LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global interventional oncology market report until 2021. This research report also lists 29 other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global interventional oncology market for 2017-2021 provides a detailed industry analysis based on procedure (oncology ablation and oncology embolization) and geography (the Americas, EMEA, and APAC).
“The global interventional oncology market size is projected to grow to over USD 2,450 million by 2021, at a CAGR of more than 11% over the forecast period. The growing demand for minimally invasive procedures has led to the increasing adoption of interventional oncology, thereby positively impacting the growth of the market,” says Barath Palada, a lead analyst at Technavio for orthopedics and medical devices research.
Competitive vendor landscape
The global interventional oncology market is led by Tier 1 players, who compete with medium (Tier 2), and small (Tier 3) companies to retain their market foothold. The advances in technology and new product launches through the forecast period is expected to raise the competition among the existing vendors. Global players are increasingly adopting advanced technologies to enhance their product portfolio and retain customer loyalty. Additionally, vendors are focusing on evidence-based studies to showcase the performance, efficacy, and long-term cost-effectiveness of their products to convince medical professionals to increase their adoption of these procedures.
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Top five vendors in the global interventional oncology market
Boston Scientific
Boston Scientific develops, manufactures, and markets high-quality medical devices used in the treatment of a wide range of medical conditions. Through its subsidiaries and divisions across the globe, the company improves patients' lives by providing a broad portfolio of innovative products.
BTG
BTG is a growing international healthcare business solution provider. It provides interventional medicine for cancer to improve the lives of patients and their healthcare experience. BTG offers DC Bead, LC Bead, and TheraSphere glass microspheres for embolization procedures.
Medtronic
Medtronic manufactures and sells device-based medical therapies worldwide. It also manufactures web-based therapy management software solutions. The company is expanding its operations in emerging countries to help patients access solutions and technologies to improve their standard of care.
Merit Medical
Merit Medical designs, develops, manufactures, and markets innovative medical products that offer a high level of quality, value, and safety to our customers. The products include diagnostic and interventional cardiology, interventional radiology, electrophysiology, thoracic surgery, interventional nephrology, oncology, pain management, outpatient access centers, CT, ultrasound, and interventional gastroenterology.
TERUMO CORPORATION
TERUMO CORPORATION develops, manufactures, imports, and markets medical devices, supplies, and accessories. The company engages in the development of a range of drug delivery devices, including TACE, micro balloon catheter, microcatheter and micro guidewires, and DEB for interventional oncology procedures.
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Technavio is leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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