Tumor Ablation Market is expected to reach the value of USD 4,225.84 million by 2030

Data Bridge Market Research analyzes that the global tumor ablation market is expected to reach the value of USD 4,225.84 million by 2030, at a CAGR of 13.8% during the forecast period. This market report also covers pricing analysis and technological advancements in depth.

The global tumor ablation market is fragmented in nature, as it consists of many global players such as Boston Scientific Corporation (U.S.), Medtronic (U.S.), Olympus (Germany), Stryker (U.S.), and Biotronik (Germany) among others. The presence of these companies produces competitive prices for tumor ablation products across the region. Due to the presence of these players at regional and international levels, suppliers and manufacturers offer products with different specifications and characteristics in all budgets. The rising demand for tumor ablation globally is driving the market growth. Additionally, the rising prevalence of cancer is expected to drive the market growth.

Market Definition

The market includes a wide range of ablation techniques, such as radiofrequency ablation (RFA), microwave ablation (MWA), cryoablation, high-intensity focused ultrasound (HIFU), and laser ablation, among others. These techniques utilize different energy sources to deliver controlled heat, cold, or sound waves to destroy tumor cells, leading to their death and subsequent elimination by the body's immune system. The global tumor ablation market encompasses various medical equipment for tumor ablation procedures, including ablation probes, electrodes, needles, catheters, ultrasound systems, MRI systems, and monitoring systems. These devices are designed to precisely deliver the ablation energy to the target tissue while minimizing damage to the surrounding healthy tissues.

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Drivers

Rising Prevalence of Cancer Globally

The growing prevalence of cancer creates a higher demand for effective treatment options. Tumor ablation techniques offer a minimally invasive alternative to traditional surgery to treat solid tumors. As cancer rates continue to rise, there is an increasing need for treatments that can effectively target and destroy tumors, leading to the growth of the tumor ablation market.

Tumor ablation procedures are particularly valuable for patients with inoperable tumors. These may include tumors in critical or hard-to-reach areas or cases where surgery carries a higher risk due to the patient's overall health condition. Tumor ablation provides a viable treatment option for such patients, allowing tumor destruction without major surgery.

Increasing Inclination of Surgeons and Patients toward Minimally Invasive Procedures

Minimally invasive procedures involve smaller incisions or needle insertions than traditional open surgeries. This results in less tissue damage, reduced blood loss, and lower risk of complications. These procedures typically have shorter hospital stays and faster recovery times. Patients can often resume their normal activities sooner, improving their quality of life.

Minimally invasive techniques often employ advanced imaging technologies, allowing surgeons to visualize and precisely target tumors. This enhances accuracy and helps preserve healthy surrounding tissues. The instruments are designed to provide greater maneuverability and agility, enabling surgeons to perform complex procedures with improved control and precision. The procedures involve smaller incisions, which reduces the risk of post-operative infections compared to open surgeries.

Recent Developments

In April 2023, Angio Dynamics. announced an expanded partnership with Cardiva, a Spanish-based medical device company. The partnership builds on an existing collaboration between AngioDynamics and Cardiva, which has successfully distributed AngioDynamics' vascular access portfolio in Spain and Portugal since 2012. The expanded partnership will now include AngioDynamics' oncology portfolio, with the addition of the Italian market in the distribution agreement.
In September 2020, Boston Scientific Corporation announced that it had signed an investment agreement with an exclusive option to acquire Farapulse, Inc., a privately-held company developing a pulsed field ablation (PFA) system for the treatment of atrial fibrillation (AF) and other cardiac arrhythmias. This PFA system - comprising a sheath, generator, and catheters - is intended to ablate heart tissue via the creation of a therapeutic electric field instead of using thermal energy sources such as radiofrequency ablation or cryoablation.

Competitive Landscape and Global Tumor Ablation Market Share Analysis
The global tumor ablation market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

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Some of the major market players operating in the global tumor ablation market are Boston Scientific Corporation (U.S.), Medtronic (U.S.), Olympus (Germany), Stryker (U.S.), Biotronik (Germany), Merit Medical Systems. (Utah), HealthTronics, Inc. (U.S.), Insightec. (Israel), AngioDynamics. (New York), Integra LifeSciences (U.S.), Bioventus LLC. (U.S.), Ethicon Inc. (A Subsidiary of Johnson & Johnson) (U.S.), EDAP TMS (Auvergne-Rhône-Alpes), Sonablate Corp. (U.S.), BVM Medical Limited (England), Terumo Europe NV (Belgium), and IceCure Medical (Israel) among others.

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