Global Ablation Technology Market, By Product (Radiofrequency, Hydrothermal Ablators, Microwave Ablators, Cryoablation Devices, Electrical Ablators, Ultrasound Ablators, Laser/Light Ablators), Type (Radiofrequency Ablation, Laser or Light Ablation, Ultrasound Ablation, Electrical Ablation, Cryoablation, Microwave Ablation, Hydrothermal Ablation), Application (Cardiovascular Disease, Ophthalmologic Disease, Pain Management, Gynecological Treatment, Urological Treatment, Orthopedic Treatment, Cosmetic and Aesthetic Surgery, Other), End User (Hospitals and Surgical Centers, Oncology Centers, Clinics, Community Healthcare, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Ablation Technology Market
The ablation technology market is expected to witness market growth at a rate of 11.20% in the forecast period of 2022 to 2029. Data Bridge Market Research report on ablation technology market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the healthcare sector globally is escalating the growth of ablation technology market.
The term ablation usually is defined as the removal of a part of biological tissue by surgery. The devices used in the process provide a minimally invasive alternative to traditional surgical treatment of prostate, lung cancers, liver and kidney.
The technological advancements in the healthcare sector across the globe acts as one of the major factors driving the growth of ablation technology market. The rise in the inclination towards minimally invasive procedures over traditional treatment procedures because of the various advantages offered by these procedures including shorter hospitalization, less pain, more cosmetic incisions, quicker recovery, reduced post-operative care, lower risk of infection, and smaller and more cosmetic incisions accelerate the market growth. The development of non-thermal, non-tumescent and non-sclerosant endovenous ablation devices, and increase in the prevalence of life-threatening diseases, such as atrial fibrillation, chronic venous insufficiency (CVI) and cancer further influence the market. Additionally, technological advancements in the medical devices, improvements in the medical industry, and growth in awareness about the benefits of minimally invasive procedures positively affects the ablation technology market. Furthermore, development of next-generation ablation devices with robotic navigation systems extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, high cost associated with the treatment and availability of effective conventional first-level therapies for the treatment are expected to obstruct the market growth. The presence of stringent regulations and limited reimbursement are projected to challenge the ablation technology market in the forecast period of 2022-2029.
This ablation technology market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 technology 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 Technology Market Scope and Market Size
The ablation technology market is segmented on the basis of product, type, application and end user. The growth amongst these segments will help you analyze 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 technology market is segmented into radiofrequency, hydrothermal ablators, microwave ablators, cryoablation devices, electrical ablators, ultrasound ablators and laser/light ablators. Laser/light ablators is further segmented into excimer laser ablators and cold laser ablators. Radiofrequency ablators are further sub-segmented into temperature-controlled radiofrequency ablators, fluid-cooled radiofrequency ablators and robotic catheter manipulation systems. Ultrasound ablators are further sub-segmented into ultrasonic surgical ablation systems, high-intensity focused ultrasound (HIFU) ablators, extracorporeal shockwave lithotripsy (ESWL) systems and magnetic resonance-guided focused ultrasound (MRGFUS) ablators. Electrical ablators are sub-segmented into argon plasma or beam coagulators and irreversible electroporation ablators. Cryoablation devices are further sub-segmented into tissue contact probes, tissue spray probes and epidermal and subcutaneous cryoablation devices. Microwave ablators are further sub-segmented into microwave thermotherapy devices. Hydrothermal ablators are sub-segmented into endometrial hydrothermal balloon ablation devices.
- On the basis of type, the ablation technology market is segmented into radiofrequency ablation, laser or light ablation, ultrasound ablation, electrical ablation, cryoablation, microwave ablation and hydrothermal ablation.
- On the basis of application, the ablation technology market is segmented into cardiovascular disease, ophthalmologic disease, pain management, gynaecological treatment, urological treatment, orthopaedic treatment, cosmetic and aesthetic surgery and other. Cancer treatment is further segmented into liver cancer, kidney cancer, prostate cancer, lung cancer bone metastasis and breast cancer.
- On the basis of end user, the ablation technology market is segmented into hospitals and surgical centers, oncology centers, clinics, community healthcare and others.
Ablation Technology Market Country Level Analysis
The ablation technology market is analyzed and market size insights and trends are provided by country, product, type, application and end user pas referenced above.
The countries covered in the ablation technology market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ablation technology market because of the increased awareness regarding various treatments using ablation technologies within the region. Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in investments in the region.
The country section of the 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 technology 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 ablation technology market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ablation technology market. The data is available for historic period 2010-2020.
Competitive Landscape and Ablation Technology Market Share Analysis
The ablation technology 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 technology market.
Some of the major players operating in the ablation technology market report are Medtronic, Biosense Webster, Inc, St. Jude Medical, Inc , Boston Scientific Corporation, Angiodynamics, Inc, Atricure, Inc., Conmed Corporation, Olympus Corporation, Smith & Nephew, Galil Medical Inc, Advanced Cardiac Therapeutics, PT Medical, Biotronik, CardioFocus, CardioFocus, Edwards Lifesciences Corporation, Estech, Auris Health, Inc., Imricor, Japan Lifeline Co., Ltd., Lepu Medical, Melys AFSM, MicroPort, OSYPKA MEDICAL, Spectranetics, and Stereotaxis,Inc among others.