Thyroid Ablation Devices Market Revenue to Cross USD 1.29 Billion by 2030 | Medtronic, AngioDynamics Inc., Boston Scientific Corporation, Merit Medical Systems

According to the report, the global thyroid ablation devices industry generated $472.8 million in 2020, and is estimated to reach $1.29 billion by 2030, witnessing a CAGR of 10.6% from 2021 to 2030.

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Market Growth: The thyroid ablation devices market has been witnessing significant growth in recent years. Factors such as the rising incidence of thyroid disorders, advancements in ablation technologies, and increasing awareness about minimally invasive treatment options have contributed to the market's growth.

Laser Ablation and Ethanol Ablation: Apart from RFA, other ablation techniques such as laser ablation and ethanol ablation are also employed for thyroid treatment. Laser ablation uses laser energy to destroy thyroid tissue, while ethanol ablation involves injecting ethanol directly into the thyroid nodule to induce tissue necrosis. These techniques offer alternative options for patients who are not suitable candidates for RFA.

Market Segmentation:

By Product Type:
a. Radiofrequency Ablation (RFA) Devices: This segment includes devices specifically designed for thyroid ablation using radiofrequency energy.
b. Laser Ablation Devices: This segment comprises devices that utilize laser energy for thyroid tissue ablation.
c. Ethanol Ablation Devices: This segment includes devices used for injecting ethanol directly into thyroid nodules to induce tissue necrosis.
d. Other Ablation Devices: This segment may include devices that employ alternative energy sources or techniques for thyroid tissue ablation.

By Technology:
a. Ultrasound-Guided Ablation Devices: This segment includes devices that utilize ultrasound imaging for guidance during thyroid ablation procedures.
b. CT Scan-Guided Ablation Devices: This segment comprises devices that employ computed tomography (CT) scanning for precise guidance during thyroid ablation procedures.
c. MRI-Guided Ablation Devices: This segment includes devices that utilize magnetic resonance imaging (MRI) for real-time guidance during thyroid ablation procedures.
d. Other Guided Ablation Devices: This segment may include devices that utilize alternative imaging technologies or guidance methods.

By End-User:
a. Hospitals: This segment includes the use of thyroid ablation devices in hospital settings, including both public and private hospitals.
b. Specialty Clinics: This segment comprises specialty clinics that focus on the treatment of thyroid disorders and perform thyroid ablation procedures.
c. Ambulatory Surgical Centers: This segment includes the use of thyroid ablation devices in outpatient surgical centers.
d. Others: This segment may include alternative healthcare settings where thyroid ablation procedures are performed.

By Geography:
a. North America: This segment includes the thyroid ablation devices market in countries such as the United States and Canada.
b. Europe: This segment comprises the market in European countries, including the United Kingdom, Germany, France, and Italy, among others.
c. Asia Pacific: This segment includes the market in countries such as China, Japan, India, South Korea, and Australia, among others.

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Competitive Landscape:

Medtronic
AngioDynamics Inc.
Boston Scientific Corporation
Merit Medical Systems
Esaote SpA
Hologic, Inc.
Misonix, Inc.
HealthTronics, Inc.
Chongqing Haifu Medical Technology Co., Ltd.
Sonacare Medical, LLC.

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