Report Code : CVMI2603252601358 | Published Date : March 30, 2025
1 | Market Overview
The global interventional radiology (IR) market is expanding rapidly, driven by the increasing demand for image-guided, minimally invasive procedures that shorten recovery time, reduce hospital stays, and lower surgical risks. Interventional radiology is being utilized more frequently in oncology, cardiology, urology, neurology, and peripheral vascular procedures. Innovations in catheter technology, real-time 3D imaging, and robotic-assisted navigation have transformed interventional radiology from a supportive specialty into a primary treatment modality.
2 | Market Size and Forecast
Year |
Market Value (USD Billion) |
Notes |
2019 |
14.6 |
Historical benchmark |
2024 |
21.4 |
Five-year CAGR 7.9% |
2031 |
36.7 |
Seven-year CAGR 8.1% |
By 2031, the market is expected to reach USD 36.7 billion, driven by technological integration, wider procedural acceptance, and global health system adoption.
3 | Key Market Drivers
- Rising Chronic Disease Burden: Cancer, cardiovascular diseases, and end-stage renal disease require frequent interventional radiology (IR) interventions.
- Preference for Minimally Invasive Procedures: They offer shorter hospital stays and fewer complications compared to open surgery.
- Imaging Technology Advancements: Integrating MRI, CT, and fluoroscopy into real-time interventions.
- Expansion of Outpatient Settings: Interventional radiology procedures are increasingly being performed in ambulatory and office-based labs (OBLs).
4 | Market Challenges
- High Equipment Cost: Substantial capital is required for advanced IR suites and imaging infrastructure.
- Shortage of Specialists: There is a lack of trained interventional radiologists, particularly in developing markets.
- Reimbursement Barriers: Variability in insurance coverage for newer interventional radiology procedures.
5 | Competitive Landscape
The IR market is dominated by major medtech players that offer a full suite of vascular access, embolization, biopsy, drainage, and ablation systems.
Market Share Estimates (2024):
Company |
Estimated Market Share |
Key Strengths |
Medtronic |
22% |
Embolization, drainage, and access solutions |
Boston Scientific |
19% |
Oncology ablation, vascular access, and stents |
Cook Medical |
16% |
Biopsy, GI, and urology-focused IR products |
Siemens Healthineers |
14% |
IR imaging platforms and integrated suites |
Others (Philips, Terumo, Merit Medical, startups) |
29% |
Robotics, specialty access, and image guidance |
6 | Market Segmentation
By Product Type:
- Catheters
- Guidewires
- Embolization Devices
- Angioplasty Balloons & Stents
- Needle Biopsy Systems
- IR Imaging Systems (CT, MRI, Fluoroscopy)
By Procedure Type:
- Oncology (e.g., TACE, RF ablation)
- Vascular (angioplasty, thrombectomy)
- Renal & Urological (nephrostomy, embolization)
- Hepatobiliary (drainage, stenting)
By End User:
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Office-Based Labs (OBLs)
- Diagnostic Imaging Centers
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
7 | Strategic Outlook
Future growth hinges on expanding IR infrastructure in low- and middle-income regions, advancing robotic IR navigation, and enhancing cross-specialty collaboration. Training programs, AI-driven imaging support, and mobile cath lab units will define the next wave of accessibility and precision.
Reasons To Buy

Scope

Key Players
- Siemens Healthineers
- GE Healthcare
- Philips
- Canon Medical
- Hitachi
- Medtronic
- Stryker
- Boston Scientific
- Cook Medical
- Terumo
Interventional Radiology Market Report
- 1. Interventional Radiology Market Research Report
- 1.1 Study Objectives
- 1.2 Interventional Radiology Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2. Interventional Radiology Market Research Report - Preface
- 2.1 Interventional Radiology Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Product Type:
- 2.1.2 By Procedure Type:
- 2.1.3 By End User:
- 2.1.4 By Region
- 2.1 Interventional Radiology Market Research Report – Detailed Scope and Definitions
- 3. Interventional Radiology Market Dynamics
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Product Type:, By Procedure Type:, By End User:, By Country
- 3.3. Opportunities – By Product Type:, By Procedure Type:, By End User:, By Country
- 3.4. Trends – By Product Type:, By Procedure Type:, By End User:, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. Interventional Radiology Market Research Report – DROTs Impact Analysis
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- 4. Interventional Radiology Market Research Report, Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5. Interventional Radiology Market, By Product Type:, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
- 5.1 Catheters
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Guidewires
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.3 Embolization Devices
- 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.4 Angioplasty Balloons & Stents
- 5.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.5 Needle Biopsy Systems
- 5.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.6 IR Imaging Systems (CT, MRI, Fluoroscopy)
- 5.6.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.6.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.6.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.6.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Oncology (e.g., TACE, RF ablation)
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Vascular (angioplasty, thrombectomy)
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.3 Renal & Urological (nephrostomy, embolization)
- 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.4 Hepatobiliary (drainage, stenting)
- 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 Hospitals
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2 Ambulatory Surgical Centers (ASCs)
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.3 Office-Based Labs (OBLs)
- 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.4 Diagnostic Imaging Centers
- 7.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8. Interventional Radiology Market Forecast, By Region, 2019 - 2023 and 2024 - 2031 (Market Value, In USD Mn)
- 8.1 North America
- 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.1 North America
- 9. North America Interventional Radiology Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
- 9.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 9.1.1 Catheters
- 9.1.2 Guidewires
- 9.1.3 Embolization Devices
- 9.1.4 Angioplasty Balloons & Stents
- 9.1.5 Needle Biopsy Systems
- 9.1.6 IR Imaging Systems (CT, MRI, Fluoroscopy)
- 9.2.1 Oncology (e.g., TACE, RF ablation)
- 9.2.2 Vascular (angioplasty, thrombectomy)
- 9.2.3 Renal & Urological (nephrostomy, embolization)
- 9.2.4 Hepatobiliary (drainage, stenting)
- 9.3.1 Hospitals
- 9.3.2 Ambulatory Surgical Centers (ASCs)
- 9.3.3 Office-Based Labs (OBLs)
- 9.3.4 Diagnostic Imaging Centers
- 9.4.1 United States
- 9.4.2 Canada
- 9.5 North America Interventional Radiology Market – Opportunity Analysis Index, By Product Type:, By Procedure Type:, By End User:, and Country, 2024 - 2031
- 9.6 Regional Trends Analysis
- 9.7 North America Interventional Radiology Market Research Report - Company Profiles
- 9.7.1 Company 1 (United States)
- 9.7.2 Company 2 (Canada)
- 9.7.3 Company 3 (Canada)
- 10.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 10.1.1 Catheters
- 10.1.2 Guidewires
- 10.1.3 Embolization Devices
- 10.1.4 Angioplasty Balloons & Stents
- 10.1.5 Needle Biopsy Systems
- 10.1.6 IR Imaging Systems (CT, MRI, Fluoroscopy)
- 10.2.1 Oncology (e.g., TACE, RF ablation)
- 10.2.2 Vascular (angioplasty, thrombectomy)
- 10.2.3 Renal & Urological (nephrostomy, embolization)
- 10.2.4 Hepatobiliary (drainage, stenting)
- 10.3.1 Hospitals
- 10.3.2 Ambulatory Surgical Centers (ASCs)
- 10.3.3 Office-Based Labs (OBLs)
- 10.3.4 Diagnostic Imaging Centers
- 10.4.1 Germany
- 10.4.2 United Kingdom
- 10.4.3 France
- 10.4.4 Spain
- 10.4.5 Italy
- 10.4.6 Russia
- 10.5 Europe Interventional Radiology Market – Opportunity Analysis Index, By Product Type:, By Procedure Type:, By End User:, and Country, 2024 - 2031
- 10.6 Regional Trends Analysis
- 10.7 Europe Interventional Radiology Market Research Report - Company Profiles
- 10.7.1 Company 1 (Germany)
- 10.7.2 Company 2 (United Kingdom)
- 10.7.3 Company 3 (United Kingdom)
- 11.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 11.1.1 Catheters
- 11.1.2 Guidewires
- 11.1.3 Embolization Devices
- 11.1.4 Angioplasty Balloons & Stents
- 11.1.5 Needle Biopsy Systems
- 11.1.6 IR Imaging Systems (CT, MRI, Fluoroscopy)
- 11.2.1 Oncology (e.g., TACE, RF ablation)
- 11.2.2 Vascular (angioplasty, thrombectomy)
- 11.2.3 Renal & Urological (nephrostomy, embolization)
- 11.2.4 Hepatobiliary (drainage, stenting)
- 11.3.1 Hospitals
- 11.3.2 Ambulatory Surgical Centers (ASCs)
- 11.3.3 Office-Based Labs (OBLs)
- 11.3.4 Diagnostic Imaging Centers
- 11.4.1 China
- 11.4.2 Japan
- 11.4.3 India
- 11.4.4 South Korea
- 11.4.5 Australia & New Zealand
- 11.4.6 ASEAN
- 11.5 Asia-Pacific Interventional Radiology Market – Opportunity Analysis Index, By Product Type:, By Procedure Type:, By End User:, and Country, 2024 - 2031
- 11.6 Regional Trends Analysis
- 11.7 Asia-Pacific Interventional Radiology Market Research Report - Company Profiles
- 11.7.1 Company 1 (China)
- 11.7.2 Company 2 (Japan)
- 11.7.3 Company 3 (Japan)
- 12.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 12.1.1 Catheters
- 12.1.2 Guidewires
- 12.1.3 Embolization Devices
- 12.1.4 Angioplasty Balloons & Stents
- 12.1.5 Needle Biopsy Systems
- 12.1.6 IR Imaging Systems (CT, MRI, Fluoroscopy)
- 12.2.1 Oncology (e.g., TACE, RF ablation)
- 12.2.2 Vascular (angioplasty, thrombectomy)
- 12.2.3 Renal & Urological (nephrostomy, embolization)
- 12.2.4 Hepatobiliary (drainage, stenting)
- 12.3.1 Hospitals
- 12.3.2 Ambulatory Surgical Centers (ASCs)
- 12.3.3 Office-Based Labs (OBLs)
- 12.3.4 Diagnostic Imaging Centers
- 12.4.1 Brazil
- 12.4.2 Mexico
- 12.4.3 Argentina
- 12.4.4 Peru
- 12.4.5 Colombia
- 12.4.6 Rest of Latin America
- 12.5 Latin America Interventional Radiology Market – Opportunity Analysis Index, By Product Type:, By Procedure Type:, By End User:, and Country, 2024 - 2031
- 12.6 Regional Trends Analysis
- 12.7 Latin America Interventional Radiology Market Research Report - Company Profiles
- 12.7.1 Company 1 (Brazil)
- 12.7.2 Company 2 (Mexico)
- 12.7.3 Company 3 (Mexico)
- 13.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 13.1.1 Catheters
- 13.1.2 Guidewires
- 13.1.3 Embolization Devices
- 13.1.4 Angioplasty Balloons & Stents
- 13.1.5 Needle Biopsy Systems
- 13.1.6 IR Imaging Systems (CT, MRI, Fluoroscopy)
- 13.2.1 Oncology (e.g., TACE, RF ablation)
- 13.2.2 Vascular (angioplasty, thrombectomy)
- 13.2.3 Renal & Urological (nephrostomy, embolization)
- 13.2.4 Hepatobiliary (drainage, stenting)
- 13.3.1 Hospitals
- 13.3.2 Ambulatory Surgical Centers (ASCs)
- 13.3.3 Office-Based Labs (OBLs)
- 13.3.4 Diagnostic Imaging Centers
- 13.4.1 Saudi Arabia
- 13.4.2 UAE
- 13.4.3 South Africa
- 13.4.4 Egypt
- 13.4.5 Israel
- 13.4.6 Rest of Middle East and Africa
- 13.5 Middle East and Africa Interventional Radiology Market – Opportunity Analysis Index, By Product Type:, By Procedure Type:, By End User:, and Country, 2024 - 2031
- 13.6 Regional Trends Analysis
- 13.7 Middle East and Africa Interventional Radiology Market Research Report - Company Profiles
- 13.7.1 Company 1 (Saudi Arabia)
- 13.7.2 Company 2 (UAE)
- 13.7.3 Company 3 (UAE)
- 14.1 Strategic Dashboard of Top Market Players
- 14.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)
- 14.2.1 Shimadzu Corporation
- 14.2.2 GE Healthcare
- 14.2.3 Koninklijke Philips NV
- 14.2.4 Siemens Healthineers
- 14.2.5 Fujifilm Holdings Corporation
- 14.2.6 Canon Medical Systems Corporation
- 14.2.7 Carestream Health
- 14.2.8 Esaote SPA
- 14.2.9 Hologic Inc.
- 14.2.10 Samsung Medison (Samsung Electronics Co.)
- 14.2.11 Medtronic PLC
- 14.2.12 Cook Medical
- 14.2.13 Boston Scientific Corporation
- 14.2.14 Terumo Corporation
- 14.2.15 Agfa‑Gevaert Group en.wikipedia.org +15 mordorintelligence.com +15 intellectualmarketinsights.com +15 .
- 9.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 15. Data Collection Method and Research Approach
- 16. Principal Presumptions and Acronyms