Asia-Pacific Ablation Devices Market, By Product (Laser Ablators, Radiofrequency Ablators, Microwave Ablators, Ultrasound Ablators, Electric Ablators, Hydrothermal Ablators and Cryoablators), Technology Type (Radiofrequency Ablation, Microwave Ablation, Cryoablation, High-Intensity Focused Ultrasound, Laser Interstitial Thermal Ablation and Others), Function (Automatic and Robotic), Procedure (Tumour Ablation, Varicose Veins, Atrial Fibrillation, Aesthetics-Skin Rejuvenation and Tightening, Laser and Other Energy Based Therapies), Application (Cancer Treatment, Cosmetic Treatment, Urological Treatment, Orthopaedic Treatment, Ophthalmic Treatment, Pain Management and Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Ablation Devices Market
Data Bridge Market Research analyses that the ablation devices market will exhibit a CAGR of around 10.52% for the forecast period of 2022-2029. Rising prevalence of chronic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growth in the geriatric population base and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of ablation devices market.
Ablation devices are the devices that are particularly used in minimally invasive surgical procedures. Ablation devices are used to treat solid tumours, arrhythmias, uterine fibroids, and other medical conditions.
Upsurge in the research and development proficiencies by the life sciences industry is one of the major factors fostering the growth of the market. Growth in the demand for minimally invasive surgeries in the developing economies and rise in demand for value based care owing to the rising cost of provision of healthcare services are other market growth determinants. Rising westernization, growing in the incidences of asthma, chronic obstructive pulmonary disease (COPD) and other respiratory conditions and rising medical tourism are other important factors that will further generate lucrative market growth opportunities.
However, improper and unfavourable reimbursement scenario in the developing and underdeveloped economies will derail the market growth rate. Also, high costs associated with research and development proficiencies and unfavourable regulatory scenario and issues with reuse and reprocessing of devices will further pose challenges for the market. Dearth of skilled professionals in the backward economies will also hamper the market growth rate.
This ablation devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ablation devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ablation Devices Market Scope and Market Size
The ablation devices market is segmented on the basis of product, technology type, function, procedure and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the ablation devices market is segmented into laser ablators, radiofrequency ablators, microwave ablators, ultrasound ablators, electric ablators, hydrothermal ablators and cryoablators. Laser ablators have further been segmented into excimer laser ablators and cold laser ablators. Radiofrequency ablators have further been segmented into temperature-controlled radiofrequency ablators, fluid-cooled radiofrequency ablators and robotic catheter manipulation systems. Ultrasound ablators have further been segmented into high-intensity focused ultrasound (HIFU) ablators, magnetic resonance-guided focused ultrasound (MRGFUS) ablators, ultrasonic surgical ablation systems and extracorporeal shockwave lithotripsy (ESWL) systems. Electric ablators have further been segmented into argon plasma/beam coagulators and irreversible electroporation ablators. Hydrothermal ablators have further been segmented into endometrial hydrothermal balloon ablation devices. Microwave ablators have further been segmented into microwave thermotherapy devices. Cryoablators have further been segmented into tissue contact probes, tissue spray probes and epidermal and subcutaneous cryoablation devices.
- On the basis of technology type, the ablation devices market is segmented into radiofrequency ablation, microwave ablation, cryoablation, high-intensity focused ultrasound, laser interstitial thermal ablation and others.
- On the basis of function, the ablation devices market is segmented into automatic and robotic.
- On the basis of procedure, the ablation devices market is segmented into tumor ablation, varicose veins, atrial fibrillation and aesthetics-skin rejuvenation and tightening, laser and other energy based therapies.
- On the basis of application, the ablation devices market is segmented into cancer treatment, cosmetic treatment, urological treatment, orthopedic treatment, ophthalmic treatment, pain management and others.
Ablation Devices Market Country Level Analysis
The ablation devices market is segmented on the basis of product, technology type, function, procedure and application.
The countries covered in the ablation devices market report are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific.
China and India in Asia-Pacific region dominates the ablation devices market owing to increasing investments in the healthcare industry by key market players, and rising awareness of advanced technologies.
The country section of the ablation devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The ablation devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare information technology (IT) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ablation devices market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Ablation Devices Market Share Analysis
The ablation devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ablation devices market.
Some of the major players operating in the ablation devices market report are Varian Medical Systems, Inc., Elekta AB, Medtronic, Boston Scientific Corporation, Bausch & Lomb Incorporated, Medical Devices Business Services, Inc, Olympus Corporation, Abbott, Alcon, AngioDynamics, CONMED Corporation., among others.
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