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Energy based Ablation Devices - Global Market Trajectory & Analytics

  • ID: 2707965
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
Aging Population Spurs Demand for Energy Based Ablation Devices

FEATURED COMPANIES

  • AngioDynamics Inc.
  • biolitec AG
  • Ethicon Endo-Surgery Inc.
  • Medtronic Inc.
  • Photocure ASA
  • Stryker Corporation
  • MORE
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.

Select Competitors (Total 111 Featured):
  • 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
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AngioDynamics Inc.
  • biolitec AG
  • Ethicon Endo-Surgery Inc.
  • Medtronic Inc.
  • Photocure ASA
  • Stryker Corporation
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • 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
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
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • 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
  • 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
Note: Product cover images may vary from those shown
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