Ablation Devices Market Poised for Stellar Growth Through 2029; COVID-19 Outbreak Briefly Derails the Market: Future Market Insights
Augmented demand for patient-centric models has been shaping the ablation devices market for many years. Moreover, aggressive shift towards minimal invasion, reduced hospitalization rate, greater clinical efficacy, and lower cost is supporting the market growth. Therefore, FMI projects the net revenue pool to exceed US$ 8 Bn by 2029 end.
“Highly sought-after attributes such as proven procedural efficacy, enhanced safety profiles, and greater awareness are fueling the demand for ablation devices in asymptomatic procedure-related events. Hence, the global ablation devices market will witness stellar growth at approximately 11% CAGR over the forecast period (2019-2029),” says the FMI analyst.
Request report sample with 300 pages to gain in-depth insights https://www.futuremarketinsights.com/reports/sample/rep-gb-11254
Key Takeaways of Ablation Devices Market Study
- Advanced ablation catheters will continue to stay atop, accounting for 68% revenue in terms of product type.
- Radiofrequency technology remains highly preferred by manufacturers across the globe.
- In terms of function, conventional ablation devices will capture leading value proportion over the forecast period.
- Clinics and hospitals are prominent end users on account of trained medical staff and greater availability of ablation devices.
- Europe and North America collectively hold 70% share in the overall market stack.
Ablation Devices Market – Key Growth Factors
- Rising adoption of automated robotic ablation devices is stimulating the market growth.
- Rapid investments by governments in developed countries towards healthcare infrastructure are complementing the growth of ablation devices market.
- Advancements in state-of-the-art medical equipment will support the market growth over the projection period.
- Lesser recovery time and lesser potential risks of radiofrequency technology are boosting its wider adoption.
- Popularity of cryoablation catheters in treating arrhythmias will support the growth of this segment through 2029.
- Rising life expectancy combined with growing geriatric population are significant revenue contributors of global ablation devices market.
Ablation Devices Market – Key Restraints
Potential damage caused by the use ablation devices at the cellular level is limiting the growth of market. Market players require extensive R&D undertakings to develop new and safer ablation techniques and also address the unmet needs of the market.
Impact of COVID-19 on Ablation Devices Market
Greater prevalence of tumors and cardiovascular diseases has been driving the global ablation devices market. However, that growth was halted when the COVID-19 pandemic began to sweep the globe. Top players face new challenges and continue to devise new strategies to counter the aftereffects. The medical fraternity is giving preference to treat COVID-19 patients while other elective procedures are being postponed worldwide. Moreover, the pace at which SARS-CoV-2 outbreak is spreading around the world makes it even more challenging for industry leaders to respond accordingly. Addressing the economic concerns remains the top priority of niche players in the global ablation devices market.
Explore the full ablation devices market report with 238 illustrative figures, 78 data tables and table of contents. Request ToC of the study athttps://www.futuremarketinsights.com/covid19/rep-gb-11254
The global ablation devices market is highly competitive in nature. Some of the prominent players featured in this FMI study include, but are not limited to, AngioDynamics Inc., Hologic, Inc., Boston Scientific, and Medtronic. Product launches and continuous upgradation are major strategies followed by top players in order to gain an upper edge in the ablation devices market. For instance, Hologic, Inc., introduced NovaSure ADVANCED (2017), a next-generation Global Endometrial Ablation (GEA) system which received approval by The Food and Drug Administration (FDA). Such differentiating strategies are being adopted by local and regional players in the ablation devices as well. These growth-oriented steps are crucial for market players to sustain their leadership.
More about the Report
This Future Market Insights study of 300 pages provides all-inclusive insights on the global ablation devices market. The market analysis is based on product type (bipolar energy ablation devices, cryotherapy ablation devices, hydrothermal ablation devices, thermal balloon ablation devices, advanced ablation catheters, standard ablation catheters, MRI guided neurosurgical ablation), technology (laser, radiofrequency, microwave, ultrasound), application (cardiovascular, cancer, urological, ophthalmic), functional (automated robotics, conventional), end user ( hospitals, ambulatory surgical centers, clinics) across seven regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa).
Explore Extensive Coverage of FMI’s Healthcare, Pharmaceuticals and Medical Devices Landscape
Medical Mask Market – Get FMI’s detailed insights on the global medical mask market covering current trends, market growth prospects, and important dynamics for predefined projection period (2020-2030).
Medical Ventilators Market – Gather incisive details on the global medical ventilators market through FMI’s latest report encompassing current and historical performance statistics for the course of forecast period (2020-2030).
Non-opioid Pain Patches Market – FMI’s deep-dive analysis on the global non-opioid pain patches market covers key stakeholders, product portfolio analysis along with respective market share for 2019-2029.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: email@example.com
For Media Enquiries: firstname.lastname@example.org
Press Release Source: https://www.futuremarketinsights.com/press-release/ablation-devices-market