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Interventional Oncology Devices Market - A Global and Regional Analysis

Focus on Cancer Type, Product Type, End Users, and Country-Wise Analysis - Analysis and Forecast, 2021-2030

 
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The global interventional oncology devices market report highlights that the market was valued at $2,429.2 million in 2020 and is expected to reach $7,861.1 million by the end of 2030. The market is expected to grow at a CAGR of 12.35% during the forecast period from 2021 to 2030.
The top market players are AngioDynamics, Inc., Becton, Dickinson and Company, Boston Scientific Corporation, Eckert & Ziegler BEBIG AG, HealthTronics, Inc., IceCure Medical Ltd, Johnson & Johnson, Medtronic plc, MedWaves, Inc., Merit Medical Systems, Inc., Sanarus Technologies, Inc., Sonablate Corp, Terumo Corporation, Trod Medical, Varian Medical Systems, Inc.
Factors driving the growth of the global interventional oncology devices market are high prevalence and growing incidences of cancer, favorable reimbursement scenario for interventional oncology treatment in developed economies, expanding role of interventional oncology in the treatment of cancer, and availability of private and government funding and grants for research in the field of interventional oncology.
Some of the main challenges restricting the growth of the global interventional oncology devices market are financial burden of product recalls, lack of clinical evidence for locoregional treatments, and dearth of trained interventional oncologists.
The potential opportunities that are likely to boost the growth of the global interventional oncology devices market are high growth opportunity in the emerging economies, and emergence of local companies in Asia-Pacific and the Middle East and Africa.
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