Global Interventional Radiology Products (Stents, Catheters, IVC Filter, Accessories) Market 2017 – Forecast to 2021 for the $8 Billion Market

Dublin, Jan. 23, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Interventional Radiology Products Market - Forecast to 2021" report to their offering.

The Interventional Radiology Products Market is Expected to Reach USD 8.02 Billion by 2021 from USD 6.35 Billion in 2016, at a CAGR of 4.8%

The major factors driving the growth of this market are rising incidence of chronic diseases, rising geriatric population, and increasing demand for minimally invasive surgeries.

The global interventional radiology products market is segmented based on type, procedure, application, and region. On the basis of type, the stents segment is expected to grow at the highest CAGR during the forecast period. The large share of the stents segment can be attributed to factors such as the increasing incidence of cardiac diseases and cancer and the growing number of angioplasty procedures, globally.

On the basis of procedure, the angiography segment is expected to account for the largest share of the market in 2016. The growing demand for minimally invasive procedures and rising geriatric population are the key factors driving market growth in this segment

Based on application, the market is segmented into cardiology, urology & nephrology, oncology, gastroenterology, neurology, orthopedics, and other applications. In 2016, the cardiology segment is expected to account for the largest share of the market. The rising prevalence of cardiac diseases in developed as well as developing countries is a key factor driving the growth of this market segment.

Market Dynamics

Drivers

  • Rising Prevalence and Incidence of Chronic Diseases
  • Growing Geriatric Population
  • Increasing Demand for Minimally Invasive Procedures
  • Increasing Reimbursement for Minimally Invasive Procedures

Restraint

  • Availability of Effective Conventional First-Level Treatments

Opportunity

  • Emerging Markets

Challenges

  • Entry Barriers for New Players
  • Product Failures and Recalls

Key players in the interventional radiology products market include

  • Abbott Vascular
  • B. Braun Melsungen AG
  • Biosensors International Group Ltd.
  • Boston Scientific Corporation
  • C.R. Bard, Inc.
  • Cook Medical Inc.
  • Cordis Corporation (Subsidiary of Cardinal Health, Inc.)
  • Medtronic PLC
  • Stryker Corporation
  • Terumo Corporation

For more information about this report visit http://www.researchandmarkets.com/research/3mn23z/interventional


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         Related Topics: Medical Imaging

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