Interventional Oncology Market Poised to Grow at a CAGR of 10.8% by 2024
Infinium Global Research has added a new report on Interventional Oncology Market. The report presents analysis of global as well as regional markets of interventional oncology market over the period of 2016 to 2024.
Interventional technology is one of the type of cancer care that is done with the help of minimally invasive procedure. The increase awareness concerning the benefits of minimally invasive surgeries, such as reduced risk of infection, minimal complications, shorter hospital stay, lesser pain, and faster recovery time as compared to the conventional open surgeries, are encouraging patients and surgeons to go for minimally invasive surgeries. Thus growing demand for minimally invasive therapeutics to drive the market growth. Also, the ability of minimally invasive techniques to treat cancerous cells better than alternative cancer treatments such as radiation therapy, surgeries, and systematic chemotherapy has helped the technique, gain popularity. Furthermore, use of image guided solutions with oncology procedure is also encouraging the market growth. However high treatment cost of interventional oncology hinders the market growth. Development of new innovative products that can efficiently treat cancer will also in aid in market growth in coming years
Among the geographies, North America has the largest market share in the interventional oncology market in 2017. Rising incidence of cancer among North American citizens, increase adoption of minimally invasive procedures, improved reimbursement policies and tremendous technological progress in the field of radiology are the key factors responsible for driving growth in this region. Asia Pacific is expected to be the fastest growing region in terms of CAGR, throughout the forecast period 2018-2024, owing to rising healthcare infrastructure, increasing disposable income and huge population base. With huge population, the chances of people getting affected with cancer increases.
Technological advancements and introduction of new products are the strategies adopted by the key players, in order to gain competitive advantage among its peers.
Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global interventional oncology market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that North America dominated the global interventional oncology market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the interventional oncology market worldwide.
The report segments the global interventional oncology market on the basis of Procedure.
Global Interventional Oncology Market by Procedure
· Radiation Therapy
· Particle Embolization
Companies Profiled in the Report
· Boston Scientific Ltd
· Medtronic PLC
· Merit Medical
· Cook Medical
· NeuWave Medical
· Profound Medical
· Terumo Corporation
About Infinium Global Research
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