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Top Factor Driving Oncology Ablation Market Growth in 2025: Impact Of Increasing Cancer Diagnoses On The Oncology Ablation Market
Oncology Ablation
The increasing number of cancer diagnoses is expected to drive the oncology ablation market. As cancer diagnoses rise due to factors like aging populations and environmental influences, oncology ablation, a minimally invasive treatment for tumors, becomes more relevant. The National Cancer Institute projects over 2 million new cancer cases in the U.S. in 2024, with the number expected to grow significantly by 2040. This rise in cancer diagnoses is fueling the growth of the oncology ablation market.
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What is the future CAGR of the oncology ablation market, and how will it impact industry expansion?
The oncology ablation market has grown rapidly, increasing from $1.3 billion in 2024 to $1.46 billion in 2025 at a CAGR of 12.9%. Growth has been driven by the increasing prevalence of cancer, a rising preference for minimally invasive procedures, increased healthcare spending, approvals of new ablation devices, improved cancer screening programs, and a growing geriatric population.
The Oncology Ablation Market is set to grow to $2.35 billion by 2029, at a CAGR of 12.6%. Growth drivers include continuous advancements in ablation technology, increasing adoption in emerging economies, expansion of personalized and precision medicine, governmental support for cancer research, rising demand for outpatient procedures, and growing public and professional awareness. Major trends include AI integration, imaging technology improvements, robotic-assisted ablation procedures, advanced ablation devices with enhanced efficacy and safety, and the use of telemedicine for remote pre- and post-ablation care.
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What are the most significant trends transforming the oncology ablation market today?
Companies in the oncology ablation market are working on innovative ablation systems with improved precision, integrated imaging for real-time guidance, and enhanced safety features. These advanced systems are designed to accurately target and destroy abnormal tissue while minimizing damage to surrounding healthy tissue. In March 2024, Medtronic, an Ireland-based medical equipment manufacturer, received FDA approval for the OsteoCool 2.0 bone tumor ablation system. This updated system can use four internally cooled probes simultaneously, enabling the treatment of two vertebral bodies at once or larger zones in non-spinal areas, providing more effective and efficient treatment for bone metastases and benign tumors.
Which key market segments comprise the oncology ablation market and drive its revenue growth?
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
Subsegments:
1) By Radiofrequency Ablation: Monopolar Radiofrequency Ablation, Bipolar Radiofrequency Ablation
2) By Microwave Ablation: Single-Probe Microwave Ablation, Multi-Probe Microwave Ablation
3) By Cryoablation: Cryo-Needle Ablation, Cryo-Generator System Ablation
4) By Irreversible Electroporation Ablation: Transurethral IRE, Transperineal IRE, Percutaneous IRE
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Which geographical regions are pioneering growth in the oncology ablation market?
North America was the largest region in the oncology ablation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oncology ablation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the 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.
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What Is Covered In The Oncology Ablation Global Market Report?
•Market Size Forecast: Examine the oncology ablation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the oncology ablation market for a structured understanding.
•Key Players Overview: Analyze major players in the oncology ablation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the oncology ablation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the oncology ablation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the oncology ablation market.
•Industry Challenges: Identify potential risks and obstacles affecting the oncology ablation market.
•Competitive Landscape: Review strategic developments in the oncology ablation market, including expansions, agreements, and new product launches.
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