openPR Logo
Press release

Tumor Ablation Market to Expand at a CAGR of 12.2% by 2024

03-23-2018 02:18 PM CET | Health & Medicine

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Tumor Ablation Market to Expand at a CAGR of 12.2% by 2024

The global tumor ablation market features intense competition and fragmentation due to the presence of several large companies, observes Transparency Market Research (TMR) in a new report. That being said, immense growth opportunities in the market to attract new vendors is likely to escalate competition. Among the key vendors currently operating in the tumor ablation market, Medtronic plc. is a prominent one. The prominence of the company is mainly because of a diverse product portfolio and continual efforts to expand product portfolio as well as advancement of successful ones. Extensive geographical outreach has also helped Medtronic gain ground over its competitors.

Some other key names to mention in the tumor ablation market are Integra LifeSciences Holding Corporation, BTG International Ltd., Boston Scientific Corporation, AngioDynamics Inc., Sonacare Medical LLC, BVM Medical Limited, and St. Jude Medical Inc.

Request for Sample Copy of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18656

As per estimates of a market intelligence study by TMR, the global tumor ablation market is likely to expand at a CAGR of 12.2% in terms of revenue between 2017 and 2024. Expanding at this rate, the market is likely to be worth US$1949.5 mn by the end of 2024. Based on technology, radiofrequency ablation is a lucrative segment driven by global aging population. Among disease indication segments, liver cancer held prominence in the overall market due to increasing incidence of liver diseases.

Rising Incidence of Cancer Globally Fuels Growth

Primarily driving the tumor ablation market is higher efficacy of tumor ablation over traditional therapies.. Radiation, chemotherapy, and surgery are traditional line of treatment for cancer. Tumor ablation involves minimally invasive procedures to treat solid cancers. Radiofrequency waves, laser, microwaves, or ultrasound are used to burn or freeze cancer cells, which are later removed using minimally invasive surgery.

Worldwide, rising incidence of cancer is a significant factor fuelling the tumor ablation market. According to World Health Organization (WHO), cancer is the second-leading cause of death globally accounting for 8.3 million deaths each year. Asia, Africa, and Central and South America collectively account for more than 60% new cancer cases.

Request for TOC @ https://www.transparencymarketresearch.com/report-toc/18656

In addition, increasing preference for minimally invasive procedures is propelling the tumor ablation market. Radiofrequency ablation, cryoablation, laser interstitial thermal ablation, microwave ablation, high-intensity focused ultrasound are some commonly used minimally invasive ablation techniques for cancer.

Furthermore, increasing discretionary funding for cancer research is acting in favor of tumor ablation market. Several governments especially in developed countries actively raise funds for cancer research to develop novel diagnosis techniques and line of treatment for cancer. For example, in April 2016, the U.S. government allocated US$5.2 bn for the National Cancer Institute (NCI) to boost cancer research and training.

The rising acceptance of innovative technologies is a key trend that has come to the fore for medical treatments. Adoption of tumor ablation practices and advancements in corresponding devices show exciting prospects for tumor treatment in the future. Initiatives undertaken by governments for cancer awareness programs and patient support programs are benefitting the tumor ablation market. For instance, Public Health England under the Department of Health in the U.K introduced ‘Be Clear on Cancer’ public awareness program for cancer.

Lastly, increasing global geriatric population which is more susceptible to lethal diseases is driving the growth of this market.

Obtain Report Details @ https://www.transparencymarketresearch.com/tumor-ablation-market.html

High Cost of Treatment Limits Adoption

However, on the flip side, lack of awareness of tumor ablation techniques and limited reimbursement for tumor ablation is challenging the adoption of tumor ablation. Moreover, high research and development costs and staggering high prices of next-generation effective cancer treatment is holding back the tumor ablation market.

About Us

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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us

Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Tumor Ablation Market to Expand at a CAGR of 12.2% by 2024 here

News-ID: 990794 • Views:

More Releases from Transparency Market Research

Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
In 2022, the worldwide 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 garnered a valuation of US$ 382.5 billion. Projections indicate a steady growth trajectory, with a compound annual growth rate (CAGR) of 13.1% anticipated from 2023 to 2031, ultimately culminating in a total valuation of US$ 1.1 trillion by the conclusion of 2031. Market analysts foresee a promising outlook characterized by the burgeoning prevalence of chronic diseases and the increasing adoption of smartphones and internet
Global Data Center Networking Market Set to Surge, Forecasted to Reach US$ 56.3 …
The Data Center Networking Market is poised for remarkable growth, driven by the burgeoning demand for cloud-native applications and the rapid adoption of data center virtualization and cloud computing. With an estimated value of US$20.6 billion in 2021, the market is projected to surge at a robust CAGR of 10.8% from 2022 to 2031, reaching a staggering US$56.3 billion by the end of 2031. Get Sample Copy of This Report at:

All 5 Releases


More Releases for TMR

Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future. Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200 Among regions, North America,
TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the