Interventional Oncology Market Size, Share, Growth Analysis, By Product(Embolization Devices, Ablation Devices, and Support Devices), By Cancer Type(Liver Cancer, Kidney Cancer, Breast Cancer, Lung Cancer), By End-User(Hospitals, Ambulatory surgical centres, Specialty clinics, Others), By Procedure(Transcatheter Arterial Radioembolization/Selective Internal Radiation Therapy (TARE/SIRT), Transcatheter Arterial Chemoembolization (TACE), Thermal Tumor Ablation, and Transcatheter Arterial Embolization/Bland Embolization (TAE)), By End User(Hospitals, ambulatory surgery centers, and research & academic institutes), By Region - Industry Forecast 2024-2031

Global 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).

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.