"Designing Growth Strategies is in our DNA"
Interventional oncology procedures comprise of diagnostics and treatment of cancer with the use of minimally invasive procedures that are conducted under image guidance program. The interventional oncology process utilizes equipment such as x-ray, computed tomography, ultrasound, and magnetic imagining resonance for image guidance. Interventional oncology procedures are performed using accessories and instruments that include biopsy needles, guidewires, ablation electrodes, and intravascular catheters that allow the removal of the tumor of the body. Interventional oncology is used to treat metastatic and primary cancer such as liver, kidney, bone, breast cancer, and others.
Key Market Driver -
Growing liver, lung, and breast cancer rates to propel the market growth
Key Market Restraint -
High treatment cost for interventional oncology treatment
The rise in demand for the minimally invasive procedures leading to several benefits such as the minimal risk of infection, lesser complications, shorter stay in the hospitals and faster recovery as compared to invasive surgeries are the major factors driving the growth of the global interventional oncology market. Additionally, increasing prevalence of cancer, technological advancements, and new product launches are some of the factors driving the growth of the global interventional oncology market.
However, the high treatment cost associated with interventional oncology is likely to hinder the market growth during the forecast period.
The global interventional oncology market is segmented into therapy, cancer type, and end user. On the basis of therapy, the market is categorized into radiation therapy, ablation devices, and particle embolization devices. Based on cancer type, the global interventional oncology market is segmented into liver cancer, lung cancer, kidney cancer, and others. Various end users covered in the market are hospitals, ambulatory surgery centers, specialty clinics, and others.
The major companies covered in the global interventional oncology market report include Boston Scientific Corporation, Smith & Nephew, C.R. Bard, Angio Dynamics, Health Tronics, Cook Medical, BOVIE MEDICAL, Profound Medical, MedWaves, TERUMO, Merit Medical Systems, Perseon, ALPINION MEDICAL SYSTEMS, Varian Medical, and Baylis Medical and others.
Geographically, the interventional oncology market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among the region, North America accounted for the highest share in the global interventional oncology market in 2017. Increasing mergers and acquisitions and research collaboration between manufacturers and universities in the North America region to develop new products are key factors for the estimate high share of this region. In 2015, Boston Scientific acquired Celo Nova Biosciences spherical involved in the development of Embozene and Oncozene microspheres.
To gain extensive insights into the market, Request for Customization
Europe is anticipated to grow at a significant CAGR owing to high prevalence of cancer in the region. According to the survey conducted by World Health Organization (WHO), in 2016, more than 753,600 people were diagnosed with cancer. Furthermore, technological advancement and high investment in healthcare infrastructure in the region is expected to boost the interventional oncology market in Europe. Asia Pacific is anticipated to register a higher CAGR during the forecast period owing to high growth opportunities for the market players in countries like India, China, South Korea, and others.
By Cancer Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry