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Medtronic Dominated the Tumor Ablation Market Accounting for a Highest Market Share till 2024, Followed by Boston Scientific Corporation and Abbott

03-29-2019 10:48 AM CET | Health & Medicine

Press release from: Data Bridge Market Research

Tumor Ablation Market

Tumor Ablation Market

Global Tumor Ablation Market report analyses and provides the historical data along with the current performance of the Market. The report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Market. Tumor Ablation Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Global Tumor Ablation Market is expected to reach USD 3,495.0 million by 2024 from USD 1,669.7 million in 2016, at a CAGR of 9.8% in the forecast period 2017 to 2024.

Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-tumour-ablation-market

Major Players: Global Tumor Ablation Market

Some of the major players operating in this market are:-

Galil Medical Inc.,

Perseon Corporation,

NeuWave Medical Inc.,

Koninklijke Philips N.V.,

INTIO Inc.,

Mermaid Medical A/S,

SonaCare Medical,

DFINE Inc.,

Misonix,

BVM Medical Limited,

Angio Dynamics,

COMSOL Inc,

Medtronic,

Boston Scientific Corporation,

Abbott EDAP TMS,

and Health Tronics Inc.,

Medtronic:

Founded in 1949 and headquartered in Dublin, Ireland. Medtronic is a global healthcare solutions company and it is the world’s largest standalone medical technology development company. The company operates in cardiac and vascular group, minimally invasive therapies group, restorative therapies group and diabetes group. Cardiac and vascular group segment offers various products for cardiac rhythm and heart failure, coronary and structural heart, aortic and peripheral vascular. Minimally invasive therapies group segment offers surgical solutions, patient monitoringand recovery. Restorative therapies group segment offers products for spine, neuromodulation, surgical technologies, neurovascular. Diabetes group segment offers intensive insulin management, non-intensive, diabetes therapies, diabetes service and solutions.

Boston Scientific Corporation:

Founded in 1979 and headquartered at Marlborough, MA, U.S., Boston Scientific Corporation, is engaged in the development and marketing of medical devices for use in various interventional medical specialties. The company operates through three business segments- Cardiovascular, Rhythm Management, and MedSurg. The Cardiovascular segment offers a wide range of products for interventional cardiology and peripheral interventions. The Rhythm Management segment of the company offers various products pertaining cardiac rhythm management and electrophysiology. The MedSurg segment of the company offers various devices to be used in endoscopy, urology and pelvic health and neuromodulation.

Abbott:

Founded in 1888 and headquartered at Chicago, Illinois, U.S., Abbott, is engaged in the development and distribution of diagnostics products, medical devices, nutrition and branded generic pharmaceuticals. The company operates in four business segments- pharmaceuticals, molecular diagnostics, diabetes care nutritionals, and vascular. Vascular care segment offers minimally invasive treatments through ablation catheters for coronary artery, peripheral artery, and atrial fibrillation.

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Market Segmentation: Global Tumor Ablation Market

The global tumor ablation market is segmented on the basis of type, cancer type, mode of treatment, end user, and geography.

On the basis of type, the market is segmented into three major segments which include tumor ablation systems, image guidance products, and accessories.

On the basis of cancer type, the market is segmented into eight major segments which include liver cancer, brain cancer, lung cancer, bone cancer, kidney cancer, pancreatic cancer, breast cancer and others, The lung cancer market is expected to grow at the highest CAGR 10.7% in the forecast period of 2017 to 2024.

Based on mode of treatment, the global tumor ablation market is segmented into surgical, laproscopic and percutaneous. The Surgical is projected to witness higher growth during the forecast period., The laparoscopic market is expected to grow at the highest CAGR 10.8% in the forecast period of 2017 to 2024.

On the basis of end users, the market is segmented into hospital, oncology clinics, and others. In 2017, the hospital market segment is expected to dominate the market. with a share of 68.3%.

Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.

Overview of the Report

1. To gain information about the top players in this industry, their product portfolios, and their key strategies.

2. To describe major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Global Tumor Ablation Market and submarkets.

3. To assess the market shares for new entrants

4. Strategic profiling of the key players and brands

5. To describe the industry trends and developments

Drivers: Global Tumor Ablation Market

The major factors contributing to the growth of the market includes incidences of cancer patients, increase in the number of hospitals, ablation and surgical centers, technological advancement in ablation devices. These factors increase the demand for devices such as tumor ablation systems and image guidance products.

INCREASING PREVALENCE OF CANCER PATIENTS

Tumor ablation market is growing due to increasing prevalence of cancer patients. Cancer is caused due to the alteration of normal cells into tumor cells which occurs in a multistage process that usually develops from a pre-cancerous abrasion to a malignant tumor. According to American Cancer Society, in 2017, approximately 1,688,780 new cancer cases were diagnosed and 600,920 cancer deaths were reported in the US. Cancer is caused due to numerous reasons including consumption of use of alcohol and tobacco, unhealthy diet, and physical inactivity. Tumor ablation treatment is done in patients with a few small tumors and when surgery is not a good option. Since tumor ablations is a highly efficient treatment for cancer with minimal risk of side-effects, its popularity has increased among doctors a as well as patients, which, as a result, has been driving the market growth.

TECHNOLOGICAL ADVANCEMENTS IN ABLATION DEVICES

With the increase in the cancer prevalence and incidence, it has become vital for companies to manufacture smart and advanced technologies, which offer accurate and proper care to cancer patients and their health. A majority of companies operating in this market are involved in the research and development to manufacture and launch new products that can effectively cater to the needs of patients and enable effective treatment. This is anticipated to generate growth opportunities for tumor ablation companies in the market. In July 2017, EDAP TMS received CMS approval of new reimbursement code for HIFU ablation of the prostate tissue. This approval is significant for the company making a huge success in usage of this ablation technology. In May 2017, Abbott received CE Mark approval for TactiCath Contact Force Ablation Catheter, Sensor Enabled for advance the treatment of atrial fibrillation.

RISING NUMBER OF HOSPITALS, SURGICAL, AND ABLATION CENTERS

Another major factor contributing to the growth of the tumor ablation market includes rising number of hospitals, surgical, and ablation centers that are required for the improving cancer patient’s facilities. Furthermore, government support in the form of funding also drives the growth of this market.For instance, Cancer Treatment Centers of America (CTCA) is committed to altering a combination of cancer treatments to the needs of each individual patient. The treatment in the center includes lung, breast, prostate, ovarian, colorectal, throat, melanoma, cervical, pancreatic, lymphomas and others. According to National Cancer Institute, there are presently 69 NCI-Designated Cancer Centers, which is located in 35 states and the District of Columbia that is used for learning and controlling cancer.

Report Scope

1. To analyze growth strategies such as product launches and developments, acquisitions, expansions, and agreements adopted by major players in the Global Tumor Ablation Market.

2. To identify key players operating in the Global Tumor Ablation Market and comprehensively analyze their market rankings and core competencies.

3. To describe major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Global Tumor Ablation Market and submarkets.

4. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

5. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Global Tumor Ablation Market

6. The report offers market share appraisals for regional and global levels

Get Detailed TOC @ https://databridgemarketresearch.com/toc/?dbmr=global-tumour-ablation-market

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

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