Ablation Market Current Trends, Research Analysis and Projections For 2018-2028
Ablation is a treatment to cure various tumors such as lung, bone, kidney, etc. It is minimal invasive technique and better option for people who have failed chemotherapy or radiotherapy or are not fit for surgical due to poor health condition.
Major factor driving growth of the global ablation market is rising demand among geriatric population suffering from chronic disease such as cancer, cardiovascular diseases, etc. for minimally invasive procedures with fast recovery time. in addition, increasing government initiatives for awareness regarding ablation treatment and increasing healthcare infrastructural activities in developed and developing countries are another factors expected to support growth of the global ablation market.
Global ablation market is segmented on the basis of treatment, application, and region
On the basis of technology, the global ablation market is segmented into radiofrequency ablation (RFA), ethanol (alcohol) ablation, microwave thermotherapy, cryosurgery (cryotherapy). The radiofrequency ablation (RFA) segment is expected to account for highest share in the global ablation market in terms of revenue. Radiofrequency ablation makes use of imaging devices and needle electrode probe to pierce through skin. High frequency currents are passed through electrode for generating heat in order to destroy tumor cells. The microwave thermotherapy segment is projected to register highest CAGR over the forecast period.
On the basis of application, the global ablation market is segmented into cardiovascular disease, cancer, ophthalmology, pain management, gynecology, urology, orthopedic treatment, cosmetic surgery, others (fecal incontinence, gastroesophageal reflux disease (GERD), tonsillectomy, psoriasis). The cardiovascular segment is expected to account for highest share in the global ablation market in terms of revenue. This can be attributed to rising prevalence of cardiovascular diseases globally. The cancer segment is projected to register highest CAGR over the forecast period.
On the basis or region, the global ablation market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. North America market accounted for largest market share in the global ablation market in 2016. Market in Asia Pacific is expected to register highest CAGR in terms of revenue, owing to increasing patient pool in emerging economies in this region.
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Key players operating in the global ablation market include Medtronic, Inc., Biosense Webster, Inc., St. Jude Medical, Inc., Boston Scientific Corporation, CONMED Corporation, AngioDynamics, Inc., AtriCure, Inc., Smith & Nephew plc, and Olympus Corporation.
An Aim of Global Market report is as follows:
-To gives market insight across the world.
-To calculate and forecast the market on the basis of various segments.
-To provides market size and foreseen up to 2028 for overall market relevant to key regions.
-To study market dynamics influencing the market during the projection period 2019-2028 i.e. opportunities, risk, threats, drivers, restriction, and current/future trend.
-To offers broad SWOT analysis for all regions included in the report.
-To overview on major players performing in the industry along with their PESTEL study and market policies.