Ablation Technology Market is expected to reach $10.8 billion by 2031 | Says GIS Analyst

Global Ablation Technology Market is expected to reach $10.8bn by 2031 growing at a CAGR of 8.7% between 2021 and 2031.

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Ablation therapies can be used for the treatment of various diseases across several medical fields such as ophthalmology, cancer, gynaecology, and cardiovascular. It is less painful than conventional surgical operations, and it is a minimally invasive procedure, leading to a shorter recovery time. Adding to that, it causes very little damage to the surrounding tissues. Even though it lowers the side effects, it also has some disadvantages. For example, large and bulky tissues cannot be treated with ablation, such as bone and neck nodules. Also, the availability of ablation treatment in remote locations is quite restricted.

In current times, the demand for minimally invasive procedures has witnessed a significant raised owing to the advantages offered by these procedures over traditional treatment procedures-fewer operative complications, shorter hospitalization, less pain, smaller & more cosmetic incisions, lower risk of infection, reduced post-operative care, and rapid recovery. Minimally invasive procedures make use of advanced technologies to diagnose and manage various diseases, comprising cancer. These procedures are used to remove cancer tumors and lymph nodes without scarring. Minimally invasive techniques also assist surgeons in collecting tissues for biopsy and accurate staging studies.

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The impact of the COVID-19 pandemic and the lockdown it triggered is witnessed in various industries, comprising the ablation technology market. The overall growth of various sectors has been heavily impacted, specifically in countries with a high incidence rate of COVID-19, such as China, the US, and several European countries (Russia, Italy, and Spain, among others). While industries such as oil and petroleum, aeronautics, and mining are experiencing a steep fall in revenues, the healthcare, biotechnology, and pharmaceutical activities are optimizing this situation to serve the maximum number of patients and healthcare experts.

Market Segments:

- By Technology:
Technology
Radiofrequency Devices
Laser/Light Ablation
Ultrasound Devices
Cryoablation Devices
Others

- By Application:
Application
Cancer Treatment
Cardiovascular Disease Treatment
Ophthalmologic Treatment
Gynecological Treatment
Urological Treatment
Cosmetic Surgery

- By End User:
Hospitals
Ambulatory Surgical Centers

Key Players:

- Medtronic, plc.
- Johnson & Johnson
- Abbott
- Boston Scientific Corporation
- CONMED Corporation
- AngioDynamics, Inc.
- AtriCure, Inc.

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This release was published on openPR.