Global Ablation Technologies Market to Expand at a Robust 9.4% CAGR by 2025
Albany, NY -- (SBWire) -- 05/03/2019 --ResearchMoz include new market research report "Global Ablation Technologies Market Insights, Forecast to 2025" to its huge collection of research reports.
This report studies the global market size of Ablation Technologies in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Ablation Technologies in these regions.
This research report categorizes the global Ablation Technologies market by top players/brands, region, type and end user. This report also studies the global Ablation Technologies market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
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The global Ablation Technologies market is valued at 2790 million US$ in 2017 and will reach 5720 million US$ by the end of 2025, growing at a CAGR of 9.4% during 2018-2025. The objectives of this study are to define, segment, and project the size of the Ablation Technologies market based on company, product type, end user and key regions.
Ablation Technologies is the treatment that destroys tumors or unwanted material without affecting other body tissues or organs. Because of poor health or reduced organ function, these techniques are widely used to treat cancer, cardiovascular and other chronic diseases. In the treatment of chronic diseases, medical ablation plays the prime role in the removal or complete destruction of abnormal tissue. Medical ablation can be done without surgery by insertion of the probe or a needle through the skin into the tumor. Ablation refers to a minimally invasive surgical procedure for the destruction or removal of abnormal tissues that can cause life-threatening conditions such as cancer, atrial fibrillation, and others. The most common types of cancers treated by medical ablation are kidney (renal) cancer, liver cancer, and lung cancer.
The ablation technologies market, by type is segmented into Radiofrequency, Laser/Light, Cryoablation, Microwave, Hydrothermal and others ablation technology. In 2017, Radiofrequency is the largest market share with 54.7%, The microwave ablation technology segment is estimated to grow at the highest CAGR during 2018 to 2023.
The market by application Cardiovascular Disease, Cancer, Ophthalmology, Pain Management, Gynecology, Orthopedic Treatment, and others. The cancer segment is expected to command a major share of the ablation technologies market in 2017 with the market share 45.4%.
North America is the largest consumption place, with a consumption market share nearly 41.7% in 2017. Following North America; Europe is the second largest consumption place with the consumption market share of 28.3% in 2017. Ablation Technologies market in Asia Pacific region is expected to exhibit the highest growth rate especially in the developing Asian countries like China & India.
Market competition is intense. Medtronic, AtriCure, Dornier MedTech, Boston Scientific, AngioDynamics, etc. are the leaders of the industry. And there will be more demand in this industry and more companies enter into this industry.
As per statistics from the World Health Organization, almost 17 million deaths each year are associated with cardiovascular diseases, of which atrial defibrillation is a major disorder. Moreover, the incidence of atrial fibrillation increases with age, attacking almost 1 out of every 20 people aged 65 and above.
Further, according to WHO statistics, in 2012, above 14 million people across the world were reported to have developed new types of cancer, about 32 million people were reported to be living with different type of cancers and more than 8 million deaths were associated with cancer across the globe. As such, the consistent rise in the patient pool of cancer and cardiovascular diseases will lead to significant demand for ablation devices in the forthcoming years.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Medtronic
AtriCure
Dornier MedTech
Boston Scientific
AngioDynamics
Lumenis
Abbott
Smith & Nephew
Olympus
Johnson & Johnson
EDAP TMS
BTG
Hologic
IRIDEX
CONMED
Merit Medical
Market size by Product
Radiofrequency Ablation
Laser/Light Ablation
Cryoablation Ablation
Microwave Ablation
Hydrothermal Ablation
Others
Market size by End User
Cardiovascular Disease
Cancer
Ophthalmology
Pain Management
Gynecology
Orthopedic Treatment
Other
The study objectives of this report are:
To study and analyze the global Ablation Technologies market size (value & volume) by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.
To understand the structure of Ablation Technologies market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Ablation Technologies companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Ablation Technologies submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Ablation Technologies market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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