Interventional Radiology Market

By Product;

MRI, CT, Ultrasound, and Angiography

By Procedure;

Angioplasty, Biopsy, Embolization, Thrombolysis, Vertebroplasty, and Nephrostomy

By Application;

Cardiology, Oncology, Gastroenterology, Obstetrics, and Gynecology

By End-Use;

Hospitals, Clinics, and Ambulatory Surgical Centers

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn802275108 Published Date: June, 2025 Updated Date: August, 2025

Interventional Radiology Market Overview

Interventional Radiology Market (USD Million)

Interventional Radiology Market was valued at USD 29,819.38 million in the year 2024. The size of this market is expected to increase to USD 42,805.27 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.


Interventional Radiology Market

*Market size in USD million

CAGR 5.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.3 %
Market Size (2024)USD 29,819.38 Million
Market Size (2031)USD 42,805.27 Million
Market ConcentrationMedium
Report Pages307
29,819.38
2024
42,805.27
2031

Major Players

  • GE Healthcare
  • Siemens
  • Koninklijke Philips
  • Toshiba Medical Systems
  • Hitachi Medical Corporation
  • Carestream Health
  • Esaote, Hologic Inc.
  • Shimadzu Corporation
  • Samsung Medison

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Interventional Radiology Market

Fragmented - Highly competitive market without dominant players


The Interventional Radiology Market is rapidly advancing as minimally invasive techniques become the dominant choice, representing over 68% of procedures performed. These methods offer enhanced outcomes with less trauma, making them ideal for modern healthcare. The rising use of image-guided treatments is driving notable technological advancements and opening up fresh opportunities for expansion in both diagnosis and treatment across various clinical settings.

Next-Gen Imaging and Precision Technology
Innovative imaging systems such as MRI- and CT-guided tools now support over 60% of complex interventional procedures. These solutions are reshaping the landscape with high-precision interventions and improved safety profiles. With AI-driven platforms and robotics entering clinical routines, there is a clear trend toward smart strategies that boost procedural success and operational efficiency. This evolution underscores the market’s future growth potential.

Strategic Collaborations Driving Accessibility
Over 55% of healthcare organizations are entering into collaborations with device manufacturers to streamline access to advanced systems. These partnerships and technology-sharing initiatives enable quicker implementation of interventional radiology tools. Such alliances play a pivotal role in enhancing adoption rates and ensuring expansion across care settings, strengthening the market’s infrastructure and service delivery capabilities.

Industry Consolidation Enhancing Market Reach
With 58% of market growth tied to mergers and strategic partnerships, companies are rapidly consolidating to diversify product lines and reach wider audiences. These moves are enabling innovation-driven expansion, supporting development of next-gen interventional platforms. As demand surges, such collaborative strategies are key to capturing emerging opportunities and reinforcing technological leadership across the market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Procedure
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-Use
    5. Market Snapshot, By Region
  4. Interventional Radiology Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Minimally invasive procedures

        2. Increasing chronic diseases

        3. Expanding medical applications

        4. Favorable reimbursement

      2. Restraints
        1. High initial equipment costs

        2. Limited accessibility in certain regions

        3. Regulatory hurdles and compliance issues

        4. Lack of skilled interventional radiologists

      3. Opportunities
        1. Expansion of minimally invasive procedures

        2. Growing prevalence of chronic diseases

        3. Rising demand for image-guided therapies

        4. Collaborations and partnerships

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Interventional Radiology Market, By Product, 2021 - 2031 (USD Million)
      1. MRI
      2. CT
      3. Ultrasound
      4. Angiography
    2. Interventional Radiology Market, By Procedure, 2021 - 2031 (USD Million)
      1. Angioplasty
      2. Biopsy
      3. Embolization
      4. Thrombolysis
      5. Vertebroplasty
      6. Nephrostomy
    3. Interventional Radiology Market, By Application, 2021 - 2031 (USD Million)
      1. Cardiology
      2. Oncology
      3. Gastroenterology
      4. Obstetrics
      5. Gynecology
    4. Interventional Radiology Market, By End-Use, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Clinics
      3. Ambulatory Surgical Centers
    5. Interventional Radiology Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. GE Healthcare
      2. Siemens
      3. Koninklijke Philips
      4. Toshiba Medical Systems
      5. Hitachi Medical Corporation
      6. Carestream Health
      7. Esaote, Hologic Inc.
      8. Shimadzu Corporation
      9. Samsung Medison
  7. Analyst Views
  8. Future Outlook of the Market