Global Tumor Ablation Market Analysis by Size, Share, Trends, Growth Opportunities & Forecasts by 2027 - Medtronic, AngioDynamics, Boston Scientific, EDAP TMS, Merit Medical

Tumor ablation is a minimally invasive procedure that is used to treat lung, liver, kidney, bone, prostate, spine and other tumors. There are many types of tumor ablation: Radiofrequency Ablation (RFA), Microwave Ablation (MWA), Cryoablation, Percutaneous Ethanol Ablation (PEI), among others. These procedures are performed percutaneously through a small hole the size of a pen tip often with sedation and local anesthesia. During the procedure, an imaging professional uses a CT scanner to exactly locate the tumor and then guides a specialized needlelike probe into it. Microwaves, alcohol, radio waves or a freezing agent are sent through this probe, heating, freezing or in another fashion killing the tumor.

Microwave Ablation (MWA) Benefits and Huge Array of Applicable Uses Cases Triggers the Tumor Ablation Market Growth

Microwave Ablation (MWA) is a new technology which destroys tumors using heat generated by microwave energy. Using the technology, the surgeon inserts a small laparoscopic port or open incision to access the tumor. A CT scan or ultrasonic guidance is used to pinpoint the exact location of the tumor. A thin antenna, which emits microwaves is then inserted into the tumor. The probe produces intense heat that ablates (destroys) tumor tissue, mostly within 10 minutes.

The Microwave Ablation (MWA) offers the following benefits over other methods which is triggering its market demand:
• Tumor Size Applicability: The technology can be used across broad range of tumor sizes (2 cm - 5 cm)
• Speed: The technology is comparatively faster the other methods and destroys the tumors more efficiently and quickly. It reduces the operation time and the time patients remain under general anesthesia
• Efficiency: The technology is considered more efficient in coagulating blood vessels
• Capability of Multiple Ablations: Using the technology, surgeons can ablate multiple tumors at the same time

However, the technology is not compatible for tumors that are close to major blood vessels or vital organs.

The growing indications for MWA is another key factor driving its demand. MWA therapy can be applied to various range of diseases such as thyroid nodules, lung cancers, liver cancers, breast lumps, pulmonary nodules, among others.

Recent Technological Developments Propels the Tumor Ablation Market Growth

The global tumor ablation market has experienced many technological developments over the past few years. The technological advancements in tumor ablation are set to spur its demand in the forthcoming years.

For instance:

• In September 2022, Stryker received 510(k) clearance from the U.S. Food and Drug Administration for its OptaBlate bone tumor ablation system (OptaBlate).

Competitive Landscape Analysis: Tumor Ablation Market

Some of the leading and emerging players operating in the global tumor ablation market are Medtronic, AngioDynamics, Boston Scientific Corporation, EDAP TMS, Mermaid Medical, HealthTronics, Bioventus (Misonix), SonaCare Medical, Ethicon (NeuWave Medical), Merit Medical, among others.

Aggressive Growth Strategies Adopted by the Key Market Players to Establish Their Foothold in the Global Tumor Ablation Market

All key players operating in the global tumor ablation market are adopting aggressive growth strategies such as launching new products, taking over related firms, and entering into partnerships to garner a larger market share.

For instance,

In September 2023, Boston Scientific Corporation announced that it has entered into a definitive agreement to acquire Relievant Medsystems, Inc., a privately held medical technology company that has developed and commercialized the Intracept® Intraosseous Nerve Ablation System to treat vertebrogenic pain, a form of chronic low back pain.

The global tumor ablation market is set to witness a consistent momentum in the coming years due to growing prospects of microwave ablation, awareness on ablation procedures over conventional therapeutic and surgical procedures, favorable funding and initiatives to support research activities related to tumor ablation and aggressive growth strategies adopted by the leading market players.

Send An Enquiry to Get Competitive Insights on Tumor Ablation Market Report @ https://meditechinsights.com/global-tumor-ablation-market/

Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

This release was published on openPR.