Interventional Oncology Market: Global Industry Analysis and Opportunity Assessment by 2025

Interventional Oncology Market
Interventional Oncology Market

[5-Nov-2019] Technological innovations and advancements in image guided therapies are transforming the face of clinical practice over the past few years tremendously. This has brought interventional oncology from the phase of skepticism to fully accepted and preferred treatment technique, thereby fueling the growth of the global interventional oncology market. The increasing demand for non-invasive treatment procedures, growing awareness of the benefits of the minimally invasive procedures, and faster recovery times associated with such procedures are the major aspects garnering attention and preferences for interventional oncology in tumor treatment.
Meticulous Research [(R)] in its latest publication on Interventional Oncology Market states that this market will increase at a CAGR of 7.7% from 2019 to 2025 to reach $1,506.3 million by 2025.
To provide efficient analysis, Meticulous Research [(R)] has segmented this market on the basis of Procedure {Embolization (TARE, TACE, Bland Embolization), Ablation [Thermal Ablation (Microwave, RF Ablation, Cryoablation, others) Non-thermal Ablation]}, by Product {Embolization [Radioemblic Agents (SIR-Spheres, TheraSpheres, QuiremSpheres), Non-radioactive embolic agents (Microspheres, Drug-eluting beads, Particles)] Ablation (Generators, Consumables & Accessories)}, Application (liver, lung, breast), End user (Hospitals, ambulatory care center), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to the presence of well-established healthcare facilities, such as hospitals and ambulatory surgery centers in the region, greater adoption of advanced technologies, high level of awareness and spending towards healthcare services, and greater penetration of health insurance coverage in the region.
In terms of procedure, tumor embolization procedure segment accounted for the largest share in the global interventional oncology market in 2018. The large share of this segment is mainly due to better results with the procedure, specific targeting of tumor cells, and continuous advancements in embolization procedures and associated agents.
The two interventional oncology procedures — embolization and ablation — on the basis of products are segmented into tumor embolization (radioactive embolic agents/radioembolic agents and non-radioactive embolic agents) and tumor ablation (generators and consumables & accessories). Owing to being localized and directed radiation approach and favorable reimbursement scenario for radioembolization procedures, radioactive embolic agents segment commanded the largest share of global interventional oncology market in 2018.
Interventional oncology Market Key players:
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence for some of the key players in this market including Boston Scientific Corporation (U.S.), Cook Medical LLC (U.S.), C. R. Bard, Inc. (U.S.), Profound Medical Corp. (Canada), AngioDynamics, Inc. (U.S.), BTG plc (U.K.), Terumo Corporation (Japan), Medtronic plc (Ireland), HealthTronics, Inc. (U.S.), EDAP TMS S.A. (France), Neuwave Medical, Inc. (U.S.), Sirtex Medical Limited (Australia), Trod Medical (Belgium), Teleflex Incorporated (U.S.), Sanarus Technologies Inc. (U.S.), IMBiotechnologies Ltd. (Canada), MedWaves, Inc. (U.S.), and IceCure Medical Ltd. (Israel).
Scope of Interventional oncology Market Report:
by Procedure
  • Tumor Embolization
  • Tumor ablation
by Product
  • Tumor Embolization
by Application
  • Liver Cancer
  • Lung Cancer
  • Breast Cancer
  • Prostate Cancer
  • Kidney Cancer
  • Bone Metastasis
  • Others
by End user
  • Hospital
  • Ambulatory Care Centers
  • Research & Academia
by Geography
  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America
  • Middle East & Africa.
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