The Thermal Ablation Devices Market to look through AI-based genomics at a CAGR of 6.7%

According to Persistence Market Research, the global thermal ablation devices market is anticipated to grow at a robust growth rate to reach a noteworthy market valuation by the end of the assessment period, 2017-2025. The global market for thermal ablation devices is expected to reach a valuation of about US$ 8 Bn by the end of the period of assessment from a value of around US$ 4.7 Bn in 2017. This 1.7x increase in revenue can be attributed to the high growth pace that the global market reflects.

Market Size and Growth:

The global thermal ablation devices market is projected to grow at a high CAGR of 6.7% throughout the period of forecast. Rising demand for minimally invasive procedures such as microwave ablation, radiofrequency ablation etc., and increasing technological advancements in thermal ablation systems and catheters expanding the scope of existing products are few of the main aspects driving the growth of the global thermal ablation devices market.

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Drivers and Restraints

The global market for thermal ablation devices is expected to grow significantly in the coming years due to an increase in the prevalence of chronic diseases such as cancer and the rising demand for minimally invasive procedures. However, factors such as high costs associated with these devices, strict regulatory requirements, and a lack of skilled professionals are expected to restrain market growth to some extent. Additionally, the market is facing intense competition from alternative treatment options, such as radiation therapy and surgery, which may hinder the adoption of thermal ablation devices. Overall, the market's growth will depend on the balance between these drivers and restraints.

Company Profiles

Medtronic Plc.
Boston Scientific Corp.
Smith & Nephew Plc.
AngioDynamics, Inc.
Abbott Laboratories
Stryker Corporation
Atricure, Inc.
Halyard Health, Inc.
Hologic, Inc.
Johnson & Johnson
Olympus Corporation

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Global Thermal Ablation Devices Market: Segmental Insights

The global thermal ablation devices market has been segmented by components, by end user and by region.

By region, Europe is expected to portray high lucrativeness in the coming years. The thermal ablation devices market in Europe is estimated to reach a higher value of more than US$ 2.3 Bn by the end of the assessment year. Asia pacific region also radiates high potential. The market in Asia Pacific is expected to be the second largest compared to the market in North America, Latin America and MEA and is projected to grow at the highest pace during the forecast period to register a CAGR of 7.2%

By components, the probes segment is the leading segment as it showcases higher by the end of the assessment year. The probes segment is poised to grow at a higher CAGR of 6.8% throughout the period of assessment, 2017-2025

By end user, hospitals have shown increased adoption of thermal ablation devices since past couple of years. This segment is highly attractive and is estimated to be the largest end user segment in the coming years. The hospitals segment is projected to grow at a high CAGR of 6.8% throughout the period of forecast

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