Ablation Devices Market Size

Ablation Devices Market Size

Ablation Devices Market size garnered over USD 8.6 billion in revenues in 2022 and is predicted to exhibit above 9% CAGR from 2023 to 2032. A noticeable surge in the incidences of chronic diseases worldwide is one of the key factors contributing to the growing demand for ablation devices.

The rapid adoption of an unhealthy lifestyle, excessive tobacco and alcohol intake, smoking habits, substance abuse, high caffeine consumption, and others have resulted in the growing prevalence of several chronic disorders. According to the World Health Organization estimates, tobacco-related cardiac diseases claim the lives of more than 1.9 million individuals globally every year. The commendable rise in disease burden has aggravated the number of patients undergoing treatment across healthcare settings, which, in consequence, has benefited the market progress.

Minimally invasive procedures have gained significant popularity over the years due to the involvement of fewer complications and smaller surgical incisions. These procedures ensure efficient post-surgical pain management, reduced hospital stays, faster recovery, and better prognosis than traditional interventions. Several advancements in minimally invasive surgeries are projected to accelerate industry trends.