Ablation Devices Market worth over $25bn by 2025

Ablation Devices Market size is set to surpass USD 25 billion by 2025; according to a new research study published by Global Market Insights, Inc.
 

Ablation devices were introduced with an aim to provide a solution for treatment of a variety of medical conditions including cancer, cardiology disorders, pain management, etc. Technological advancements have increased the importance and role of ablation devices as a functional part of various minimally invasive techniques. Increasing cases of cancer and cardiovascular disorders across the world are major factors driving the ablation devices market growth. Additionally, increasing adoption of minimally invasive techniques, rising geriatric population with advancement in healthcare technology will boost the market expansion.

 

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Ablation Devices Market

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Radiofrequency ablation devices held majority market share of 22.3% in 2018. Today, radiofrequency ablation devices are available for achieving better results in a range of medical areas such as oncology, cardiology, cosmetology, gynecology and pain management. A significant rise in geriatric population has increased the demand for radiofrequency ablation devices, augmenting the segment growth globally.
 

Use of reusable ablation devices will grow at more than 10.3% CAGR during the forecast period. Reusable ablation devices help in reducing medical waste of end-users and are extremely economical.
 

Browse key industry insights spread across 300 pages with 541 market data tables & 9 figures & charts from the report, 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 Devices}, Thermal, Microwave, Hydromechanical), By Product (Disposable, Capital, Reusable), By Application (Cardiology, Oncology, Ophthalmology, Pain Management, Gynecology, 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 – 2025in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/ablation-devices-market    
 

Ablation devices have application in hospitals, ambulatory surgical centers, and clinics. Hospitals have the highest demand for ablation devices due to greater budget and high number of ablation procedures that take place in this setting. The demand for ablation devices in ambulatory surgical centers will grow at a promising rate owing to rising preference of patients towards ambulatory surgical centers and overall increase in the number of such establishments during the forthcoming years.
 

The U.S. ablation devices market is the largest in the world and will expand at a CAGR of 10.5% till 2025. Rising adoption for minimally invasive medical devices will boost the market demand. Reimbursement and insurance policies by Center for Medicare and Medicaid (CMS) will foster the regional market growth. Moreover, high healthcare expenditure, increasing geriatric population, and rising venture capital investments by manufacturing firms should drive the U.S. market revenue.
 

Oncology application segment is predicted to witness around 9.7% growth rate through 2025. Oncology ablation devices are used to treat tumors by burning or freezing it. The growth of oncology ablation devices is attributed to better potential benefits than other medical treatments of cancer. Also, cancer patients are required to stay for shorter period after ablation procedure in comparison to open surgeries.
 

Some of the key players operating in the ablation devices market are Medtronic Plc, Boston Scientific, Abbott Laboratories, Alcon Laboratories, Angiodynamics, Atricure, Biosense Webster, CONMED, Elekta AB, Varian and Johnson and Johnson.
 

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