Interventional Oncology Devices Market
By Product;
Ablation Devices -[Thermal Ablation (Microwave, Radiofrequency) and Non-Thermal Ablation (Cryoablation, Irreversible Electroporation)], Embolization Devices -[Embolic Agents (Bland, Chemo, Drug-Eluting, Y-90) and Delivery Accessories (Micro-Catheters and Guidewires)], Navigation & Imaging Systems and Ancillary DisposablesBy Procedure;
Ablation-Only, Embolization-Only and Combination TherapiesBy Cancer;
Liver, Lung, Breast, Kidney, Prostate, Bone Metastases, Pancreatic and OthersBy End User;
Hospitals (Academic & Community), Cancer Specialty Centers, Ambulatory Surgical & Outpatient IO Suites and Office-Based LabsBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Interventional Oncology Devices Market Overview
Interventional Oncology Devices Market (USD Million)
Interventional Oncology Devices Market was valued at USD 2,424.99 million in the year 2024. The size of this market is expected to increase to USD 4,577.29 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.5%.
Interventional Oncology Devices Market
*Market size in USD million
CAGR 9.5 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 9.5 % |
| Market Size (2024) | USD 2,424.99 Million |
| Market Size (2031) | USD 4,577.29 Million |
| Market Concentration | Medium |
| Report Pages | 392 |
Major Players
- Boston Scientific Corporation
- Medtronic plc
- Terumo Corporation
- Merit Medical Systems, Inc
- Philips Volcano
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Interventional Oncology Devices Market
Fragmented - Highly competitive market without dominant players
The Interventional Oncology Devices Market is transforming cancer care with targeted and minimally invasive treatment options. Adoption of interventional oncology techniques has increased by over 48%, as procedures such as ablation, embolization, and biopsy provide precision therapies with fewer side effects. These solutions are reshaping oncology by offering safer and more patient-friendly alternatives to traditional methods.
Key Drivers Accelerating Growth
The rising burden of cancer cases and the need for less invasive therapies are fueling demand for interventional oncology devices. Research shows that nearly 63% of patients treated with these techniques experience faster recovery compared to conventional surgery. Reduced hospital stays and improved patient comfort are strengthening their adoption in oncology practices.
Advancements Strengthening Market Adoption
Technological progress in image-guided systems, ablation technologies, and embolic materials is enhancing safety and precision. Around 52% of specialists recommend interventional oncology devices for suitable cases, while 41% of patients report improved post-treatment quality of life. These advancements are driving wider clinical acceptance and long-term trust.
Growth Prospects and Industry Outlook
The Interventional Oncology Devices Market shows strong growth potential, supported by rising adoption of minimally invasive solutions. More than 66% of healthcare stakeholders identify these devices as essential to the future of oncology care. Continued R&D and broader integration into cancer treatment strategies will solidify their role in advancing safe, effective, and patient-centered care.
Interventional Oncology Devices Market Recent Developments
-
In August 2022, Boston Scientific Corporation acquired Obsidio, Inc. This acquisition strengthens the company’s interventional oncology & embolization portfolio with the addition of Gel Embolic Material (GEM) technology, offering a differentiated solution to patients and physicians.
-
In July 2021, Terumo Europe announced the signing of a Memorandum of Understanding (MoU) with the University Medical Center Utrecht (UMC Utrecht) to extend their partnership and enhance education and innovations for the development of effective solutions in interventional oncology.
Interventional Oncology Devices Market Segment Analysis
In this report, the Interventional Oncology Devices Market has been segmented by Product, Procedure, Cancer, End User and Geography.
Interventional Oncology Devices Market, Segmentation by Product
The Product segmentation includes Ablation Devices, Embolization Devices, Navigation & Imaging Systems, and Ancillary Disposables. These devices form the backbone of minimally invasive cancer treatment approaches, supporting targeted therapy delivery, reduced systemic toxicity, and faster patient recovery. The growing demand for image-guided tumor therapies and localized oncology procedures is driving strong growth across all categories.
Ablation Devices
Ablation Devices include both Thermal Ablation and Non-Thermal Ablation technologies used to destroy cancerous tissue precisely. The increased use of ablation for patients unsuitable for surgery is a major growth driver in this segment.
-
Thermal Ablation
Thermal Ablation encompasses Microwave and Radiofrequency Ablation (RFA). These methods rely on heat to destroy tumor cells and are widely adopted for liver, lung, and kidney cancers. Microwave ablation offers deeper tissue penetration, while RFA remains the standard for minimally invasive tumor management due to its precision and safety profile.
-
Non-Thermal Ablation
Non-Thermal Ablation includes Cryoablation and Irreversible Electroporation (IRE). Cryoablation freezes malignant cells using controlled cryogens, ideal for breast, prostate, and renal tumors. IRE uses electric fields to disrupt cancer cell membranes without damaging surrounding tissues, particularly beneficial for tumors near critical structures.
Embolization Devices
Embolization Devices are used to block blood flow to tumors, depriving them of nutrients and oxygen. They are crucial for treating inoperable solid tumors and are increasingly used in combination therapies with ablation or chemotherapy.
-
Embolic Agents
Embolic Agents include Bland, Chemo, Drug-Eluting, and Y-90 (Radioembolization) beads. Drug-eluting and Y-90 microspheres are gaining traction due to their targeted delivery capabilities and reduced systemic effects, improving patient outcomes in liver and metastatic cancers.
-
Delivery Accessories
Delivery Accessories such as Micro-Catheters and Guidewires facilitate precise embolic delivery and navigation through complex vasculature. Continuous innovation in catheter flexibility and imaging integration enhances procedural accuracy and operator safety.
Navigation & Imaging Systems
Navigation & Imaging Systems play a critical role in real-time visualization during interventional oncology procedures. The adoption of CT, MRI, and ultrasound-guided systems enables clinicians to achieve higher procedural success rates and minimize recurrence. Advances in AI-based imaging analytics and robotic navigation are revolutionizing this segment.
Ancillary Disposables
Ancillary Disposables include biopsy needles, sheaths, connectors, and ablation probes essential for ensuring sterility, precision, and cost-efficiency during procedures. Their demand grows proportionally with the expanding number of image-guided oncology interventions globally.
Interventional Oncology Devices Market, Segmentation by Procedure
The Procedure segmentation includes Ablation-Only, Embolization-Only, and Combination Therapies. Each procedural category plays a pivotal role in personalized cancer treatment based on tumor type, stage, and patient condition.
Ablation-Only
Ablation-Only procedures are increasingly favored for patients with localized and early-stage cancers. They offer minimal invasiveness and faster recovery times, supported by growing hospital adoption of microwave and cryoablation technologies.
Embolization-Only
Embolization-Only procedures dominate in treating vascular-rich tumors like hepatocellular carcinoma. The rising success rates of TACE (Transarterial Chemoembolization) and Y-90 radioembolization continue to expand their clinical application base.
Combination Therapies
Combination Therapies integrating ablation and embolization offer synergistic benefits by enhancing tumor necrosis and reducing recurrence. Increasing clinical trials validating these hybrid techniques support their growing role in multimodal oncology care.
Interventional Oncology Devices Market, Segmentation by Cancer
The Cancer segmentation includes Liver, Lung, Breast, Kidney, Prostate, Bone Metastases, Pancreatic, and Others. Interventional oncology continues to transform cancer care by offering image-guided, organ-preserving alternatives to surgery.
Liver
Liver Cancer accounts for the largest share, with interventional techniques such as radioembolization, chemoembolization, and thermal ablation widely adopted in hepatocellular carcinoma management. Increasing incidence of liver disease globally supports continued growth.
Lung
Lung Cancer applications are expanding due to advancements in CT-guided ablation and bronchoscopic navigation systems, offering curative potential for inoperable patients.
Breast
Breast Cancer interventional treatments, including cryoablation and microwave ablation, are emerging as minimally invasive alternatives to lumpectomy in select patients.
Kidney
Kidney Cancer ablation procedures are increasing as nephron-sparing techniques gain preference over traditional surgery for small renal masses.
Prostate
Prostate Cancer applications are advancing with growing adoption of focal therapy and targeted ablation techniques, reducing side effects compared to conventional interventions.
Bone Metastases
Bone Metastases interventions provide significant pain palliation and structural reinforcement. Cryoablation and cementoplasty are widely used for metastatic pain management in palliative care settings.
Pancreatic
Pancreatic Cancer treatments are adopting novel ablation technologies and combination interventional therapies to address complex tumor locations.
Others
Other cancers such as colorectal and head & neck malignancies also benefit from the expanding capabilities of image-guided interventions for improved patient quality of life.
Interventional Oncology Devices Market, Segmentation by End User
The End User segmentation includes Hospitals (Academic & Community), Cancer Specialty Centers, Ambulatory Surgical & Outpatient IO Suites, and Office-Based Labs. Increasing hospital integration of minimally invasive oncology programs and technology-driven workflows is strengthening the ecosystem for interventional therapies.
Hospitals (Academic & Community)
Hospitals remain the largest segment due to the availability of advanced imaging infrastructure and multidisciplinary oncology teams. Academic hospitals lead in conducting clinical research and training programs in interventional oncology.
Cancer Specialty Centers
Cancer Specialty Centers focus on high-volume interventional procedures, offering comprehensive care with advanced technologies such as robotic navigation and AI-guided ablation planning.
Ambulatory Surgical & Outpatient IO Suites
Ambulatory IO Suites are gaining popularity for cost-effective and same-day procedures. They are crucial for healthcare systems aiming to improve efficiency while maintaining patient comfort.
Office-Based Labs
Office-Based Labs cater to private practitioners and localized healthcare setups. Their rising adoption, particularly in developed economies, reflects a shift toward decentralized cancer care supported by portable imaging systems.
Interventional Oncology Devices Market, Segmentation by Geography
In this report, the Interventional Oncology Devices Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America leads the market owing to early technology adoption, strong healthcare infrastructure, and a high burden of liver and lung cancers. The U.S. dominates due to continuous investments in image-guided oncology systems and favorable reimbursement for interventional procedures.
Europe
Europe shows robust growth driven by advanced oncology research programs and increasing preference for minimally invasive cancer treatments. Countries like Germany, the U.K., and France invest heavily in public cancer care modernization and training in interventional radiology.
Asia Pacific
Asia Pacific is the fastest-growing region due to increasing cancer prevalence, healthcare investments, and accessibility of advanced medical imaging. Nations like Japan, China, and India are expanding hospital capabilities for image-guided oncology procedures.
Middle East & Africa
Middle East & Africa experience gradual adoption driven by the expansion of tertiary care facilities and medical tourism. Governments are increasingly investing in oncology infrastructure to address the rising cancer burden.
Latin America
Latin America demonstrates steady growth led by Brazil and Mexico, where public-private partnerships are promoting affordable interventional oncology treatments and capacity building in specialized radiology.
Interventional Oncology Devices Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Interventional Oncology Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunities
Drivers:
- Increasing Incidence of Cancer
- Technological Advancements
-
Growing Preference for Minimally Invasive Procedures: The preference for minimally invasive procedures among patients and healthcare providers stems from their numerous advantages over traditional surgeries. These procedures typically result in shorter recovery times, allowing patients to return to their daily activities more quickly. Reduced hospital stays are also a significant benefit, as patients can often undergo minimally invasive interventions on an outpatient basis or with shorter hospitalization periods, freeing up resources and reducing healthcare costs.
The lower risk of complications associated with minimally invasive techniques is a crucial factor driving their adoption. Compared to open surgeries, which involve larger incisions and more extensive tissue disruption, interventional oncology procedures like radiofrequency ablation and transarterial chemoembolization offer precise targeting of tumors with minimal damage to surrounding healthy tissue. This precision not only reduces the risk of complications but also enhances patient safety and comfort during the treatment process.
The increasing demand for these less invasive alternatives to surgery has spurred the development of related devices tailored to interventional oncology procedures. Manufacturers are investing in technologies that facilitate these techniques, such as specialized ablation devices and advanced imaging systems that enable real-time visualization and precise targeting of tumors. As the benefits of minimally invasive interventions become more widely recognized and as the techniques continue to evolve, the demand for related devices is expected to grow, driving innovation and further improving patient outcomes in the field of interventional oncology.
Restraints:
- High Cost of Interventional Oncology Procedures
- Stringent Regulatory Approval Process
-
Limited Awareness and Accessibility: Limited awareness among both patients and healthcare providers regarding the benefits and availability of interventional oncology procedures poses a significant challenge to market growth. Many individuals may not be familiar with these advanced treatment options or may have misconceptions about their efficacy and safety compared to traditional cancer therapies. As a result, there may be a reluctance among patients to explore interventional oncology procedures as a viable treatment option, leading to underutilization of related devices and technologies. Healthcare providers may also lack sufficient knowledge or training in interventional oncology techniques, leading to under-referral or inappropriate treatment decisions. Addressing this awareness gap requires comprehensive educational initiatives targeting both patients and healthcare professionals. Increasing public awareness through campaigns, informational materials, and patient testimonials can help demystify interventional oncology procedures and highlight their benefits, potentially increasing patient acceptance and demand.
Limited accessibility to advanced healthcare facilities offering interventional oncology services, particularly in rural and remote areas, presents another barrier to market expansion. Patients in these regions may face challenges accessing specialized treatment centers equipped with the necessary expertise and infrastructure to perform interventional oncology procedures. This disparity in healthcare access not only hampers patient outcomes but also limits the market reach of interventional oncology devices. To address this issue, efforts to improve healthcare infrastructure and expand the availability of interventional oncology services to underserved areas are crucial. This may involve investment in telemedicine solutions, mobile healthcare units, or partnerships between urban and rural healthcare facilities to ensure equitable access to these life-saving interventions. By enhancing both awareness and accessibility, the market for interventional oncology devices can overcome these challenges and realize its full growth potential.
Opportunities:
- Emerging Markets
- Expanding Applications
-
Collaborations and Partnerships: Collaborations and partnerships between medical device manufacturers, research institutions, and healthcare providers play a pivotal role in driving innovation and market expansion in the field of interventional oncology. By pooling their expertise, resources, and networks, these entities can collectively address complex challenges, accelerate the development of cutting-edge technologies, and bring novel solutions to market more efficiently.
Research institutions often possess valuable insights into the underlying mechanisms of cancer and emerging treatment modalities. Collaborating with medical device manufacturers allows them to translate these discoveries into practical applications, such as the development of innovative interventional oncology devices and techniques. By leveraging the latest scientific advancements, companies can create products that meet the evolving needs of patients and healthcare providers, driving differentiation and competitive advantage in the market.
Interventional Oncology Devices Market Competitive Landscape Analysis
Interventional Oncology Devices Market is evolving within a highly competitive environment where medical technology leaders and specialized device makers adopt strategies such as collaboration, partnerships, and acquisitions. Leading firms control nearly 47% of total share, while emerging players contribute to growth through innovation in minimally invasive procedures and advanced imaging-guided solutions.
Market Structure and Concentration
The market shows moderate concentration, with top manufacturers accounting for about 53% of revenues. Strategic merger activity enhances integration of oncology and interventional platforms. The remaining 47% of share is distributed among niche players, encouraging continuous innovation and supporting expansion across radioembolization, ablation, and catheter-based therapies.
Brand and Channel Strategies
Around 45% of distribution flows through direct hospital contracts, while nearly 55% is managed via distributors and medical device suppliers. Firms deploy multi-tier strategies to optimize reach. Strong partnerships with cancer treatment centers and marketing innovation reinforce visibility, sustaining long-term growth in interventional oncology applications.
Innovation Drivers and Technological Advancements
More than 66% of recent product launches integrate technological advancements in imaging guidance, drug-eluting technologies, and robotic navigation. Continuous innovation enhances precision and clinical outcomes. Companies engage in R&D collaboration with oncology institutions, supporting growth through cutting-edge, patient-centric interventional solutions.
Regional Momentum and Expansion
North America and Europe together represent nearly 68% of revenues, supported by advanced healthcare systems and strong partnerships with hospitals. Asia-Pacific accounts for approximately 32%, showing the fastest growth driven by expanding cancer care infrastructure. Regional strategies emphasize localized innovation, manufacturing expansion, and cross-border collaboration to enhance competitiveness.
Future Outlook
The future outlook indicates that next-generation devices integrating imaging and targeted therapy will account for nearly 73% of future launches. Sustained collaboration, strategic merger initiatives, and adaptive market strategies will shape competitive success. Companies focusing on technological advancements and regional expansion are positioned to secure long-term growth in the interventional oncology devices market.
Key players in Interventional Oncology Devices Market include:
- Boston Scientific Corporation
- Medtronic plc
- Siemens Healthineers
- Johnson & Johnson (Ethicon / INTO group)
- Terumo Corporation
- Merit Medical Systems, Inc.
- AngioDynamics, Inc.
- Becton, Dickinson and Company (BD)
- Cook Medical LLC
- Teleflex Incorporated
- HealthTronics, Inc.
- Eckert & Ziegler BEBIG AG
- IceCure Medical Ltd
- Sanarus Technologies, Inc.
- Varian Medical Systems
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Procedure
- Market Snapshot, By Cancer
- Market Snapshot, By End User
- Market Snapshot, By Region
- Interventional Oncology Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Incidence of Cancer
- Technological Advancements
- Growing Preference for Minimally Invasive Procedures
- Restraints
- High Cost of Interventional Oncology Procedures
- Stringent Regulatory Approval Process
- Limited Awareness and Accessibility
- Opportunties
- Emerging Markets
- Expanding Applications
- Collaborations and Partnerships
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Interventional Oncology Devices Market, By Product, 2021 - 2031 (USD Million)
- Ablation Devices
- Thermal Ablation
- Microwave
- Radiofrequency
- Non-Thermal Ablation
- Cryoablation
- Irreversible Electroporation
- Thermal Ablation
- Embolization Devices
- Embolic Agents
- Bland
- Chemo
- Drug-Eluting
- Y-90
- Delivery Accessories
- Micro-Catheters
- Guidewires
- Embolic Agents
- Navigation & Imaging Systems
- Ancillary Disposables
- Ablation Devices
- Interventional Oncology Devices Market, By Procedure, 2021 - 2031 (USD Million)
- Ablation-Only
- Embolization-Only
- Combination Therapies
- Interventional Oncology Devices Market, By Cancer, 2021 - 2031 (USD Million)
- Liver
- Lung
- Breast
- Kidney
- Prostate
- Bone Metastases
- Pancreatic
- Others
- Interventional Oncology Devices Market, By End User, 2021 - 2031 (USD Million)
- Hospitals (Academic & Community)
- Cancer Specialty Centers
- Ambulatory Surgical & Outpatient IO Suites
- Office-Based Labs
- Interventional Oncology Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Interventional Oncology Devices Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Boston Scientific Corporation
- Medtronic plc
- Siemens Healthineers
- Johnson & Johnson (Ethicon / INTO group)
- Terumo Corporation
- Merit Medical Systems, Inc.
- AngioDynamics, Inc.
- Becton, Dickinson and Company (BD)
- Cook Medical LLC
- Teleflex Incorporated
- HealthTronics, Inc.
- Eckert & Ziegler BEBIG AG
- IceCure Medical Ltd
- Sanarus Technologies, Inc.
- Varian Medical Systems
- Company Profiles
- Analyst Views
- Future Outlook of the Market

