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Good Growth Opportunities in Global Thermal Ablation Devices Market till 2024
Thermal ablation is used in various fields namely fibroids, liver cancer, epilepsy, varicose veins and others. With the help of focused ultrasound transducers along with various size the damaged tissue can be controlled accurately. Most of the devices use radiofrequency technology to heat tumor tissue, thermal ablation device with radiofrequency helps in predictable the volumes of tissue are ablated. Thermal ablation is a minimally invasive procedure consist of catheter with a thin needle electrode introduced in tumor under imaging guidance and energy deposited through electrode by this catheter produces heat of the surrounding tissues which helps in sooner recovery and improved safety of patients.
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Thermal ablation devices market are witnessing robust growth owing to increasing prevalence of chronic disease along with aging population which lead to increase in volume of minimal invasive surgery having benefit over traditional surgical procedures and cost effective treatment. In addition, less procedure timelines, low risk and damage to tissue with minimally invasive procedure drives the thermal ablation devices market in near future. However, with inadequate imaging, defined size of clotting area reduce the performance of the thermal ablation and negative effect of treatment can hamper the thermal ablation devices market.
Based on technology, radiation therapy is the most applicable form of technology used in cancer treatment as compared to other techniques used by most radiologists. It has been observed that due to its extensive usage, various method of applications and acceptance in population, radiation therapy will enjoy majority of share in thermal ablation devices. With increase in the consumer awareness and cardiologists towards usage and positive outcomes of latest thermal ablation technology owing to its advance features and technology as compared to other techniques namely microwave, hydrothermal and hydro mechanical ablation exhibits the growth of thermal ablation devices in near future.
Depending on geographic region, thermal ablation devices market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America held the largest revenue share in the thermal ablation devices market followed by Europe and Asia Pacific owing to increase in geriatric population, technological advancements, growing consumer awareness, increasing prevalence of cancer, cardiovascular and orthopedic disorder in these regions. The developing nations in Asia Pacific, Middle East and Africa hold huge potential for growth in the thermal ablation devices market due to increase in healthcare expenditure, per capita income and accessibility.
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Some of the key participating global players in thermal ablation devices market are Boston Scientific Corporation, AngioDynamics Inc, Endo Health Solutions, Inc., InSightec LTD/Elbit Imaging LTD, Covidien PLC, Hologic, Inc., ST. JUDE MEDICAL, Johnson & Johnson, Solta Medical, Inc., Zeltiq Aesthetics, Inc., Accuray Incorporated and Syneron Medical LTD.
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