Ablation Devices Market Current Business Trends, Growth Opportunities and Forecast, 2021 – 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-26
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Ablation Devices Market Current Business Trends, Growth Opportunities and Forecast, 2021 – 2025

The global ablation devices market growth will be driven by growing preference for minimally invasive procedures. The rising occurrence of cancer and cardiovascular disorders globally will further fuel this growth. According to the National Cancer Institute, the national cancer care expenditure in the U.S. was nearly US$147.3 billion in 2017. These numbers are likely to further increase in the forthcoming years on account of a growing geriatric population and rising number of cancer cases.

Advancing technologies have helped increase the significance and role of ablation devices to be used in the healthcare sector. Rising awareness an increase in the number of heart surgeries with an upsurge in elderly population will foster the demand for ablation devices in the forthcoming years. Evolving technology has enhanced the efficiency and reliability of these ablation devices that are used in several surgical procedures.

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The ablation devices market, based on technology, is categorized into hydro-mechanical, microwave, thermal, cryotherapy, ultrasound, light, radiofrequency, radiation, and electrical technologies. The radiofrequency segment accounted for a market share of over 20% in 2018 and is estimated to grow at a steady pace in the coming years. Factors such as high efficiency, ease of use, and the high adoption rate of these devices will boost overall ablation devices industry expansion.

Oncology ablation devices are equipped to treat tumors that can cause cancer by freezing or burning them. The oncology ablation yields better health benefits compared to other medical treatments used for treating cancer and ensures lower post-procedure stay in the hospitals compared to open surgeries. Oncology ablation devices held 30% of the market share in 2018 and the segment is expected to gain substantial growth over the analysis time period.

U.S. ablation devices market is anticipated to experience a growth of nearly 10.5% over the projected time period. Provision of insurance policies and reimbursements by Medicaid (CMS) and Center for Medicare will help drive the product demand in the region. Increase in the venture capital investments, high healthcare expenditure along with increasing geriatric population will propel the U.S ablation devices market size by 2025.

Leading companies which are part of global ablation devices market include Johnson and Johnson, Alcon Laboratories, Abbott Laboratories, Atricure, Angiodynamics, CONMED, Biosense Webster, Varian, Elekta AB, Boston Scientific, and Medtronic Plc. These firms dominate the market share on account of superior brand recognition and a strong foothold in terms of financial position.

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Partial Chapter of the Table of Content

Chapter 6.  Ablation Devices Market, By Product

6.1. Global market share, by product, 2018 & 2025

6.2. Disposable

6.2.1.  Market size, by region, 2014 – 2025 (USD Million and Units)

6.3. Capital

6.3.1.  Market size, by region, 2014 – 2025 (USD Million and Units)

6.4. Reusable

6.4.1.  Market size, by region, 2014 – 2025 (USD Million and Units) 

Chapter 7.  Ablation Devices Market, By End-use

7.1. Global market share by end-use, 2018 & 2025

7.2. Hospitals

7.2.1.  Market size, by region, 2014 – 2025 (USD Million and Units)

7.3. Ambulatory surgical centers

7.3.1.  Market size, by region, 2014 – 2025 (USD Million and Units)

7.4. Others

7.4.1.  Market size, by region, 2014 – 2025 (USD Million and Units)

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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