Middle East and Africa
Interventional Oncology Market Overview:
The Middle
East and Africa (MEA) interventional oncology market was valued at USD 88.4 million
in 2018 and is predicted to grow at a CAGR of around 6.60% over the next few
years to reach USD 136.1 million by the end of 2025.
Interventional
oncology is a branch of medical science that deals with minimally invasive
medical procedures performed by interventional radiologists for the diagnosis,
treatment and palliation of different types of cancer. In interventional
oncology procedures, various image-guided techniques, such as computed
tomography, fluoroscopy, and ultrasound, are used to diagnose and treat the
specific site affected by pain or cancer. They offer advantages like faster
recovery, shorter hospital stays, minimal side effects, and more accurate and
precise treatment compared to other conventional procedures.
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Oncology Market Research Report @ https://www.researchcosmos.com/reports/middle-east-and-africa-interventional-oncology-market/80587762
Drivers and Restraints:
The Middle
East and Africa market for interventional oncology is growing mainly due to the
high prevalence and the increase in cancer incidence rates throughout the
region. Cancer is one of the leading causes of death in the world after
cardiovascular disease. According to the World Health Organization (WHO),
cancer is responsible for 8.3 million deaths each year and it is expected that
70% of new cases of cancer will be reported in the next 20 years. It is
expected that the growing cancer population will be one of the main drivers of
the market. In addition, it is estimated that the benefits of this procedure
like minimally invasive surgical procedures, technological advances in
interventional oncology, increased public funds allocated to oncological
procedures, etc., will spur the demand in the MEA region.
The
embolization procedure is the most recommended worldwide due to the benefits
associated with the procedure, followed by the ablation procedure. Radiotherapy
is a technique widely used in interventional oncology. The embolization segment
is expected to be a significant market share by the end of 2025 and is expected
to grow rapidly during the forecast period.
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Geographical Analysis:
It is
expected that the interventional oncology market in the MEA region will
experience a moderate CAGR during the prognosis period due to the high
prevalence of cancer in highly populated countries, the rapid evolution of
health systems, various government initiatives aimed at improving general
medical care and improve per capita spending on medical care. In addition, it
is expected that the increased investment of the leading companies in the
region will contribute to the growth of the MEA market during the forecast
period.
Key players operating in Middle
East and Africa Interventional Oncology Market include Boston Scientific Corporation,
Medtronic plc, Terumo Corporation, BTG plc, AngioDynamics, Inc., Ethicon, Inc.
(Johnson & Johnson), Merit Medical Systems, Inc., Sirtex Medical Limited,
Siemens Healthineers, Eckert & Ziegler BEBIG, Varian Medical Systems, Inc.,
and HealthTronics, Inc.
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