The increase in the prevalence of chronic diseases, growing demand for minimally invasive therapeutics, a surge in awareness regarding cancer and acceptance of interventional oncology procedures for detecting and treating cancer and rise in investments in research and development by biopharmaceutical industry players drive the growth of the global interventional oncology market. Based on product, the particle embolization segment contributed to the highest share in 2021 and would dominate through the forecast period.
Allied Market Research has just completed and published a study report with the title Interventional Oncology Market Size was Valued at USD 1.98 billion in 2021 and is Projected to Garner USD 4.12 billion by 2031 registering a CAGR of 7.6% from 2022 to 2031.
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Covid-19 scenario-
- The Covid-19 outbreak impacted the global interventional oncology market negatively. Lockdowns imposed by the government led manufacturers of interventional oncology devices to face many challenges such as disruption of supply chain for the raw materials and the closure of various production facilities.
- In addition, the pandemic led to unavailability of skilled lab professionals to run diagnostic tests, inadequate distribution of funds for research in academic and research institutes, limited operations in most 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.
- Many number of medical colleges and hospitals around the world were restructured to increase accommodation of more patients diagnosed with COVID-19. This is another reason for which the market suffered losses.
- However, innovative initiatives by key players to develop a new category of interventional oncology robotics to perform surgery of tumors boost the market growth post-pandemic.
Top Interventional Oncology Market Companies:
- Alpinion Medical Systems Co. Ltd.
- AngioDynamics
- Boston Scientific Corporation
- Hologic, Inc.
- Medtronic Plc.
- Merit Medical
- Profound Medical
- Siemens Healthineers
- Teleflex Incorporated
- Terumo Corporation
These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Interventional Oncology Market Segmentation: –
The report offers detailed segmentation of the global interventional oncology market based on product and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
By Product
- Ablation
- Particle Embolization
- Support Devices
Based on region, the market across North America contributed to nearly half of the total market revenue in 2021 and is expected to lead the trail by 2031. The Asia-Pacific market, on the other hand, would grow at the fastest CAGR of 9.8% from 2022 to 2031. The other two provinces discussed in the report include Europe and LAMEA.
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This comprehensive report will provide:
- Enhance your strategic decision making
- Assist with your research, presentations and business plans
- Show which emerging market opportunities to focus on
- Increase your industry knowledge
- Keep you up-to-date with crucial market developments
- Allow you to develop informed growth strategies
- Build your technical insight
- Illustrate trends to exploit
- Strengthen your analysis of competitors
- Provide risk analysis, helping you avoid the pitfalls other companies could make
- Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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