Ablation Devices Market UpComing Developments With Major Key Players Arthrex, Boston Scientific Corporation, Medtronic Plc, Intuitive Surgical, Johnson & Johnson

The global ablation devices market was valued at US$ 3,330.0 million in 2016 and is expected to witness a CAGR of 10.9% during the forecast period (2017 – 2025).

Ablation gains immense popularity all over the world, as it offers minimally invasive solutions for the removal of tissues or tumors with bearable pain and less recovery period than that of open surgical procedures. Demand for ablation devices is expected to increase owing to increasing incidence of chronic diseases, mainly tumorigenic cancer and other cardiovascular disorders, across the globe. Chronic diseases are major causes of mortality, which resulted in over 38 million deaths worldwide in 2015 according to the World Health Organization (WHO). Moreover, WHO states that cancer is one of the leading causes of death that accounts for up to 8.8 million deaths in 2015. According to Centers of Disease Control and Prevention (CDC), in 2016, an estimated 2.7-6.1 million people in the U.S. suffered from atrial fibrillation. Moreover, the same fact sheet states that around 2% of people younger than the age of 65 years are affected with atrial fibrillation. High prevalence of such diseases will in turn, boost the growth of global ablation devices market.

Factors such as increasing incidence of cardiovascular disorders, rising geriatric population, spreading awareness of the benefits of ablation devices, and rapid technological advances in healthcare sector are propelling growth of the ablation devices market. Cardiovascular disorders such as, atrial fibrillation and arrhythmia, which are highly susceptible to open heart surgeries and can be treated with ablation at earlier stages. North America is the leading region of ablation devices market in terms of sales of ablation devices. The major factors affecting growth of ablation devices market in North America include well-established healthcare infrastructure and substantial expenditure targeted on developing the healthcare facilities. Furthermore, rising demand for minimally invasive surgical procedures, especially in the treatment of cardiac arrhythmia, is also expected to propel the market growth

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However, major factors hindering the growth of ablation devices market are costly treatment of ablation surgery and major side effects of surgical ablation procedures such as chemical allergies and strokes.

Ablation is a form of minimally invasive surgery or laparoscopic surgery that is performed with the help of thin scopes and instruments referred to as ablation devices. These devices are used to make thin incisions in the skin for the removal of malfunctioning tissues of small tumors within the body. The ablation technique is an advancement to the conventional form of surgery known as open surgery, wherein a midline incision is made at the affected area. The ablation technique is beneficial in many ways, as it produces least possible damages to the biological structures and at the same time achieves the same efficiency, success, and performance as that of open surgical procedures. Thus, the demand for ablation devices for various tumor removal procedures is expected to witness exponential growth over the forecast period.

The ablation devices market is expected to gain traction in the foreseeable future as these devices are useful in treatment of a wide number of diseases and medical conditions. Manufacturers are focused on increasing the precision and accuracy of ablation devices to meet the rising demands without compromising on quality of the surgical instrument.

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