Global Ablation Technology Market
Global Ablation Technology Market

Global Ablation Technology Market at A Highest CAGR of 10.7 % to rapidly growing $ 3.16 billion by 2025

Global Ablation Technology Market, By Application (Cardiovascular, Cancer and other samples), By Type (Radiofrequency Laser/Light Ablation, Ultrasound Ablation and others), By Product (Radiofrequency, Hydrothermal, Others), By End Users (Hospitals and Surgical Centers, Community Healthcare, Others)

Market Analysis: Global Ablation Technology Market

The Global Ablation Technology Market is expected to reach USD 7.13 Billion by 2025, from USD 3.16 Billion in 2017 growing at a CAGR of 10.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2017, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Market Definition: Global Ablation Technology Market

This market report defines the market trends and forecast the upcoming opportunities and threats of the ablation technology market in the next 8 years. Ablation is process of removing malignancy or tumor cells from the specified site. Ablation is performed in various therapy areas like ophthalmology, gynecology, cardiovascular and mainly in cancer. One of the main reason of flourishing of ablation technology is it requires shorter recovery time, it cause very little damage to surrounding tissues and have less harmful effects than chemotherapy or radiation therapy. In cardiology electrophysiology uses catheter ablation for destroying the abnormal heart tissues which are responsible in irregular heart-beats or cardiac arrhythmia.. Radiofrequency and cryoblation are the most commonly used ablation technology in the cardiovascular disease. It is expected that some more ablation methodology can be performed for arterial fibrillation in recent years. In case of cancer during ablation process heat is used to kill the cancerous cells. In cancer ablation can be used along with chemotherapy or surgery. By seeing the benefits of ablation, in the coming year some more ablation technologies are expected to hit the market. As per of American Heart Association incidence of cardiac arrest is 326,200 in 2014 and the number is expected to rise to more than 23.6 Million by 2030. As per of research in 2015 St.Jude medical Inc performed 250,000 catheter ablations only in US and it is expected to be 999,000 worldwide.

Sudden cardiac arrest is the leading cause of death in U.S., responsible for about 300,000 deaths per year. As per a research by St. Jude Medical, Inc., in 2015, there were about 250,000 catheter ablations performed in U.S. alone, whereas the global estimate was about 990,000.

For instance, Galil Medical, a manufacturer of cryoablation systems and needles, was acquired by BTG plc on 6th May 2016 to expand BTGs product portfolio and market share.

For instance, Medtronic launched the new Barrx 360 Express radiofrequency ablation balloon catheter in April 2016, which is a self-adjusting circumferential RFA catheter to remove diseased tissues. This catheter is anticipated to aid the treatment of Barretts esophagus.

Major Market Drivers and Restraints:

  • Research and development of more effective and innovative ablation technology
  • Increase in the number of cancer and cardiac arrest cases.
  • Increase in the geriatric population
  • Shift towards minimal and non-invasive procedures
  • Pain and risk associated with ablation procedures
  • High cost of ablation process and inflexible regulatory approval process
  • Downward pricing pressure owing to its commodity nature

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Market Segmentation: Global Ablation Technology Market

  • The global ablation technology market is segmented on basis of application, product, type, end users and geography.
  • Based on application the global ablation technology market is segmented into cardiovascular disease, ophthalmologic disease, pain management, gynecological treatment, urological treatment, orthopedic treatment, cosmetic and aesthetic surgery and other treatments. Cancer treatment is further segmented into liver cancer, kidney cancer, prostate cancer, lung cancer bone metastasis, breast cancer.
  • Based on the product the global ablation technology market is segmented into radiofrequency, hydrothermal ablators, microwave ablators, cryoablation devices, electrical ablators, ultrasound ablators, laser/light ablators. Laser/light ablators is further segmented into excimer laser ablators and cold laser ablators. Radiofrequency ablators are further sub-segmented into temperature-controlled radiofrequency ablators, fluid-cooled radiofrequency ablators and robotic catheter manipulation systems. Ultrasound ablators are further sub-segmented into ultrasonic surgical ablation systems, high-intensity focused ultrasound (HIFU) ablators, extracorporeal shockwave lithotripsy (ESWL) systems and magnetic resonance-guided focused ultrasound (MRGFUS) ablators. Electrical ablators are sub-segmented into argon plasma or beam coagulators and irreversible electroporation ablators. Cryoablation devices are further sub-segmented into tissue contact probes, tissue spray probes and epidermal and subcutaneous cryoablation devices. Microwave ablators are further sub-segmented into microwave thermotherapy devices. Hydrothermal ablators are sub-segmented into endometrial hydrothermal balloon ablation devices.
  • Based on the type, global ablation technology market is segmented into radiofrequency ablation, laser or light ablation, ultrasound ablation, electrical ablation, cryoablation, microwave ablation, hydrothermal ablation
  • On the basis of end users, the global ablation technology market is segmented into hospitals and surgical centers, oncology centers, clinics, community healthcare, others.
  • Based on geography, the global ablation technology market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others

Competitive Analysis: Global Ablation Technology Market

The global ablation technology market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ablation technology market for global, Europe, North America, Asia Pacific and South America.

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