Interventional Radiology Market by Segmentation, Review, Trends, Opportunities, Growth, Demand and Forecast to 2030

 Interventional Radiology Market Overview:

The global interventional radiology (IR) market is expected to expand at a compound annual growth rate (CAGR) of approximately 6% during the forecast period. Market growth is primarily driven by the increasing prevalence of chronic diseases, continuous advancements in imaging technologies, a growing preference for minimally invasive procedures, rising awareness of the clinical benefits of interventional radiology, and the expanding use of IR across emerging therapeutic areas such as oncology and pain management.

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Report Overview

Interventional radiology (IR) refers to a range of minimally invasive, image-guided procedures used to diagnose and treat conditions affecting nearly every organ system. These procedures rely on advanced imaging modalities—including X-ray, ultrasound, computed tomography (CT), and magnetic resonance imaging (MRI)—to guide instruments such as catheters, wires, and needles with high precision. By eliminating the need for open surgery, IR procedures help reduce patient trauma, shorten hospital stays, and improve recovery outcomes.

Rising prevalence of chronic diseases driving market growth

The growing global burden of chronic diseases, including cardiovascular disorders, cancer, and neurological conditions, is a key factor accelerating the adoption of interventional radiology. Conditions such as stroke, peripheral artery disease, and liver cancer increasingly require treatment approaches that are effective yet minimally invasive. IR procedures such as angioplasty, embolization, and tumor ablation offer targeted therapeutic solutions with fewer complications and faster recovery compared to traditional surgical methods.

Additionally, the expanding aging population is contributing to increased demand for IR interventions, as older individuals are more susceptible to chronic illnesses that require frequent monitoring and treatment. As healthcare systems place greater emphasis on early diagnosis and non-surgical treatment strategies, the role of interventional radiology continues to grow, supporting overall market expansion.

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Technological advancements in imaging modalities fueling demand

Ongoing innovations in imaging technologies—including MRI, CT, ultrasound, and fluoroscopy—have significantly improved the accuracy, safety, and efficiency of interventional radiology procedures. Developments such as high-resolution imaging, 3D and 4D visualization, and artificial intelligence-based image analysis enable real-time, three-dimensional views of targeted anatomy, enhancing procedural precision and outcomes.

The integration of augmented reality (AR) further supports clinicians by providing overlay imaging and improved spatial awareness during complex interventions. Moreover, portable and hybrid imaging systems are expanding the availability of IR procedures in outpatient facilities and remote settings. The adoption of robotics and AR technologies also contributes to improved procedural control and reduced radiation exposure for both patients and clinicians.

For example, in June 2024, GE HealthCare and MediView XR Inc. announced the first installation of the OmnifyXR interventional suite at North Star Vascular and Interventional (NSVI) in Minneapolis, Minnesota. This advanced augmented reality-based IR suite features a holographic heads-up display, live medical imaging streams, 3D anatomical visualization, and remote collaboration capabilities, supporting the delivery of precision-driven interventional care.

Competitive Landscape Analysis

The global interventional radiology market comprises a mix of established and emerging players, including GE HealthCare, Koninklijke Philips, Siemens Healthineers, Fujifilm Holdings Corporation, Boston Scientific Corporation, Medtronic, Terumo Corporation, Shimadzu Corporation, Canon Medical Systems Corporation, Carestream Health, Abbott Laboratories, Teleflex Incorporated, Hologic Inc., Cook Medical, Esaote SpA, Hitachi Medical Corporation, and United Imaging Healthcare, among others. Key competitive strategies include new product launches, strategic partnerships and collaborations, and sustained investments in research and development.

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Global Interventional Radiology Market Segmentation

This report by Medi-Tech Insights analyzes the global interventional radiology market size at regional and country levels from 2023 to 2030. The market is segmented based on product, procedure, application, end user, and region.

Market Size & Forecast (2023–2030), by Product (USD Million):

  • MRI Systems
  • Ultrasound Imaging Systems
  • CT Scanners
  • Angiography Systems
  • Fluoroscopy Systems
  • Biopsy Devices
  • Others

Market Size & Forecast (2023–2030), by Procedure (USD Million):

  • Angioplasty
  • Angiography
  • Biopsy and Drainage
  • Embolization
  • Thrombolysis
  • Vertebroplasty
  • Nephrostomy
  • Others

Market Size & Forecast (2023–2030), by Application (USD Million):

  • Cardiology
  • Oncology
  • Gynaecology
  • Obstetrics
  • Urology
  • Gastroenterology
  • Other Applications

Market Size & Forecast (2023–2030), by End User (USD Million):

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others

Market Size & Forecast (2023–2030), by Region (USD Million):

  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
  • Middle East & Africa

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About Medi-Tech Insights;

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry-leading CXO, VPs, and key demand/supply side decision-makers.

Contact:

Ruta Halde

Associate, Medi-Tech Insights

+32 498 86 80 79

info@meditechinsights.com

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