Global Ablation Technology Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR 11.7% during forecast period.
Global Ablation Technology Market Overview:
Ablation technology is the process used for the surgical excision of body tissues. It is gaining popularity as it is gaining popularity across the globe since they are used in minimally invasive ablation procedures. Ablation devices are used in the process of ablation, for instance, kidney stone, cancer tumors, thyroid and others are removed with the help of ablators.
Global Ablation Technology Market Dynamics:
Increasing adoption of minimally invasive procedures is the major factor driving the market growth.
The increasing number of cancer and cardiac arrest cases, growing geriatric population, and shift towards minimal and non-invasive procedures are expected to accelerate the growth of the ablation technology market during the forecast period. According to International Agency for Research on Cancer (IARC), 9.5 million deaths due to cancer and 17 million new cancer cases were recorded in 2018 globally. Additionally, the cancer cases are expected to reach 27.5 million with 16.3 million cancer deaths by the year 2040. Along with this, increasing incidences of cosmetic surgery and pain management cases are leading to the growth of the market. Advantages associated with minimally invasive procedures like lower post-procedural risks, shorter recovery time, and hospital stays add up to the market growth. However, the high cost associated with these technologies, lack of advanced and innovative technologies to treat cancer, and risk associated with ablation procedures may hamper the market growth.
The report has profiled sixteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Ablation Technology Market Segment Analysis:
The global Ablation Technology market is segmented on the basis of technology, application and end-users.
Based on Technology, Radiofrequency ablation technology dominated the global market by holding a market share of 20.35% in the year 2019. Radiofrequency ablation (RFA) is a medical procedure, which uses thermal energy to accomplish targeted tissue destruction. RFA technology is used to treat a wide range of medical conditions. It is used in the treatment of tumour spots, to treat patients suffering from the adrenal glands, breast, bone, kidney, liver, lung, pancreatic, and thyroid cancer. This technology has also gained a lot of attention in the field of dermatology to treat skin lesions, freckles, acne, and skin tags. All these advantages of the RFA technology help in boosting the market growth.
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Global Ablation Technology Market Regional Insights:
Global Ablation Technology Market
North America is expected to hold significant market share during forecast years.
Based on the geographical analysis, North America is anticipated to dominate the market growth owing to the high prevalence of cancer, increasing technological advancements, high purchasing power, and government support for quality healthcare. According to the American Cancer Society, in 2019, around 1,762,450 people were diagnosed with cancer in the US.
Asia Pacific is expected to grow at a faster pace during forecast years.
APAC is expected to witness lucrative growth due to the presence of factors such as increasing awareness for cardiac disease, growing healthcare industries, and the development of various treatment methods for gynecology and cosmetology drives the market in this region. Also, On-going technological advances and R&D activities in the region will create potential opportunities for growth.
The report also helps in understanding Global Ablation Technology Market dynamics, structure by analyzing the market segments and project the Global Ablation Technology Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Ablation Technology Market make the report investor’s guide.
Global Ablation Technology Market, Key Developments:
• In July 2017, Cosman Medical Inc., a manufacturer of RF ablation systems, was acquired by Boston Scientific Corporation. This acquisition will help in expanding Boston Scientific’s portfolio with systems like Deep Brain Stimulation Systems and Spinal Cord Stimulator.
• In November 2016, HAT500 radiofrequency ablation system in Europe was launched by OSYPKA AG. This radiofrequency ablation system is used for the treatment of ventricular tachycardia.
Global Ablation Technology Market Scope: Inquire before buying
Global Ablation Technology Market, by Region:
• North America
• Europe
• South America
• MEA
• APAC
Global Ablation Technology Market, Key Players:
• Medtronic, Inc.
• Biosense Webster, Inc.
• St. Jude Medical, Inc.
• Boston Scientific Corporation
• CONMED Corporation
• AngioDynamics, Inc.
• AtriCure, Inc.
• Smith & Nephew plc
• Olympus Corporation
• Advanced Cardiac Therapeutics
• CardioFocus
• Biotronik
• Auris Health, Inc.
• Stereotaxis,Inc
• Abbott Laboratories
• Elekta AB
• Galil Medical Inc
• PT Medical
• CardioFocus
• Edwards Lifesciences Corporation
• Imricor
• Japan Lifeline Co., Ltd.
• OSYPKA MEDICAL
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