The global ablation devices market size reached US$ 4.7 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 9.1 Billion by 2027, exhibiting a CAGR of 11.64% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Ablation devices are minimally invasive (MI) medical instruments used for the removal, or excision, or abnormal body tissues for therapeutic purposes. Some of the commonly used ablation devices include temperature-controlled, fluid-cooled, robotic catheter manipulation and laser ablators, tissue contact and spray probes and balloon ablation devices. They operate using radiofrequency (RF), laser, ultrasound, cryoablation, microwave and hydrothermal technologies. They are used as an alternative to surgical treatment for various chronic diseases and the removal of cancerous tumors and kidney stones. Ablation devices are also utilized for the management of chronic lower back, neck and arthritis pain. As a result, they find extensive applications in the treatment of ophthalmological, oncological, gynecological, urological and cardiovascular disorders.
Ablation devices are minimally invasive (MI) medical instruments used for the removal, or excision, or abnormal body tissues for therapeutic purposes. Some of the commonly used ablation devices include temperature-controlled, fluid-cooled, robotic catheter manipulation and laser ablators, tissue contact and spray probes and balloon ablation devices. They operate using radiofrequency (RF), laser, ultrasound, cryoablation, microwave and hydrothermal technologies. They are used as an alternative to surgical treatment for various chronic diseases and the removal of cancerous tumors and kidney stones. Ablation devices are also utilized for the management of chronic lower back, neck and arthritis pain. As a result, they find extensive applications in the treatment of ophthalmological, oncological, gynecological, urological and cardiovascular disorders.
Ablation Devices Market Trends:
The increasing prevalence of life-threatening diseases, such as cancer, atrial fibrillation and chronic venous insufficiency (CVI), is one of the key factors driving the growth of the market. Moreover, rising awareness among the masses regarding the availability of effective ablation procedures is providing a thrust to the market growth. Minimally invasive ablation procedures cause lesser pain, scarring, discomfort and promote faster recovery in the patients. In line with this, the widespread adoption of electrophysiology to remove abnormal tissues that cause irregular heart rhythms or cardiac arrhythmia is also contributing to the growth of the market. Additionally, various product innovations, such as the development of next-generation ablation devices with robotic navigation systems, are acting as other growth-inducing factors. Product manufacturers are developing non-thermal, non-tumescent and non-sclerosant endovenous ablation devices for the effective treatment of superficial vein reflux. Other factors, including rising healthcare expenditure capacities of the consumers, along with significant improvements in the medical industry, especially in the developing economies, are anticipated to drive the market toward growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global ablation devices market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on device technology, application and end user.Breakup by Device Technology:
- Radiofrequency Devices
- Laser/Light Ablation
- Ultrasound Devices
- Cryoablation Devices
- Others
Breakup by Application:
- Cancer Treatment
- Cardiovascular Disease Treatment
- Ophthalmologic Treatment
- Gynecological Treatment
- Urological Treatment
- Cosmetic Surgery
- Others
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, AngioDynamics Inc., AtriCure Inc., Boston Scientific Corporation, CONMED Corporation, Elekta AB (publ), Johnson & Johnson, Medtronic plc, Olympus Corporation and Smith & Nephew plc.Key Questions Answered in This Report:
- How has the global ablation devices market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global ablation devices market?
- What are the key regional markets?
- What is the breakup of the market based on the device technology?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global ablation devices market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Ablation Devices Market
What is the estimated value of the Global Ablation Devices Market?
What is the growth rate of the Global Ablation Devices Market?
What is the forecasted size of the Global Ablation Devices Market?
Who are the key companies in the Global Ablation Devices Market?
Report Attribute | Details |
---|---|
No. of Pages | 143 |
Published | August 2022 |
Forecast Period | 2021 - 2027 |
Estimated Market Value ( USD | $ 4.7 Billion |
Forecasted Market Value ( USD | $ 9.1 Billion |
Compound Annual Growth Rate | 11.6% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Ablation Devices Market
6 Market Breakup by Device Technology
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Abbott Laboratories
- AngioDynamics Inc.
- AtriCure Inc.
- Boston Scientific Corporation
- CONMED Corporation
- Elekta AB (publ)
- Johnson & Johnson
- Medtronic plc
- Olympus Corporation
- Smith & Nephew plc.
Methodology
LOADING...