Press release
Global Cryoablation Devices Market to Reach $0.92 Billion by 2029, Growing at 10.4% CAGR
Cryoablation Devices
The increasing prevalence of cardiovascular diseases is expected to spur the growth of the cryoablation devices market. Cardiovascular diseases, such as coronary artery disease and arrhythmias, are rising due to factors like aging populations and lifestyle-related risk factors. Cryoablation devices treat conditions like atrial fibrillation by creating controlled lesions in heart tissue to restore normal rhythms. In June 2024, the Australian Institute of Health and Welfare reported an increase in coronary heart disease-related deaths. This growing prevalence is driving demand for cryoablation devices.
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What growth opportunities are expected to drive the cryoablation devices market's CAGR through 2034?
The cryoablation devices market has experienced rapid growth in recent years. It will grow from $0.56 billion in 2024 to $0.62 billion in 2025, reflecting a CAGR of 10.8%. This growth can be attributed to government funding, expanded cryoablation training, the rise of outpatient surgery centers, hybrid treatment approaches, and an increase in outpatient procedures.
The cryoablation devices market is expected to reach $0.92 billion by 2029 at a CAGR of 10.4%. The growth is driven by the increasing prevalence of cancer, cardiovascular diseases, clinical trials, the aging population, and tobacco/alcohol consumption. Trends include technological advancements, portable devices, nanotechnology integration, hybrid procedures, and AI.
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What are the emerging trends shaping the future of the cryoablation devices market?
Companies in the cryoablation devices market are developing advanced tools like cryoprobes to improve treatment accuracy. A cryoprobe is used in cryotherapy to treat conditions like tumors by applying extreme cold. In May 2023, Varian launched the Isolis cryoprobe, a disposable device that offers precise freezing for tumor treatment. It features a sharp tip and can be integrated with Siemens Healthineers' guidance system for improved probe placement.
Which growth-oriented segments of the cryoablation devices market are leading the industry's development?
The cryoablation devices market covered in this report is segmented -
1) By Type: Probe, Tissue Contact Probe Ablators, Epidermal And Subcutaneous Cryoablation Systems, Systems, Generator, Accessories And consumables
2) By Application: Cardiology, Oncology, Other Applications
3) By End-Use: Hospitals, Ambulatory Surgical Centers, Specialty Centers, Other End-Users
Subsegments:
1) By Probe: Cryoprobes, Thermal Probes, Radiofrequency Probes
2) By Tissue Contact Probe Ablators: Microwave Ablators, RF Ablators, Ultrasound Ablators
3) By Epidermal and Subcutaneous Cryoablation Systems: Spray-Based Systems, Contact-Based Systems
4) By Systems: Standalone Systems, Integrated Systems
5) By Generator: High-Frequency Generators, Low-Frequency Generators
6) By Accessories and Consumables: Needles, Catheters, Gas Cartridges, Cooling Agents
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What regions are leading the charge in the cryoablation devices market?
North America was the largest region in the cryoablation devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cryoablation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the cryoablation devices market?
Major companies operating in the cryoablation devices market are Medtronic plc, Siemens Healthineers AG, GE Healthcare, Boston Scientific Corporation, Varian Medical Systems Inc., CooperSurgical Inc., MicroPort Scientific Corporation, PENTAX Medical, AtriCure Inc., Vimecon GmbH, Erbe Elektromedizin GmbH, MedGyn Products Inc., HealthTronics Inc., METRUM CRYOFLEX Sp. z o.o., BVM Medical Limited., Adagio Medical Inc., Channel Medsystems Inc., CPSI Biotech, CryoTherapeutics GmbH, Endocare Inc., Galil Medical Ltd., Sanarus Technologies Inc., IceCure Medical Ltd.
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What Is Covered In The Cryoablation Devices Global Market Report?
•Market Size Forecast: Examine the cryoablation devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cryoablation devices market for a structured understanding.
•Key Players Overview: Analyze major players in the cryoablation devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cryoablation devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cryoablation devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cryoablation devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the cryoablation devices market.
•Competitive Landscape: Review strategic developments in the cryoablation devices market, including expansions, agreements, and new product launches.
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