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Oncology Ablation Market Competitive And Growth Analysis 2024 | Medtronic plc, Siemens Healthineers AG, Becton Dickinson and Company, Koninklijke Philips N.V
Oncology Ablation Global Market Report 2024
As per the report, the oncology ablation market size has grown rapidly in recent years. It will grow from $1.15 billion in 2023 to $1.30 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The oncology ablation market size is expected to see rapid growth in the next few years. It will grow to $2.09 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%.
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What Is Driving The Growth Of The Global Oncology Ablation Market?
Impact Of Increasing Cancer Diagnoses On The Oncology Ablation Market
The increasing number of cancer diagnoses is expected to propel the growth of the oncology ablation market going forward. Cancer diagnosis refers to the process of identifying and confirming the presence of cancer through medical tests, imaging, and pathological analysis of tissue samples. The rising number of cancer diagnoses is due to several factors, such as aging populations, improved screening programs, heightened awareness leading to earlier detection, and environmental factors. Oncology ablation is used to treat tumors detected through cancer diagnoses, offering minimally invasive options to destroy tumors and improve patient outcomes. For instance, in May 2024, according to the National Cancer Institute, the US-based federal government's principal agency for cancer research and training, around 2,001,140 new cancer cases are expected in the United States in 2024, with prostate, lung, and colorectal cancers comprising approximately 48% of all diagnoses in men. By 2040, the annual number of new cancer cases is projected to surge to 29.9 million, highlighting a significant future increase in cancer incidence. Furthermore, in June 2022, according to the American Cancer Society, a US-based non-profit cancer awareness organization, around 1.9 million new cancer cases were diagnosed in the USA in 2022. Therefore, an increasing number of cancer diagnoses will drive the oncology ablation market.
What Is The Key Trend In The Global Oncology Ablation Market?
Innovative Developments In Oncology Ablation Technology Boost Market Growth
Major companies operating in the oncology ablation market are developing innovative products such as advanced ablation systems with improved precision, integrated imaging technologies for real-time guidance, and enhanced safety features. Advanced ablation systems with improved precision refer to medical devices that use advanced technology to precisely target and destroy abnormal tissue, such as tumors, while minimizing damage to surrounding healthy tissue.
How Is The Global Oncology Ablation Market Segmented?
The oncology ablation market covered in this report is segmented -
1) By Technology: Radiofrequency Ablation, Microwave Ablation, Cryoablation, Irreversible Electroporation Ablation
2) By Treatment: Surgical Ablation, Laparoscopic Ablation, Percutaneous Ablation
3) By Application: Kidney Cancer, Liver Cancer, Breast Cancer, Lung Cancer, Prostate Cancer
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How Is The Competitive Landscape Of The Global Oncology Ablation Market?
Major companies operating in the oncology ablation market are Medtronic plc, Siemens Healthineers AG, Becton Dickinson and Company, Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies Inc., Boston Scientific Corporation, Edwards Lifesciences Corporation, Varian Medical Systems Inc, PENTAX Medical, Elekta AB, Merit Medical Systems Inc, AtriCure Inc, AngioDynamics Inc., EDAP TMS S.A., Monteris Medical Inc., Misonix Inc., MedWaves Inc., BSD Medical Corporation, Cardiva Medical Inc.
Contents Of The Global Oncology Ablation Market
1. Executive Summary
2. Oncology Ablation Market Report Structure
3. Oncology Ablation Market Trends And Strategies
4. Oncology Ablation Market - Macro Economic Scenario
5. Oncology Ablation Market Size And Growth
…..
27. Oncology Ablation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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