are predicted to restrict market growth.

Global Interventional Oncology Market: Segmentation

The global interventional oncology market can be classified into product, procedures, and application. Based on the product, the market can be classified into Radiofrequency, microwave, cryoablation, embolization, and guidewires. On the basis of procedures, the interventional oncology market can be sectored into tumor ablation, radiotherapy, proton therapy, thermal ablation, and non-thermal ablation. On the basis of application, the market is classified into lung cancer, breast cancer, liver cancer, kidney cancer, and bone metastasis cancer.

Global Interventional Oncology Market: Regional Analysis

Based on the region, the global interventional oncology market can be divided into five main regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The Asia Pacific market is foreseen to expand at the maximum CAGR over the review timeframe. Developing nations in the region such as; India, China, and South Korea, along with developed markets such as Japan and Australia, is offering high growth opportunities for industry participants in the interventional oncology domain. The growth can be credited due to large-scale acceptance of interventional oncology methods, high frequency of cancer cases, and the exploding geriatric population base.

Rising cases of cancer, increasing application of minimally invasive procedures, technical development, and effective medical compensation guidelines along with increasing support from the government and other organizations for research and developmental activities is also expected to drive the growth of interventional oncology market in the North American region.

A large number of cancer cases witnessed worldwide coupled with exploding geriatric population base in the European region is a vital aspect leveraging the interventional oncology product trend in this region. Key industry participants are emphasizing on improving the quality of patient care across Europe by commercializing advanced products, investing in technological innovations, and partnering with other institutions and organizations for spreading cancer awareness. This is another major factor driving market growth in Europe.

Global Interventional Oncology Market: Competitive Players

Some of the key players in the interventional oncology market are Terumo Corporation, Baylis Medical, Boston Scientific, Accuray, Medtronic, AtriCure, BTG, AngioDynamics, Alpinion Medical Systems, and Merit Medical.

Global Interventional Oncology Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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