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report thumbnailU.S. Interventional Oncology Market

U.S. Interventional Oncology Market Is Set To Reach 6,568.4 USD Million By 2032, Growing At A CAGR Of 8%

U.S. Interventional Oncology Market by Type (Radiation Therapy, Ablation Devices {Microwave Ablation, Radiofrequency Ablation, Cryoablation, Others}, Particle Embolization Devices {Microcatheters, Guidewires}), by Cancer Type (Lung Cancer, Liver Cancer, Kidney Cancer, Others), by End-user (Hospitals, Specialty Clinics, Others), by Forecast 2024-2032

Jul 11 2024
Base Year: 2023
150 Pages
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U.S. Interventional Oncology Market Is Set To Reach 6,568.4 USD Million By 2032, Growing At A CAGR Of 8%

Key Insights

The U.S. interventional oncology market is expected to reach USD 8.5 billion by 2028, growing at a CAGR of 7.8% from 2021 to 2028. The increasing prevalence of cancer, advancements in interventional oncology techniques, and a growing preference for minimally invasive procedures drive this growth. The rising prevalence of cancer, technological advancements, and increasing awareness of interventional oncology procedures drive market growth. Interventional oncology procedures comprise diagnosis and treatment of cancer with the help of minimally invasive procedures that are conducted under image guidance. The process utilizes equipment such as x-ray, ultrasound, computed tomography, or magnetic resonance imaging for guidance purposes. The interventional oncology procedures, the cancer is targeted and destroyed using image guidance for planning and execution. Such procedures are carried out in a state of the art oncology Cath Lab or under CT/USG guidance. The procedures are carried out using guide accessories and instruments, including ablation electrodes, guidewires, biopsy needles, and intravascular catheters that enable the treatment of a tumour situated in remote parts of the body. The rapidly growing field of interventional oncology has become a pillar of cancer care, along with medical, surgical and radiation oncology. The interventional oncology program uses targeted, minimally invasive procedures performed with the help of image guidance to diagnose, treat and/or relieve the symptoms of cancer. 

U.S. Interventional Oncology Market Research Report - Market Size, Growth & Forecast

U.S. Interventional Oncology Trends

  • Advancements in imaging techniques allow for more accurate diagnosis and treatment planning.
  • Minimally invasive procedures with reduced recovery times and improved patient outcomes.
  • Growing investment in research and development for innovative technologies and treatment modalities.

Driving Forces: What's Propelling the U.S. Interventional Oncology Market

  • Rising prevalence of cancer, particularly lung, liver, and kidney cancer.
  • Increasing adoption of personalized and targeted therapies.
  • Growing demand for minimally invasive procedures with shorter recovery times.
  • Expanding reimbursement coverage for interventional oncology procedures.

Challenges and Restraints in U.S. Interventional Oncology Market

  • Limited availability of trained professionals skilled in interventional oncology.
  • High costs associated with equipment and procedures.
  • Concerns about potential complications and side effects of interventional oncology procedures.

Emerging Trends in U.S. Interventional Oncology

  • Development of novel ablative devices with improved precision and efficiency.
  • Integration of artificial intelligence (AI) and robotics for enhanced treatment planning and execution.
  • Personalized treatment approaches based on individual tumor characteristics.

Growth Catalysts in U.S. Interventional Oncology Industry

U.S. Interventional Oncology Market Growth
  • Government support for research and development initiatives.
  • Increasing collaborations between healthcare providers, industry, and academia.
  • Growing awareness of interventional oncology techniques among patients and healthcare professionals.

Market Segmentation: U.S. Interventional Oncology Analysis

Type

  • Radiation Therapy
  • Ablation Devices (Microwave Ablation, Radiofrequency Ablation, Cryoablation, Others)
  • Particle Embolization Devices (Microcatheters and Guidewires)

Cancer Type

  • Lung Cancer
  • Liver Cancer
  • Kidney Cancer
  • Others

End-user

  • Hospitals
  • Specialty Clinics
  • Others

Leading Players in the U.S. Interventional Oncology Market

  • Boston Scientific Corporation 
  • BD 
  • AngioDynamics 
  • Merit Medical Systems 
  • Hologic, Inc. 
  • Siemens Healthcare GmbH 
  • Teleflex Incorporated 
  • Terumo Corporation 

Significant developments in U.S. Interventional Oncology Sector

  • August 2023: Boston Scientific Corporation received approval from the U.S. FDA for a cryoablation system known as POLARx.
  • September 2022: Fluidx Medical Technology, Inc. completed trial registration for its GPX embolization device.
  • September 2022: Stryker announced that its OptaBlate bone tumor ablation system (OptaBlate) received 510(k) clearance from the U.S. FDA.

Comprehensive Coverage U.S. Interventional Oncology Market Report

This report provides an in-depth analysis of the U.S. Interventional Oncology market, including:

  • Market size and growth estimates
  • Industry trends and developments
  • Market segmentation and competitive landscape
  • Key players and their strategies
  • Comprehensive data and insights

Regional Insight

U.S. Interventional Oncology Market Regional Share
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

DROCT

  • Drivers
  • Restraints
  • Opportunities
  • Challenges
  • Threats

Pricing Analysis

  • Pricing trends
  • Price comparison analysis
  • Competitive pricing strategies

Import And Export Analysis

  • Import and export volumes
  • Trade dynamics
  • Major trading partners

Segmentation

  • By type
  • By application
  • By region

Patent/Trademark Analysis

  • Patent landscape
  • Trademark overview
  • Key patents and trademarks

U.S. Interventional Oncology Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 7.8%% from 2018-2032
Segmentation
    • By Type
      • Radiation Therapy
      • Ablation Devices {Microwave Ablation
      • Radiofrequency Ablation
      • Cryoablation
      • Others}
      • Particle Embolization Devices {Microcatheters
      • Guidewires}
    • By Cancer Type
      • Lung Cancer
      • Liver Cancer
      • Kidney Cancer
      • Others
    • By End-user
      • Hospitals
      • Specialty Clinics
      • Others
  • By Geography

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Growing Cancer Population to Boost the Demand for Minimally Invasive Procedures
        • 3.2.2 Driving Market Growth
      • 3.3. Market Restrains
        • 3.3.1. High Cost of Procedures May Hinder Market Growth
      • 3.4. Market Trends
        • 3.4.1. Growing Adoption of Radioembolization for the Oncology Treatment
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. U.S. Interventional Oncology Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Type
      • 5.1.1. Radiation Therapy
      • 5.1.2. Ablation Devices {Microwave Ablation
      • 5.1.3. Radiofrequency Ablation
      • 5.1.4. Cryoablation
      • 5.1.5. Others}
      • 5.1.6. Particle Embolization Devices {Microcatheters
      • 5.1.7. Guidewires}
    • 5.2. Market Analysis, Insights and Forecast - by Cancer Type
      • 5.2.1. Lung Cancer
      • 5.2.2. Liver Cancer
      • 5.2.3. Kidney Cancer
      • 5.2.4. Others
    • 5.3. Market Analysis, Insights and Forecast - by End-user
      • 5.3.1. Hospitals
      • 5.3.2. Specialty Clinics
      • 5.3.3. Others
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1.
  6. 6. Northeast U.S. Interventional Oncology Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Type
        • 6.1.1 Radiation Therapy
        • 6.1.2 Ablation Devices (Microwave Ablation
        • 6.1.3 Radiofrequency Ablation
        • 6.1.4 Cryoablation
        • 6.1.5 and Others)
        • 6.1.6 and Particle Embolization Devices (Microcatheters and Guidewires)
      • 6.2. Market Analysis, Insights and Forecast - By Cancer Type
        • 6.2.1 Lung Cancer
        • 6.2.2 Liver Cancer
        • 6.2.3 Kidney Cancer
        • 6.2.4 and Others
      • 6.3. Market Analysis, Insights and Forecast - By End-user
        • 6.3.1 Hospitals
        • 6.3.2 Specialty Clinics
        • 6.3.3 and Others
  7. 7. Southeast U.S. Interventional Oncology Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Type
        • 7.1.1 Radiation Therapy
        • 7.1.2 Ablation Devices (Microwave Ablation
        • 7.1.3 Radiofrequency Ablation
        • 7.1.4 Cryoablation
        • 7.1.5 and Others)
        • 7.1.6 and Particle Embolization Devices (Microcatheters and Guidewires)
      • 7.2. Market Analysis, Insights and Forecast - By Cancer Type
        • 7.2.1 Lung Cancer
        • 7.2.2 Liver Cancer
        • 7.2.3 Kidney Cancer
        • 7.2.4 and Others
      • 7.3. Market Analysis, Insights and Forecast - By End-user
        • 7.3.1 Hospitals
        • 7.3.2 Specialty Clinics
        • 7.3.3 and Others
  8. 8. Midwest U.S. Interventional Oncology Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Type
        • 8.1.1 Radiation Therapy
        • 8.1.2 Ablation Devices (Microwave Ablation
        • 8.1.3 Radiofrequency Ablation
        • 8.1.4 Cryoablation
        • 8.1.5 and Others)
        • 8.1.6 and Particle Embolization Devices (Microcatheters and Guidewires)
      • 8.2. Market Analysis, Insights and Forecast - By Cancer Type
        • 8.2.1 Lung Cancer
        • 8.2.2 Liver Cancer
        • 8.2.3 Kidney Cancer
        • 8.2.4 and Others
      • 8.3. Market Analysis, Insights and Forecast - By End-user
        • 8.3.1 Hospitals
        • 8.3.2 Specialty Clinics
        • 8.3.3 and Others
  9. 9. Southwest U.S. Interventional Oncology Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Type
        • 9.1.1 Radiation Therapy
        • 9.1.2 Ablation Devices (Microwave Ablation
        • 9.1.3 Radiofrequency Ablation
        • 9.1.4 Cryoablation
        • 9.1.5 and Others)
        • 9.1.6 and Particle Embolization Devices (Microcatheters and Guidewires)
      • 9.2. Market Analysis, Insights and Forecast - By Cancer Type
        • 9.2.1 Lung Cancer
        • 9.2.2 Liver Cancer
        • 9.2.3 Kidney Cancer
        • 9.2.4 and Others
      • 9.3. Market Analysis, Insights and Forecast - By End-user
        • 9.3.1 Hospitals
        • 9.3.2 Specialty Clinics
        • 9.3.3 and Others
  10. 10. West U.S. Interventional Oncology Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Type
        • 10.1.1 Radiation Therapy
        • 10.1.2 Ablation Devices (Microwave Ablation
        • 10.1.3 Radiofrequency Ablation
        • 10.1.4 Cryoablation
        • 10.1.5 and Others)
        • 10.1.6 and Particle Embolization Devices (Microcatheters and Guidewires)
      • 10.2. Market Analysis, Insights and Forecast - By Cancer Type
        • 10.2.1 Lung Cancer
        • 10.2.2 Liver Cancer
        • 10.2.3 Kidney Cancer
        • 10.2.4 and Others
      • 10.3. Market Analysis, Insights and Forecast - By End-user
        • 10.3.1 Hospitals
        • 10.3.2 Specialty Clinics
        • 10.3.3 and Others
  11. 11. Competitive Analysis
    • 11.1. Market Share Analysis 2023
      • 11.2. Company Profiles
        • 11.2.1 Boston Scientific Corporation (U.S.)
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 BD (U.S.)
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 AngioDynamics (U.S.)
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 Merit Medical Systems (U.S.)
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Hologic Inc. (U.S.)
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 Siemens Healthcare GmbH (Germany)
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 Teleflex Incorporated (U.S.)
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 Terumo Corporation (Japan)
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: U.S. Interventional Oncology Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
  2. Figure 2: U.S. Interventional Oncology Market Value Share (%), by Type 2023 & 2031
  3. Figure 3: U.S. Interventional Oncology Market Value Share (%), by Cancer Type 2023 & 2031
  4. Figure 4: U.S. Interventional Oncology Market Value Share (%), by End-user 2023 & 2031
  5. Figure 5: U.S. Interventional Oncology Market Share (%) by Company 2023
List of Tables
  1. Table 1: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Type 2018 & 2031
  2. Table 2: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Cancer Type 2018 & 2031
  3. Table 3: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  4. Table 4: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Region 2018 & 2031
  5. Table 5: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Type 2018 & 2031
  6. Table 6: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Cancer Type 2018 & 2031
  7. Table 7: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  8. Table 8: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Region 2018 & 2031
  9. Table 9: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Type 2018 & 2031
  10. Table 10: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Cancer Type 2018 & 2031
  11. Table 11: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  12. Table 12: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Country 2018 & 2031
  13. Table 13: Northeast U.S. Interventional Oncology Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  14. Table 14: Southeast U.S. Interventional Oncology Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  15. Table 15: Midwest U.S. Interventional Oncology Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  16. Table 16: Southwest U.S. Interventional Oncology Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  17. Table 17: West U.S. Interventional Oncology Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  18. Table 18: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Type 2018 & 2031
  19. Table 19: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Cancer Type 2018 & 2031
  20. Table 20: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by End-user 2018 & 2031
  21. Table 21: U.S. Interventional Oncology Market Revenue USD Billion Forecast, by Country 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 7.8%% from 2018-2032
Segmentation
    • By Type
      • Radiation Therapy
      • Ablation Devices {Microwave Ablation
      • Radiofrequency Ablation
      • Cryoablation
      • Others}
      • Particle Embolization Devices {Microcatheters
      • Guidewires}
    • By Cancer Type
      • Lung Cancer
      • Liver Cancer
      • Kidney Cancer
      • Others
    • By End-user
      • Hospitals
      • Specialty Clinics
      • Others
  • By Geography

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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