Lewes, DE -- (SBWire) -- 12/01/2017 --Report forecast the global cryoablation systems market to grow at a CAGR of 5.23% during the period 2017-2021.
The process of removing carcinogenic cells from the body by using refrigerant is known as cryoablation. This mechanism of action is used to treat direct cellular injuries and also microvascular injuries. Cryoablation systems are used in the treatment of epidermal, subcutaneous, and endometrial abnormalities by freezing the malignant cells. The advanced cryoablation system uses the argon gas for treating the malignancy in an individual.
The report covers the present scenario and the growth prospects of the global cryoablation systems market for 2017-2021. To calculate the market size, the report considers the sales and volumes of cryoablation systems.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the market is preference for cryoablation over RF. Increased precision and accuracy of cryoablation devices has led to an increase in adoption worldwide. The surgeries performed using cryoablation devices are less invasive and lead to lesser complications compared with conventional resection procedures. Catheter cryoablation (CRYO) is regarded as one of the latest and most efficient approach for the treatment of cardiac arrhythmia over RF. The lesion to carry out the procedure with the help of cryoablation systems are well circumscribed with the requirement of minimal thrombus and preservation of the extracellular matrix.
Further, the report states that one challenge in the market is high cost of cryoablation procedures. The cost of cryosurgeries is high compared to the many tissue ablation procedures. AF treatment with the help of cryoablation system is expensive. The average Medicare reimbursement is $9,500 for uncomplicated AF ablation. According to a study conducted by Stony Brook University in 2016, the cost of cryoablation was high compared and RF ablation procedures. The 1276 patient suffering from cardiovascular disease and additional arrhythmias underwent cryoablation procedures. Sensitivity models showed higher costs in both Cryo sub-groups compared with RF.
Global Cryoablation Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global cryoablation systems market: CooperSurgical, Galil Medical, and Medtronic.
Other Prominent Vendors in the market are: ACS Myanmar Medical, AtriCure, BVM Medical, Channel Medsystems, CPSI Biotech, ForTec Medical, HealthTronics, IRANBEHDASHT, ICECURE MEDICAL, METRUM CRYOFLEX, PENTAX Medical, Sanarus, and Solution Medical.
Market driver
- Preference for cryoablation over RF
- For a full, detailed list, view our report
Market challenge
- High cost of cryoablation procedures
- For a full, detailed list, view our report
Market trend
- Increased efficiency of cryoimmunotherapy
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 75 pages "Global Cryoablation Systems Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by end-user, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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