Global Microwave Ablation Devices Market Size, Share, and Forecast Analysis 2025-2029

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What Are the Microwave Ablation Devices Market Size Forecast for 2025?
In recent years, there has been a significant expansion in the market size for microwave ablation devices. It is predicted to rise from $0.42 billion in 2024 to $0.47 billion in 2025, showcasing a compounded annual growth rate (CAGR) of 10.8%. This growth during the historical period can be credited to several factors, including a surge in cancer cases, an increased preference for minimally invasive procedures, the limited impact of conventional therapies, a rising incidence of cardiac rhythm disorders, and growing application in liver and lung tumors.

What Is the Market Size Outlook for Microwave Ablation Devices Until 2029?
In the next few years, the microwave ablation devices market is projected to witness swift growth. By 2029, it is expected to reach $0.70 billion with a compound annual growth rate (CAGR) of 10.5%. The factors contributing to this projected growth during the forecast period include an increasing inclination towards outpatient ablation, enhancements in reimbursement policies, growing adoption in developing markets, a rise in the elderly population, and a heightened use of image-guided navigation systems. The forecast period is also set to see significant trends such as the creation of compact and portable devices, the use of AI-driven procedural planning, the emergence of combined therapies with immunotherapy, and the rising application of multi-organ ablation strategies.

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What Are the Major Factors Driving Demand in the Microwave Ablation Devices Market?
The surge in cancer incidences is likely to boost the expansion of the microwave ablation devices market in the future. Abnormal cells that multiply without control and potentially spread throughout the body characterize cancer, a disease that's prevalence is increasing, largely due to people living longer lives and thus being more susceptible to age-related diseases such as cancer. The microwave ablation devices market is focusing on treating cancer by using devices that transmit electromagnetic waves producing heat capable of eliminating tumor cells. This precise and minimally invasive method avoids damage to healthy tissue and facilitates a speedier recovery. For example, the World Health Organization, a Switzerland-based intergovernmental organization reported in February 2024 that by 2050, there would be over 35 million new cases of cancer, a rise of 77% compared to the estimated 20 million cases in 2022. This upswing in cancer incidences therefore underpins the advancement of the microwave ablation devices market.

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How Are End-Use Segments Shaping the Microwave Ablation Devices Market Outlook?
The microwave ablation devices market covered in this report is segmented -

1) By Product Type: Portable Wireless Ultrasound Devices, Handheld Ultrasound Devices
2) By Technology: Pulsed Echo Technology, Continuous Wave Technology, Thermal Ultrasound Technology
3) By Frequency Range: Low Frequency (1-5 Megahertz), High Frequency (5-15 Megahertz), Very High Frequency (>15 Megahertz)
4) By Application: Oncology, Cardiovascular, Urology, Orthopedic, Other Applications
5) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers

Subsegments:
1) By Portable Wireless Ultrasound Devices: Laptop-Based Ultrasound Systems, Tablet-Based Ultrasound Systems, Smartphone-Integrated Ultrasound Devices, Trolley-Mounted Portable Units
2) By Handheld Ultrasound Devices: Single-Probe Handheld Ultrasound, Dual-Probe Handheld Ultrasound, Linear Array Handheld Ultrasound, Convex Array Handheld Ultrasound

What Are the Strategic Trends Transforming the Microwave Ablation Devices Market Landscape?
Leading firms in the microwave ablation devices market are prioritizing the development of innovative products that are endorsed by regulatory bodies, such as high-precision microwave ablation systems, to enhance the outcomes of minimally invasive cancer treatments. A high-precision microwave ablation system is a cutting-edge medical device that employs targeted microwave energy to accurately eradicate tumor tissue. It creates focused heat while causing minimal damage to adjacent healthy structures, thereby improving the safety and efficacy of the treatment. For instance, Hygea Medical Technology Co. Ltd., a Chinese manufacturer of medical equipment, obtained approval from the Food and Drug Administration (FDA) in January 2024 for their EXCEED microwave treatment system and EXACT series microwave ablation probe. This approval came on the heels of the prior National Medical Products Administration (NMPA) approval in China and was secured through a prompt and effective review process. The FDA endorsement certifies the safety, effectiveness, and quality of Hygea's products for managing various solid tumors in soft tissues, signifying a crucial progression for Hygea in broadening its reach in the global market, particularly the US, where the microwave ablation market is located. This system supplements existing cancer treatments by providing a high-precision, minimally invasive option for thermal ablation.

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Who Are the Prominent Companies in the Microwave Ablation Devices Market by ?
Major companies operating in the microwave ablation devices market are Vispero Holdings LLC, HumanWare Group, Freedom Scientific Inc., Aira Tech Corp., Low Vision International AB, IrisVision Global Inc., SELVAS Healthcare Inc., KAPSYS PTE. LTD., Sight and Sound Technology, Envision Technologies B.V., American Thermoform Co

Which Region Is Expected to See the Highest CAGR in the Microwave Ablation Devices Market?
North America was the largest region in the microwave ablation devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the microwave ablation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This release was published on openPR.