Advances in technology will fuel market expansion in interventional radiology markets, according to a report published by market research company Frost & Sullivan.
The San Jose, CA-based firm is projecting modest growth across all interventional radiology segments, with annual revenues climbing to $5.5 billion by 2006. The interventional CT market will continue to lead interventional radiology revenues, contributing more than $2.3 billion in 2006, according to the report, entitled World Interventional Radiology Markets.
The market is embracing interventional radiology because of benefits such as reduced patient risk, shorter recovery and hospitalization time, and significant cost savings over more invasive procedures, according to Frost & Sullivan. The company believes that the introduction of new technologies such as image fusion, 3-D imaging, and hybrid modalities will spark even higher growth rates.
By AuntMinnie.com staff writersAugust 1, 2000
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