In 2022, the global ablation devices market is expected to exceed $4.9 billion. The market is expected to reach US$ 8.3 billion by 2030, growing at a healthy 12.3% CAGR.
Ablation therapies can treat diseases such as ophthalmology, cancer, gynecology, and cardiology. Because it is a minimally invasive procedure, it is less painful than traditional surgical procedures, resulting in a shorter recovery time. Furthermore, it causes very little harm to the surrounding tissues. Although it reduces side effects, it also has some disadvantages. Ablation cannot treat large, bulky tissues like bone and neck nodules. Furthermore, the availability of ablation treatment in remote areas could be improved.
Market Dynamics
Drivers
Ablation Devices have seen a significant increase in demand in recent years due to the benefits they provide over traditional treatment procedures—fewer operative complications, shorter hospitalization, less pain, smaller & more cosmetic incisions, lower risk of infection, reduced post-operative care, and faster recovery. Advanced technologies are used in minimally invasive procedures to diagnose and treat various diseases, including cancer. These techniques remove cancer tumors and lymph nodes without leaving scars. Surgeons can also use minimally invasive techniques to collect tissues for biopsy and accurate staging studies. This enables surgeons to devise precise cancer treatment plans.
Restraints
High accuracy is required at every step of the process to achieve maximum tumor control while minimizing risk to normal tissue. Procedural errors can occur due to the interconnectivity of issues between different treatment planning, delivery, and monitoring systems, increasing patient risks.
Key players:
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Olympus Corporation
Market Segmentation:
Ablation Devices
Ablation Devices Market, By Device Technology
Ablation Devices Market, By Application
Ablation Devices Market, By End User
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Hospitals
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Ambulatory Surgical Centers
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Others
Ablation Devices Market, By Region
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North America
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Latin America
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Europe
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Asia Pacific
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Middle East & Africa
Regional Analysis:
The Ablation Devices Market global market is divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Because of the increasing number of ablation system launches, North America is dominant in the global market. For example, Medtronic Plc. Introduced the OsteoCool radiofrequency ablation system in the United States in 2016. The OsteoCool RF Ablation system is a cooled radiofrequency (RF) ablation technology. It can treat painful bone tumors with two probes at the same time. Because of the increasing prevalence of cancer in the region, Asia Pacific is the fastest-growing region in the global ablation devices market.
Scope of the Report:
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Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2022-2030 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.3% |
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YoY growth (%) |
XX% |
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Regional analysis |
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Current Market size |
USD 4.9 Billion |
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Companies Covered |
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User
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Introduction
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Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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