Cryoablation Devices Market Analysis By Top - Medtronic Inc., Galil Medical Inc., AtriCure, Inc., IceCure Medical, and Sanarus Technologies.

Worldwide Market Reports has announced the addition of the “Global Cryoablation Devices Market Size Status and Forecast 2022”, The report classifies the global Cryoablation Devices Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

Some of the major companies in the global cryoablation devices market are Medtronic Inc., Galil Medical Inc., AtriCure, Inc., IceCure Medical, and Sanarus Technologies.

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The Global Cryoablation Devices Market was valued at US$ 122.1 million in 2017 and is projected to expand at a CAGR of 8.5% during the forecast period (2017-2025), as highlighted in a new report published by Coherent Market Insights. The increasing demand for cryoablation treatment for complex procedures such as cancer, open heart surgery is expected to support growth of the cryoablation devices market over the forecast period.
Demand for cryoablation procedures is especially high in countries with a high geriatric population such as China and Japan. Given their weak immune system, the large volume of patients in this age group suffering from various chronic diseases cannot opt for intrusive surgeries such as open heart surgery. Cryoablation, being a minimally-invasive procedure, is an effective alternative for such patients. According to United Nations Department of Economic and Social Affairs (U.N. DESA), in 2015, there were 125 million people aged 80 years or over which is expected to increase to 434 million by 2050. Furthermore, the number of people aged 60 years or over is estimated to grow by 56% in between 2015 to 2030. This increase in number of aged population will support the growth of the cryoablation devices market in the near future.

• The global cryoablation devices market is expected to expand at a CAGR of 8.5% during the forecast period (2017-2025). Technological advancements towards cryoablation device development is expected to favor growth of the cryoablation devices market
• The probes and balloons segment in the global cryoablation devices market was estimated to be the largest in 2017 and is expected to retain its dominance in the market throughout the forecast period in terms of value
• In terms of end user segment, the hospitals segment is estimated to be the largest segment as increasing adoption rate for cryoablation procedures in this area is the factor behind its growth
• The global cryoablation devices market is characterized by market expansion and the Asia Pacific region could generate higher market revenue in forecast period (2017-2025) as this market is expected to lucrative market for industry players

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