Amid the COVID-19 crisis, the global market for Energy based Ablation Devices estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$9.2 Billion by 2027, growing at a CAGR of 10.3% over the analysis period 2020-2027. Radiation, one of the segments analyzed in the report, is projected to record a 9.6% CAGR and reach US$3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Radiofrequency segment is readjusted to a revised 11.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 13.5% CAGR
The Energy based Ablation Devices market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 13.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 8.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.
Ultrasound Segment to Record 10.9% CAGR
In the global Ultrasound segment, USA, Canada, Japan, China and Europe will drive the 10.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$451.9 Million in the year 2020 will reach a projected size of US$891.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027, while Latin America will expand at a 12.4% CAGR through the analysis period. We bring years of research experience to this 16th edition of our report. The 456-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- AngioDynamics Inc.
- AtriCure Inc.
- BIOLASE Inc.
- biolitec AG
- Biosense Webster, Inc.
- Boston Scientific Corporation
- EDAP TMS S.A.
- Ethicon Endo-Surgery Inc.
- Halyard Health Inc.
- InSightec® Ltd.
- Medtronic Inc.
- Monteris Medical Inc.
- Olympus America Inc.
- Photocure ASA
- PhotoMedex Inc.
- Sichuan Jinjiang Electronic Science and Technology Co. Ltd.
- Smith & Nephew Plc
- Stryker Corporation
- Syneron & Candela
- Varian Medical Systems
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Recent Market Activity
Energy Based Devices Find Application in Broad Range of Medical Conditions
Primary End-Use Applications for Energy Based Ablation Devices in Specific Treatments
By Energy Source
Differential Growth for Each Modality in the Global Energy Based Devices Market
Market Demand Shifts towards Multifunctional Devices
Global Competitor Market Shares
Energy based Ablation Devices Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Abbott EP (USA)
AngioDynamics, Inc. (USA)
AtriCure, Inc. (USA)
biolitec AG (Germany)
Biosense Webster, Inc. (USA)
Boston Scientific Corporation (USA)
BTG Plc (UK)
Cardiogenesis Corporation (USA)
Cynosure, Inc. (USA)
Conmed Corporation (USA)
EDAP TMS S.A. (France)
Ethicon Endo-Surgery, Inc. (USA)
Halyard Health, Inc. (USA)
Integra LifeSciences Corporation (USA)
Monteris Medical, Inc. (USA)
Olympus America, Inc. (USA)
Sichuan Jinjiang Electronic Science and Technology Co., Ltd. (China)
SonaCare Medical LLC (USA)
Smith & Nephew Plc (UK)
Stryker Corporation (USA)
Syneron & Candela (USA)
Varian Medical Systems, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Minimally Invasive Procedures Drive Demand for Energy Based Ablation Devices
Rising Prevalence of Cancer to Support Growth for RF Ablation Devices
Extended Applications to Drive RF Ablation Growth
Applicability of Cryogenic Energy based Ablation Devices Continues to Grow
Rising Usage of Cryotherapy in Cancer Treatment and Aesthetic Procedures
Electrical Energy Based Devices
Radiation Energy Based Devices: Drivers and Challenges
External Beam Radiation Therapy Devices
Stereotactic Radio Surgery - A Treatment with Rising Preference
High Intensity Focused Ultrasound Gains Demand
Renewed Focus on Microwave Ablation Design to Improve Patient Outcomes
Microwave Ablation & Potential in Cancer Treatment
Energy-based Surgical Systems of the Future to use Thermal Plasma
Rise in Endometrial Ablation Procedures to Improve Growth
Catheter Ablation Gain Demand in Cardiac Procedures
Laser Based Devices Find Increasing Application in the Healthcare Sector
Demand for Lasers in Cosmetic Surgery Sector to Rise
Advanced Surface Ablation Picks up in Ophthalmology
Increasing Incidence of Cancer Drives Demand for Energy Based Ablation Devices
Global Cancer Prevalence Statistics - Opportunity Indicators
Cancer Prone Sites based on Age
Cardiovascular Diseases Contribute to Growth
Increasing Prevalence of AF Impacts Growth Prospects
Increasing Application in Aesthetic Treatments Spurs Demand
Aging Population Spurs Demand for Energy Based Ablation Devices
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Energy based Ablation Devices Market Share (in %) by Company: 2018 & 2025
Market Facts & Figures
European Energy based Ablation Devices Market: Competitor Market Share Scenario (in %) for 2018 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 111