0
New
New
2022
Interventional Oncology Market

Interventional Oncology Market

by Product [Ablation Radiofrequency Ablation Devices, Microwave Ablation Devices, Cryoablation Devices, and Others), Particle Embolization (Radioembolic agents, Drug-Eluting Beads, and Others), Support Devices]: Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A03361
Pages: 176
Jul 2022 | 8359 Views
Author(s) : Prachi Rakshe, Ajinkya Alhat , Onkar Sumant
Tables: 73
Charts: 43
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

Interventional Oncology Market Overview 2021-2031

The global interventional oncology market size was valued at $1,984.00 Million in 2021 and is projected to reach $4,127.21 Million by 2031, registering a CAGR of 7.6% from 2022 to 2031.

The overall impact of COVID-19 remains negative on the interventional oncology market due to the challenges faced by the manufacturers of interventional oncology devices like disruption of supply chain for the raw materials and the closure of various production facilities due to lock down. Moreover, huge number of medical college and hospitals across the globe were restructured to increase the hospital capacity for patients diagnosed with COVID-19. The COVID-19 epidemic also had a negative impact on interventional oncology training. The significant reduction in training opportunities due to postponed of nonessential surgery.

Interventional oncology procedures comprise diagnosis and treatment of cancer with the help of minimally invasive procedures that are conducted under image guidance. The process utilizes equipment such as x-ray, ultrasound, computed tomography, or magnetic resonance imaging for guidance purposes. The interventional oncology procedures, the cancer is targeted and destroyed using image guidance for planning and execution. Such procedures are carried out in a state of the art oncology Cath Lab or under CT/USG guidance. The procedures are carried out using guide accessories and instruments, including ablation electrodes, guidewires, biopsy needles, and intravascular catheters that enable the treatment of a tumor situated in remote parts of the body. 

	Interventional-Oncology-Market

The rapidly growing field of interventional oncology has become a pillar of cancer care, along with medical, surgical and radiation oncology. The interventional oncology program uses targeted, minimally invasive procedures performed with the help of image guidance to diagnose, treat and/or relieve the symptoms of cancer.
Cancer patients are referred to interventional oncologists to integrate minimally invasive treatments, with the goal of reducing the need for invasive surgeries. Interventional oncologists may also perform diagnostic procedures, such as colonoscopies or endoscopies.

Interventional oncology is used to treat primary or metastatic cancer such as liver cancer, kidney cancer, lung cancer, bone cancer, prostate cancer, breast 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. Some of the popular procedures are pain palliation, intra-arterial therapies, ablative therapies, and neoadjuvant procedures.

Interventional Oncology Market
By Product

Your browser does not support the canvas element.

Particle Embolization segment held a dominant position in 2021.

Get more information on this report : Request Sample Pages

The growing demand for minimally invasive therapeutics is the major driving factor for the interventional oncology market growth. These procedures could also be used to treat patients with other related comorbidities and in inoperable patients. The ability of minimally invasive techniques to treat cancerous cells better than alternative cancer treatments such as radiation therapy, surgeries, and systematic chemotherapy has helped the technique gain popularity. Along with this, increase in the prevalence of chronic disease such as cancer, across the world is the key factor that is propelling the demand for cancer treatments. For instance, according to Globocan, 18,094,716 million cases of cancer were diagnosed in 2020 globally. 

According to a report by IARC, the global new cancer cases is predicted to increase over 47% in the next 20 years are the major factor that will play a crucial role in spurring the demand for the interventional oncology across the globe. Furthermore, there has also been a surge in the awareness regarding cancer and acceptance of interventional oncology procedures for detecting and treating cancer. The rising investments by the biopharmaceutical industry players in the research are also propelling the growth of the market

Interventional Oncology Market
By Ablation

Your browser does not support the canvas element.

Radiofrequency Ablation Devices segment held a dominant position in 2021.

Get more information on this report : Request Sample Pages

Healthcare professionals and patients are gradually opting for minimally invasive procedures in the field of interventional oncology due to advantages of using these techniques such as shorter hospital stay, minimal risk of infection, minimal risk of complications, cause less pain, and faster recovery time in comparison to conventional surgeries. These advantages of using minimally invasive procedures will impel the growth of the global interventional oncology market. 

Global interventional oncology market has been affected negatively in the growth throughout the pandemic period. This is due to the challenges faced by the manufacturers of interventional oncology devices like disruption of supply chain for the raw materials and the closure of various production facilities due to lockdown. Moreover, scarcity of skilled lab professionals to run diagnostic tests, inadequate distribution of funds for the research purpose in academic and research institutes, limited operations in most of the industries due to temporary lockdown of manufactures and academic institutes, are leading to a scarcity in the supply of the interventional oncology products to end users.

Interventional Oncology Market
By Particle Embolization

Your browser does not support the canvas element.

Others segment held a dominant position in 2021.

Get more information on this report : Request Sample Pages

Interventional Oncology Market Segmentation

The interventional oncology market in this report is studied on the basis of product and region. On the basis of product, the market is divided into ablation, particle embolization, and support devices. Ablation is further divided into radiofrequency ablation devices, microwave ablation devices, cryoablation devices, and others. Particle embolization is further categorized into radioembolic agents, drug-eluting beads, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Segment review

By product, the particle embolization segment currently dominates the global interventional oncology market and is expected to continue during the forecast period, owing to growing demand of embolization particles for interventional oncology and interventional cardiovascular procedure, and favorable reimbursement scenario.

Interventional Oncology Market
By Region

2031
North America 
Europe
Asia-pacific
Lamea

Asia- Pacific region would exhibit the fastest CAGR of 9.8% during the forecast period.

Get more information on this report : Request Sample Pages

Region segment review

Region wise, North America dominated the market in 2021, owing to increasing expenditure on various cancer-related treatments and rise in the number of various state-of-the-art cancer care centers. However, Asia-Pacific is expected to witness considerable market growth during the forecast period due to its efforts taken up by the government to increase the funding for oncological treatments, commercialization of advanced interventional procedures and products along with the supportive regulations for development of these products, rising healthcare expenditure, and expansion of the research bases in countries like China, Japan, and India are fueling the growth of the interventional oncology market in this region.

The major companies profiled in this report include Alpinion Medical Systems Co. Ltd., Teleflex Incorporated, Siemens Healthineers, Hologic, Inc., Boston Scientific, Medtronic, Profound Medical, Terumo Corporation, AngioDynamics, and Merit Medical.

Key Benefits for Stakeholders

  • The study provides an in-depth analysis of the global Interventional Oncology market along with the current trends and future estimations to explain the imminent investment pockets.
  • A comprehensive analysis of the factors that drive and restrict the Interventional Oncology market growth is provided in the report.
  • Comprehensive quantitative analysis of the industry from 2021 to 2031 is provided to enable the stakeholders to capitalize on the prevailing Interventional Oncology market opportunities.
  • Extensive analysis of the key segments of the industry helps to understand the application and products of Interventional Oncology used across the globe.
  • Key market players and their strategies have been analyzed to understand the competitive outlook of the interventional oncology devices market.
     

Interventional Oncology Market Report Highlights

Aspects Details
By Product
  • Ablation
    • Radiofrequency Ablation Devices
    • Microwave Ablation Devices
    • Cryoablation Devices
    • Others
  • Particle Embolization
    • Radioembolic agents
    • Drug-Eluting Beads
    • Others
  • Support Devices
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Taiwan, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Turkey, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Alpinion Medical Systems Co. Ltd., AngioDynamics, Boston Scientific Corporation, Hologic, Inc., Medtronic Plc., Merit Medical, Profound Medical, Siemens Healthineers, Teleflex Incorporated, Terumo Corporation
 

Loading Table Of Content...


 
 

This section provides the opinions of top level CXOs in the interventional oncology market. According to them, interventional oncology is used in interventional oncology (IO) procedures majorly for the treatment of primary or metastatic cancer. Along with this, interventional oncology treatments are also used along with other oncological therapies available in the market which is leading to better result of the therapeutic outcome during treatments of complex or widespread (metastatic) cancer cases. Other applications of interventional oncological treatments for tumors are for lung cancer, liver cancer, bone cancer, kidney cancer, prostate cancer, pancreatic cancer, and breast cancer.

As per the analysts, interventional oncology is expected to evolve and innovate at a very fast pace. Key players in the interventional oncology market are making huge investments in the fields of surgical oncology, medical oncology, and radiation oncology. North America is expected to remain dominant during the forecast period, due to local presence of large biopharmaceutical manufacturing facilities. Asia-Pacific registered highest CAGR and is expected to continue this trend throughout the forecast period, owing to rise in expenditure on healthcare & improvement in the medical and healthcare infrastructure.
 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. Interventional oncology procedures comprise diagnosis and treatment of cancer with the help of minimally invasive procedures that are conducted under image guidance.

A. The total market value of Global Interventional Oncology Market is $1,984.00 million in 2021.

A. The forecast period for Global Interventional Oncology Market is 2022 to 2031.

A. The market value of Global Interventional Oncology Market in 2031 is $4,127.21 million.

A. Boston Scientific Corporation, Medtronic Inc., Merit Medical Systems, Inc., Terumo Corporation, and Siemens Healthineers AG held a high market position owing to the strong geographical foothold in different regions.

A. Particle Embolization segment dominates the global market, owing to growing demand of embolization particles for interventional oncology and interventional cardiovascular procedure, and favorable reimbursement scenario.

A. The major factor for the growth of global Interventional Oncology market are high prevalence and growing incidences of cancer. There has also been recent technological advancements, increasing funding from private and government organizations, and growing adaptions of interventional oncology methods for the diagnosis and the treatment of cancer with superior imaging technologies and minimally invasive procedures.

A. Owing to constantly improving economic conditions and rising healthcare expenditure in several emerging economies.

A. The base year is 2021 in Global Interventional Oncology Market.

A. Interventional oncology focuses on the diagnosis, treatment and the relief of cancer and other cancer-related issues using minimally invasive procedures performed under image guidance.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Interventional Oncology Market

Start reading instantly.
This Report and over 18,877+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers