Ablation Technologies Market to Expand at a 12.10% CAGR from 2014 to 2020

Transparency Market Research has published a new research report that discusses the recent developments in the global ablation technologies market. According to the research report, titled “Ablation Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, the market is set to grow at a remarkable pace in the near future. This research report offers an in-depth evaluation of the market along with a SWOT and a Porter’s five forces analysis. The research report also studies the global ablation technologies market’s political, economic, social, technological, legal, and environmental aspects to chart its trajectory.

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According to the research report, the global ablation technologies market was worth US$4.6 bn in 2013 and is expected to register a CAGR of 12.10% from 2014 to 2020 to reach a valuation of US$10.6 bn in 2020. The steady rise in the patient pool, especially those suffering from cardiovascular diseases and cancer, is leading to a rise in the demand for ablation devices. Statistics released by the WHO reveal that cardiovascular diseases result in 17 million deaths every year, of which several are attributable to atrial defibrillation. Furthermore, in 2012 records showed that about 14 million people had developed cancer that year, another 32 million were living with different type of cancers, and cancer resulted in about 8 million deaths in the year.

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The global ablation technologies market is segmented on the basis of technology, application, and geography. The technologies used in this market are cryotherapy, radiofrequency (RF), light or laser, ultrasound or high intensity focused ultrasound (HIFU), electrical, microwave, and others. The applications of these technologies are seen in areas such as oncology, gynecology, cardiovascular, pain management, urology, ophthalmology, and others. Geographically, this market is divided into North America, Europe, Asia Pacific, and Rest of the World.

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According to the research report published by Transparency Market Research, the radiofrequency-based ablation technology segment is expected to lead the global ablation technologies market in terms of revenue. This segment is expected to reach a valuation of US$4.2 bn by 2020. Furthermore, the oncology segment is expected to experience a robust CAGR of 13.10% from 2014 to 2020. The ongoing technological advancements in ablation devices have given the world a wide range of products that have assured safety and efficacy for the consumers. This has led to steady growth of the market in recent years.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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