The global interventional radiology market is witnessing rapid expansion, driven by advancements in minimally invasive procedures, rising demand for diagnostic imaging, and increasing prevalence of chronic diseases. Valued at USD 30.74 billion in 2024, the market grew to USD 32.95 billion in 2025 and is projected to reach USD 60.82 billion by 2034, expanding at a CAGR of 7.17% during the forecast period.
Key Market Highlights
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Market value: USD 30.74 billion in 2024
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Projected to reach USD 60.82 billion by 2034
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CAGR: 7.17% (2025–2034)
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North America held the largest market share in 2024 (approx. 41%)
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Asia Pacific expected to be the fastest-growing region
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By product type, catheters accounted for about 28% revenue share in 2024
Top Interventional Radiology Companies
1. Medtronic plc
About: Medtronic is a global leader in medical technology, offering innovative therapies for various medical specialties.
Products: Advanced stents, catheters, and embolization devices for interventional radiology.
Market Cap: Approx. USD 110 billion.
2. Boston Scientific Corporation
About: Boston Scientific develops devices that improve patient outcomes across multiple therapeutic areas.
Products: Drug-eluting stents, guidewires, and embolization systems.
Market Cap: Approx. USD 90 billion.
3. Johnson & Johnson (Cordis)
About: Cordis, a part of Johnson & Johnson, focuses on cardiovascular and endovascular medical devices.
Products: Balloon catheters, vascular closure devices, and guidewires.
Market Cap: Johnson & Johnson – Approx. USD 360 billion.
4. Stryker Corporation
About: Stryker is a leading medical technology company specializing in orthopedics, surgical equipment, and neurovascular devices.
Products: Neurovascular thrombectomy devices, access systems, and clot retrieval devices.
Market Cap: Approx. USD 130 billion.
5. Siemens Healthineers
About: Siemens Healthineers delivers cutting-edge imaging and diagnostic solutions worldwide.
Products: Angiography systems, CT scanners, and hybrid OR imaging solutions.
Market Cap: Approx. USD 65 billion.
6. GE HealthCare
About: GE HealthCare is a leader in diagnostic imaging, ultrasound, and interventional solutions.
Products: Angio suites, fluoroscopy systems, and hybrid imaging systems.
Market Cap: Approx. USD 33 billion.
7. Philips Healthcare
About: Philips Healthcare focuses on integrated diagnostic and therapeutic imaging solutions.
Products: Image-guided therapy systems, angiography, and interventional ultrasound.
Market Cap: Approx. USD 27 billion.
8. Cook Medical
About: Cook Medical specializes in minimally invasive medical device solutions.
Products: Catheters, embolization coils, and drainage products.
Market Cap: Private company (estimated revenue over USD 2 billion annually).
9. Terumo Corporation
About: Terumo is a Japanese multinational known for cardiovascular and medical device innovations.
Products: Embolization systems, microcatheters, and guidewires.
Market Cap: Approx. USD 20 billion.
10. Becton, Dickinson and Company (BD)
About: BD is a global medical technology company serving healthcare institutions worldwide.
Products: Biopsy needles, vascular access devices, and drainage catheters.
Market Cap: Approx. USD 70 billion.
11. Abbott Laboratories
About: Abbott focuses on diagnostics, medical devices, nutritionals, and branded generics.
Products: Vascular closure devices, imaging catheters, and balloon catheters.
Market Cap: Approx. USD 180 billion.
12. Merit Medical Systems, Inc.
About: Merit Medical specializes in disposable devices for diagnostic and interventional procedures.
Products: Guidewires, hemostasis valves, and drainage catheters.
Market Cap: Approx. USD 5 billion.
13. AngioDynamics, Inc.
About: AngioDynamics provides devices for minimally invasive medical treatments.
Products: Angiographic catheters, thrombectomy systems, and ablation devices.
Market Cap: Approx. USD 0.4 billion.
14. Penumbra, Inc.
About: Penumbra develops medical devices for neuro and vascular interventions.
Products: Aspiration systems, thrombectomy devices, and embolization coils.
Market Cap: Approx. USD 8 billion.
15. Canon Medical Systems Corporation
About: Canon Medical offers imaging solutions for diagnostic and interventional radiology.
Products: CT, MRI, and angiography systems.
Market Cap: Parent company Canon Inc. – Approx. USD 24 billion.
16. Ziehm Imaging GmbH
About: Ziehm Imaging is known for mobile C-arm technology for interventional procedures.
Products: Mobile C-arms, hybrid OR imaging systems.
Market Cap: Private company.
17. Shimadzu Corporation
About: Shimadzu delivers imaging and analytical instrumentation solutions.
Products: Angiography systems, X-ray imaging, and fluoroscopy.
Market Cap: Approx. USD 4 billion.
18. BTG International (Boston Scientific)
About: BTG International specializes in products for oncology and vascular conditions.
Products: Embolization therapies, catheter systems, and drug-device combinations.
Market Cap: Acquired by Boston Scientific in 2019.
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Frequently Asked Questions (FAQs)
1. What is interventional radiology?
Interventional radiology is a medical specialty that uses minimally invasive imaging-guided procedures to diagnose and treat various conditions.
2. Which region dominates the interventional radiology market?
North America currently leads the market, contributing about 41% of the global revenue in 2024.
3. What is driving the growth of the interventional radiology market?
The market is driven by rising demand for minimally invasive procedures, advancements in imaging technology, and an increasing burden of chronic diseases.
4. Which product segment holds the largest share?
Catheters lead the market, accounting for about 28% of revenue in 2024.
5. What is the market outlook for the next decade?
The market is expected to grow at a CAGR of 7.17%, reaching around USD 60.82 billion by 2034.
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