What is the global market size of Interventional Oncology Market?

Interventional Oncology Market size was valued at USD 2.17 billion in 2022 and is poised to grow from USD 2.31 billion in 2023 to USD 3.92 billion by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).

Interventional Oncology Market Size

Interventional Oncology Market Insights

Global Interventional Oncology Market size was valued at USD 2.75 billion in 2023 and is poised to grow from USD 3.0 billion in 2024 to USD 6.02 billion by 2032, growing at a CAGR of 9.1% during the forecast period (2025-2032).

Treatment and diagnosis of cancer using minimally invasive techniques and image guidance are included in interventional oncology procedures. Equipment including computed tomography, ultrasonography, magnetic resonance imaging, and x-rays are used in the process to provide guidance. Image guidance is used for planning and executing interventional oncology operations, which target and destroy cancer. These treatments are performed under the supervision of CT/USG or in a cutting-edge oncology cath lab. Targeting tumors located in distant areas of the body is made possible using guide accessories and instruments, such as intravascular catheters, biopsy needles, ablation electrodes, and guidewires.

Together with radiation, surgery, and medicine oncology, the quickly expanding discipline of interventional oncology has emerged as a key component of cancer care. To diagnose, treat, and/or alleviate cancer symptoms, the interventional oncology program employs focused, minimally invasive treatments carried out with the aid of image guidance. To minimize the necessity for invasive operations, cancer patients are referred to interventional oncologists for the integration of minimally invasive treatment. As part of their diagnostic practice, interventional oncologists can also execute endoscopies and colonoscopies. Cancers such as liver, kidney, lung, bone, prostate, breast, and pancreatic cancers, as well as those that have metastasized, are treated using interventional oncology.

US Interventional Oncology Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

Interventional Oncology Market size was valued at USD 2.31 Billion in 2023 and is poised to grow from USD 2.47 Billion in 2024 to USD 4.19 Billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).

The competitive landscape of the global interventional oncology market is characterized by a mix of established players and emerging companies focusing on innovation and technological advancements. Key players include Medtronic, Boston Scientific, Siemens Healthineers, and Terumo Corporation, all of which are actively developing advanced devices and therapies. These companies emphasize collaborations and strategic partnerships to enhance their product portfolios and improve patient outcomes, driving competition and fostering continuous improvement in interventional oncology solutions worldwide. 'Boston Scientific Corporation (US)', 'Medtronic plc (Ireland)', 'Johnson & Johnson (US)', 'Terumo Corporation (Japan)', 'Merit Medical Systems, Inc. (US)', 'Teleflex, Inc. (US)', 'AngioDynamics, Inc. (US)', 'Becton, Dickinson and Company (US)', 'Healthtronics, Inc. (US)', 'Trod Medical (US)', 'Sanarus Technologies, Inc. (US)', 'Imbiotechnologies Ltd. (UK)', 'Medwaves, Inc. (US)', 'IceCure Medical (Israel)', 'Cook Medical (US)', 'Profound Medical Corp. (Canada)', 'Sirtex Medical (Australia)', 'Baylis Medical Company, Inc. (Canada)', 'Accuray (US)', 'Alpinion Medical Systems (South Korea)'

The increasing prevalence of cancer globally is a significant driver of the interventional oncology market. With a growing aging population and lifestyle-related risk factors, the demand for effective cancer treatment options is escalating. This trend prompts healthcare providers to adopt innovative interventional procedures, enhancing patient outcomes and survival rates.

There is a significant trend toward minimally invasive interventional oncology techniques, driven by their ability to reduce recovery times and complications. Patients and healthcare providers increasingly favor these approaches, leading to the development and integration of advanced technologies that enhance precision and effectiveness in cancer treatment.

North America dominates the global interventional oncology market share due to a combination of advanced healthcare infrastructure, high levels of investment in research and development, and a strong presence of key market players. The region benefits from a growing number of cancer cases, which drives demand for innovative treatment options. Additionally, robust reimbursement policies and the adoption of minimally invasive techniques have contributed to increased procedure volumes. The presence of leading hospitals and specialized oncology centers facilitates cutting-edge treatments, further enhancing patient access. Furthermore, ongoing collaborations between healthcare providers and technology developers are accelerating advancements, solidifying North America's leadership in interventional oncology.