Interventional Oncology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Interventional Oncology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2020 | Healthcare IT | PPT format

Report Digest


Global Interventional Oncology Market: Snapshot

The increasing demand for minimally invasive (MI) procedures is driving the growth of the global market for interventional oncology. The growing awareness about the benefits of MI surgeries, such as reduced risk of infection, minimal complications, shorter hospital stay, lesser pain, and a faster recovery time when compared to the conventional open surgeries, are encouraging patients and surgeons to opt for MI surgeries, resulting in the high growth of this market. The global interventional oncology market will continue to be driven by these factors over the coming years.

The increasing incorporation of image-guided solutions in interventional oncology procedures, thanks to the improvement these solutions provide in the diagnosis and treatment of cancer-related issues, is also expected to supplement the growth prospects of this market in the near future.

The presence of a number of local and international vendors characterizes the business landscape of the worldwide market for interventional oncology, which is highly competitive and diversified. Technological advancements and constant introduction of new products are likely to intensify the competitive environment in the market. The leading players are focusing aggressively on expanding their product portfolios.

Global Interventional Oncology Market: Overview

Interventional oncology, a subspecialty of interventional radiology, finds application in the diagnosis and treatment of cancer and cancer-related problems. It is an image-guided, minimally-invasive technique conducted by trained experts. Most procedures are either outpatient or require an overnight stay in the hospital. Recovery time is also minimal. Some of the popular procedures used are intra-arterial therapies, ablative therapies, pain palliation, and neoadjuvant (pre-operative) procedures.

A report by TMR research studies the global market for oncology intervention in details by factoring in current and historical data. It presents a qualitative analysis of the growth drivers and restraints and also projects it growth trajectory in the future.

Global Interventional Oncology Market: Key Trends

Fanning growth in the global interventional oncology market is the increasing instances of liver, lung, stomach, colorectal, and breast cancer worldwide. This has upped demand for minimally invasive procedures to treat or eliminate cancerous cells. On account of their targeted nature that cause little damage to adjacent tissues and organs, cause little complications, and result in a shorter recovery time, minimally invasive techniques in interventional oncology has stolen a march over alternative cancer treatments such as conventional surgeries, systematic chemotherapy, and radiation therapy, and systematic chemotherapy.

Additionally, the rising combination of image-guided solutions with interventional oncology procedures will also likely stoke the global market for interventional oncology in the next couple of years.

Global Interventional Oncology Market: Market Potential

The global market for interventional oncology is primed for healthy growth in the foreseeable future. A growing thrust on pairing up interventional oncology drugs with device-based interventional oncology procedures could make the procedure mainstream soon. This would likely provide a major fillip to the market.

Depending upon procedure and analysis, the global market for interventional oncology can be segmented into ablation and embolization. Of the two, the interventional oncology embolization segment holds a leading share in the market and would continue doing so in the near future. This is because of the rising need for minimally invasive procedures in the treatment of cancer, uptake of embolization procedures by hospitals and ASCs, and direct selling of embolization products, namely DC Bead, Bead Block, and DC Bead M1.

Global Interventional Oncology Market: Regional Outlook

Geographically, the key segments of the market are the Americas, Asia Pacific, and the Europe, Middle East, and Africa. Among them, the Americas hold a leading position and will continue doing so in the upcoming years as well on account of the rising instances of cancer, increasing application of minimally invasive procedures, technological progress such as robotic navigation systems, and effective medical  reimbursement policies. Increasing support from the government and other organizations for research and developmental activities is also expected to bode well for the market in the region.

Global Interventional Oncology Market: Competitive Analysis

The global market for interventional oncology is highly competitive and diversified because of the presence of numerous regional and international vendors worldwide. The market is highly dynamic on account of rapid technological advancements and unveiling of new products from time to time. All of these are also serving to intensify the competition in the market. Many savvy vendors are leveraging advanced technologies to improve their product portfolio, bring out innovative products, and enhance patient satisfaction. This has helped them outsmart new entrants. Some of the key players profiled in the report are Boston Scientific, Medtronic, BTG, TERUMO, and Merit Medical.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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