Interventional radiology market slated for strong gains

The global interventional radiology market generated $13.8 billion in revenue in 2015, which is projected to climb at a compound annual growth rate of 5.8% to reach $22.9 billion 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 has reported that traumatic injuries account for nearly 41 million visits to emergency departments and more than 2.3 million hospital admissions each year in the U.S.

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