How is Growing Preference for Minimally Invasive Procedures Driving Interventional Radiology Industry?

The thought of getting a surgery done is often fearful for people, however, these days, just every other thing has become easy, conduction surgeries for treating diseases has also become comparatively simpler and safer. This is due to the advent of minimally invasive surgeries, whereby the surgeon uses a number of techniques for operating with less damage to the body than is done with open surgery. Patients prefer minimally invasive surgeries because they are associated with less pain, fewer complications, and a shorter stay at hospitals. One of the minimally invasive techniques is interventional radiology.

Interventional radiology basically refers to number of techniques that rely on the usage of radiological image guidance in order to target therapy precisely. According to a P&S Intelligence report, in 2018, the global interventional radiology market generated a revenue of $19.0 billion and is expected to attain a value of $27.3 billion by 2024, advancing at a 6.4% CAGR during the forecast period (2019–2024). Different types of products utilized for image guidance during interventional radiology procedures are angiography systems, magnetic resonance imaging systems, ultrasound systems, and computed tomography. Because of the growing prevalence of birth disorders and chronic diseases around the world, the demand ultrasound systems is predicted to increase in the coming years.

The geriatric population in the Asia-Pacific (APAC) region is surging along with the prevalence of chronic diseases, due which the need for interventional radiology systems is expected to rise in the coming years in the region. While in the past, the healthcare system in most of the countries in APAC was under developed, now the expenditure in the sector is growing for improving the healthcare infrastructure. In addition to this, scientific meetings and training programs are being conducted in the region for interventional radiology.

For example, the APAC Society of Cardiovascular and Interventional Radiology conducted the 14th Annual Scientific Meeting for exchanging knowledge regarding cardiovascular and interventional radiology based latest applications and techniques among radiologists and medical doctors in different geographies of the region. The meeting was held on February 21st to 24th, 2019 in Indonesia, at the Bali Interventional Convention Center. Such initiatives are projected to result in the growth of the interventional radiology market in APAC.

In conclusion, the demand for interventional radiology is rising due to the rising prevalence of chronic diseases and increasing demand for minimally invasive procedures.

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