Ablation Devices Market on Track for Strong Growth, Estimated to Grow at 9% CAGR Through 2029

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What Is the Expected CAGR for the Ablation Devices Market Through 2025?
Over the past years, the market size of ablation devices has experienced significant growth. Its growth is projected to extend from $8.49 billion in 2024 to $9.25 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this growth during the historic period include the surge in chronic diseases, an expanding elderly community, governmental initiatives and financing, clinical proofs and studies, and increased awareness amongst medical practitioners.

What's the Projected Size of the Global Ablation Devices Market by 2029?
S2: We anticipate robust expansion in the market size of ablation devices over the coming years, predicted to reach a value of $13.04 billion by 2029 with a CAGR of 9.0%. This projected increase within the forecasted timeline can be attributed to factors such as the enhancement of healare infrastructure, the emergence of ablation devices combined with imaging technologies, a rise in disposable income, quicker regulatory approvals, and the heightened awareness of patients. Future trends expected to play a critical role during this forecast period include the growing use of robotics, the widened application of non-oncology uses, the development of real-time image flow types, telemedicine, remote supervision, and the increased uptake of individualized ablation treatment plans tailored to the patient.

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Top Growth Drivers in the Ablation Devices Industry: What's Accelerating the Market?
The projected surge in chronic diseases is anticipated to fuel the expansion of the ablation device market. This surge is attributed to changes in lifestyle, aging demographics, and improved life expectancy. Ablation devices, which are employed to selectively eradicate abnormal tissue, provide less invasive treatment alternatives for conditions such as cardiac arrhythmias and specific cancers. For example, a report released by the American College of Cardiology, a non-profit medical association based in the US, in August 2022, predicts that all four major cardiovascular risk factors will rise from 2025 to 2060 in the United States. The largest percentage increase is expected to be in diabetes, with an increment of 39.3% to 55 million people, followed by dyslipidemia (27.6% up to 126 million), hypertension (25.1% up to 162 million), and obesity (18.3% up to 126 million). Other predicted substantial increases in cardiovascular disease rates include stroke (33.8% to 15 million) and heart failure (33.4% to 13 million), while ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million) are not far behind. As a result, the ablation device market's growth is being driven by the rising incidence of chronic diseases.

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What Trends Will Shape the Ablation Devices Market Through 2029 and Beyond?
Leading businesses in the ablation devices market are concentrating their efforts on creating innovative solutions like the cryoballoon ablation system to combat Barrett's esophagus. This system is a medical tool designed to treat cardiac arrhythmias by freezing and ablating tissue via a balloon-based catheter. For example, in October 2022, Pentax of America Inc., a medical device firm from Japan, launched the C2 CryoBalloon Ablation System in Canada for the treatment of Barrett's esophagus. The newly introduced system has shown significant efficacy in dealing with Barrett's esophagus. Patients have reported experiencing less severe and short-term pain and a reduced reliance on pain medication compared to conventional Radio Frequency Ablation (RFA) treatments.

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

1) By Product: Laser Ablators, Radiofrequency Ablators, Microwave Ablators, Ultrasound Ablators, Electric Ablators, Hydrothermal Ablators, Cryoablators
2) By Technology Type: Radiofrequency Ablation, Microwave Ablation, Cryoablation, High-Intensity Focused Ultrasound, Laser Interstitial Thermal Ablation, Other Technology Types
3) By Function: Automatic, Robotic
4) By End-Users: Hospitals And Clinics, Ambulatory Surgical Centers, Others End-Users

Subsegments:
1) By Laser Ablators: Diode Laser Systems, CO2 Laser Systems, Nd-YAG Laser Systems
2) By Radiofrequency Ablators: Monopolar Radiofrequency Ablators, Bipolar Radiofrequency Ablators
3) By Microwave Ablators: Microwave Ablation Systems
4) By Ultrasound Ablators: High-Intensity Focused Ultrasound (HIFU) Systems
5) By Electric Ablators: Electrosurgical Ablators
6) By Hydrothermal Ablators: Steam Ablation Systems
7) By Cryoablators: Cryoablation Systems

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Which Top Companies are Driving Growth in the Ablation Devices Market?
Major companies operating in the ablation devices market are Johnson And Johnson, Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, Alcon Inc., Olympus Corporation, Smith And Nephew PLC, Cynosure Inc., Hologic Inc., Bausch And Lomb Incorporated, Varian Medical Systems, CONMED Corporation, Avanos Medical Inc., Japan Lifeline Co., AtriCure Inc., AngioDynamics Inc., Syneron Medical Ltd., Dornier MedTech GmbH, EDAP TMS, CathRx Ltd.

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

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