Top Market Shifts Transforming the Tumor Ablation Market Landscape: Key Insights

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What Is the Expected CAGR for the Tumor Ablation Market Through 2025?
The market size of tumor ablation has experienced swift growth in the last few years. It is projected to rise from $1.45 billion in 2024 to $1.62 billion in 2025, boasting a compound annual growth rate (CAGR) of 12.1%. The notable growth experienced during the historical period can be traced back to advancements made in more accurate and efficient ablation techniques, increased healthcare spending in developing economies, the aging demographic, the intensifying challenge of cancer, and the global increase in cancer prevalence.

What's the Projected Size of the Global Tumor Ablation Market by 2029?
The market size for tumor ablation is projected to experience a swift expansion in the coming years. It is anticipated to amplify to $2.54 billion by 2029 with a compound annual growth rate (CAGR) of 11.8%. The enlargement during the forecast period can be tied to rising cancer cases, the proliferation of minimally invasive procedures, broadening applications, enhancement in healthcare cost-effectiveness, and an increase in awareness and education. Key trends for the forecast period encompass technological progression, the ongoing enhancement of advanced ablation technologies, the incorporation of artificial intelligence, an emphasis on outpatient settings, and patient-oriented strategies.

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Top Growth Drivers in the Tumor Ablation Industry: What's Accelerating the Market?
The expansion of the tumor ablation market is predicted to be propelled by the increase in minimally invasive procedures. These procedures are medical or surgical interventions necessitating minor or no incisions. Minimally invasive procedures have grown in popularity due to their shorter recovery periods, decreased risk of complications, and less post-operative pain than conventional surgeries. Tumor ablation, which employs techniques such as radiofrequency, microwave, or cryoablation to eradicate cancer tissues, is used in minimally invasive procedures, thereby limiting damage to surrounding healthy tissue and reducing recovery times. For example, Intuitive Surgical Inc., a manufacturer of robotic products from the USA, announced that they had installed 415 da Vinci surgical systems, which utilize a minimally invasive surgical method, during the fourth quarter of 2023, marking a 12% rise compared to 2022. Therefore, the increase in minimally invasive procedures is fueling expansion in the tumor ablation market.

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What Trends Will Shape the Tumor Ablation Market Through 2029 and Beyond?
Leading enterprises in the tumor ablation market are working on cutting-edge products like bone tumor ablation systems to improve treatment effectiveness, enhance patient prognosis, and increase the spectrum of tumors that can be treated. Bone tumor ablation systems are unique medical devices used for treating bone tumors via minimally invasive methods. For instance, Medtronic plc, a medical device company from Ireland, in March 2024, got clearance from the U.S. Food and Drug Administration (FDA) 510(k) for its OsteoCool 2 bone tumor ablation system. This advanced system is made to cure painful bone metastases and benign bone tumors such as osteoi osteoma. The OsteoCool 2.0 system facilitates the simultaneous utilization of four internally cooled probes, which empowers physicians to ablate two vertebral bodies at once or make larger ablation regions in extra-spinal applications. This system can deliver 20W per channel, which is more than double the power of the Stryker OptaBlate bone tumor ablation system.

What Are the Main Segments in the Tumor Ablation Market?
The tumor ablation market covered in this report is segmented -

1) By Type: Thermal Ablation, Chemical Ablation
2) By Types Of Treatment: Percutaneous, Laparoscopic, Surgical
3) By Application: Kidney Cancer, Liver Cancer, Breast Cancer, Lung Cancer, Prostate Cancer, Other Cancer
4) By End Users: Hospitals, Oncology Centers, Other End Users

Subsegments:
1) By Thermal Ablation: Radiofrequency Ablation (RFA), Microwave Ablation (MWA), Cryoablation, Laser Ablation, High-Intensity Focused Ultrasound (HIFU)
2) By Chemical Ablation: Ethanol Ablation, Acetic Acid Ablation, Chemotherapy-Based Ablation (Chemoembolization)

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Which Top Companies are Driving Growth in the Tumor Ablation Market?
Major companies operating in the tumor ablation market are Abbott Laboratories, Medtronic plc, Siemens Healthineers AG, Stryker Corporation, Boston Scientific Corporation, Olympus Corporation, Terumo Corporation, Varian Medical Systems Inc., Merit Medical Systems Inc., Bioventus LLC, Accuray Incorporated, AtriCure Inc., AngioDynamics Inc., EDAP TMS S.A., NeuWave Medical Inc., Mirabilis Medical Inc., STARMed Co. Ltd., Profound Medical Corp., RF Medical Co. Ltd., IceCure Medical Ltd., MedWaves Inc., Chongqing Haifu Medical Technology Co. Ltd.

Which Regions Will Dominate the Tumor Ablation Market Through 2029?
North America was the largest region in the tumor ablation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tumor ablation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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