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Energy based Ablation Devices - Global Market Trajectory & Analytics

  • ID: 2707965
  • Report
  • July 2020
  • Region: Global
  • 456 Pages
  • Global Industry Analysts, Inc
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Aging Population Spurs Demand for Energy Based Ablation Devices
Global Energy based Ablation Devices Market to Reach $9.2 Billion by 2027

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.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Market Primer

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

Outlook

By Region

By Energy Source

By Application

Differential Growth for Each Modality in the Global Energy Based Devices Market

Market Demand Shifts towards Multifunctional Devices

Competition

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)

InSightec® Ltd.

Integra LifeSciences Corporation (USA)

Lumenis Ltd.

Medtronic, Plc

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

UNITED STATES

Market Facts & Figures

US Energy based Ablation Devices Market Share (in %) by Company: 2018 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Energy based Ablation Devices Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 111

Note: Product cover images may vary from those shown
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