Ablation Devices Market Five Years Forecast Skeleton With Key Companies Arthrex, Boston Scientific Corporation, Medtronic, 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.

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.

Get HOLISTIC Request Sample Copy Of This Business Report:
https://www.coherentmarketinsights.com/insight/request-sample/464

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

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.

Growing incidence of tumorigenic cancers such as lymph node cancer, lung cancer, and breast cancer as well as small tissue mass formation in the renal and pancreatic areas serve as key factors fueling the growth of the global ablation devices market. Another major factor contributing to the growth of ablation devices market are rising cases of cardiovascular diseases. According to World Health Organization (WHO), over three quarters of deaths due to cardiovascular disorders occur in low and middle income countries. This suggests need for cost-effective and efficient treatment options for such diseases. As per the statistics by National Cancer Institute, there were around14,738,719 people living with cancer in the U.S. Rising awareness among people regarding the benefits of minimally invasive surgeries also fuel the market growth. Moreover, robotic navigation technologies provide more accuracy to ablation procedures, making them an ideal technique for tumor removal procedures. Additionally, low risk of infection, faster recovery time, affordable pricing, and increasing geriatric population are few other factors responsible to drive the growth of the global ablation devices market. However, the side effects of ablation treatment, implementation of stringent regulatory guidelines associated with the manufacturing process of these devices, and limited performance of these devices are obstructing the market growth.

Download the PDF brochure:
https://www.coherentmarketinsights.com/insight/request-pdf/464

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com

This release was published on openPR.