Interventional radiology market slated for strong gains

The global interventional radiology market generated 12.9 billion euros in revenues in 2015 and is projected to climb at a compound annual growth rate of 5.8% to reach 21.4 billion euros by 2024, according to a new report by Transparency Market Research.

Higher demand for embolization surgeries worldwide is expected to be driven by the increasing prevalence of traumatic injuries, Transparency said. The firm noted that traumatic injuries are a serious public health issue; the National Trauma Institute in the U.S. has reported traumatic injuries account for nearly 41 million visits to emergency departments and over 2.3 million hospital admissions each year in the U.S.

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