Ablation Devices Market Size By Technology (Electrical {Electrical Ablators, Electrical Brachytherapy}, Radiation {Brachytherapy, Stereotactic Radiotherapy and Radiosurgery, Image Guided Radiation Therapy, Intensity Modulated Radiation Therapy, Stereotactic Body Radiation Therapy, Proton Beam Therapy} Radiofrequency, Light {Cold Laser, Excimer Laser}, Ultrasound {High Intensity Focused Ultrasound, Magnetic Resonance Imaging Guided Focused Ultrasound, Ultrasonic Surgical System, Shock Wave Lithotripsy}, Cryotherapy {Tissue Contact Probe, Cryogen Spray Probe, Epidermal and Subcutaneous Cryoablation Device}, Thermal, Microwave, Hydromechanical), By Product (Disposable, Capital, Reusable), By Application (Cardiology, Oncology, Ophthalmology, Pain Management, Gynaecology, Urology, Orthopaedic Treatment, Cosmetic Surgery), By End Use (Hospitals, Ambulatory Surgical Centers, Others), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Jun 2019  |  Report ID: GMI3419  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 300   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Ablation Devices Market size exceeded USD 12.7 billion in 2018 and is poised to grow at over 10.4% CAGR between 2019 and 2025.
 

Increasing adoption of minimally invasive techniques, increasing ablation procedures, growing geriatric population, rising cases of cancer, and growing healthcare awareness will augment the market growth. Moreover, improving medical reimbursements and advancement in healthcare technology are factors boosting the market revenue.
 

Ablation Devices Market

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However, stringent government approval is one of the major reasons hindering the market growth. Also, complications related to ablation procedures, reuse of ablation devices in developing economies and high cost associated with ablation procedures might hamper the market expansion in certain emerging regions.
 

Ablation Devices Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 12.7 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 10.4% 2025 Value Projection: 25 Billion (USD)
Pages: 300 Tables, Charts & Figures: 550
Geographies covered (16): U.S., Canada, Germany, UK, France, Italy, Spain, China, Japan, India, Australia, Singapore, Brazil, Mexico, South Africa, Saudi Arabia
Segments covered: Technology, Product, Application, End Use and Region
Companies covered (11): Medtronic Plc, Boston Scientific, Abbott Laboratories, Alcon Laboratories, Angiodynamics, Atricure, Biosense Webster, CONMED, Elekta AB, Varian, Johnson and Johnson
Growth Drivers:
  • Increasing incidence of cancer
  • Rising demand for minimally invasive procedures
  • Advancement in healthcare technology
  • Growing geriatric population base
Pitfalls & Challenges:
  • High cost and risk associated with ablation procedures
  • Stringent regulatory approvals

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Market, By Product

Disposable ablation devices market value was around USD 5159 million in 2018 and is expected to witness lucrative growth in the coming years due to low cost and repeated demand from end-users for ablation procedures.
 

Reusable ablation devices segment is predicted to expand at a CAGR of 10.3% through 2025. This growth is attributed to factors such as reduction in medical waste associated with reusable ablation devices and lower costs.
 

Market, By Application

Germany Ablation Devices Market By Application

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Pain management ablation devices market will register a growth of more than 10.8% till 2025. Pain management ablation is a minimally invasive procedure in which the nerve fibers carrying pain signals to the brain are destroyed to reduce or stop the pain. This procedure provides relief for people with chronic pain in parts such as arthritic joints, lower back, and neck. 
                 

Oncology application segment size was over USD 4,173.8 million in the year 2018 owing to better potential benefits than other medical treatments of cancer and lower post procedure stay in hospital in comparison to open surgery.
 

Market, By End-use

The hospitals segment accounted for USD 7,912.5 million revenue in 2018. A substantial proportion of ablation procedures happen in hospital settings with the budget of hospitals being higher than other healthcare settings. During the forecast period, hospitals will continue to remain the largest end-use segment, owing to increasing ablation procedures in hospital settings coupled with rising supply agreements of ablation devices between manufacturing firms and hospitals.
 

Ambulatory surgical centers will observe around 11% growth rate during 2019-2025. Ambulatory surgical centers are the most preferred setting in developed as well as developing countries. Others segment includes private clinics and other similar establishments run by single or a group of doctors. This segment has lowest market share as the budget is lower as compared to hospitals and ambulatory surgical centers.
 

Market, By Region

Europe Ablation Devices Market By Country

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U.S. dominated the North America ablation devices market, with a valuation of USD 4,902 million in 2018. High disposable income and various reimbursement policies in the country will enable patients to opt for ablation procedures. Furthermore, growing influence for minimally invasive medical devices will aid the market size expansion. Moreover, rising prevalence of cancer will foster the regional market demand.
 

Asia Pacific market is estimated to witness 11.2% CAGR during the forecast period impelled by favorable government policies, growing healthcare awareness, and increasing healthcare expenditure.
 

Competitive Market Share

Medtronic Plc, Boston Scientific, Abbott Laboratories, Alcon Laboratories, Angiodynamics, Atricure, Biosense Webster, CONMED, Elekta AB, Varian, Johnson and Johnson are some of the major industry players operating in the global market. These key participants will hold majority market share owing to strong financial position and better brand recognition. Major strategies implemented by these companies in the market include new product launches, expansion strategy, acquisition strategy, etc. with the aim to gain competitive advantage over its peers.
 

The ablation devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million and units from 2014 to 2025, for the following segments:
 

Market, By Technology

  • Electrical
    • Electrical Ablators
    • Electronic Brachytherapy
  • Radiation
    • Brachytherapy
    • Stereotactic Radiotherapy and Radiosurgery
    • Image-Guided Radiation Therapy
    • Intensity-Modulated Radiation Therapy
    • Stereotactic Body Radiation Therapy
    • Proton Beam Therapy
  • Radiofrequency
  • Light
    • Cold Laser
    • Excimer Laser
  • Ultrasound
    • High-Intensity Focused Ultrasound
    • Magnetic Resonance Imaging Guided Focus Ultrasound
    • Ultrasonic Surgical Systems
    • Shock Wave Lithotripsy
  • Cryotherapy
    • Tissue Contact Probe
    • Cryogen Spray Probe
    • Epidermal and Subcutaneous Cryoablation Devices
  • Thermal
  • Microwave
  • Hydro-Mechanical

Market, By Application

  • Cardiology
  • Oncology
  • Ophthalmology
  • Pain Management
  • Gynecology
  • Urology
  • Orthopedic Treatment
  • Cosmetic Surgery
  • Others

Market, By Product

  • Disposable
  • Capital
  • Reusable

Market, By End-use

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

The above information is provided for the following regions/countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
       

Frequently Asked Questions (FAQ) :

The market size of ablation devices exceeded USD 12.7 billion in 2018 and is poised to grow at over 10.4% CAGR between 2019 and 2025.
Medtronic Plc, Boston Scientific, Abbott Laboratories, Alcon Laboratories, Angiodynamics, Atricure, Biosense Webster, CONMED, Elekta AB, Varian, Johnson and Johnson are some of the major industry players operating in the global market.
Reusable ablation devices will expand at a CAGR of 10.3% through 2025. This growth is attributed to factors such as reduction in medical waste associated with reusable ablation devices and lower costs.
U.S. dominated the North America market, with a valuation of USD 4,902 million in 2018. High disposable income and various reimbursement policies in the country will enable patients to opt for ablation procedures.

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Premium Report Details

  • Published Date: Jun 2019
  • Pages: 300
  • Tables: 541
  • Charts / Figures: 9
  • Companies covered: 11
  • Countries covered: 16

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