Skip to main content

Growing Demand for Interventional Oncology Devices to Boost the Growth of Interventional Oncology Devices Market

 

North America currently holds the largest market share in terms of revenue generation. North America interventional oncology devices market was valuedat$965.90million in 2018. High prevalence of cancer, growing geriatric population, and high reimbursement rates are the prominent factors propelling the growth of the North America interventional oncology devices market. However, the market for interventional oncology devices market in Asia-Pacific is anticipated to witness the highest growth rate during the forecast period. The massive demand for interventional oncology devices, large geriatric population base, demand for minimally invasive and non-invasive surgical procedures, and high prevalence rates of cancer, is the leading contributor to the growth of the Asia-Pacific interventional oncology devices market.

The interventional oncology devices market in economies such as Japan, China, India, and South Korea, among others possesses significant scope for the expansion of operations by key players of the interventional oncology industry. The countries mentioned above witnessed high incidence of cancer, and the rise of the massive demand for interventional oncology devices is bolstered by the large proportion of the geriatric population of the respective economies. However, the lack of favourable reimbursement policies is hampering the growth of the interventional oncology devices market.

The strategies followed by various prominent companies, to sustain in the competition and expand their market share, have been varying from product launch to acquisitions. The market witnessed two business expansions, fourteen product launches, seven significant acquisitions and mergers, three collaborations, joint ventures, and partnerships, and two awards and recognitions. The key contributors to the global interventional oncology devices market have been launching innovative products and have been involved in mergers and acquisitions to sustain in the intensely competitive market. In correlation with the high prevalence of cancer, North America is currently the largest shareholder, in terms of revenue generation.

 

Labels:

Comments

Post a Comment

Popular posts from this blog

Understanding How the Human Centric Lighting Market is Segmented

Lighting plays a significant role in the lives of people, it has the potential to bring about positive changes in people’s behaviour. In the year 1989, a research was carried out and it proved that natural daylight can trigger the production of melatonin and serotonin, two of the most important hormones in the human body. These two hormones are responsible for inducing peaceful sleep and happiness in people. This led to the research and development in the field of human centric lighting (HCL). According to a report published by the BIS Research , the HCL market is expected to grow at a CAGR of 37.2% and 35.2% both in terms of volume and value during the forecast period (2018 – 2024). The HCL is segmented by the component, end-user and by region. Request the Sample: Human Centric Lighting Market The human centric lighting market can be further segmented by component, type, end-users, and region. The components or the controls are further segmented as microprocessors & microco...
Post a Comment
Read more

Global Surgical Robotics Market: Analysis and Forecast, 2018-2025

Global Surgical Robotics Market: Focus on Products and Services (Surgical Systems, Instruments & Accessories, and Services & Maintenance), Applications, End Users, and Competitive Landscape: Analysis and Forecast, 2018-2025. Rising incidences of colorectal cancer, neurological disorders, interventional cardiology disorders and gynecological diseases, growing geriatric population, and active participation of the government and the industry players in the technological advancement in the field of computer assisted robotic surgeries have boosted the overall growth of this market. Another factor which significantly contributes to the revenue generation of a company is the recurring sale of equipment and accessories of a surgical system. The surgical robotics vendors generate revenue through one time sale of the surgical system and generate the recurring  revenue from the sale of equipment and accessory products and maintenance services used in the surgical system. A...
1 comment
Read more

Liquid Biopsy, North America, and Lung Cancer Occupying a Major Share in the Market

  Owing to the market availability of large number of liquid biopsy technologies, the liquid biopsy segment currently accounts for a dominating share in the global minimally invasive biopsy technologies market . However, the market growth in the segment can be attributed to the increasing demand for liquid biopsy and the strong product pipeline. For instance, CNI Second Opinion by Chronix Biomedical is presently under development and is expected to get launched during the forecast period 2019-2030. Owing to a widespread market presence of leading players and the huge prevalence of cancer, North America presently holds a major share in the global minimally invasive biopsy technologies market. According to the World Cancer Research Fund (WCRF), with an estimated 2 million cases in 2018, lung cancer is the most commonly occurring cancer in men and third-most commonly occurring cancer in women. Due to the widespread presence of cancer, the manufacturers including Biocept, Inc., Chron...
Post a Comment
Read more