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Ablation Technology Market Size, Analysis, Share, Growth, Forecast, Segmentation, Key Players | Valuates Reports
The global Ablation Technology market size is projected to reach US$ 6352.7 million by 2026, from US$ 3364.1 million in 2019, at a CAGR of 9.4% during 2021-2026. The introduction of next-generation ablation devices, as well as widespread use of minimally invasive techniques and an increase in the number of ablation procedures, are propelling the growth of the ablation technologies market.
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Due to the lower cost of radiofrequency ablation procedures compared to other ablation techniques, as well as their high safety, efficacy, and short procedural duration for the treatment of cancer, atrial fibrillation, and pain management, the radiofrequency ablation segment is expected to be the most lucrative during the forecast period.
Based on application, the cardiovascular disease segment is expected to be the most lucrative segment. The market is being driven by the rising incidence of atrial fibrillation around the world, as well as the development of novel ablation technologies for the treatment of atrial fibrillation.
North America was the largest consumer of ablation technology due to the introduction of ablation technology in earlier stages. Increased awareness regarding various treatments using ablation technologies has helped this market to grow. North America was followed by Europe. Asia Pacific region is expected to be the fastest-growing regional market due to the availability of a large pool of patients, increased spending capacity of patients; increasing preference to ablation over surgery, geographical expansion of key market players, and increasing government investment in the healthcare sector are expected to drive the market growth in Asia Pacific region over the forecast period. India and China are expected to be the key consumers of ablation technology. North America and Europe are mature markets for Ablation Technology and are expected to grow at a relatively sluggish rate over the forecast period.
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Ablation Technology Market by Type
• Electrical
• Ultrasound
• Radiation
• Radiofrequency
Ablation Technology Market by Application
• Cancer
• Cardiovascular
• Ophthalmology
• Orthopaedics
• Urology
Ablation Technology Market by Regional and Country-level
• North America
• United States
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia-Pacific
• Latin America
• Mexico
• Brazil
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of Middle East & Africa
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In the competitive analysis section of the report, leading as well as prominent players of the global Ablation Technology market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2016-2021.
Major Players in the Ablation Technology Market
• Arthocare
• Accuray
• Biosense
• Corporation
• Webster
• Smith & Nephew
• Varian Medical Systems
• Olympus Corporation
• Corporation
• Webster
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