Ablation Devices Market is Expected to Witness a CAGR of 10.9% During the Period 2017 – 2025

Ablation is a form of minimally invasive surgery or laparoscopic surgery that is performed with the help of thin scopes and instruments referred to as ablation devices. These devices are used to make thin incisions in the skin for the removal of malfunctioning tissues of small tumors within the body. The ablation technique is an advancement to the conventional form of surgery known as open surgery, wherein a midline incision is made at the affected area. The ablation technique is beneficial in many ways, as it produces least possible damages to the biological structures and at the same time achieves the same efficiency, success, and performance as that of open surgical procedures. Thus, the demand for ablation devices for various tumor removal procedures is expected to witness exponential growth over the forecast period.

The ablation devices market is expected to gain traction in the foreseeable future as these devices are useful in treatment of a wide number of diseases and medical conditions. Manufacturers are focused on increasing the precision and accuracy of ablation devices to meet the rising demands without compromising on quality of the surgical instrument.

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Market Dynamics

Growing incidence of tumorigenic cancers such as lymph node cancer, lung cancer, and breast cancer as well as small tissue mass formation in the renal and pancreatic areas serve as key factors fueling the growth of the global ablation devices market. Another major factor contributing to the growth of ablation devices market are rising cases of cardiovascular diseases. According to World Health Organization (WHO), over three quarters of deaths due to cardiovascular disorders occur in low and middle income countries. This suggests need for cost-effective and efficient treatment options for such diseases. As per the statistics by National Cancer Institute, there were around14,738,719 people living with cancer in the U.S. Rising awareness among people regarding the benefits of minimally invasive surgeries also fuel the market growth.

Market Taxonomy

This report segments the global ablation devices market on the basis of application, technology, function, procedure, end user, and geography. On the basis of application, the global ablation devices market is segmented into cancer, ophthalmology, cardiovascular, urology, orthopedics, gynecology, and others. On the basis of technology, the global ablation devices market is segmented into radiofrequency ablation, microwave ablation, cryoablation, high-intensity focused ultrasound ablation, laser interstitial thermal ablation, and others. On the basis of function, the global ablation devices market is segmented into automated (robotic) and conventional. Based on end user, the global ablation devices market is segmented as hospitals, ambulatory surgical centers, specialty clinics, and others. On the basis of procedure, the global ablation devices market is segmented into tumor ablation, varicose veins, atrial fibrillation, and aesthetics-skin rejuvenation and tightening, laser and other energy based therapies, and others. On the basis of geography, the market is segmented in to North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Key features of the study:

This report provides in-depth analysis of the global ablation devices and its application, market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2017 – 2025, considering 2015 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for the ablation devices market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global ablation devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

Key companies covered as a part of this study include Arthrex, Boston Scientific Corporation, Medtronic Plc, Intuitive Surgical, Inc., Johnson & Johnson, Inc., Halyard Health, Abbott Laboratories, EDAP TMS S.A., AtriCure, Inc., and Smith & Nephew.

Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, distribution channel upgrades, market expansion, and marketing tactics

The global ablation devices market report caters to various stakeholders in this industry, including investors, drug manufacturers, distributors, and suppliers for ablation devices market, research and consulting firms, new entrants, and financial analysts

Various strategy matrices used in analyzing the ablation devices market would provide stakeholders vital inputs to make strategic decisions accordingly

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