Uploaded on Nov 10, 2022
The global interventional oncology market size is projected to reach USD 2.9 billion by 2026 from USD 1.9 billion in 2020, at a CAGR of 6.8% during the forecast period. The major factors driving the growth of this market include the rapidly growing geriatric population and the subsequent increase in the prevalence of associated diseases; rising preference for minimally invasive procedures; technological advancements in interventional oncology modalities; and increasing investments, funds, and grants by public-private organizations.
Interventional Oncology Market: Analysis & Forecast To 2026 By Key Players, Share, Trend, Segmentation
MarketsandMarkets
Presents
Interventional Oncology Market worth $2.9 billion by 2026
https://www.marketsandmarkets.com/Market-Reports/interventional-oncology-market-2036
87164.html
The report "Interventional Oncology Market by Product (Radiofrequency, microwave,
embolization, guidewires), Procedure (Thermal, Non-Thermal Ablation, TACE, TARE,
TAE), Cancer (Liver, Lung, Kidney, Bone Metastasis), Enduser (Hospital, ASC) - Global
Forecast to 2026" The global interventional oncology market size is estimated to be
USD 1.9 billion in 2020 and is projected to reach USD 2.9 billion by 2026, at a CAGR of
6.8%.
The increasing prevalence of diseases and disorders, technological advancements, and
increased funding and public-private investments are the key factors driving the
growth of the interventional oncology market.
Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownload
Objectives of the Study:
• Demand for embolization devices result in the segment occupying the high share of
the interventional oncology market
• Liver cancer estimated to be the growing market
Liver cancer accounted for the largest share of the interventional oncology
market in 2020. Interventional oncology plays a crucial role in treating liver
cancer, as removing the tumor with surgery may not leave the tissue healthy
enough for effective liver functioning. Thus, primary liver tumors or liver tumors
resulting from metastatic cancers can effectively be treated using interventional
oncology procedures. Owing to this, more than half of all treatments for primary
and metastatic liver cancer are conducted using interventional oncology.
• Asia Pacific likely to emerge as the fastest-growing interventional oncology market,
globally
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst
This research report categorizes the interventional oncology market
based on product, procedure, cancer type, end user, and region.
By Product
• Embolization Devices
• Ablation Devices
• Support Devices
By Procedure
• Thermal Tumor Ablation
• Non-Thermal Tumor Ablation
• Transcatheter Arterial Chemoembolization
• Transcatheter Arterial Radioembolization/Selective Internal Radiation Therapy
• Transcatheter Arterial Embolization/Bland Embolization
By Cancer Type
• Liver Cancer
• Lung Cancer
• Bone Metastasis
• Kidney Cancer
• Breast Cancer
• Prostate Cancer
• Other Cancers
Medtronic, Boston Scientific, BD, Terumo, Merit Medical, AngioDynamics, J&J, Teleflex,
Cook Medical, HealthTronics, MedWaves, Sanarus, IMBiotechnologies, Trod Medical,
IceCure Medical, Mermaid Medicals, Interface Biomaterials BV, Guerbet, ABK
Biomedical, Shape Memory Medical, Endo Shape, Monteris Medical, Instylla, Trisalus
Lifesciences, Profound Medical Corp, Sirtex, Accuray, Baylis Medical, and ALPINION
MEDICAL SYSTEMS and Among Others
Companies Insight
Boston Scientific (US) dominated the global interventional oncology market in 2020. The
company mainly focuses on growth strategies such as acquisitions and expansions to increase its
market presence and product offerings. The company’s plan to acquire BTG will help expand its
product offerings in chemoembolization, radioembolization, and ablation therapies. Boston
Scientific constantly strives to gain regulatory and reimbursement approvals. As a part of its
long-term growth strategy, the company invests in fast-growing markets as well as new markets
by strengthening its position in the global healthcare market.
Medtronic (Ireland) held the second position in the global interventional oncology market in
2020. The company focuses on adopting various organic growth strategies like product launches
& approvals and inorganic growth strategies, such as acquisitions and collaborations, to expand
its presence and share in the interventional oncology market. In line with this, the company
launched various tumor management products like OptiSphere Embolization Spheres and
OsteoCool Rf Ablation Systems and received US FDA clearance, which helped it to expand its
presence in the market.
Contact Us
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road, Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
Press release:
https://www.marketsandmarkets.com/PressReleases/interventional-o
ncology.asp
Research insights:
https://www.marketsandmarkets.com/ResearchInsight/interventional
-oncology-market.asp
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Currently servicing 5000 customers worldwide including 80% of global Fortune 1000
companies as clients. Almost 75,000 top officers across eight industries worldwide
approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the "Growth Engagement Model – GEM". The GEM aims at
proactive collaboration with the clients to identify new opportunities, identify most
important customers, write "Attack, avoid and defend" strategies, identify sources of
incremental revenues for both the company and its competitors. MarketsandMarkets™
now coming up with 1,500 MicroQuadrants (Positioning top players across leaders,
emerging companies, innovators, strategic players) annually in high growth emerging
segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies
this year for their revenue planning and help them take their innovations/disruptions
early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform,
"RT" connects over 200,000 markets and entire value chains for deeper understanding
of the unmet insights along with market sizing and forecasts of niche markets.
Comments