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Interventional Oncology Market is a rapidly growing field of interventional oncology which deals with the diagnosis and treatment of cancer using minimally invasive procedures. It uses various imaging techniques such as x-ray, ultrasound, computed tomography, or magnetic resonance imaging for guidance purposes. Interventional oncology is generally employed for the treatment of liver cancer, lung cancer, bone cancer, kidney cancer, prostate cancer, breast cancer, and pancreatic cancer. The interventional oncology treatment market is segmented into Radiation therapy, Ablation, and Particle embolization on the basis of procedure.
The growth of this market is primarily driven by the rising preference for minimally invasive procedures, expansion of the target patient population, increasing public-private funding and government support for cancer research, technological advancements in the field of interventional oncology, and increasing government investments and funding for interventional oncology and related cancer research.
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Hospitals commanded the largest share of the global interventional oncology market in 2018. Rising number of private hospitals in the emerging countries coupled with the large pool of cancer patient population visiting hospitals for diagnosis & treatment is driving the growth of this market.
The report gives a transparent view of the interventional oncology market. We have included a detailed competitive scenario and portfolio of the leading vendors operating in the interventional oncology market. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the interventional oncology market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Companies Covered: Boston Scientific Corporation, Accuray Incorporated, Medtronic PLC, Terumo Corporation, Merit Medical Systems, Inc., BTG PLC
Key Factors Impacting Market Growth:
- Rising oncology incidences
- Growing demand for minimally invasive therapeutics
- Increasing geriatric population
Regional Outlook:
North America, Western Europe, and Asia Pacific by region are estimated to dominate the interventional oncology market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, the government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for interventional oncology market during the forecast period.
The US, Germany, France, UK, Canada, and Spain have been some the major markets in the region. Asia Pacific is estimated to register one of highest CAGR for interventional oncology market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for interventional oncology market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for interventional oncology during the forecast period.
Market Segmentation:
By Therapy:
- Radiation Therapy
- Particle Embolization
- Ablation
By Region:
- North America
- By Therapy
- Europe
- By Therapy
- Asia Pacific
- By Therapy
- Rest of the World
- By Therapy
Reasons To Buy This Report:
- Market size estimation of the Global Interventional Oncology market on a regional and global basis
- The unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
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